Nike earns $185 Million from NFT Sales
World’s renowned footwear company Nike (NYSE: NKE) has earned a whopping $185 million from the sale of its non-fungible tokens (NFTs) according to recent reports. Some of the top companies were fast to enter this industry, citing a significant rise in the NFT market the previous year. Along with Nike, other well-known brands including Dolce […]
OpenSea ex-product head files to dismiss insider trading charges
The defense team for the former head of product of Opensea explained why they don’t think their client is guilty. Nate Chastain, a former employee of OpenSea , submitted a motion to dismiss the indictment against him for an alleged insider trading conspiracy, claiming that the allegations made by the US government were false. Executives […]
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 […]
Solana wallet turns on grill to extinguish spam NFTs
Users of the Phantom wallet software can now delete spam NFTs that have been delivered by con artists thanks to a new Burn Token feature. Phantom, a wallet company with headquarters in Solana, has introduced a new burn feature that enables users to delete spam nonfungible tokens (NFTs) supplied by con artists. The new function, […]
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 […]