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Cryptonews Latest News NFT News

NFT News

While NFTs, or non-fungible tokens, remained fairly niche for several years now, they’ve grown in prominence over the past year or so, as tokens representing unique works of art, collectibles, and virtual game items have become more popular.

All NFT News

NFT News
Meta to Cut Around 10% of Metaverse Unit as AI Takes Priority

Meta is preparing to cut roughly 10% of staff from its metaverse-focused division, a move that underscores the company’s accelerating shift toward artificial intelligence.

, by Amin Ayan
NFT News
Nike Quietly Dumps NFT Unit RTFKT as Converse Revenue Drops 30%

Nike completed the sale of RTFKT, its NFT subsidiary acquired during the 2021 crypto boom, as the company faces a $5 million class action lawsuit over abandoned digital collectibles and Converse's 30% quarterly revenue decline under new CEO Elliott Hill's strategic pivot.

, by Anas Hassan
NFT News
Logan Paul Agrees to Sell Record-Breaking $5.3M Pokémon Card at Auction

Logan Paul will auction his record-setting Pikachu Illustrator card after accepting a $2.5 million advance from Goldin Auctions.

, by Amin Ayan
Canada’s $72M Crypto Tax Crackdown Targets 2,500 Dapper Labs Users — But No Charges Yet
Canada’s tax authority has widened its crypto enforcement net, targeting 2,500 users of Vancouver-based NFT firm Dapper Labs in a probe tied to an estimated C$72 million ($54 million) in suspected unpaid taxes. The probe sits within a larger Canada Revenue Agency (CRA) campaign that has already...
, by Hassan Shittu
Meta Cuts Metaverse Spend as It Bets on AI Glasses and Wearables
Meta is scaling back its metaverse spending and redirecting resources toward AI-powered glasses and wearable devices.
, by Amin Ayan
McGregor vs Khabib NFT Drama: ZachXBT Exposes Hypocrisy Over Failed Meme Coin
The long-standing rivalry between Conor McGregor and Khabib Nurmagomedov has resurfaced in an unexpected arena, igniting a controversy that blends personal history, digital collectibles, and renewed criticism over celebrity involvement in crypto projects. What began as a jab from McGregor over...
, by Hassan Shittu
Coinbase CEO Confirms Spending $25M to Buy UpOnly NFT From Cobie
Coinbase CEO Brian Armstrong on Tuesday, confirmed the purchase of $25 million UpOnly NFT from well-known crypto trader Cobie. “The rumors are true, we bought the NFT,” Armstrong wrote to his 1.6 million followers on X. “UpOnlyTV is coming back.” Per on-chain data, Coinbase paid $25...
, by Sujha Sundararajan
OpenSea Reinvents Itself as Crypto Aggregator Amid 90% NFT Volume Crash
OpenSea, once the face of the NFT boom, has undergone a dramatic transformation as the sector sees trading volumes collapse by more than 90% from their 2021 highs. The NFT marketplace has rebranded itself as a multi-chain crypto trading aggregator, expanding beyond digital collectibles into...
, by Hassan Shittu
Swiss Regulator Probes FIFA’s 2026 World Cup Token Sales
Switzerland’s gambling watchdog has launched a review into FIFA’s “Right-to-Buy” tokens for the 2026 World Cup.
, by Amin Ayan
Hyperliquid’s Hypurr NFTs Hit $76K Floor Price, But Hacker Steals 8 for $400K Profit
A threat actor stole eight Hypurr NFTs worth approximately $400,000 within hours of the collection's launch by compromising wallets that received the airdropped tokens on Hyperliquid's HyperEVM layer. Blockchain investigator ZachXBT first reported the sophisticated theft targeting early Genesis...
, by Anas Hassan
OpenSea $1M NFT Fund Eclipsed by Major SEA Token Announcement
NFT marketplace OpenSea has launched a $1 million initiative to acquire and curate digital art, unveiling what it calls the Flagship Collection. The move, announced Monday, comes as the company prepares for the rollout of its SEA token, a development that has quickly overshadowed the cultural...
, by Hassan Shittu
The Sandbox Founders Exit as Animoca Assumes Full Control in Major Overhaul
Metaverse platform The Sandbox is undergoing a transformation following the departure of its co-founders and a takeover by Animoca Brands.
, by Amin Ayan
NFT Market Heats Up As AI Companion Tokens Bring Interactive Experiences
Non-fungible tokens (NFTs) are making a comeback after facing a tough couple of years. According to DappRadar, NFT trading volumes dropped from $16.8 billion in 2023 to $13.7 billion in 2024. Although this decline was marked, a recent report from DappRadar found that NFT metaverse trading...
, by Rachel Wolfson
Short-Lived NFT Market Recovery Ends With $1.2 Billion Weekly Decline
The non-fungible token (NFT) market has witnessed an abrupt end to its brief recovery period, shedding over $1.2 billion in value within a single week. Following a substantial 40% surge since mid-July, recent data from NFT Price Floor revealed that the aggregate valuation of NFT collections...
, by Anas Hassan
Ex-OpenSea Employee Cleared in First NFT Insider Trading Appeal — Here’s What Changed
A former OpenSea product manager has successfully overturned his conviction in what was once hailed as the first insider trading case involving non-fungible tokens. The ruling by a US federal appeals court on Thursday marks a significant setback for prosecutors hoping to apply traditional...
, by Shalini Nagarajan
NFT Sales Hit $574 Million in July, Second-Highest Monthly Total of 2025
NFT sales surged to over $574 million in July, marking the second-highest monthly total in 2025, according to data from CryptoSlam.
, by Amin Ayan
CryptoPunks NFTs Roar Back With $24.6M in Weekly Trades
CryptoPunks, one of the most iconic NFT collections on Ethereum, is back in the spotlight after recording a dramatic surge in trading activity. The series notched over $24.6m in weekly volume last week, its highest tally since March, marking a 416% rise from the prior week, data from the...
, by Shalini Nagarajan
Breaking: SuperRare Staking Contract Hit by $730K Exploit—$RARE Token Unscathed
The NFT marketplace SuperRare’s RareStakingV1 contract was exploited, allowing attackers to drain 11.9M RARE tokens. Importantly, the vulnerability did not compromise the underlying $RARE token contract or its core functionalities. SuperRare’s exploited RareStakingV1 contract was part of the...
, by Hassan Shittu
NFT Market Cap Surges to $6.6B in July as CryptoPunk Sells for $5M – Are NFTs Back?
The NFT market experienced a dramatic resurgence in July 2025, with market capitalization surging 94% to $6.6 billion and weekly trading volumes spiking 51% to $136 million, marking the highest levels since early 2025 after months of consecutive quarterly declines. According to a new report...
, by Anas Hassan
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