NFT

Pudgy Penguins ran animated visuals across the Las Vegas Sphere’s exterior, with the display going live on Christmas Eve, according to a post on X. The 2021-founded NFT project, acquired by Luca Netz in April 2022 for $2.5 million in Ether, has broadened into physical toys alongside digital collectibles.

In December 2025, the NFT market's total valuation fell to $2.5 billion, down 72% from the $9.2 billion peak recorded in January. Alongside the price weakness, unique buyers, sellers and transactions all declined, while most top NFT collections saw double-digit floor price drops over the past 30 days despite a few art-focused projects and Sports Rollbots showing relative resilience.

Pudgy Penguins’ PENGU token has fallen from $0.032 in August to about $0.0086, a 73.5% drawdown, while NFT sales volume for the collection slid 31.4% over the past month. Despite exchange outflows suggesting accumulation, recent breaks below $0.009 and $0.00855 point to further downside toward the $0.0054 and $0.0039 support zones identified on the long-term chart.

On December 20, 2025, the Museum of Modern Art added eight CryptoPunks to its permanent collection, recognizing the series' significance in digital and cultural history. According to CryptoPunks, the gift was facilitated by donors including Mara Calderon and ArtOnBlockchain, with additional contributions from collectors, and the collection continues to show steady market activity.

This explainer outlines the core terms new creators should learn before minting NFTs, covering wallets, smart contracts, royalties, gas fees, and token standards. It clarifies marketplace concepts like listings and floor price, plus safety topics such as phishing and rug pulls. Understanding this vocabulary helps first-time projects avoid costly missteps and launch with confidence.

CoinGecko's 2025 State of Memecoins Report says election-driven political tokens helped push the sector's market cap to a record $150.6 billion in December 2024 before a steep decline. By November 2025, memecoins had fallen below $40 billion and NFT sales volumes also slid to $320 million, while some industry figures still expect memecoins to return in a new form.

On Dec. 13, Binance founder Changpeng Zhao said in an X post that BNB Chain is seeing about 2.4 million daily users. Community commentators highlighted the network's efficiency and cited BscScan data showing cumulative addresses have climbed since 2020 and are nearing 700 million by December 2025. Commentators also noted high transaction throughput, low fees, and fast execution across DeFi and NFT activity.

NFT trading volumes fell sharply in 2025, with November sales at $320 million, 66% below January’s nearly $700 million. December opened even weaker. The broader NFT market cap is about $3 billion versus a $17 billion peak in 2022, though some blue-chip collections have preserved value.

Canada’s tax authority has stepped up crypto enforcement by focusing a probe on 2,500 Dapper Labs users linked to about C$72 million ($54 million) in suspected unpaid taxes, according to The Canadian Press. A court approved an “unnamed persons requirement” in September allowing officials to obtain user data. Despite recovering more than C$100 million through crypto audits over the past three years, the agency has not brought criminal charges in any crypto tax case since 2020.

The meme coin sector's market capitalization declined to $39.4 billion, down 66% from its January 5 peak of $116.7 billion. NFT valuations fell 43% over 30 days to $2.78 billion, the lowest level since April. Major tokens including Dogecoin, Shiba Inu, and Pepe recorded weekly losses exceeding 12%.