The past week’s non-fungible token (NFT) sales have dropped again, following the last few weeks of diminishing volumes. Across 14 blockchains that support NFTs, sales have slipped 29.46% lower than the week prior. Despite the drop in NFT sales volume, NFT sales stemming from the Arbitrum network spiked by 97.53% this week. NFT Interest and […]
Puerto Rican Treasury Department Aims to Tax NFT Sales
The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe the inclusion of NFTs in this reform brings validation to the asset class, but also that the application of this regulation presents […]
$2.7 Billion in NFT Sales Recorded Last Month — Ethereum, Ronin, Solana Top 3 NFT Networks
This week Google Trends shows that the acronym NFT, which stands for non-fungible token, has reached a score of 100, the highest score a search query can get from the data analytics aggregator. Meanwhile, statistics indicate that during the last 30 days across ten different blockchains, there’s been $ 2.73 billion in NFT sales. NFT […]
30 Day NFT Sales Continue to Run Hot With Punks and Apes, Metaverse Trade Volume Skyrockets
The number of recorded non-fungible token (NFT) sales during the last 30 days consisted of roughly 362,374 sales. During the past 30 days, the leading NFT marketplace Opensea processed $ 2.39 billion, up 22.88% since last month. Decentraland volume jumped 192% since last month reaching more than $ 28 million in sales. NFT and Metaverse […]
Are NFT Sales Susceptible to Shill Bidding? NFT Skeptics Think It’s Possible
In 2021, there’s no doubt that non-fungible token (NFT) collectibles have been extremely popular and NFTs have made billions in sales during the last year. For instance, in the last month Opensea saw $ 3.44 billion in NFT sales, Axie Infinity saw $ 838 million, and the pixelated NFTs Cryptopunks saw $ 653 million in […]
