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.

TrustBit Joins Forces with REI Network to Unite Blockchain Advancement
TrustBit Joins Forces with REI Network to Unite Blockchain Advancement

The initiative is focused on enhancing blockchain innovation. TrustBit is determined to offer a friendly and cost-effective blockchain agenda.

By Umair
June 1, 2023
AmazeWallet Partners with 1inch Network to Revolutionize Web3 Experience
AmazeWallet Partners with 1inch Network to Revolutionize Web3 Experience

Users will have easy access to the best market-available token trading prices because of the integration of 1inch Network’s API into AmazeWallet.

By Umair
May 31, 2023
GameFi Platform Cheelee Unveils New Feature Allowing Users to Purchase NFTs With Fiat
GameFi Platform Cheelee Unveils New Feature Allowing Users to Purchase NFTs With Fiat

Cheelee, the popular short video platform, has unveiled an exciting feature that allows users to purchase NFTs using traditional fiat currency. 

May 29, 2023
Blocktrade Secures €4.5M in Funding Ahead of BTEX Token Sale Public Round
Blocktrade Secures €4.5M in Funding Ahead of BTEX Token Sale Public Round

Blocktrade raises €4.5M in funding before BTEX token sale public round with overwhelming support from over 1400 community members across 42 countries.

May 29, 2023
Binance NFT Introduces Groundbreaking NFT Loan Option
Binance NFT Introduces Groundbreaking NFT Loan Option

You can now unlock the value of your NFTs with Binance NFT’s groundbreaking loan option. It is a one-stop shop for NFT trading and financial services.

May 25, 2023
Chainlink VRF Integration by Earn Alliance Boosts Genesis NFT Mint for Last Remains
Chainlink VRF Integration by Earn Alliance Boosts Genesis NFT Mint for Last Remains

Earn Alliance leverages Chainlink’s Verifiable Random Function (VRF) to ensure fair and transparent Genesis NFT minting for the game Last Remains.

May 19, 2023
X2Y2 Introduces NFT Lending Protocol Named X2Y2 Fi
X2Y2 Introduces NFT Lending Protocol Named X2Y2 Fi

The primary function of the latest protocol by X2Y2 will be the borrowing, refinancing, as well as lending of non-fungible tokens (NFTs).

By Umair
May 18, 2023
Axie Infinity Launches New Game on Apple App Store, Expands User Base
Axie Infinity Launches New Game on Apple App Store, Expands User Base

Play-to-earn (P2E) crypto game Axie Infinity’s creator Sky Mavis has taken a significant step by launching the card game called Axie Infinity: Origins.

By Umair
May 17, 2023
Milady Meme Coin (LADYS) Enables Cross-Chain Compatibility with LADYS Token Bridge
Milady Meme Coin (LADYS) Enables Cross-Chain Compatibility with LADYS Token Bridge

Milady users have been informed that its local token can be bridged between Ethereum as well as the well-known L2 scaling solution Arbitrum.

By Umair
May 15, 2023
Japan’s JR Kyushu Leverages Astar Network to Launch NFTs, Elevating Customer Engagement
Japan’s JR Kyushu Leverages Astar Network to Launch NFTs, Elevating Customer Engagement

Japan’s Kyushu Railway Company (JR Kyushu) plans to launch NFTs on the Astar Network, forging stronger customer bonds and enhanced user engagement.

May 11, 2023
MultiversX Deploys Multiple Products from JewelSwap to Improve NFT Value and Utility
MultiversX Deploys Multiple Products from JewelSwap to Improve NFT Value and Utility

MultiversX additionally noted that this development will play a significant role in bringing about an expansion in the opportunities related to DeFi.

By Umair
May 11, 2023
TABOO Secures $10M Investment to Expand Innovative Blockchain Platform
TABOO Secures $10M Investment to Expand Innovative Blockchain Platform

TABOO has become the talk of the town with its latest announcement of securing a $10M investment, valued at an impressive $250M.

May 10, 2023