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NFTs are 'totally worthless' says mainstream media, community responds
21.9.2023
A community member highlights the drastic shift in mainstream media narrative, sharing a previous article promoting the Bored Ape Yacht Club NFT collection
Water & Music’s Cherie Hu says Web3 and AI will revolutionize creativity: The Agenda
20.9.2023
Water & Music founder Cherie Hu explains how technology is evolving the music industry — but is it to the benefit of musicians?
Magic Eden integrates Solana’s compressed NFTs into marketplace
16.9.2023
NFT marketplace Magic Eden believes that lowering the costs in NFT production creates an "easy access point" for new users to try NFTs
The Inanity of the SEC 'Stoner Cat' Action
14.9.2023
SEC Fines Stoner Cats NFTs Creator $1 Million for Securities Violation
14.9.2023
The company behind Stoner Cats non-fungible tokens (NFTs) has to pay a $1 million fine and destroy all its NFTs per a settlement with the US Securities and Exchange Commission (SEC).
According to the Wednesday press release, the SEC charged Stoner Cats 2 LLC (SC2) with conducting an unregistered...
Stoner Cats NFTs 'fan crowdfunding' not securities: SEC's Peirce, Uyeda
14.9.2023
SEC commissioners Hester Peirce and Mark Uyeda described the NFT sales as a "common phenomenon" in the world of creators
SEC Charges Stoner Cats Over $8M Unregistered NFT Offering: Mila Kunis-Backed NFT Project to Pay $1M Penalty
13.9.2023
The Securities and Exchange Commission (SEC) charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs) that raised about $8 million from investors to finance an animated web series. SEC Slaps Stoner Cats 2 With...
Paypal Offers More Crypto Payment Options for Web3 Merchants in US
13.9.2023
Payment processor Paypal announced it’s introducing on- and off-ramps to facilitate crypto payments for Web3 platforms. Once integrated, merchants in the sector will be able to employ them to expand their user base by connecting to Paypal’s payments system. Paypal Launches On-...
‘What Is an NFT’ the Most Searched for Crypto-Related Phrase in the US — Study
13.9.2023
The phrase “What is an NFT?” has been the most searched for crypto-related term with 39,459 average monthly queries, an analysis of nearly 300 questions has shown. With a search rate of 26,283, the queries for the phrase “What is the blockchain” were 1,681% more than...
Coinbase Paves Way for Big Institutions to Do More With Web3, DeFi, NFTs
12.9.2023
Coinbase, best-known for being one of the largest crypto exchanges for retail customers, continued its expansion into the professional space with the introduction Tuesday of a Web3 wallet designed to help institutions get into NFTs and other corners of decentralized finance, or DeFi
Vitalik Buterin Confirms His X Account Was Hacked by SIM Swap
12.9.2023
Ethereum founder Vitalik Buterin took to social media to share details about the hacking of his profile on X, formerly Twitter. The influential crypto figure confirmed suspicions that the account was targeted in a SIM swap attack allowing perpetrators to promote a crypto scam enticing victims with...
Animoca Brands Secures $20M Funding to Drive Ambitious Mocaverse Metaverse Project – NFT's Making a Comeback?
12.9.2023
Animoca Brands, a metaverse and gaming venture capital firm, has raised $20 million to expand its Web3 identity project Mocaverse.
According to the press release, the funding round was led by blockchain- and Web3-focused venture capital company CMCC Global, with other investors including Kingsway...
CNA Insurance excludes NFTs from coverage of $20M trust policy
12.9.2023
The insurer attached an exclusion saying that any losses, damage, claim, occurrence or lawsuit related to NFTs are not covered by the policy
Vitalik Buterin’s X Account Hacked to Promote Crypto Scam
10.9.2023
The X account of Ethereum founder Vitalik Buterin has apparently suffered a breach by scammers spreading phishing links. The attack, which manifested itself in the form of a post offering free digital collectibles, has allegedly resulted in the loss of over $690,000 for those who fell for...
What Are Smart Contracts? Unpacking Today’s Digital Agreements
10.9.2023
In the digital currency realm, smart contracts have enhanced the financial industry through tokenization, decentralized finance (defi) and other agreements in the form of self-executing code. But how exactly do they work? What benefits do they offer? Here’s a concise overview of smart...
Fourth Consecutive Week of Decline: NFT Sales Dip 6.75%
9.9.2023
Non-fungible token (NFT) sales took yet another dip this week, marking the fourth consecutive week of decline, albeit a slight one, with a decrease of 6.75%. From September 2, 2023, to September 9, the total sales for this week amounted to approximately $80.69 million, with a notable chunk...
‘NFTs will win on Bitcoin’ — OnChainMonkey NFT collection ditches Ethereum
7.9.2023
Metagood CEO Danny Yang attributed the move to the Bitcoin network being seen as a more secure platform for its users, among other reasons
Axident's NFTs Turn Justin Bieber's 'Company' Into a Royalty Investment, 350 Minted in 2 Minutes
7.9.2023
Andreas Schuller, known by his producer name Axident, has just started the sale of non-fungible tokens (NFTs) that give their owners a percentage of future streaming royalties to Justin Bieber’s song 'Company'.
To transform Bieber's fans "from passive listeners to empowered music stakeholders,"...
NFTs and Metaverse: Activewear and Luxury Brands Embrace Web3 Innovation
6.9.2023
Despite the setbacks caused by the 2022 crypto crash, Web3 continues to intrigue marketers, particularly in the activewear and luxury brand sectors.
Based on the principles of decentralized applications and blockchain technology, Web3 offers ownership of data and digital assets, opening up...
Base's 'Onchain Summer' saw over 700K NFTs minted from 268K users in August
6.9.2023
The "Onchain Summer" promotion drove activity to the new network, with hundreds of thousands of users minting NFTs in August