Bitcoin News Australia

gm Bankless Nation,
Memecoins may have stolen the show this year, but a number of big innovations still pushed NFTs forward in 2024.

Today's Issue

1. Culture News: DOJ Charges Duo
   It's the biggest NFT prosecution yet.
2. Analysis: 10 NFT Highlights
   What pushed NFTs forward in 2024.

— WMP

p.s. The Bankless Analyst Squad will be taking a couple days off for the holidays; see you back here on Friday!

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1. DOJ Charges 2 Men in $22M NFT Rug. On Friday, the DOJ charged 2 California men with fraud over what was said to be the biggest NFT scheme prosecuted to date covering multiple projects including Vault of Gems.
2. Doodles Surge After Token Tease. Projects associated with the NFT project Doodles are the week's biggest gainers with both Doodles and Space Doodles surging nearly 50% this week.
3. Forkast to Launch on Ronin. Crypto startup Community Gaming announced Monday that its gaming predictions market Forkast will launch on the Ronin chain.

2024 was a comeback year for NFTs. Sure, things started off slow for the first three quarters, during which NFT market activity mostly declined as memecoins dominated.

But over the past couple of months, we've seen interest and activity surge here again, driven by renewed optimism around the broader prospects of the NFT ecosystem in 2025.

Yet just because 2024 began as a quieter year doesn't mean that it had any shortage of NFT highlights. Builders kept building, creators kept creating, and collectors kept collecting, leading to new minting records.

Let's look back on some of the standout happenings in NFTs over the past year to reflect on the developments that helped define onchain culture in 2024!

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