• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: New Pro-Crypto Plan Unveiled By SEC And CFTC: Could Traditional Markets Go 24/7?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: New Pro-Crypto Plan Unveiled By SEC And CFTC: Could Traditional Markets Go 24/7?
NFTs In A Nutshell

NFTs In A Nutshell: A Weekly Review

Taylor Scott
by Taylor Scott
3 years ago
·
Posted in NFT
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

GameStop’s new NFT marketplace has done better numbers in less than a week than Coinbase’s NFT marketplace has done to date, KIA is the latest car manufacturer to explore NFTs, and Snapchat joins the growing ranks of social media platforms that are seeking NFT integration in some capacity.

Each weekend, we review stories like these that have led the charge in NFT chatter throughout the past week. Let’s review all the action from mid-July and take a look at last week’s NFT news.

This Week’s Non-Fungible Token News

GameStop’s NFT Marketplace Goes Live In Beta

GameStop launched the beta version of their new non-fungible token marketplace this week, and despite a crowded marketplace landscape filled with plenty of noise, GameStop has still found solid footing in it’s early days.

In the first two days of active trading, the marketplace recorded nearly $4M in sales, which dwarfs in comparison to the likes of OpenSea but is roughly double the number recorded from Coinbase’s NFT marketplace to date.

KIA Rolls Out NFTs

Automotive firms haven’t been the most foreign players in the space thus far, as a handful of brands such as Porsche and Lamborghini have gotten involved. Last week, KIA joined the mix with a new brand campaign in the U.S.

Centered around the manufacturer’s Soul model, users will be able to obtain NFTs by scanning a QR code that can be seen in a 30-second spot on broadcast TV. Roughly 10,000 of the tokens will be minted.

Non-fungible tokens for automotive brands have seen a variety of results, from last year’s 30ETH Porsche sketch sale, to a massively disappointing Corvette campaign that was recently released by Chevrolet. The custom Corvette Z06 release was a flop by all means of the word, and a Chevy rep described the experience as “very educational.”

Snapchat Joins Social Media Monsters To Play In NFT Space

Lions, tigers and bears… Reddit, Twitter, Instagram and Snapchat? Oh my. Social media platforms are another major set of firms to get engaged with non-fungible tokens and crypto at large. It’s the latter of the bunch, Snapchat, that is making the latest waves, testing a new feature that would integrate user NFTs into AR ‘Snap Lenses’. The feature is currently in development and could be released as early as next month.

Twitter has previously released hexagonal profile pictures, Instagram is working on active integration, and Reddit has been working on profile pic-esque features for non-fungible tokens, too.

OpenSea Lays Off 20% Of Workforce

Layoffs have been a heavy hit in the crypto market during this year’s bear market, as many exchanges have cut headcount and plenty of projects have been taking major hits. Look no further than marketplace mainstay OpenSea, who announced this past week that one in every five employees at the company would be let go. Macroeconomic factors and global unrest have been cited as major pain points leading to the layoffs, with the company pledging to make a variety of efforts to try to support former employees.

Related Reading | Decentralized Credit Counter Cred Protocol Releases Automated Scoring Results

Ripple isn't often associated with NFTs, but makes a showing in this week's Nutshell following the acquisition of financing platform Supermojo. | Source: XRP-USD on TradingView.com

Ripple Invests In ‘Buy Now, Pay Later’ NFT Platform

Ripple is a rare mention in the Nutshell, but makes an appearance this week with the acquisition of NFT financing platform Supermojo. The platform aims to build a “seamless, intuitive, and accessible NFT purchasing, financing, and custody experience” for the next generation of users.

CryptoPunks Continue Strong Performance, A $2.5M+ Sale This Week

Despite a relatively sluggish market, a variety of blue-chip projects have still maintained their status and financial positioning relatively well to the rest of the market. Exhibit A is powerhouse project CryptoPunks, which saw a ~$2.6M sale (2,500 ETH) this past week – the seventh largest CryptoPunk sale in the project’s five-year history.

In the midst of the bear market, major blue chips have persevered while smaller, tier 2 and below projects have taken on the lion’s share of the carnage.

Rarible Co-Founder: Can NFTs Develop Into Media Companies?

Are blue chip projects like Bored Ape Yacht Club and CryptoPunks the next Disneys of the world? Rarible co-founder Alex Salnikov, in an interview with TechCrunch, believes that “NFT collections will evolve as media companies [into something] like Disney.”

Related Reading | Crypto Exchange Bit2Me Decides To Salvage 2gether Customers After The Account Block

Featured image from Pexels, Charts from TradingView.com

The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Taylor Scott

Taylor Scott

Follow

Taylor specializes in crypto activity across sports and entertainment. With nearly a decade of engagement with cryptocurrency, Taylor has spent several years working in talent representation with musicians, comedians, and speakers, and achieved a Sports Business MBA in 2020.

Full Profile

Related Posts

NFT

Decentralized Defense? NFT Group Targets Cold War Nuclear Bunker Buy

4 months ago
nft

Mutant Ape NFT Creator To Forgo $1.4 Million, Escapes Jail Time

10 months ago
NFTs BAYC Punks MAYC OpenSea Binance Bitcoin

NFT Market Down 92%, Analyst Thinks This Is The Best Time To Invest

10 months ago
NFT

NFT Market Crashes: 95% Of Assets Become Worthless

1 year ago
Yuga Labs

Yuga Labs Announces Another Company Restructuring And Layoff In 6 Months

1 year ago
NFT

NFT Market Resurgence: Investors And Creators Rekindle Interest In Digital Assets: Report

1 year ago
Please login to join discussion

Premium Sponsors

Press Releases

  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    30 minutes ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    38 minutes ago
  • miner

    Cardano (ADA) Market Outlook: Long-term Potential Passive...

    55 minutes ago
  • etnminer

    How to Play to Earn Crypto in 2025: Discover 6 Most...

    6 hours ago
  • miner

    BAY Miner Cloud Mining App Launches with ETH and BTC Users...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.