Fri, November 22

Is Anime 2.0 The Next Big NFT Obsession?

Well, guess what? The NFT space might seem deadly quiet, but it may not be ‘dead.’ The market floor feels shaky and intensely bearish right now. Despite that, there’s a hustle for something fresh, and innovation is brewing.  Projects attempt to pivot and explore new horizons. Or try to synergize

September 23, 2024 3 mins read

OpenSea Faces Lawsuit Over Unregistered NFT Securities

A group of OpenSea users has filed a class-action lawsuit in Miami. The lawsuit claims that the popular NFT marketplace sold unregistered securities. This legal action raises significant concerns about the regulatory landscape for NFTs. According to the lawsuit, OpenSea is accused of facilitating transactions that qualify as securities sales.

September 23, 2024 1 min read

Pudgy Penguins CEO Dismisses SEC Concerns Amid NFT Regulatory Scrutiny

Pudgy Penguins is a prominent Web3 brand featuring a collection of 8,888 non-fungible tokens (NFTs) launched on the Ethereum blockchain. The CEO of Pudgy Penguins recently described the SEC’s crackdown on NFTs as “nonsense,” asserting that he remains unworried by the regulatory actions taken by the U.S. Securities and Exchange

September 18, 2024 2 mins read

SEC Faces Backlash Over $750K Settlement with NFT Club Flyfish

Two U.S. Securities and Exchange Commission (SEC) commissioners have expressed dissent over their agency’s $750,000 settlement with Flyfish Club, a restaurant using non-fungible tokens (NFTs) to sell memberships. The SEC’s Sept. 16 order stated Flyfish conducted an unregistered sale of crypto asset securities by offering 1,600 NFTs, raising $14.8 million.

September 17, 2024 2 mins read

Overall NFT Sales Decline Amid Major Swings in Top Collections

Another decline in NFT market sales occurred during the last week, with a decline of 7.91% from the prior week. Both the number of buyers and sellers saw significant drops; the former fell by 73.46 percent and the latter by 61.18 percent from the previous week. According to DappRadar statistics,

September 14, 2024 1 min read

CryptoPunks NFT Worth $1.5M Sold for $23,000

In a dramatic twist, a CryptoPunks NFT that once commanded $1.5 million was recently sold for a mere $23,000. This sudden and steep decline in value has captured widespread attention and sparked discussions within the cryptocurrency community. The NFT, a highly coveted piece from the CryptoPunks collection, experienced a shocking

September 12, 2024 2 mins read

PleasrDAO Accuses Martin Shkreli of Noncompliance with Court Order

PleasrDAO, the crypto investors, and NFT collectors are suspecting Martin Shkreli. He is an American investor and businessman who owns the famous and one-of-a-kind Wu-Tang album “Once Upon a Time in Shaolin”, but has not handed over the existing copies of the album, and his claims are dubious. Martin Shrekli

September 9, 2024 1 min read

E-PAL Introduces Mass Adoption-Focused Web3 Experience Infrastructure BALANCE, Raising a Total of $30 Million From a16z, Galaxy, and Others

The funding will accelerate the launch and expansion of Balance, a groundbreaking Web3 infrastructure designed to enhance user experience and drive mass adoption. E-PAL, the world’s leading gaming and social companion platform, has officially unveiled Balance, its new AI-powered blockchain experience platform, following two successful funding rounds led by Andreessen

September 5, 2024 3 mins read

Mino Games Shifts Dimensionals from Web3 to Web2 Amid Challenges

Mino Games, the creator of the digital card game Dimensionals, has announced a strategic shift from Web3 to Web2, abandoning its initial blockchain and NFT integration. The decision comes after the project encountered multiple setbacks that significantly impacted its revenue streams. Dimensional, which initially attracted attention for its blockchain-based gameplay

September 4, 2024 2 mins read