Coinbase CEO Brian Armstrong on Tuesday, confirmed the acquisition of $25 million UpOnly NFT from well-known crypto dealer Cobie. “The rumors are true, we purchased the NFT,” Armstrong wrote to his 1.6 million followers on X. “UpOnlyTV is coming again.” The rumors are true, we purchased the NFT. @UpOnlyTV is coming again. pic.twitter.com/kbGNzjLoJQ — Brian…
Switzerland’s playing watchdog has launched a overview into FIFA’s “Right-to-Buy” tokens for the 2026 World Cup, inspecting whether or not the digital property fall beneath the nation’s strict playing legal guidelines. Key Takeaways: Swiss regulator Gespa is reviewing FIFA’s Right-to-Buy tokens to find out in the event that they fall beneath playing legal guidelines. The…
A risk actor stole eight Hypurr NFTs value roughly $400,000 inside hours of the gathering’s launch by compromising wallets that acquired the airdropped tokens on Hyperliquid’s HyperEVM layer. Blockchain investigator ZachXBT first reported the delicate theft focusing on early Genesis Event contributors who had opted to obtain the free digital collectibles. Source: ZachXTB The Hyper…
Hyperliquid (HYPE) rolled out a brand new community-focused initiative on Sunday, a enterprise that would salvage sentiment as the community grapples with volatility throughout its ecosystem. The decentralized alternate (DEX) confirmed the distribution of 4,600 Hypurr NFTs on the HyperEVM, even as its staked governance token, kHYPE, briefly misplaced its peg earlier than recovering. Hyperliquid…
PunkStrategy (PNKSTR), a token linking NFT buying and selling with reinvestment mechanisms, has recorded substantial progress, reflecting growing curiosity in crypto-NFT hybrid methods. Analysts warning, nonetheless, that volatility stays high in such experimental tokens. PunkStrategy’s Innovative Model and Recent Performance PunkStrategy, developed by TokenWorks, makes use of a buying and selling mannequin that allocates 10%…
Christie’s the world’s largest artwork public sale home, its shuttering its digital artwork division, house to many NFTs. The establishment hosted a $69 million NFT public sale in 2021, serving to kickstart the sector’s fame. Theoretically, the agency could proceed promoting NFTs within the “twenty first Century Art” class, however this appears unlikely. The Art…
NFT market OpenSea has launched a $1 million initiative to amass and curate digital artwork, unveiling what it calls the Flagship Collection. The transfer, announced Monday, comes as the corporate prepares for the rollout of its SEA token, a improvement that has shortly overshadowed the cultural reserve. The Flagship Collection marks OpenSea’s first formal reserve,…
Metaverse platform The Sandbox is undergoing a transformation following the departure of its co-founders and a majority takeover by Animoca Brands. Key Takeaways: The Sandbox founders have exited operational roles as Animoca Brands takes full control. Over half of the company’s workforce has been laid off amid a major restructuring. Animoca may be positioning The…
Non-fungible tokens (NFTs) are making a comeback after going through a tricky couple of years. In keeping with DappRadar, NFT trading volumes dropped from $16.8 billion in 2023 to $13.7 billion in 2024. Though this decline was marked, a recent report from DappRadar discovered that NFT metaverse buying and selling quantity jumped 83% in July…
The non-fungible token (NFT) market has witnessed an abrupt end to its brief recovery period, shedding over $1.2 billion in value within a single week. Following a substantial 40% surge since mid-July, recent data from NFT Price Floor revealed that the aggregate valuation of NFT collections plummeted to $8.1 billion, marking a 12% decrease from…