NFT News
Coverage of NFTs, digital collectibles and creator economies. Each article is summarised by AI into a concise overview of 30 words or fewer.

Record Trading Volumes Observed in Prediction Markets, Says Magic Eden Co-Founder
Magic Eden's co-founder reports unprecedented trading volumes in prediction markets, with $814.2 million in trades recorded on platforms like Kalshi and Polymarket. This surge highlights a growing interest in speculative trading, marking a notable trend in the market dynamics.

Animoca Acquires Somo Amid Rising NFT Market Activity in Early 2026
Animoca has acquired Somo as the NFT market experiences a short-term increase in prices and trading activity early in 2026. This acquisition reflects the current trends in the market, indicating a resurgence in interest and engagement with non-fungible tokens.

NFT Paris Cancellation Highlights Challenges in the Current NFT Market
The cancellation of NFT Paris reflects evolving dynamics within the NFT market, including decreased sponsorship support and lower transaction volumes. This situation underscores the changing landscape anticipated in 2026, providing insights into the future of the sector.

Nike sells RTFKT amid market pressures and after closing digital collectibles unit
Nike has reportedly sold RTFKT, following the closure of its digital collectibles unit. This decision comes amidst ongoing market pressures affecting the NFT sector, and it follows a recent lawsuit involving investors.

Flow Exploit Results in $3.9M Losses from Counterfeit Tokens in December
In December, a flaw in the Flow protocol allowed for the duplication of assets instead of their intended minting. This led to a halt in the network and initiated a recovery process led by governance to address the issue, ultimately resulting in losses amounting to $3.9 million.

NFT Paris Cancels Conferences Due to Significant Market Decline
NFT Paris has cancelled its conferences following a notable drop in total NFT market capitalisation. The market fell from approximately $9 billion in January 2025 to just over $2.7 billion in 2026, impacting the event's viability.

