NFT

After taking the market by storm in 2021, the growth of non-fungible tokens has faced some bumps in 2022. Ask those who cover the sector if the NFT market is dead or alive, and you may get some different answers. What Happened: A recent report from The Wall Street Journal said sales of NFTs are...

Leading movie theater chain AMC Entertainment Holdings (NYSE: AMC) reported first-quarter financial results after the market close Monday. Here are the key highlights. AMC's Q1 Report: AMC reported revenue of $785.7 million in the first quarter, beating a Street estimate of $736.2 million,...

The non-fungible token market continues to heat up with strong sales volume on OpenSea, an NFT marketplace for buying and selling items. The highly anticipated Coinbase Global Inc (NASDAQ: COIN) NFT marketplace has had a slow start but could be bringing new people into the sector. Every week,...

Meta Platforms Inc's (NASDAQ: FB) Instagram is soon going to integrate NFTs (non-fungible tokens) from Ethereum (CRYPTO: ETH), Polygon (CRYPTO: MATIC), Solana (CRYPTO: SOL), and Flow.  According to the report, Meta is expected to make an official announcement on this as...

According to a report published by the research firm MarketsandMarkets, the NFT sector could be worth over $13 billion by the end of 2027.  The global NFT market is expected to grow from $3.0 billion in 2022 to $13.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 35% from 2022 to...

Sports betting and online gaming company DraftKings Inc (NASDAQ: DKNG) reported first-quarter financial results Friday before the market open. Here are the key highlights and why shares are trading higher. What Happened: DraftKings reported first-quarter revenue of $417 million, up 34% year-over-...

The widely anticipated launch of Coinbase Global Inc’s (NASDAQ: COIN) NFT marketplace appears to have had an underwhelming first day. What Happened: According to data from Dune Analytics seen by Decrypt, Coinbase NFT had under 150 users on the first day of being open to the public. The...

A leading coffee and restaurant chain is launching its own non-fungible tokens later this year. Here are the new details. What Happened: First announced last month, Starbucks Corporation (NASDAQ: SBUX) updated investors on plans to launch NFTs along with its quarterly earnings this week....

Shares of pop culture collectibles company Funko Inc (NASDAQ: FNKO) are rocketing higher after announcing first-quarter earnings and a new investment What Happened: Funko reported first-quarter sales of $308.3 million, up 63% year-over-year and ahead of a $271.99 million consensus estimate,...

A professional basketball league co-founded by rapper Ice Cube announced a way for fans and investors to purchase teams. That news led to Dogecoin (CRYPTO: DOGE) and Solana (CRYPTO: SOL) being involved in several large transactions for teams. Here’s the latest. What Happened: Technology and...

The world’s richest man has been a vocal opposer of non-fungible tokens. Has Elon Musk been trolling everyone this whole time as the owner of a large amount of popular NFTs or is he trolling us once again Wednesday morning by right-click saving? What Happened: The Tesla Inc (NASDAQ: TSLA) CEO...

A mobile animation app announced new investors Wednesday as it grows its platform, bringing non-fungible tokens to life. What Happened: Mobile app immi allows users to create animated characters based on NFTs using their facial expressions. The app, which launched Wednesday in the iOS app store...

Holders of certain NFTs from a Gary Vaynerchuk backed project are getting an exclusive offering from a leading liquor brand. What Happened: VaynerNFT announced a partnership with Johnnie Walker, a brand owned by Diageo Plc (NYSE: DEO). The exclusive offering will be available to holders of the...

By John Smith If someone said that a digital picture (in JPEG format) was sold for around 70 million dollars a few years back, would you believe them? Probably not! You will surely laugh! But ever since 2017, there has been a lot of hype in the NFT industry. NBA players sell collectibles, artists...

Global asset manager VanEck announced the launch of a new non-fungible token collection. Here are the details. What Happened: VanEck is launching VanEck Community NFTs, a collection of 1,000 non-fungible tokens that will provide exclusive and early access to events and research. The NFTs will be...