Why did NFT shut down?

There was no specific reason given for the shutdown, but the Wall Street Journal wrote “NFT Sales Are Flatlining” on May 3rd of this year, and things haven’t improved since. On the other hand, Vault by CNN did manage to last about 16 times as long as the CNN Plus streaming effort that launched in March and died exactly one month later.

Should you buy a CNN NFT if you're a collector?

The news network has sparked outrage among collectors who paid thousands for non-fungible tokens sold by Vault, CNN’s own NFT marketplace, which was set up in 2021 to “offer collectors the opportunity to own a piece of history.” Investors could pay for digital ownership of CNN news reports or artistic interpretations.

Are NFTS a good investment?

However, while CNN did reportedly earn over $300,000 from sales, the values of NFTs have declined, and investing in them is not as popular as it once was. Bloomberg, citing data from Dune Analytics, recently reported that non-fungible token trading in September has returned to pre-bubble levels, with monthly volume falling 97% from a January peak.

Did UFC strike NFT pause Pack drops?

Just a few days ago, Lucky Trader reported that the UFC Strike NFT marketplace that also runs on Flow paused pack drops and credited recent buyers with partial refunds after a user apparently exploited several recent drops to obtain rare items.