CryptoSlam
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Bitcoin Ordinals NFTs Face Steep Decline in Activity 📉
Bitcoin #Ordinals NFTs have seen a sharp drop in trading volumes and user engagement, with sales volume plummeting from $452 million in May to $3 million in August, accompanied by a 97% decrease in transactions.
DappRadar’s report attributes this to waning confidence in Bitcoin NFTs. Unlike #Ethereum , the Bitcoin community is divided on NFTs’ role.
While Ethereum and other blockchains don't face this issue, Bitcoin's future as an NFT player depends on whether it can find a place in the evolving NFT landscape or revert to being primarily a store of value.
Currently, #CryptoSlam data shows Bitcoin ranks seventh in NFT sales, with $14.6 million from 21,989 buyers in the past 30 days.
#Binance
#crypto2023
Bitcoin #Ordinals NFTs have seen a sharp drop in trading volumes and user engagement, with sales volume plummeting from $452 million in May to $3 million in August, accompanied by a 97% decrease in transactions.
DappRadar’s report attributes this to waning confidence in Bitcoin NFTs. Unlike #Ethereum , the Bitcoin community is divided on NFTs’ role.
While Ethereum and other blockchains don't face this issue, Bitcoin's future as an NFT player depends on whether it can find a place in the evolving NFT landscape or revert to being primarily a store of value.
Currently, #CryptoSlam data shows Bitcoin ranks seventh in NFT sales, with $14.6 million from 21,989 buyers in the past 30 days.
#Binance
#crypto2023
Forkast Cuts Majority of Editorial Staff After CryptoSlam Merger.
Forkast Labs has laid off a majority of its editorial staff after completing a merger with data provider CryptoSlam.
According to sources cited by The Block, the crypto news site underwent a series of layoffs throughout the year, leading to the eventual decision to suspend editorial operations by the end of November.
In January, Forkast.News merged with CryptoSlam to form a “Web3-focused data intelligence and media platform” under the new brand Forkast Labs. However, the crypto news site seems to have ceased publishing articles and video content last month, with the latest article dated November 22.
“Forkast.News is now Forkast Labs,” the website currently says.
“The majority of editorial operations have been incorporated into Forkast Labs as a result of the merger between Forkast and CryptoSlam earlier this year,” according to an internal memo the company shared with its staff last month. “There will be an increased focus on the data side going forward.”
CryptoSlam, a non-fungible token data tracker, was established in 2018 and secured $9 million in funding in January 2022, with Animoca Brands leading the investment round. The merger between CryptoSlam and Forkast.News was orchestrated by Yat Siu, founder and executive chairman of Animoca, as reported by Bloomberg in January. Forkast.News is also part of the Animoca portfolio.
Founded in 2018, Forekast.News previously raised a $1.7 million seed round in 2021.
CoinDesk, another crypto news outlet, underwent significant restructuring by laying off 45% of its editorial staff in August. Subsequently, it was sold to Bullish, a crypto exchange led by former New York Stock Exchange President Tom Farley, in an all-cash deal last month.
#Forkast.News #Forkast #Coindesk #CryptoSlam #BinanceSquare
$BTC $ETH $BNB
Forkast Labs has laid off a majority of its editorial staff after completing a merger with data provider CryptoSlam.
According to sources cited by The Block, the crypto news site underwent a series of layoffs throughout the year, leading to the eventual decision to suspend editorial operations by the end of November.
In January, Forkast.News merged with CryptoSlam to form a “Web3-focused data intelligence and media platform” under the new brand Forkast Labs. However, the crypto news site seems to have ceased publishing articles and video content last month, with the latest article dated November 22.
“Forkast.News is now Forkast Labs,” the website currently says.
“The majority of editorial operations have been incorporated into Forkast Labs as a result of the merger between Forkast and CryptoSlam earlier this year,” according to an internal memo the company shared with its staff last month. “There will be an increased focus on the data side going forward.”
CryptoSlam, a non-fungible token data tracker, was established in 2018 and secured $9 million in funding in January 2022, with Animoca Brands leading the investment round. The merger between CryptoSlam and Forkast.News was orchestrated by Yat Siu, founder and executive chairman of Animoca, as reported by Bloomberg in January. Forkast.News is also part of the Animoca portfolio.
Founded in 2018, Forekast.News previously raised a $1.7 million seed round in 2021.
CoinDesk, another crypto news outlet, underwent significant restructuring by laying off 45% of its editorial staff in August. Subsequently, it was sold to Bullish, a crypto exchange led by former New York Stock Exchange President Tom Farley, in an all-cash deal last month.
#Forkast.News #Forkast #Coindesk #CryptoSlam #BinanceSquare
$BTC $ETH $BNB
Bitcoin NFTs Shine Despite Crypto Market Slump
While the #NFT market slumped 54% in May, Bitcoin NFTs defied the trend, hitting a record $4 billion in sales by June 4th (#CryptoSlam ). This includes wash trading. Bitcoin NFTs even led monthly sales with $171 million, surpassing Ethereum and Solana. However, Ethereum remains king with $43.8 billion in all-time sales compared to Bitcoin's $4 billion. Even Bitcoin NFTs felt the broader market chill, with sales down 68% in May. #BitcoinNFTs #OrdinalsNFT
While the #NFT market slumped 54% in May, Bitcoin NFTs defied the trend, hitting a record $4 billion in sales by June 4th (#CryptoSlam ). This includes wash trading. Bitcoin NFTs even led monthly sales with $171 million, surpassing Ethereum and Solana. However, Ethereum remains king with $43.8 billion in all-time sales compared to Bitcoin's $4 billion. Even Bitcoin NFTs felt the broader market chill, with sales down 68% in May. #BitcoinNFTs #OrdinalsNFT
