
Magic Eden to refund users who bought fake NFTs via its platform
The platform said the exploit affected only 4 NFT collections through which users bought 25 NFTs.
Read NFT news covering collections, marketplaces, creator tools, tokenized media, and the shifting role of digital ownership in Web3.

NFT collections Otherdeeds, BAYC, and MAYC made $49.9 million, $32.3 million, and $25.6 million in royalties in 2022, respectively.

The marketplace is at 33% dominance as its NFT transfer count falls by 25% in 2022.

At the beginning of the year, when the crypto market was red hot, it was extremely tough to understand what was going on in the NFT industry.

The transaction volume of the NFT collection is currently 1,534 ETH.

Institutions and individuals will also be able to access rights protection monitoring and copyright protection services through the NFT trading platform.

The current NFT total market cap is around $10 billion, which is 50% less than the total market cap in December 2021.



