The U.S.-based law firm Burwick Law has publicly challenged the Solana NFT platform Metaplex over its upcoming plan to transfer unclaimed SOL tokens, worth approximately $7.3 million, into its DAO treasury. The issue revolves around the resize rent, originally paid by users as part of a blockchain optimization introduced last
Over the weekend, the crypto market showed a brief bullish return, much to the joy of investors. Bitcoin reclaimed $86K after the past week’s crash. Although it has currently returned to the $84K level, it has instilled hopes for a market recovery. Meanwhile, Trump’s memecoin, Official Trump, is set to
Donald Trump’s re-election in the US has brought a significant shift to the crypto industry in the country. The long-awaited crypto regulation is on the table in the country. Lawmakers have already introduced several bills on crypto strategic reserve creation and stablecoin regulation. But there is no intimation regarding NFTs
In terms of digital assets, few have had quite the journey as non-fungible tokens (NFTs). The asset class first came on the scene in the early 2020s and quickly became one of the most popular online. Projects like the Bored Ape Yacht Club commanded millions of dollars per unit, and
Planetarium Labs, one of the pioneers in community-driven Web3 gaming, has announced that its flagship title, Immortal Rising 2, has secured $3 million in funding. This announcement came just days after a highly successful NFT sale and ahead of the Token Generation Event (TGE) this week. The surge of support
The U.S. Securities and Exchange Commission (SEC) has formally concluded its probe of Yuga Labs. It is the firm behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) series and ApeCoin (APE). The SEC will not initiate any enforcement proceedings, closing the investigation that opened in October 2022. Yuga
The Doodles NFT collection has achieved a remarkable $16 million in weekly trading volume following its announcement of $DOODS, a Solana-based meme coin. This surge marks the collection’s second-highest trading peak in 2024, demonstrating the growing trend of established Ethereum NFT projects expanding into Solana’s memecoin ecosystem. Strategic Evolution in
The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into OpenSea without filing charges. OpenSea’s CEO, Devin Finzer, described this move as a victory for the NFT industry. The SEC is closing its investigation into @opensea. This is a win for everyone who is creating and building
OpenSea has regained dominance in the Ethereum NFT marketplace, capturing 71.5% of the market share this past week. Four weeks ago, it held only 25.5%, with Blur leading the space. The surge aligns with OpenSea’s announcement of its long-awaited native token, $SEA, on Feb. 13. Since the announcement, OpenSea’s daily
At a time when diversity initiatives are coming under more scrutiny, World of Women (WoW) has commissioned artist Sara Baumann to start a portrait series that champions women builders in Web3. The NFT collection, which is minted on the Etherlink-Tezos blockchain L2, highlights the importance of four trailblazing women pioneers in establishing new
