Ethereum NFT platform Foundation shuts down after failed Blackdove sale
Foundation is shutting down after a failed sale to Blackdove, having processed about $230 million in NFT primary sales since its launch in 2021.
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Yuga Labs settles lawsuit against artists accused of copying its NFTs
Yuga Labs first filed a lawsuit in June 2022, accusing Ripps and Cahen of copying its Bored Ape Yacht Club cartoon ape images and selling lookalike NFTs.
Decentralized crowdfunding can boost artists during market downturn
Decentralized crowdfunding supports NFT artists through market crashes. Onchain purchases deliver direct capital and visibility when centralized platforms fail.
SEC Chair explains why NFTs typically fall outside of securities laws
Paul Atkins says nonfungible tokens are typically collectibles, not investment contracts, as the agency outlines new categories of digital assets outside securities laws.
OpenSea postpones SEA token launch, citing ‘challenging’ conditions
OpenSea’s SEA token was first announced last October, when the platform revealed it would be transitioning from an NFT marketplace to one that can “trade everything.”
NFT lending protocol Gondi says platform secured after $230K exploit
Gondi said only the Sell & Repay smart contract was affected and that it is safe to continue buying, selling, trading and listing NFTs on the platform.
Flow Foundation seeks court order to block FLOW delisting on Korean exchanges
Flow Foundation is seeking a Seoul court order to halt planned FLOW delistings on three Korean exchanges following a December exploit that duplicated tokens.
Pudgy Penguins accused of infringing Original Penguin trademark
The company behind the clothing brand Original Penguin has accused Pudgy Penguins’ clothing merchandise of infringing on its trademarks.
Magic Eden winds down EVM, Bitcoin NFT markets to focus on gambling
Magic Eden is shifting resources from NFTs to its casino platform Dicey, after a closed beta saw $15 million wagered by around 200 users in two months.