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.

IRISnet Mainnet 2.1 Upgrade Brings Interchain NFTs in 2024
IRISnet Mainnet 2.1 Upgrade Brings Interchain NFTs in 2024

The IRISnet Mainnet 2.1 upgrade introduces a standout feature – integrating the NFT-transfer module, bringing Interchain NFT functionality.

By Umair
December 15, 2023
OKX Tops Dapp Radar Rankings in NFT Market
OKX Tops Dapp Radar Rankings in NFT Market

This recognition validates the widespread acceptance and enthusiastic participation of OKX in the ever-changing NFT market.

By Umair
December 14, 2023
Enjin Migrates 200 Million NFTs from Ethereum to Enjin Blockchain
Enjin Migrates 200 Million NFTs from Ethereum to Enjin Blockchain

Enjin’s historic migration of 200 million NFTs from Ethereum to its blockchain revolutionizes Web3 gaming and NFT efficiency.

December 11, 2023
South Korea Strengthens Virtual Asset Regulations for User Protection
South Korea Strengthens Virtual Asset Regulations for User Protection

South Korea strengthens virtual asset regulations with the new Virtual Asset User Protection Act, expected to take effect on July 19, 2024.

December 11, 2023
Ontology Launches Exclusive 6th Anniversary Celebration NFT Campaign
Ontology Launches Exclusive 6th Anniversary Celebration NFT Campaign

Ontology marks its 6th anniversary with an exclusive NFT campaign, celebrating years of innovation in decentralized identity solutions and Web3 technologies.

December 1, 2023
Cristiano Ronaldo in Legal Jeopardy Amid Binance NFT Endorsements
Cristiano Ronaldo in Legal Jeopardy Amid Binance NFT Endorsements

Legal turmoil surrounds soccer icon Cristiano Ronaldo as a class-action complaint alleges promotion unregistered securities in Binance partnership.

November 29, 2023
Binance Labs’ Strategic Investment in Open Campus for Revolutionizing Web3 Education
Binance Labs’ Strategic Investment in Open Campus for Revolutionizing Web3 Education

Explore Binance Labs’ role in transforming Web3 education with Open Campus, promoting tokenized content and democratizing learning through Publisher NFTs.

November 27, 2023
RocketX Unveils Beta Version of Multichain Crypto Swap API
RocketX Unveils Beta Version of Multichain Crypto Swap API

Explore RocketX’s beta launch of its multichain crypto swap API, offering seamless integration for dApps with cross-chain capabilities and vast liquidity.

November 25, 2023
Game Changer: LILLIUS Teams Up with Chiliz to Elevate Sports with Blockchain Tech
Game Changer: LILLIUS Teams Up with Chiliz to Elevate Sports with Blockchain Tech

In a development for the sports-exercise blockchain domain, LILLIUS, a leader in AI sports challenge platforms, has joined forces with Chiliz.

November 17, 2023
Unlocking the Digital Future with OMI Crypto: A Dive into ECOMI’s VeVe Universe
Unlocking the Digital Future with OMI Crypto: A Dive into ECOMI’s VeVe Universe

From the origins of ECOMI and OMI crypto to the VeVe platform, explore the key aspects that make this project a significant player in the crypto and NFT space.

November 9, 2023
NFTs Take Springfield in The Simpsons’ Latest Episode
NFTs Take Springfield in The Simpsons’ Latest Episode

The Simpsons latest episode delves into NFTs, comically navigating Bart’s transformation into an NFT, cleverly satirizing the cryptocurrency craze.

November 6, 2023
Yuga Labs and Magic Eden Partner for Magic Eden ETH Marketplace
Yuga Labs and Magic Eden Partner for Magic Eden ETH Marketplace

Yuga Labs and Magic Eden are joining forces to introduce ETH marketplace. This marketplace will formally protect creative royalties.

By Umair
November 4, 2023