You Searched For "nft bubble" and got 20 results
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2 mins read
NFT sales volume soared to $2.5 billion in the first half of 2021, as artists, celebrities and even Twitter and CNN joined the crypto craze
NFT adoption was boosted by artists, celebrities and organisations like Twitter, CNN and the US Spa…
Sophie Kiderlin
3 mins read
NFTs are to physical art what music streaming is to vinyl records, says a crypto expert who sees a whole new social world for digital collectibles
Les Borsai predicted the NFT trend would enable a new version of social media in a collective virtu…
Shalini Nagarajan
2 mins read
'CryptoPunk' NFT called 'Covid Alien' was bought for $11.8 million by DraftKings' largest shareholder in a Sotheby's auction
The rare NFT, dubbed "Covid Alien," was bought by Shalom Meckenzie, the largest shareholder of Draf…
Isabelle Lee
1 min read
An NFT collection inspired by the 16th-century Dutch tulip bubble is drawing flocks of bidders - and one has sold for more than $50,000
In recent years, many scholars have noted that the tulip bubble's history is often oversimplified a…
Ethan Wu
2 mins read
Mark Cuban compares the crypto boom to the dot-com bubble, defends Robinhood, and calls for stablecoin regulation in a new interview. Here are the 10 best quotes.
The "Shark Tank" star and billionaire owner of the Dallas Mavericks celebrated how crypto has encou…
Theron Mohamed
2 mins read
'Big Short' investor Michael Burry says the market might not bottom out until people swear off tech stocks, crypto, and NFTs. And he predicts a consumer recession this Christmas.
The Scion Asset Management boss dismissed the recent rebound in stocks, saying there were dozens of…
Theron Mohamed
2 mins read
I went to a physical NFT gallery where digital art was displayed on TV screens. It felt completely pointless.
A room full of screens with rotating photos and illustrations felt like mere hype on top of the alr…
Katie Canales
2 mins read
Sales of Bored Ape Yacht Club NFTs jump past $1 billion amid heightened interest from celebrity collectors
The milestone was reached a few days into the new year, according to data from CryptoSlam. Total sa…
Isabelle Lee
1 min read
The developers of an NFT collection called Frosties vanished in a potential 'rug pull' after buyers put in $1.3 million
The developers of the Frosties NFT collection have closed down their Twitter, Discord, and website,…
Isabelle Lee
2 mins read
US stocks jump as investors shake off inflation data showing prices climbing at the quickest pace in 4 decades
Consumer prices jumped 7% year-over-year last month, the highest rate of inflation since 1982 but i…
Isabelle Lee
2 mins read
Macy's is launching NFTs of its iconic Thanksgiving Day parade balloons
The NFTs will come in various degrees of rarity, including classic, rare and, ultra rare, according…
Isabelle Lee
2 mins read
Chinese tech giants Tencent and Ant are distancing themselves from the NFT market after Beijing's crypto crackdown
Both tech behemoths changed the word "NFT" to "digital collectibles" on their platforms and website…
Isabelle Lee
2 mins read
Crypto firm Meta4 gets backing from Andreessen Horowitz for new NFT investment fund
The fund is looking to raise $100 million and is eyeing famous NFTs such CryptoPunk, CryptToadz, Bo…
Isabelle Lee
2 mins read
Steph Curry jumps into NFTs with $180,000 purchase of Bored Ape digital artwork
The NBA star made the purchase on August 28 for 55 ether. Bored Ape Yacht Club is a collection of 1…
Isabelle Lee
2 mins read
NFTs will eventually be used by the government, which will mark the 'final stage' of adoption for a market that just had a monster August, one expert says
"I think the final state would be government adoption," one expert said. "If NFTs are only restrict…
Isabelle Lee
2 mins read
The NFT space is booming again, but experts say there are 5 challenges the digital collectibles space still needs to overcome
While NFTs are experiencing exponential growth, there are still hurdles to overcome before the mark…
Isabelle Lee
3 mins read
Billionaire 'Bond King' Jeff Gundlach rings the recession alarm, says bitcoin is hugely overvalued, and warns against investing in China
The DoubleLine Capital boss trumpeted emerging-market stocks and joked that only "momentum investor…
Theron Mohamed
2 mins read
'The Big Short' investor Michael Burry says he's not betting against crypto - and reveals he bought a couple of coins
Burry warned that crypto is in a speculative bubble, but he's bullish on blockchain technology and …
Theron Mohamed
2 mins read
NFT traders sank $3 billion into digital art in August as interest spikes
Some analysts see the NFT surge as evidence speculative retail investors are shifting out of bitcoi…
Ethan Wu
2 mins read
NFT prices are worth less than half what they were in April, as the market has cooled. Even Mark Cuban has had a digital token up for sale for a month.
NFT sales volumes dropped to less than half of what they were in April. Even crypto heavyweights li…