Report shows more than $100M worth of NFTs stolen since 2021
Cryptocurrency risk management company Elliptic claims in a recent report showed more than $100 million and nonfungible tokens, or NFTs were stolen by criminals in the year 2021. According to Elliptic’s NFTs and Financial Crime research, which was published on Wednesday, in the 13-month period between July 2021 and July 2022, crypto users have fallen […]
GameStop NFT marketplace sees under $4K daily revenue
GameStop NFT marketplace’s daily income has fallen to below $4,000, indicating a sharp decline in interest as gloom infects markets. GameStop NFT has produced almost $166,800 in sales volume during the last 24 hours, according to data from DappRadar. With the platform only taking a 2.25 percent cut of NFT sales, that only amounts to […]
First limited-edition AFL NFT drop sells out in less than 12 hours
After selling out in the initial drop, the limited edition digital packs had a retail price of 34.39 USDC each, raising almost $130,000. The inaugural limited-edition release of nonfungible tokens (NFTs) from the Australian Football League (AFL) received a fervent response on Wednesday, selling out in just under 12 hours. The football league released Ripper […]
TINA.org calls out 19 celebrities for promoting NFTs
Consumer watchdog group Truth in Advertising believes celebrities marketing NFTs on social media is rife with misinformation. Truth in Advertising (TINA.org), a watchdog organization for consumers, has accused 19 celebrities of endorsing non-fungible tokens (NFTs) without declaring their affiliation with the projects. On their website, the non-profit organization that promotes consumer rights claimed to have […]
Axie Infinity removes token rewards from its traditional game mode
Axie Infinity (AXS), a play-to-earn (P2E) blockchain game, has completely cut off the token incentives users gain from playing its traditional game mode in an attempt to draw players to its new game Axie Infinity Origin. The Smooth Love Potions (SLP) that can be obtained in the game’s traditional mode will stop being produced as […]