NFTs
Reddit Starts Airdrop of Polygon-Based 'Collectible Avatars'
Avatars from the four collections are available for listing and trading on OpenSea.

Crypto Developer Platform Thirdweb Gets Katie Haun's Backing at $160M Valuation
Other investors in the $24 million Series A round included Coinbase Ventures and Shopify.

Most NFT Projects ‘Convey No Actual Ownership’: Galaxy Digital Research
NFTs giving token holders total ownership rights is an ambitious idea, one that's “a long way off,” Alex Thorn, head of research at Galaxy Digital, said on CoinDesk TV’s “First Mover.”

NFTs Worth $100M Reported Stolen Over Past Year: Elliptic
Thefts in May 2022 topped the list in in terms of value with 3,473 NFTs worth $23.9 million stolen.

What Is NFT Wash Trading?
The shadowy practice is often used to manipulate markets and create a false sense of high demand.

LooksRare Fork Sudorare Rugs for $800K Despite Crypto Twitter Warnings
Developers behind the project deleted Sudorare’s social media channels and its website on Tuesday morning.

Bank Run at NFT Lender BendDAO Prompts Attempt to Avert Another Liquidity Crisis
Faulty auction mechanics highlighted the downside of letting people borrow money against their Bored Apes.

Will Taylor Swift Ever Issue a Music NFT?
It shouldn't come as a surprise that celebrities have been slow to adopt crypto, even when mass commercialization is around the corner.

Are NFTs Rendering Art Meaningless?
The overproduction of NFTs runs the risk of killing art, says one of Silicon Valley's favorite artists.

Ex-OpenSea Executive Files to Dismiss DOJ Case Alleging NFT Insider Trading
Nathaniel Chastain's motion says NFTs cannot be classified as securities or commodities, a requirement for wire fraud charges.
