Features News Daily TheBitTimes.com

The global non-fungible token sector is experiencing a comeback, marked by a spike in trading sale volume. In the past 24 hours, the global NFT market has raised a trading sales volume of $30 million, up over 43% from the previous day. This NFT resurgence is fueled by a mix of factors, including a broadening of use cases beyond just digital art, such as ticketing, gaming, and loyalty programs. Daily NFT Sales Jump +43% To $30M Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a non-fungible token collections explorer tracking non-fungible token collections from 20 blockchain networks, shows that the global non-fungible token market has significantly surged in trading sales volume. In the past 24 hours, the NFT market has raised a trading sales volume of $30 million. During this time, the NFT trading sales volume has surged by 43% from the previous day. Ethereum, the flagship blockchain for non-fungible tokens, is again the most traded blockchain netw...

Yuga Labs, a digital asset incubation studio and the company behind the globally acknowledged Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token series, has suffered a mild blow this week after a United States Court of Appeal overturned its initial court ruling against the digital artist Ryder Ripps and his business partner Jeremy Cahen over their alleged counterfeits trading of NFTs. US Judge Overturns Yuga Labs’ $8.8M NFT Case In a July 23 publication, Reuters confirmed that the United States Court of Appeals has overturned the initial court ruling against the Bored Ape Yacht Club non-fungible token series maker Yuga Labs and the digital artist Ryder Ripps and his business partner Jeremy Cahen. In response to the court ruling, the Bored Ape Yacht Club floor price has slightly plunged, falling by 1.3% from the past day. Founded in 2021, Yuga Labs is a renowned blockchain technology company, focusing on digital collectibles, metaverse development, and the interse...