NFT

The Information reports that OpenSea's valuation has been slashed by 90% from asset manager Coatue Management. This comes as Decrypt reports the NFT marketplace faced a workforce reduction of roughly 50% earlier this month. On Nov. 3, OpenSea CEO Devin Finzer posted on X in part, "These sorts of changes are never easy. We’re incredibly thankful to those teammates that are departing today."

8 nov 2023

NFT marketplace Rarible and the core developer behind Metal Blockchain are teaming up to look into the development of compliant digital ownership solutions for the banking and fintech industries. Metallicus CEO Marshall Hayner and Rarible co-founder Alexander Salnikov join "First Mover" to discuss how applications of NFT technology be used in consumer banking.

3 nov 2023

Ghost in the Machine is the fourth initiative in a partnership between Candy Digital and Getty Images. Candy Digital Chief Creative Officer Straith Schreder joins "First Mover" on the Day of the Dead to discuss the partnership and the NFT collection inspired by paranormal activity. Plus, insights on sales and trading volumes across the digital collectibles market.

1 nov 2023

Most non-fungible tokens (NFTs) may now be worthless, less than two years after crypto's most recent bull run, a report by dappGambl suggests. The recent study is based on data provided by NFT Scan and CoinMarketCap and examined more than 73,000 NFT collections found that over 95% of them had a market cap of 0 ETH. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

25 set 2023

IMX, the native token of NFT platform ImmutableX, surged on Thursday to as high as 74 cents, before retreating. The IMX-Korean won (IMX/KRW) pair listed on South Korea's Upbit exchange accounted for nearly 20% of the global activity. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

22 set 2023

LimeWire is making a splash into artificial intelligence, after acquiring AI generation platform BlueWillow. LimeWire Chief Operating Officer Marcus Feistl discusses the the tech firm's AI ambitions, its second-life as an NFT marketplace, and legal considerations of content licensing.

21 set 2023

Leichtman Law PLLC managing partner David Leichtman discusses the significance of resale royalties for NFT (non-fungible token) creators in the wake of the SEC cracking down on the creator of Stoner Cats. The more you suggest to the purchasers that "the benefits will be of investing in it as opposed to just trying to get your content out there, then the closer to that line you are going to be," Leichtman said.

14 set 2023

Tokenized real estate platform Roofstock OnChain recently sold another home through its NFT marketplace for more than $200,000 worth of USDC. Roofstock onChain Head of Web3 Initiatives Sanjay Raghavan discusses the details of the sale, sharing insights into the future of Web3 real estate investments and tokenizing real-world assets.

12 set 2023

Coinbase Prime is debuting an institutional-grade Web3 Wallet, which includes features like managing NFT collections and voting on DAO governance. Coinbase's Vice President of institutional sales and trading Kevin Johnson discusses the launch and the offerings for institutional clients. Plus, a closer look at how the crypto exchange is navigating the U.S. crypto regulatory landscape. 

12 set 2023

Impact Theory, a California-based media company, will pay $6.1 million as part of a settlement with the U.S. Securities and Exchange Commission (SEC) on charges it conducted sales of NFTs as unregistered securities offerings, the agency's first enforcement action of its kind. Impact Theory CEO Tom Bilyeu shares insights into the case and the outlook for regulatory clarity. "Hopefully, everything that we've gone through helps paint the path forward for the entire industry," Billyeu said.

31 ago 2023