So-called “Blue-chip” NFTs have been struggling over the course of the last 30 days, crypto data analytics firm Nansen stated in a tweet thread on Tuesday. Citing its popular NFT price performance dashboard, Nansen noted that many major collections, including the likes of the Bored Ape Yacht Club, have seen their price floors drop by…
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Nate Chastain, the ex-head of product at NFT platform OpenSea, has been sentenced to three months in prison for profiting tens of thousands of dollars through insider trading of assets showcased on the platform’s homepage. Chastain, formerly responsible for putting prominent NFTs on OpenSea, was found guilty of fraud and money laundering in May…. Read…
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Yuga Labs, the entity behind the popular NFT collection Bored Ape Yacht Club (BAYC), is set to halt support for OpenSea due to a change in the platform’s royalty model. In a Saturday tweet, Yuga Labs announced that it plans to wind down support for OpenSea following the upcoming removal of Operator Filter, an on-chain royalty enforcement tool. … Read…
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The major non-fungible token (NFT) marketplace OpenSea has implemented changes that makes creator fees optional for new collections. Specifically, the OpenSea said it would retire the Operator Filter, which functioned as an enforcement tool for creator royalties on the platform. Instead, OpenSea will now move to optional royalties for all NFT sales on the secondary…
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Auction House Sotheby’s has responded to the new allegations leveled against it by Bored Ape investors describing it as opportunistic and simply without merit. The statement comes as the auction house was named in the class action suit against YugaLabs the creators of Bored Ape Yacht Club (BAYC)…. Read More: “Opportunistic and Baseless” – Yuga…
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The Philippine police has raised alarms on blockchain gaming saying it may be riskier than investing in cryptocurrencies if capitalized by bad actors. In a new statement, the Philippine National Police Anti-Cybercrime Group (PNP ACG) says citizens should be wary of the risk of being extorted by gaming models that require them to buy non-fungible…
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Zynga, the creator of the popular FarmVille game, has revealed that Sugartown, its first Ethereum-based non-fungible token (NFT) game, is “coming soon”. “Never forget your roots. Sugartown is building a future inspired by the past and present,” the team behind the game said in a tweet. The famous mobile game publisher is yet to announce…
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Reddit non-fungible tokens (NFTs) minted on layer-2 network Polygon have surpassed 20 million in the face of general quiet on the NFT front. According to Dune Analytics (on Monday morning, 9:00 UTC), a total of 20,323,749 collectible avatars has been minted since the launch of the project in July 2022, now in the hands of…
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The Metropolitan Museum of Art (The Met) in New York has partnered with the popular gaming platform, Roblox, in order to offer a virtual experience for its younger audience. As part of this collaboration, Roblox users can now obtain digital versions of famous artworks and artifacts for their avatars, including Van Gogh’s iconic straw hat. … Read More: The MET…
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An NFT trader that goes by the name Hanwe Chang has made 800 ETH, worth almost $1.5 million, after tricking a bot into buying his NFTs at elevated prices. Writing on the social media platform X on this weekend, Hanwe Chang claimed that a bot was copying all of his NFT bids on Blur, a…
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