NFTs
OpenSea Ethereum trading volume declines 13% as BAYC floor switches platforms
DappRadar data shows that the trading volume of other layer1 blockchain networks NFTs trading on OpenSea is up except that of Solana and Ethereum.
NFT
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Taxes
US tax watchdog classifies NFT as digital assets for tax purposes
NFT investors must report all taxable NFT incomes for the 2022 tax year as the IRS now considers NFTs digital assets like cryptocurrencies.
NFTs
First post-Merge Ethereum NFT minted for $60K
The NFT is part of a panda face collection commemorating Ethereum's transition to PoS.
NFTs
New York museum plans to buy NFTs from art auction proceeds
Some of the art pieces likely to be sold include Pablo Picasso's "Guitar on a Table" and Francis Bacon's "Three Studies for a Portrait of Henrietta Moraes."
NFTs
Pumping Parrots NFTs see 753% increase in sales volume with pyramid scheme model
Pumping Parrots markets itself as a pump-and-dump opportunity for collectors to make money before the Merge.
NFTs
Big brands start seeing revenue from their NFT sales
While most legacy brands made profits from their NFTs, Nike's collection generated $187.27 in revenue for the company and saw $1.29 billion in volume on the secondary market.
NFTs
How this NFT whale lost $150K to a ‘joke’
Franklin admits there is a "0% chance" he would get back his funds as some crypto community members troll him for his loss.
Hacks
Hackers steals $400K in NFTs from Premint users via malicious link
Blockchain security company, CertiK confirmed that the hackers stole over 300 NFTs, which included NFTs from prominent projects like BAYC, Goblintown, and Otherside.
Bear Market
Crypto winter touches OpenSea, sacks 20% of staff
Finzer said affected workers would receive severance and health insurance until 2023 alongside an accelerated equity vesting.
NFTs
Reddit launches NFT marketplace compatible with Ethereum
Reddit said the NFTs were minted on Polygon, and royalties from its secondary sales would be shared equally with artistes who worked on the project.
Exchanges
Goldman Sachs says Coinbase may need to sack more workers; downgrades its stock rating to sell
Goldman Sachs predicts that Coinbase revenue could decline by 61% because of the current market conditions that have affected retail traders.
NFTs
Goblintown boom leaves crypto community confused and divided
Goblintown is one of the most traded NFTs in the last 30 days, it has a trading volume of over $43 million since launch.