Tag: marketdecline

Nike Sued Over "Worthless" NFTs as Market Plummets

Nike Sued Over "Worthless" NFTs as Market Plummets

• NFT Drops

The clothing behemoth is now embroiled in a lawsuit brought against it by angry NFT purchasers who allege that the brand’s digital tokens constitute unregistered securities. The lawsuit arrives at a time when the NFT market is facing a drastic collapse, with millions in digital assets plummeting in value. This...

Further Reading

Crypto Developments Unfold Globally

Ripple's donations to Donald Trump, Russia's crypto platform for investors, crypto firms pursuing U.S. banking licenses, DeGods' trading surge, and Kyrgyzstan's collaboration with Binance highlight the latest developments in the cryptocurrency space. Taken together, these events are indicative of a larger, more dynamic shift in the global landscape of digital...

Frank DeGods Departs as DeGods CEO, Paving Way for New Leadership

Frank, best known in the Web3 ecosystem as Frank Vora—the name he uses on X, formerly Twitter—has officially resigned as CEO in order to focus on building…whatever comes next. He was integral to the success of the DeGods NFT project. Co-founded by Frank in 2021, DeGods has been a fascinating...

HOTMOM Token Surges in Popularity, Backed by Crypto Influencers

A new Solana token HOTMOM token which amassed explosive growth on-chain, has taken the meme coin market by storm. Having only launched three days ago HOTMOM is already up to a spectacular $54 million market cap. It counts leaders of the industry, including from private sector companies deeply involved in...

DeGods Founder Frank DeGods Steps Down Amidst Sales Surge

Frank DeGods, the founder of the famous Solana-based NFT collection DeGods, has just dropped a huge bomb. After three short yet impactful years, he is now leaving his post as CEO. Under these circumstances, the leadership change couldn’t come at a better moment. Soaring sales on both the DeGods NFTs’...

Colle AI Sharpens Solana Focus to Boost NFT Growth and Liquidity

Colle AI, an AI-powered multichain NFT platform, seems to be betting hard on Solana. The overall goal of the company is to further accelerate NFT development on Solana while increasing the liquidity support across Solana’s entire ecosystem. This move underscores Colle AI's dedication to providing scalable, creator-centric tools that address...

Decoding NFT Value Beyond the Hype: Scarcity, Logic, and On-Chain Analytics

Despite non-fungible tokens (NFTs) taking over national and international headlines, the real value of this technology goes well past the surface-level craze. Each headline makes a big deal about multi-million dollar sales that weight the value toward the symbolic value. Further examination reveals that the defining factor in an NFT’s...

NFT Market Sees $115 Million in Sales, Ethereum Leads Surge

The broader NFT ecosystem is in the process of bouncing back, as sales volume for NFTs has risen 10.69% over the last week to $115 million. Ethereum continues to lead the pack, with a major resurgence in sales and an impressive overall market rebound. Besides Ethereum, other blockchains such as...

BlackRock Eyes Ethereum ETF Staking, Projects 3.2% Yield

In the latest move from asset managers, BlackRock is reportedly looking to include staking in its future Ethereum ETFs, providing investors 3.2% annual yield. BlackRock’s head of digital assets, Robert Mitchnick highlighted this strategic move. It seeks to entice institutional investors into Ethereum ETFs by providing a mix of capital...