NFT News

BlockchainReporter’s NFT section covers non-fungible tokens and the platforms that trade them: marketplace reviews, fees, major collections, weekly sales and the companies building on NFTs. The market has shrunk sharply since its 2021 and 2022 peak, and 2026 brought marketplace shutdowns and pivots alongside new uses such as tokenized collectibles.

An NFT is a unique token on a blockchain that records ownership of a digital or physical item, such as art, a collectible card or a game asset. Most NFT trading takes place on Ethereum, Solana and Bitcoin, through marketplaces such as OpenSea and Magic Eden.

What We Cover in NFT News

Before buying an NFT, check the collection’s contract address on the marketplace, trading volume and the creator’s royalty and fee terms, and remember that most NFTs have little or no resale market.

Frequently Asked Questions

Are NFTs dead in 2026?
NFTs are not dead, but the market is far smaller than at its 2021 and 2022 peak. In 2026, Blur announced it would shut its marketplace website after volumes fell about 99%, NFT lender NFTfi closed, and OpenSea expanded into other products. Trading has shifted toward tokenized collectibles, such as trading cards, and a smaller set of established collections.

What is the best NFT marketplace?
It depends on the blockchain. OpenSea supports many chains and remains the best-known marketplace, Magic Eden focuses on Solana, and specialist platforms serve tokenized collectibles. Compare marketplace fees, creator royalties, supported chains and liquidity for the collection you want. Our reviews of OpenSea, Magic Eden and Blur compare fees and features in detail.

How do NFT marketplace fees work?
Most marketplaces charge a fee on each sale, paid by the seller, and may pass on a creator royalty set by the collection. Buyers also pay blockchain network fees, which are higher on Ethereum than on Solana or layer-2 networks. Fees change often, so check the marketplace’s current fee page before listing or buying an NFT.

Top 5 NFT Collections This Week: Solana Monkey Leads the Surge
Top 5 NFT Collections This Week: Solana Monkey Leads the Surge

As per the market data, in the top five NFT collections, Solana Monkey has the top spot with a remarkable increase in its sales volume.

By Umair
July 20, 2024
Somnia Launches Playground to Enable Creators Host and Develop Metaverse Experiences
Somnia Launches Playground to Enable Creators Host and Develop Metaverse Experiences

Somnia is launching Playground which is an imaginative app to provide convenience for the hosting and development of metaverse experiences.

By Umair
July 18, 2024
Sovereign Nature Initiative Releases DOTphin for Constructive Environment Impact
Sovereign Nature Initiative Releases DOTphin for Constructive Environment Impact

DOTphin project by Sovereign Nature utilizes non-fungible tokens (NFTs) to promote environmental conservation, especially the marine life.

By Umair
July 9, 2024
Virtual Reality Meets Anime: The Sandbox Announces Thrilling New ‘Attack on Titan’ Experience
Virtual Reality Meets Anime: The Sandbox Announces Thrilling New ‘Attack on Titan’ Experience

The Sandbox, known for its immersive virtual world has announced a new partnership with the renowned anime series “Attack on Titan.” 

July 9, 2024
Weekly Top 10 NFT Sales: Pudgy Penguins Leads the Market
Weekly Top 10 NFT Sales: Pudgy Penguins Leads the Market

CryptoSlam pointed out that Pudgy Penguins topped NFT sales with $3,402,410 worth of sales during the recent seven days.

By Umair
July 8, 2024
Chibi Clash Launches Kingdoms Alliance Event
Chibi Clash Launches Kingdoms Alliance Event

Chibi Clash has launched its anticipated Kingdoms Alliance Event scheduled to unfold from July 2nd to July 22nd with attractive rewards.

By Umair
July 3, 2024
Top 10 Non-Fungible Token Collections in Terms of Sales Volume This Week
Top 10 Non-Fungible Token Collections in Terms of Sales Volume This Week

As per the exclusive non-fungible token data, CryptoPunks has maintained its top spot with a sales volume of up to $5,716,510 worth.

By Umair
June 29, 2024
Avalanche Welcomes ‘Solo Leveling’: A New Dawn for NFT Gaming and Collectibles
Avalanche Welcomes ‘Solo Leveling’: A New Dawn for NFT Gaming and Collectibles

The digital realm of collectibles is witnessing a revolutionary shift with the entry of “Solo Leveling: Unlimited,” a new NFT platform.

June 26, 2024
Coin98 Super Wallet’s Strategic Alliance with Mint Blockchain to Empower Global NFT Users
Coin98 Super Wallet’s Strategic Alliance with Mint Blockchain to Empower Global NFT Users

Coin98 Super Wallet has announced its integration with Mint Blockchain, a Layer 2 solution crafted specifically for the burgeoning NFT market.

June 25, 2024
Enjin Partners with Crypto Rabbit Hole to Blend Board Games with Blockchain
Enjin Partners with Crypto Rabbit Hole to Blend Board Games with Blockchain

This collaboration aims to enhance user engagement. It will also increase digital asset ownership through robust blockchain solutions of Enjin.

By Umair
June 25, 2024
Floor Protocol Announces V2 Beta for NFT Index and Yield Earning
Floor Protocol Announces V2 Beta for NFT Index and Yield Earning

Floor Protocol has announced the launch of its V2 beta. This move is meant to give users an easy access to their V1 assets.

By Umair
June 24, 2024
Top 10 NFT Projects This Week in Terms of Sales
Top 10 NFT Projects This Week in Terms of Sales

The NFT sales have gone through a significant upsurge in this week. The latest statistics point out CryptoPunks to be the top NFT in terms of sales.

By Umair
June 24, 2024