English artist Damien Hirst is under increased scrutiny this week following claims he backdated more than 1,000 pieces of art from his NFT project “The Currency,” The Guardian reported Wednesday. Damian Hirst Under Fire For NFT Project Following Exposé The controversial artist, perhaps best known for works depicting animals preserved in formaldehyde, allegedly misrepresented the…
Read more
The Pudgy Penguins nonfungible token (NFT) project has achieved a remarkable milestone, with more than one million Pudgy Penguin toys sold over the past 12 months. According to CEO Luca Schnetzler, the popular NFT project has experienced a surge in sales, expanding its reach to retailers worldwide. In a recent post on X, Schnetzler expressed…
Read more
Football superstar Christiano Ronaldo’s motion to dismiss a $1 billion class action lawsuit was denied on May 4. The lawsuit concerns his promotion of non-fungible tokens (NFTs) on Binance. According to Newsweek, Judge Roy Altman issued the ruling, stating, “We deny without prejudice the Defendant’s 29 motion to dismiss.” Ronaldo Stuck With $1 Billion Lawsuit…
Read more
Renowned fashion house Louis Vuitton and record producer Pharrell Williams are delving further into Web3 fashion with their new VIA NFT-linked varsity jacket, according to reports on Tuesday. Their latest design was released to the company’s VIA NFT holders. The physical western-inspired varsity jacket, made of suede buckskin and featuring the brand’s logo emblazoned across…
Read more
Square Enix, the developer behind JRPG giants like Final Fantasy and Dragon Quest, is now working with a major metaverse investment firm on its own crypto-based NFT game. On Monday, the company announced it had signed a collaboration agreement with Animoca Brands to strengthen marketing efforts for “Symbiogenesis,” the game and its associated collection of…
Read more
Yuga Labs sold the IP rights of two of its games, Legends of the Mara and HV-MTL, to Web3 gaming firm Faraway on April 17 in a strategic move designed to refocus the organization. The decision was accompanied by a key change in leadership. Yuga Labs simultaneously announced that Spencer Trucker, its chief gaming officer,…
Read more
The Bored Ape NFT prices plummeted 90%, from an all-time peak of 120 ETH to 10 ETH currently. During the 2021 cryptocurrency bull run, Bored Apes Yacht Club (BAYC) NFTs became one of the most demanded collections but ultimately succumbed to a decline in demand that impacted the whole NFT market. Despite initial hype and…
Read more
Animoca Brands plans to launch a new non-fungible token (NFT) platform designed to bridge web3 projects in Japan with the global market. According to an announcement by Animoca Brands, the launchpad will be officially introduced this summer, aiming to support creators and projects in selling their NFTs. The company has designated early May 2024 to…
Read more
Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem. The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes,…
Read more
CryptoPunks non-fungible token (NFT) on the Ethereum blockchain saw a record-breaking sale of one of its nine Alien Punks. On Wednesday, an anonymous collector purchased CryptoPunks #7804 for 4,850 ETH, or $16.38 million. This marks the second-largest CryptoPunks sale, both in terms of ETH and USD value, according to CryptoSlam data. The first most expensive…
Read more
