OpenSea acquires Gem, and makes a move into NFTs

OpenSea buys NFT market aggregator Gem In a Monday Twitter post, OpenSea announced it had acquired NFT marketplace aggregator Gem for an undisclosed price. A blog post by OpenSea chief executive officer Devin Finzer stated that the company made this move to improve the experience of its more seasoned, “pro” users.  Gem lets traders buy NFTs across various collections […]

OpenSea top-10 NFT projects soar as new liquidity enters the market

Spring is here and with it came a newfound awakening for nonfungible tokens (NFTs). In the last week of March, total sales volume rallied to $20 billion, but this metric took a dive from mid April to $17.6 billion.  However, on April 16, the newly landed Moonbirds NFT, pumped over $280 million worth of liquidity […]

OpenSea Suspends Trading of Sands Vegas Casino Club NFTs

Cyprus-based Sand Vegas Casino Club said that holders of the Gambling Apes NFTs can participate in profit-sharing from the proceeds of the casinos. In an update on its discord, BlackyJefferson21, a community lead for the project, said that the team is working with lawyers and has reached out to Texas and Alabama in “good faith” […]

Coinbase NFT Marketplace Goes Live. Can It Rival OpenSea?

The platform will allow users to showcase their personal profile and follow accounts whose content will appear in a “For You” feed, visually similar to social media platforms like Instagram and TikTok. Users will also be able to “like” and comment on each other’s posts, a Coinbase representative told CoinDesk. Source link

Is the surge in OpenSea volume and blue-chip NFT sales an early sign of an NFT bull market?

In the last two months, OpenSea began to cool down from its New Year’s bull run and many NFT pundits began to speculate about the beginning of a bear market once sales took a slight downward trend after closing out a record-breaking $5 billion in total volume sales in January.  However, for the last 7 […]

Here’s how OpenSea NFT hacks hurt owners, buyers and even entire collections

The non-fungible token (NFT) market has been booming since the summer of 2021 and as NFT prices were sky-rocketing, the number of hacks targeting NFTs were also increasing.  The most recent high-profile hack siphoned approximately 600 Ether worth of NFTs from Arthur0x, the founder of DeFiance Capital, and they were sold off on OpenSea. A […]