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.

Myria Reveals its Blockchain Gaming-Focused Ethereum Layer 2 Scaling Solution
Myria Reveals its Blockchain Gaming-Focused Ethereum Layer 2 Scaling Solution

Myria, a L2 scaling solution based on Ethereum, announced the introduction of its long-awaited blockchain gaming-focused ETH L2 scaling solution.

August 30, 2022
Microsoft Gaming Executive ‘Phil Spencer’ Shares his Stance About the Metaverse and NFTs
Microsoft Gaming Executive ‘Phil Spencer’ Shares his Stance About the Metaverse and NFTs

Microsoft Gaming is famous for maintaining a harsh response towards the inclusion of Non-Fungible Tokens (NFTs) in the gaming verse.

By Umair
August 28, 2022
Axie Infinity Launches Season 0 on Its Way to Phase 3
Axie Infinity Launches Season 0 on Its Way to Phase 3

Axie Infinity’s latest roadmap mentions that the beginning of Origin Season 0 indicates its move into the third (3rd) phase.

By Umair
August 27, 2022
Flare Network Collaborates with Pawnfi to Unlock Non-Standard Assets on Flare
Flare Network Collaborates with Pawnfi to Unlock Non-Standard Assets on Flare

Pawnfi and Flare Network, a new blockchain which links everything, are working together to enable Non-Standard Assets (NSA) to be used on Flare.

August 25, 2022
NFTs of $100 Million Worth Drained during Previous Year, BAYC Targeted Mostly
NFTs of $100 Million Worth Drained during Previous Year, BAYC Targeted Mostly

According to a recent report published by Elliptic, BAYC remained the most exploited NFTs collection in the past 12 months.

By Umair
August 25, 2022
Jambo Technology’s Web3 $30M Series A Led By Paradigm To Fulfill Africa’s Potential
Jambo Technology’s Web3 $30M Series A Led By Paradigm To Fulfill Africa’s Potential

Jambo, a Web3 user acquisition platform, has raised $30 million in a Series A funding round led by Paradigm. It will use these funds to improve its services.

August 25, 2022
3AC Liquidators Can Now Request Access to the NFT and Crypto Asset Records of the Fund
3AC Liquidators Can Now Request Access to the NFT and Crypto Asset Records of the Fund

In the case of future procedures, the strategy of the liquidators is to find out which assets, that are kept in Singapore, can be connected to 3AC.

By Umair
August 24, 2022
Leading On-Chain Social App Chingari Introduces The Pioneering Video NFT Marketplace Creator Cuts
Leading On-Chain Social App Chingari Introduces The Pioneering Video NFT Marketplace Creator Cuts

Chingari, the world’s most rapidly expanding blockchain-based social platform, announced the release of its new product, Creator Cuts.

August 23, 2022
Nike Successful in Gathering $185M Proceeds by Selling NFTs
Nike Successful in Gathering $185M Proceeds by Selling NFTs

At a time when NFT projects are running short on profits, Nike grabs $185 million by selling its non-fungible tokens (NFTs).

By Umair
August 23, 2022
INDEX GAME Pursues Enhancing Metaverse Experiences with The Sandbox’s Investment of up to US$1.7M
INDEX GAME Pursues Enhancing Metaverse Experiences with The Sandbox’s Investment of up to US$1.7M

INDEX Game is stepping in the Metaverse with the support of The Sandbox as it is injecting $1.7m for Metaverse, NFT and Web3 ventures.

By Umair
August 22, 2022
The Ethereum Floor Price of Bored Ape Yacht Club NFTs Decline to 8-Month Low
The Ethereum Floor Price of Bored Ape Yacht Club NFTs Decline to 8-Month Low

Bored Ape Yacht Club is facing an alarming decline in its Ethereum floor price since the beginning of this year and the situation is getting worse.

By Umair
August 20, 2022
PlayNFT Unveils Ripple XRPL Grant Supported NFT Utility Marketplace for Twitch & YouTube Creators
PlayNFT Unveils Ripple XRPL Grant Supported NFT Utility Marketplace for Twitch & YouTube Creators

PlayNFT is a network for NFTs that recently created a marketplace for Twitch and YouTube streamers to create customized NFTs.

August 17, 2022