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US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors
11.1.2023
The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,'” the Department of Justice (DOJ) described, adding that millions of dollars...
Bonk Inu to Mint NFTs on Solana-Based Marketplace Magic Eden. But There's a Catch
10.1.2023
A representative told CoinDesk that all BONK tokens used to mint the NFTs will be permanently burned
What Are Generative Art NFTs & Are They Worth Collecting?
7.1.2023
Generative art has been around for decades. However, it recently made a comeback after about 60 years, thanks to the birth of non-fungible tokens (NFTs).
Read on to learn about generative art, how they made their way into the NFT space, and discover some of the most popular generative NFT...
Bluechip NFT project Moonbirds signs with Hollywood talent agents UTA
7.1.2023
PROOF Co-founder Kevin Rose announced the deal via Twitter on Jan. 6, noting that the aim is to get the Moonbirds brand recognized on a global scale and not just in the Web3 space
Wash trading will cause crypto’s next implosion: Mark Cuban
6.1.2023
The majority of centralized exchange volume is fake, according to the billionaire investor and Dallas Mavericks owner
Report: Fanatics to Sell 60% of Candy Digital Stake Amid Struggling NFT Market
6.1.2023
Fanatics, the retailer specializing in licensed sports merchandise, is divesting 60% of its stake in the non-fungible token (NFT) company Candy Digital, according to reports. The company is selling its Candy Digital stake to an investor group associated with billionaire Mike Novogratz and his firm...
Shopify Merchants Can Now Design, Mint and Sell Avalanche NFTs
5.1.2023
The new integration streamlines the NFT process for buyers and sellers
Developer of ‘Mutant Ape Planet’ NFTs Arrested, Charged With Fraud for Alleged $2.9M Rug-Pull
5.1.2023
The developer of the Mutant Ape Planet non-fungible token (NFT) collection – a knock-off of the popular Mutant Ape Yacht Club NFT collection – has been arrested and charged with fraud for allegedly perpetrating a $2.9 million rug pull
Redeeming physical NFTs: Easier said than done?
5.1.2023
A number of challenges must be overcome in order for “phygital” NFT projects to gain traction
NFT Marketplace Magic Eden Pledges to Refund Users Who Were Sold Fake NFTs in ‘Massive Exploit’
5.1.2023
Non-fungible token (NFT) marketplace Magic Eden said that it would refund all users affected by the exploit that involved the sale of fake NFTs - passing them off as 'members' of verified collections.
On the morning of January 4 (PT time), the marketplace team saw "a handful" of reports saying...
Fanatic sells 60% stake in Candy Digital amid 'imploding NFT market'
5.1.2023
The sports merchandise giant has got cold feet in the shrinking NFT market
Magic Eden to refund users after 25 fake NFTs sold due to exploit
5.1.2023
Over two dozen fake NFTs were sold on the Magic Eden marketplace over a 24-hour period due to a "massive exploit" on the platform
Web3 Builders Lose Dozens of High-Value NFTs in Back-to-Back Attacks
5.1.2023
CloneX COO Nikhil Gopalani and prominent NFT collector CryptoNovo lost NFTs estimated to have been worth hundreds of thousands of dollars to scammers
The worst influencer and celebrity NFT cash grabs of 2022
4.1.2023
From Donald Trump’s trading cards to Tai Lopez’s peculiar NFT collection, 2022 marked another year of poorly thought-out NFT drops by big names
Nike’s NFT Brand RTFKT COO Gets Hacked, Loses Nearly $200,000 in NFTs – Here’s What Happened
4.1.2023
RTFKT COO Nikhil Gopalani has fallen victim to a "clever" phishing scheme that drained almost $200,000 worth of NFTs from his wallet.
In a Tuesday tweet, Gopalani said that he lost his collection of NFTs, which included Clone X NFTs and items from other collections, to a scammer in an apparent...
After A Bad Year For NFTs, Square Enix Boss Says Company's Still All In For Them
3.1.2023
A year ago, Square Enix president Yosuke Matsuda said NFTs (Non-Fungible Tokens) and blockchain gaming were the future. Then 2022 happened and it became clear to all but the most diehard NFT investors and crytobros that all of this digital JPEG ownership was a scam that the public continues...
OpenSea witnesses sale of 1.3 M Polygon NFTs in Dec 2022
2.1.2023
OpenSea recently announced that the platform sold over 1.3 million Polygon NFTs in December 2022. The transactions amounted to over 15.3 million dollars from 116,000 active traders. Thus was the third-highest month in 2022 (based on NFTs sold for every active trader.) It amounted to 11.24 NFTs...
NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week
31.12.2022
Non-fungible token (NFT) sales over the last seven days are ending the year 13.97% lower than the week prior. During the last week, statistics show that $147,054,554 in NFT sales were recorded across 334,668 NFT buyers. NFT Sales Continue to Slip: 13.97% Decrease in Last Seven Days NFT sales...
Tax-Loss Harvesting Platform Unsellable is Building ‘The World's Largest Collection of Worthless NFTs
31.12.2022
The platform has so far purchased over 7,700 no-longer valuable NFTs that previous owners can count as losses to reduce taxable capital gains
‘Ethereum Killers’ Managed to ‘Kill’ Themselves in 2022 Rather Than Beat the Smart Contract Economy’s Heavyweight Champ
30.12.2022
At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes to an end, statistics show that none of...