A glitch in OpenSea appears to have caused the loss of approximately $100,000 in NFTs
It is estimated that a total of 42 NFTs were consumed as a result of the system problem during the course of 30 transactions. User-owned NFTs worth 28.44 Ether (ETH), or approximately $100,000 at the time of writing, have been reported to have been wiped due to a glitch on OpenSea’s marketplace, according to reports. […]
Matt Furie requests the removal of a frog-themed NFT project worth $4M from OpenSea
The Sad Frogs District NFT project was delisted from OpenSea, prompting the Sad Frogs team to file a counter DMCA with the NFT marketplace. Matt Furie, the creator of the popular and occasionally controversial Pepe the Frog meme , requested that a $4 million frog-themed NFT project be withdrawn from OperSea due to copyright infringement. […]
Ethereum supply soars briefly into deflation as gas fees rises
So far, a surge in gas fees and Ethereum burn rates has resulted in the creation of nearly 800 deflationary blocks. Since Ethereum’s London update last week, its potential deflationary features have already been demonstrated in operation on the blockchain, with around 800 “deflationary blocks” having been generated so far. A surge in the Ethereum […]
Aftermath of the London upgrade: Ethereum network burns $395K ETH per hour
A total of 2.3 Ethereum per minute or $6,600 is being consumed at the current rate. By using the new transaction fee mechanism, which was implemented as part of Ethereum’s London upgrade on August 5, approximately 2.3 ETH is burned every minute. Last week, the much-anticipated London hard fork went live, ushering in the EIP-1559 […]
Daily transaction volume on OpenSea exceeds its 2020 total
OpenSea, the leading NFT marketplace now processing more volume of transactions a day than it did for the whole year in 2020. Devin Finzer, the co-founder and CEO of OpenSea , tweeted on August 2 that the platform had processed $95 million in two days. Finzer estimates that OpenSea processed $21 million in traffic throughout […]