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Bitcoin Slump Hits NFT Market: Sales Volume Drops Sharply in Q2
The digital collectible market suffered a major decline in the second quarter of 2024, with sales hitting the lowest point since late last year. Data from CryptoSlam shows that non-fungible token (NFT) trading volume plunged 45% in Q2, falling to $2.24 billion. The decrease followed an initial surge from $2.9 billion in Q4 2023 to $4.1 billion in Q1 2024. As Bitcoin falters from a high level, the NFT market is under major pressure. NFTs are a risky asset, and when liquidity dries up, prices seem to fall off a cliff. Several factors could contribute to the downturn. These include...
Mythical Games Partners With FIFA To Create Mobile Web3 Game
By Philip Maina 1 week agoMon Nov 25 2024 11:40:35 Reading Time: 2 minutes Mythical Games has partnered with FIFA to develop a web3 game for mobile devices Known as “FIFA Rivals” it will be available for gamers on iOS and Android devices The game will be free to play and is scheduled to be released next year Blockchain gaming firm Mythical Games has partnered with football federation FIFA to create a web3 game for players using Android and iOS-powered devices. Dubbed “FIFA Rivals,” the game will be free to play and available to the public in the second half...
Hoskinson Claims Cardano Will Flip Bitcoin As Leading Crypto
In an interview with the hosts of “Altcoin Daily,” a popular cryptocurrency-focused YouTube channel, Charles Hoskinson, the founder of Cardano, made bold assertions about the future of Cardano in relation to Bitcoin. Addressing nearly 1.5 million subscribers, Hoskinson laid out a vision for Cardano that he believes will not only compete with but eventually surpass Bitcoin as the world’s leading cryptocurrency. Why Hoskinson Believes Cardano Will Flip Bitcoin Hoskinson’s argument hinges on the unique attributes of the Cardano ecosystem, which he claims will drive its growth to surpass Bitcoin. He outlined a comprehensive strategy that leverages global adoption and technological...
