PLBY Group (PLBY), the parent company of Hugh Hefner's Playboy, said it took an impairment loss of $4.9 million on the Ethereum it held last year, as crypto winter saw a significant decline in the broader market prices. The lifestyle and media company said that it accepted Ethereum as...
Illustration by Nick Barclay / The Vergenone Meta is “winding down” its work with NFTs on Facebook and Instagram, Meta commerce and fintech lead Stephane Kasriel said in a Twitter thread on Monday. The decision means Meta will end its tests ofminting and selling NFTs on Instagramas well as...
Starbucks Odyssey, the chain's Web3 loyalty program, released its first collection of 2,000 limited-edition NFTs called "Stamps" on Thursday. While still in beta, the Odyssey program is invitation-only and prompts members to complete activities, quizzes, and in-store purchases in order to earn...
Image: Starbucksnone It’s been more than a year since NFT sales peaked — and then collapsed — but that’s not stopping enterprising multi-billion dollar corporations from trying to get in on the action. Starbucks launched its first paid collection of NFTs today, a group of2,000...
The company’s collection of 300 generative art pieces garnered over 3,000 bids in 24 hours. Yuga Labs’ buzzy andcontroversialauction of its debutBitcoinNFT collection concluded Monday, with 288 successful bidders nabbing as many pieces in the limited series, spending a combined $16.49...
Crypto exchange Binance has been accused of “blatantly” copying the winner of the BNB Chain hackathon after launching Bicasso — an AI-basednonfungible token (NFT)creation tool. Binance allegedly ripped off a tool created by Chatcasso just two months after awarding them first prize in a...
Blur co-founder Pacman, who recently revealed himself to be 24-year-old Tieshun Roquerre, spoke to CoinDesk about the creator royalty dilemma, taking zero platform fees and building long-term value for traders. (Blur NFT marketplace logo, modified by CoinDesk) Hear from...
Image Credits:whitehoune / Getty Imagesunder a RF license. The NFT marketmay be finding its footing again as the market for non-fungible tokens on the Ethereum blockchain surpassed $1 billion for the first time since May 2022. Amid the recent rebound, NFT marketplace Blur has also bested the...
According to data from Nansen, nonfungible token (NFT) whale Jeffrey Hwang — known colloquially as Machi Big Brother — dumped 1,010 tokens for 11,680 Ether (ETH) or $18.6 million, in the space of 48 hours. In a Feb. 25 Twitter thread, Nansen’s simian psychometric enhancement technician,...
The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System. The United States Federal Reserve has denied a request from cryptocurrency bank Custodia Bank to reconsider its membership application to the...
The upstart NFT marketplace, flying high after overtaking OpenSea, is pushing an aggressive incentives program to draw users. Ascendant NFT marketplace Blur announced Tuesday that it will soon airdrop some $300 million worth of additional tokens to loyal users, days afterovertaking...
Sales of non-fungible token (NFT) assets over the last seven days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The volume of NFT sales reached $397.86 million this week, with 345,716 NFT buyers and roughly 1.62 million transactions. NFT Sales...
The two companies are partnering to create NFTs with in-person experiences for collectors, beginning with a collection from generative artist Mpkoz. Generative art non-fungible token (NFT) collective Art Blocks and NFT gallery Bright Moments are creating a unique project that ties NFTs...