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NFT
95% of NFTs May Now Be Worthless, Report Suggests
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."
NFT Platform ImmutableX's IMX Token Surges This Week, Upbit Leads Volume Growth
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."
A $27M Crypto Loss Reveals a Toxic Mix of Money-Hungry Traders and DAO Idealists
It wasn't only the $90,000 spent on naming rights for a rare Ecuadorian frog species that turned off members of this decentralized blockchain-powered community project; some savvy arbitrageurs just wanted their share of the project's treasury.
LimeWire COO on BlueWillow Acquisition: AI Is a 'Great Tool' to Enable Creators
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.
Legal Expert Explains NFT Resale Royalties in Wake of Stoner Cats Creator Fine From SEC
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.
Mila Kunis Web Series Stoner Cats Faces SEC Enforcement Action for 'Unregistered' NFT Offerings
The production company behind Stoner Cats encouraged investors to buy and trade royalty-yielding NFTs, tying the collectibles to the success of its Hollywood-backed web series, the SEC said.
Coinbase Paves Way for Big Institutions to Do More With Web3, DeFi, NFTs
“We're seeing corporations who want to participate on-chain in some way,” Coinbase’s Kevin Johnson told CoinDesk TV. “But they need a safe way to do that.”
Roofstock Onchain Sells Another Home Through NFT Marketplace for $204K Worth of USDC
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.
Coinbase Prime Web3 Wallet Gives Institutions a Way to 'Interact With On-Chain Applications,' Exec Says
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.
NounsDAO Barrels Toward Treasury Split After NFT Holders Rally for ‘Rage Quit’
The leading NFT project will soon lose a chunk of its treasury to disaffected investors.
