Tiger Global, an investment business, allegedly liquidated stakes in well-known NFT initiatives such as the Bored Ape Yacht Club (BAYC) collection and the prominent NFT marketplace OpenSea. The investment firm reportedly reduced its holdings in BAYC by 69% and OpenSea by 94%, according to anonymous sources cited by Bloomberg. The
Coatue Management, a technology investment business based in the U.S, has written down its investment in the OpenSea NFT marketplace by 90%. Documents seen by The Information on November 7 revealed that Coatue had decreased its investment from $120 million to $13 million, suggesting that OpenSea’s on-paper worth had plummeted
NFT marketplace OpenSea, has now released a new platform called OpenSea Studio, which is designed to be a one-stop-shop for artists to bring their ideas to life and maintain their operations. OpenSea’s new platform is designed to free up creatives from the administrative tedium that has traditionally hampered their progress.
OpenSea, one of the prominent NFT marketplaces, has reportedly alerted its users to a serious security violation. OpenSea API keys may have been compromised due to a security problem at one of the company’s suppliers, according to reports. Because of this occurrence, OpenSea has moved quickly to strengthen the safety
ZTX, an innovative and rapidly expanding Web3 virtual world and creator platform, is launching its eagerly awaited Genesis Home NFT Mint on Arbitrum on August 30. The launch will take place here, on OpenSea, the world’s leading platform for digital asset and NFT collection, creation and trading. Today, ZTX is
The vaulting platform Americana is becoming increasingly accessible to the general public. The business, which began as a local initiative but has since expanded, is now a one-stop shop that combines the benefits of an online marketplace with those of a safe deposit box and blockchain-based ownership verification. OpenSea and
Collectors seem to have continued to forego paying optional royalties despite months of friction between platforms and authors over the enforcement of NFT royalty payments. Royalty payments for NFTs hit a two-year low in June, according to statistics provided by analytics platform Nansen on Wednesday. In April of 2022, royalties
Just when some doubters stated that NFTs were doomed, a new effort arose to counter that story. With its frog-themed digital art and creative approach to token economics, the $PEPE project is shaking up the NFT market. And now, the project has taken a giant stride forward for its community
On May 3 in a New York federal court, the former OpenSea manager who was suspected of insider trading of NFTs was found guilty of wire fraud and money laundering. Prosecutors claim that former OpenSea product manager Nathaniel Chastain was responsible for selecting the NFTs that would be offered for
The NFT realm has not been shining as brightly as it did in 2021. The NFT trading volume took a dip in 2022. However, it has slowly climbed back to 2023. One particular NFT marketplace has been making its name heard recently, even dethroning OpenSea in every possible way. Blur,
