NFT marketplace OpenSea’s trading volume nosedives 99%. Is the bubble bursting?

September 6, 2022By rightstech

On August 28, OpenSea processed $9.34 million in NFT (non-fungible token) transactions, well below its May 1 peak of $2.7 billion, according to data from decentralized applications tracker DappRadar. The number of OpenSea users also plummeted to just 22,140 on Sunday (September 5) from nearly 60,000 in January, DappRadar data showed.

Source: NFT marketplace OpenSea’s trading volume nosedives 99%. Is the bubble bursting?

RightsTech Extra

The TikTok Follies

By Paul Sweeting

Congress has passed, and President Biden has now signed, a bill requiring ByteDance to sell TikTok to an American buyer or American-controlled company within 270 days (possibly extendable to a year), or face having the app banned from the U.S. Things are not likely to work out quite as neatly as that forced choice would have it. TikTok CEO Shou Zi Chew issued a defiant statement in response to the bill’s passage proclaiming “we aren’t going anywhere,” and vowing to challenge the law in court. “We are confident, and we will keep fighting for your rights in the courts,” he said. “The facts and the Constitution are on our side, and we expect to prevail again.”... Read More >>

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