Mon, March 10

SudoRare NFT Marketplace Executes Rug Pull Hours After Launch

About $820,000 worth of ether and other cryptocurrencies were taken in the incident. The platform’s website and Twitter page vanished soon after the heist. Many users on Crypto Twitter expressed concern that SudoRare was a fraud, and now the exchange’s developers have apparently pulled the plug. About $820,000 worth of

August 23, 2022 1 min read

Nike Generates Astonishing $185M Earnings From NFT Sales

New projections show Nike’s (NYSE: NKE) total earnings from the sale of its non-fungible tokens (NFTs) at an astounding $185 million. Non-fungible tokens have emerged as a promising new income stream for consumer-focused firms and organizations. Some of the most well-known companies have recently entered the NFT industry, citing the

August 23, 2022 1 min read

Former OpenSea Employee Wants Insider Trading Case Dismissed

Chastain faces a maximum of 20 years in jail for each of the allegations. According to the DOJ, Chastain’s case was the first known instance. Attorneys for Nate Chastain, formerly of OpenSea and now terminated from the NFT marketplace on grounds of insider trading, have filed a request to have

August 23, 2022 1 min read

Telegram Proposes Auctioning Reserved Addresses as NFTs

About $3 million was made through the sale of 2,392,002 Toncoin. Toncoin may now be traded straight inside the app. It was suggested by Pavel Durov, CEO of Telegram, that the platform’s usernames and channel links be made available as NFTs. Durov proposed auctioning millions of reserved Telegram addresses on

August 23, 2022 1 min read

Lending Protocol BendDAO Under Pressure Over NFT Massacre

There are just 15 WETH in the contract at the time of writing. An estimated 15,000 ETH (Ethereum) remains to be paid to lenders. It has been discovered that the Wrapped Ether (wETH) contract used by the lending protocol BendDAO has exhausted its supply. There are just 15 WETH in

August 22, 2022 2 mins read

Bored Ape Yacht Club NFTs Witnesses Year Low Floor Price

Due to Ethereum’s price volatility, the BAYC floor price is now at $107,000. Since it hit a record high of 153.7 ETH on May 1, the price has been steadily dropping. Due to the ongoing NFT market downturn and broader crypto market crisis, the Ethereum floor price of the Bored

August 20, 2022 1 min read

Large NFT Initiatives Misled Consumers Over IP Rights

The report “A Survey of NFT Licenses: Facts & Fictions,” came out on Friday. Other programs that impose commercialization hurdles include Doodles. The opportunity to make money off of one’s avatar by making derivative works of art, merchandising, and more is a major selling factor for certain NFT initiatives. However,

August 20, 2022 2 mins read

IO Game Snook Launches BBT-Themed Rooms With LobsterDAO

Snook partnered with Unstoppable Domains to reach a new audience. Snook introduced BBT themed rooms with Unstoppable Domains. IO game Snook Launches its BBT-themed rooms for ecosystem partners. A branded, token-gated experience called a BBT Themed room allows projects to interact with their community. And, these partners use the “Snake”-like

August 18, 2022 1 min read

Owners of Meebits and CryptoPunk Can Now Transact Using NFTS

Yuga Labs released an IP licensing agreement for CryptoPunks and Meebits. NFT holders granted total commercialization rights. Non-fungible token (NFT) owners from CryptoPunk and Meebits can now build business ventures and products using their NFTs. On Monday, Yuga Labs made available for download to owners of CryptoPunk and Meebits NFT

August 17, 2022 2 mins read