Punk 1563 changed hands for 24,000 ETH, a huge markup versus recent pricing. CryptoPunk 1563 just sold for a record $56.3 million. (CryptoPunks) A hallmark of the last cryptocurrency bull market was the remarkably high sale prices for various non-fungible tokens (NFTs)....
Indonesiaâs state-owned postal service has launched a physical postage stamp with an NFT counterpart. Indonesiaâs state-owned postal service has launched a physical postage stamp with an NFT counterpart. Pos Indonesia, the state-owned postal service of Indonesia, has introduced its...
The volume of non-fungible tokens in the Bitcoin network bounced back last week as the industry stabilized. Bitcoin NFT sales rose According toCryptoSlam, sales of Bitcoin (BTC) NFTs jumped by 56% in the last seven days to over $20 million. The number of buyers in the network rose by 48% to...
Footwear distributor Puma partnered with a Web3 game, integrating characters based on the brand into a sports mobile game. COINTELEGRAPH IN YOUR SOCIAL FEED In this weekâs newsletter, read about users claiming thatnon-fungible tokens (NFTs)on OpenSea are securities in a proposed...
The Flyfish Club in Manhattan opened earlier this month. | Photo courtesy of Flyfish Club. The long-awaited members-only concept Flyfish Club opened in New York City earlier this month offering a restaurant, lounge and exclusive omakase counter. What it doesnât offer: NFT memberships. Just a...
The law firm targeting OpenSea has brought a series of cases against crypto companies, such as FTX and Binance. The Moskowitz Law Firm filed another class-action lawsuit against a crypto firm Thursday, this time alleging that OpenSeaâs customers were sold NFTs as unregistered securities. The...
Ex-TradFi guy VonMises has built up one of the best NFT collections on the planet by selling when he can, not when he has to. When it comes to prolific NFT collectors, VonMises is in the upper echelon. His catchphrase âunquestionable provenance and provable scarcityâ is the backbone of his...
SEC commissioners Hester Peirce and Mark Uyeda didnât believe any US securities laws were triggered and urged the commission to give NFT firms more room to experiment. SEC commissioners Hester Peirce and Mark Uyeda didnât believe any US securities laws were triggered and urged the...
A digital assets advocacy group backed by Coinbase is launching a multimillion-dollar legal defense fund for non-fungible token (NFT) projects. In a new thread on the social media platform X, Stand With Cryptosaysitâs starting an NFT defense fund with investment firm Andreessen Horowitz (a16z)...
A group of blockchain advocates urged the United States Congress to clearly define NFTs in response to the SEC Wells notice to OpenSea. A group of blockchain advocates urged the United States Congress to clearly define NFTs in response to the SEC Wells notice to OpenSea. In this weekâs...
The CEO of OpenSea reported receiving a Wells notice from the SEC in August, suggesting that the commission could be taking a new regulatory approach to NFTs. The CEO of OpenSea reported receiving a Wells notice from the SEC in August, suggesting that the commission could be taking a new...
NFT: non-fungible token, digital art protected by the blockchain. gettyNon-fungible tokens have transformed the art world, offering artists innovative ways to create, sell and profit from their digital creations. This blockchain-based technology has sparked significant interest among artists,...
OpenSea CEO Devin Finzer said that the NFT marketplace received a Wells notice from the SEC, suggesting potential enforcement action from the agency. In this weekâs newsletter, find out how former United States president Donald Trumpâs fourthnon-fungible token (NFT)collection...
A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered âdead.â The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs. NFT Sector Faces Uncertain Path as 2024...