NFT

A former OpenSea executive has been sentenced to three months in prison for insider trading.  The executive, Nathaniel Chastain, reportedly made over $50,000 in 2021 from his NFT insider trading scheme.  Chastain pled not guilty last year, claiming that no one told him he couldn’t use the insider information.  A former OpenSea executive has been

OpenSea remains on the sidelines as Blur dominates NFTs trading volume on Ethereum. Although the general drop in interest has affected activity on Blur, its daily sales volume puts it ahead of OpenSea Across Ethereum-native NFTs marketplaces, Blur remains dominant as the NFT marketplace and aggregator, accounting for nearly 60% of all trading volume on

OpenSea is set to disable the royalty enforcement function on its platform starting next month.  The NFT marketplace will remove its Operator Filter, making royalties optional for new collections. Royalties will be enforced for collections that enable the Operator Filter before August 31, 2023.  NFT creators online have expressed frustration with the policy change.  OpenSea

Two U.S. lawmakers have written to Apple seeking info about App Store’s policy for crypto-related apps.  The lawmakers wrote to CEO Tim Cook expressing concerns about the restriction of emerging tech like blockchains and NFTs.  Representatives Gus Bilirakis and Jan Schakowsky want to determine App Store’s impact on American technological leadership.  Tech giant Apple is

Polygon partnered with web3 wallet Suku to launch an open edition NFT collection minted on Twitter.  The crypto community on Twitter minted more than 50,000 NFTs within 48 hours.  Suku leveraged Twitter for its user-centric approach to onboard newcomers into crypto.  Polygon, the popular Ethereum layer 2 scaling solution, recently partnered with Web3 payment services

Google has rolled out native support for tokenized digital assets in apps and games on the play store.  The tech giant will allow developers to offer games and apps enabled with trading of NFTs.  Experts saw the latest policy change as a positive step for the crypto space.  Reddit partnered with Google to help update

Summary: A newly formed DAO in the Azuki community voted to hire a lawyer after last week’s Elementals launch. The DAO comprised of 74 members wants to recover 20,000 ETH from pseudonymous founder Zagabond and the blue-chip NFT project. Azuki’s community voiced heavy backlash against the Elementals NFTs with members saying they look strikingly similar

Three Arrows Capital’s (3AC) Grails Collection has been auctioned off by Sotheby’s for almost $2.5 million.  The NFTs that were sold included Tyler Hobbs’ Fidenza #725 CryptoPunk #1326 and Dmitri Cherniak’s Ringers #375. Fidenza #725 attracted the highest bid of over $1 million, exceeding the high estimate by nearly five times.  The NFTs sold in

Summary: A trader splurged almost $1 million buying Bitcoin Inscription #5232025 amid growing debates about congestion on the BTC network. This particular BTC Inscription holds 50,000 ORDI coins, the native asset of Ordinals Protocol which was created by developer Casey Rodarmor. ORDI was introduced earlier this year using the BRC-20 standard after developer Rodarmor designed

OpenSea’s former product manager Nate Chastain has been convicted of wire fraud and money laundering.  A federal jury in New York found Chastain guilty of using insider information to trade NFTs. The former executive faces up to 40 years in prison for netting $50,000 from his insider trading scheme.  Nate Chastain, the former Product Manager

Summary: The incubator dubbed Chiliz Labs will support early-stage web3 sports and entertainment projects that build on the company’s layer 1 blockchain launched in February. Investment company Jump Crypto backs the $50 million incubator initiative, per an official announcement on Wednesday. The company’s new Ethereum Virtual Machine-compatible blockchain will expose builders and developers to crypto’s

NFT whale Machi Big Brother has sold a whopping 1010 NFTs on Blur over the past 48 hours.  The sold NFTs include blue chip collections like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC).  Machi spent more than $13 million buying back hundreds of the NFTs that were sold.  The mass sale

Friendsies founders have abruptly shut down the NFT collection and all associated projects.  The rug pull was confirmed after the project’s Twitter account was deleted. The collection had raised $5 million at Christie’s auction on OpenSea less than a year ago.  Founders of the NFT collection blamed their decision to shut down on volatility and

NFT marketplace Blur’s airdrop went live earlier today after a three-week delay. Users were able to unlock the Ethereum-based $BLUR governance tokens that they received over the past few months.  The token’s price has decreased by more than 80% since its launch.  The NFT startup has come out as a considerable rival of the popular

Yuga Labs’ recently launched Dookey Dash has witnessed rampant cheating among players.  The skill-based game is reportedly filled with boosters who manipulate the leaderboards with unethical methods.  Players are paying boosters as much as $4000 to achieve a higher score in the game.  Yuga Labs has taken cognizance of the ongoing cheating and has taken

Summary: The blockchain-powered sports fan token launched its own layer 1 decentralized network on Tuesday. Chiliz’s L1 chain is compatible with the Ethereum Virtual Machine program, allowing developers to broadcast smart contract codes on Ethereum’s blockchain. The protocol’s token CHZ pumped as high as 20% on the news. Blockchain sports coin Chiliz announced the launch