Michael Bouhanna, serving as Vice President and leading the Digital Art division at Sotheby’s, announced a successful year for the digital art sector at the renowned art brokerage firm. This achievement comes amidst a year that saw varied responses and opinions regarding non-fungible tokens (NFTs). “2023 at Sothebys will remain one of the most exciting…
As we approach the end of 2023, there is a noticeable resurgence of interest in NFTs. Notably, NFT brands are expanding their reach by selling products in both physical retail stores and online marketplaces. This trend is accompanied by the launch of major blockchain-based games and the entry of established companies into the NFT space….
Over the past week, the non-fungible token (NFT) market has experienced a 12.26% drop in sales, reaching a total of $463.87 million. This decline follows a trend from the previous week. Notably, Bitcoin-based NFTs led the market with sales amounting to $265.61 million, despite a 13.71% decrease from the week before. Concurrently, Solana’s NFTs have…
Non-fungible tokens (NFTs) experienced a meteoric rise in popularity in 2020 and 2021, with the market value soaring to an impressive $11 billion. February 2022 alone witnessed over 400,000 weekly users on platforms like OpenSea and Mints. This period saw a surge in prices and user engagement, fueling widespread enthusiasm in the NFT space. However,…
