Coatue also marked down its stake in MoonPay by 90% The valuation of non-fungible token (NFT) marketplace OpenSea has been slashed by 90% by asset manager Coatue Management, according todocuments seen by The Information. In 2022, Coatue and Paradigmleda $300 million roundfor the NFT...
The NFT platform, used to trade Bored Apes and Pudgy Penguins, laid off 50% of its employees as digital art collectibles' floor prices continue to fall. OpenSea faces clouds. (Jonny Clow/Unsplash) Non-fungible token (NFT) platform OpenSea has pared back its operating staff as digital art...
Elon Musk argued that NFT projects âshould at least encode the JPEG in the blockchain,â to the delight of many Bitcoiners. While publicly mocking nonfungible tokens (NFTs) during a podcast, Tesla CEO and billionaire Elon Musk appears to have inadvertently highlighted the case...
San Antonio Spurs phenom Victor Wembanyama is putting up numbersâboth on the court and in Sorare NBA. Hereâs how much his NFT sold for. AnEthereumNFT trading card based on NBA rookie star Victor Wembanyama sold for over $110,000 Thursday, apparently topping the record sale for one of his...
A brief guide to expanding deeper into, and beyond, Web3. Shubham's Web3 In the wake of theNFTmarket's multi-year downturn, many artists who once thrived are now navigating a challenging and uncertain landscape. The NFT market had experienced exponential growth in recent...
The Culture, Media and Sport Committee, which includes representatives from several U.K. political parties, started an inquiry into non-fungible tokens in November. U.K. Parliament Building and Big Ben in London (Ugur Akdemir/Unsplash) A U.K. committee that consists of members from different...
A former OpenSea employee has been accused of assisting the infamous AnubisDAO rug pull in 2021, but some commentators have raised doubts. Nonfungible token (NFT) platform OpenSea says it is unaware of any evidence pointing to a former employee being involved in the infamous AnubisDAO...