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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
Magic Eden Winds Down EVM and Bitcoin NFT Markets in Strategic Pivot
Magic Eden is winding down its Ethereum, Polygon, and Bitcoin NFT marketplaces to pivot resources toward its Solana operations and growing iGaming platform, Dicey. The decision, confirmed by CEO Jack Lu, is that the platform will cease support for non-Solana chains by early April 2025,...
, by Tim Hakki
Blockchain News
Gemini Shuts Down Nifty Gateway NFT Marketplace – Here’s What’s Next for Holders
Gemini has said it is closing Nifty Gateway, the 2018 NFT marketplace it bought in 2019, after placing it in withdrawal-only mode. Users have until Feb. 23, 2026 to move USD, ETH or NFTs. Gemini has said it will keep NFTs via Gemini Wallet as the sector shrinks.
, by Hassan Shittu
NFT News
DOJ Drops OpenSea NFT Fraud Case After Appeals Court Overturns Conviction

Federal prosecutors dropped their case against former OpenSea manager Nathaniel Chastain after an appeals court overturned his NFT insider trading conviction, citing flawed jury instructions that conflated unethical behavior with actual property theft.

, by Anas Hassan
Animoca Brands Acquires Somo to Expand Web3 Collectibles Push
Animoca Brands has moved to strengthen its position in digital collectibles after acquiring gaming and collectibles studio Somo.
, by Amin Ayan
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 amid the company’s shift toward artificial intelligence.
, by Amin Ayan
Nike Quietly Dumps NFT Unit RTFKT as Converse Revenue Drops 30%
Nike has quietly sold its digital products subsidiary RTFKT, the NFT unit it acquired during the 2021 crypto boom, as the sportswear giant's Converse brand reported a 30% drop in quarterly sales last December. The sale, effective December 16, marks Nike's definitive exit from blockchain-based...
, by Anas Hassan
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
CryptoPunks Reveals Details For Its Punk In Residence Incubator Program + More NFT News
In NFT news today, after a couple of days of increasing non-fungible token (NFT) sales volume, the market is back in red. According to CryptoSlam, the sales volume is down nearly 13% over the past day to $42,137,944. Buyers, sellers, and transactions are all down by just above 30%. Looking at...
, by Sead Fadilpašić
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
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