At least 86 crypto projects shut down or began winding down by March 20, spanning wallets, NFT platforms, and DeFi. Meanwhile, capital is not leaving crypto but rotating into spot Bitcoin ETFs, stablecoins, and tokenized real-world assets, signaling a more institutional and compliance-focused market.
More than 86 crypto projects shut down or began winding down in Q1, spanning wallets, NFT platforms, DeFi, and governance tools. Meanwhile, capital is not leaving crypto but rotating toward Bitcoin ETFs, stablecoins, and tokenized real-world assets with clearer regulation and stronger institutional demand.
Magic Eden has acquired cross-chain trading app Slingshot as it moves beyond NFTs into broader on-chain token trading. Slingshot will remain independent, while its chain-abstracted trading experience could help Magic Eden compete more directly with centralized exchanges.
Magic Eden has acquired cross-chain trading app Slingshot, aiming to expand beyond NFTs into broader on-chain token trading. The move comes as NFT volumes decline and highlights a strategic push toward simpler, chain-abstracted trading experiences.
Magic Eden is shutting down its Bitcoin Ordinals, Runes and EVM NFT marketplaces, while sunsetting its multichain wallet to refocus on Solana NFTs and its new crypto gambling platform Dicey. The move may improve cost efficiency but raises fresh questions around ME token value and future growth.
Magic Eden is winding down its Bitcoin Ordinals, Runes and EVM NFT businesses, while shutting its multi-chain wallet to focus on Solana NFTs and the Dicey iGaming platform. The move reflects cost-revenue imbalance and raises fresh questions over ME token value and platform strategy.
Bitmap Theory is gaining traction by using Ordinals to turn Bitcoin blocks into claimable digital land. With a valuation near $235 million and a gain of over 5,500% in two months, it has become a standout story in the Bitcoin NFT and metaverse space.
Bitmap Theory is gaining traction by turning Bitcoin blocks into claimable digital land through Ordinals. With a market cap near $235 million and a 5,500% rise in two months, it has become a standout project in the Bitcoin metaverse narrative.
