Industry News

Bitcoin Ordinals Boom Yields Record $1 Million NodeMonkes Sale

Ordinals—the Bitcoin equivalent of NFTs—are on fire as Bitcoin’s price nears an all-time high, and it’s the NodeMonkes collection that is leading the charge after a heavy sales weekend that culminated with the project’s first-ever sale above $1 million worth of BTC. NodeMonkes is the top-selling individual Ordinals or NFT project over the last seven days, according to data from CryptoSlam, with nearly $45 million worth of secondary market sales during that span. Over the last 24 hours, only Ethe...

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Someone Just Bought a CryptoPunks NFT for $16 Million in Ethereum

An anonymous individual purchased a CryptoPunks NFT for over $16 million worth of cryptocurrency on Monday, in the second-largest transaction for a CryptoPunk ever recorded.  For a whopping 4,500 ETH—worth $16.03 million at the time of sale—an Ethereum user whose identity has yet to be revealed purchased CryptoPunk #3100 just after 9:30 am EST this morning. The user’s wallet was created only four days ago, and used exclusively to purchase the NFT.  CryptoPunk #3100 is one of only nine Alien Punk...

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Musée d’Orsay Reveals NFT Auction Tied to Historic On-Chain Exhibition

On Thursday, a collection of tokenized artwork from the Musée d’Orsay’s first-ever commission of an on-chain exhibition will hit the market—the product of two experimental artists, months of coordination by the museum’s leadership, and thousands of exhales from unknowing strangers.  The pieces, five single-edition NFTs minted on the Tezos blockchain collectively titled “The Convergence of Breath,” are the fruits of an art installation (and partial social experiment) now on display at Musée d’Ors...

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Bitcoin Ordinals Trading Is Surging With Halving Just Two Months Away

As Bitcoin’s price rockets, the NFT-like Ordinals are staging a quiet comeback, with sales cross major Ordinals marketplaces crossing $19.7 million on Monday. More than $14 million in sales have taken place today, according to data from CryptoSlam.   The number has shot up since the start of the month, when daily trading volume was between $5-$6 million. But it still has a long way to go to reach what it stood at back in December—$85 million in trades.  And cross-chain marketplace Magic Eden is...

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Other Page Brings Enhanced Web3 Profiles to Magic Eden NFT Marketplace

Other Page and Magic Eden have announced a collaboration that aims to reinvent profiles within the marketplace by enabling users to customize their avatars and showcase their full Web3 legacy across all of their wallets and communities. Other Page's goal is to simplify profile creation by introducing a universal profile to flex the lore, IP licenses, lineage, club or guild affiliation, full sets, rare assets and inventory, as well as game data and achievements across both digital and IRL experie...

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The Entire Luxury Industry Is About to Embrace Blockchain, Says Aura CEO

This past weekend at NFT Paris, steps away from the Eiffel Tower, scores of high-ranking executives from the world’s top fashion, automotive, watch, and alcohol brands mingled with crypto thought leaders to discuss the on-chain future of the luxury industry.  These brands have spent the last three years dipping their toes into various blockchain-backed experiments, ranging from immersive online metaverses to ultra-limited drops of special products crafted for NFT holders. Soon, though, says Roma...

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Designer Stephy Fung: 'Taking a Stand' For Digital Fashion With New SYKY Collection

Digital fashion designer Stephy Fung has launched her debut SYKY Collective collection at NFT Paris, as the luxury fashion startup marks its integration with the Polygon blockchain ecosystem. "I'm here as a digital fashion artist, trying to take a stand with my collection and show what is possible, and that it is the future," Fung told Decrypt at the launch of the collection. "There is still a disconnect between the physical fashion industry and how they perceive digital fashion," she added, not...

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