Magic Eden continues to dominate the NFT market, surpassing Blur and OpenSea. In August, trading volume was $122.47 million, accounting for 36.7% of the market. However, the company has faced criticism for splitting services for US users.

Rare CryptoPunk sells for $1.5 million despite NFT market downturn.

Blockchain advocates are calling on Congress to define NFTs as consumer goods and exempt them from securities laws. 📉