China News Today TheBitTimes.com

The crypto and the global non-fungible token market are currently facing a tough bear market season, which has left the flagship crypto “Bitcoin” and NFTs far below its 2024 peak. In light of the ongoing bear market, the “Crypto is Bullshit,” a non-fungible token collection from Beeple, has come back to life a resold for nearly a million dollars. This NFT collection has climbed to the top five most-selling NFT collections. Beeple’s Special Edition Tops Amid Crypto Bear Market Data compiled by cryptoslam.io, an-chain crypto market data aggregator and a renowned non-fungible token explorer, shows that the Beeple Special Edition, a non-fungible token collection that Features NFT collection like ‘Crypto is Bullshit’ and ‘Politics is Bullshit,’ has surged in sales volume today. In the past 24 hours, the Beeple Special Edition NFT series has amassed a trading sales volume of $905,481, taking the fourth position in the NFT market ch...

Nike, an American athletic footwear and apparel company renowned in the non-fungible token for its sneaker collectibles, has announced plans to exit the non-fungible token market in January 2025. Nike appears to be following the footprints of the crypto exchange Kraken, which also announced plans to wind down its non-fungible token marketplace. Kraken and Nike’s exit plans show that the NFT market has matured and is now scaling down weak brands and projects. Nike Shuts Down Its NFT Studio RTFKT In a December 02 press release, Nike confirmed plans to shut down its digital asset incubation studio RTFKT in January 2025. The athletic footwear and apparel company acquired its digital asset studio RTFKT in December 2021. Nike’s exit appears a time, when the non-fungible token market is retesting a strong bull run, which has pushed some floor prices back above 30 ETH. pic.twitter.com/ySShPa0I7r — RTFKT (@RTFKT) December 2, 2024 RTFKT is a digital asset incubation studi...

The non-fungible token market has taken a short bull breather after several weeks of bull rally. In the past seven days, the NFT market has recorded $153 million, down 16% from the previous week. The NFT market began surging earlier this month, following the prospect of a supportive crypto market regulatory regime under the United States President-elect Donald Trump. NFT Sales Fall 16% In The Past 7 Days Data compiled by CryptoSlam.io, an on-chain crypto assets market aggregator and a multi-chain non-fungible token explorer backed by billionaire Mark Cuban, shows that the non-fungible token market has slightly tanked again this past week. In the past seven days, the global NFT market has raised trading sales volume of $153 million, down 16% drop from the previous week. Nonetheless, this is the second-highest NFT trading sales volume since the beginning of the year. Ethereum, the same blockchain network powering the famous Ether and renowned in the NFT market for hosting the maj...