Starbucks, the renowned multinational coffee chain, has made the decision to terminate its NFT rewards program. The program, known as the “Odyssey Beta program,” will officially conclude on March 31, according to a recent statement. The initiative allowed customers to participate in coffee-themed games and challenges, earning digital collectible stamps in the form of non-fungible tokens (NFTs) that…
Read more
In tandem with the broader downturn of the cryptocurrency market this week, the non-fungible token (NFT) sector also experienced a downturn in sales over the preceding seven days. From March 9 to March 16, 2024, the NFT market witnessed sales amounting to $358,080,260, a decline of 16.55% from the previous week. NFT Sales Decline Across…
Read more
Bored Ape Yacht Club creators, Yuga Labs, are accusing artist Ryder Ripps of contempt of court. In a recent filing, they allege Ripps deliberately destroyed access to his wallets containing RR/BAYC NFTs to avoid complying with a court order. Yuga Labs claims Ripps’ actions were made in “bad faith” and that he misled the court.…
Read more
Gamified platform PropyKeys has announced the public launch of its Base-based decentralized application (Dapp) that enables users to mint addresses and deeds on-chain, accompanied by a series of novel features. This is a project within the Propy ecosystem that’s working on blockchain-powered real estate solutions. PropyKeys aims to address the challenges within the $280 trillion…
Read more
Sales of Non-fungible tokens (NFTs) have witnessed a notable uptick this past week, climbing 11.62% to hit $442.02 million over the previous seven days. The most significant transaction was the sale of the ‘Alien’ Cryptopunk #3,100, donning a headband, for $16 million, with Bitcoin-based NFTs claiming the lead in sales volume across 22 different blockchains.…
Read more
As the value of cryptocurrencies continues to climb, the second-highest sale of a Cryptopunk non-fungible token (NFT) has been recorded at $16 million, as per onchain records. This sale significantly exceeds its previous purchase price of $7.67 million, which was just three years prior. Ethereum Sees Spike in NFT Transactions as ‘Alien Punk’ Cryptopunk #3,100…
Read more
As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period. NFT Sales Surge Past $412 Million in…
Read more
The Musée d’Orsay, a renowned museum in Paris, is venturing into the world of blockchain and digital art with its first-ever commission of an on-chain NFT exhibition. The museum is set to release a collection of tokenized artwork titled “The Convergence of Breath.” These five single-edition NFTs (non-fungible tokens), minted on the Tezos blockchain, are a result…
Read more
Two individuals, including a senior airman and cyber analyst in the U.S. military, have been charged for money laundering in connection to an NFT “rug pull” scheme, a February 23 statement from U.S. Immigrations and Customs Enforcement (ICE) reveals. Over $300,000 of Victims’ Funds Stolen Devin Alan Rhoden (a.k.a Denny or Deviinz), 24, of Florida…
Read more
Cryptonews Podcast host Matt Zahab sat down once again with US-based blockchain entrepreneur and Founder of ETHDenver John Paller for another exciting interview. The two talked about ETHDenver setting the main themes for the year and what we may see in 2024. The founder further explained how investing in UI, UX, and specific tools leads to…
Read more
