Tag: nft

SEC Ends Two-Year Investigation into NFT Project CyberKongz

SEC Ends Two-Year Investigation into NFT Project CyberKongz

The Securities and Exchange Commission (SEC) has ended its two-year investigation into the CyberKongz NFT project. The inquiry specifically focused on misleading claims made about the project’s BANANA token. It asked the question of whether that token ought to have been registered as a security. Today, CyberKongz posted an announcement...

CyberKongz Escape Exposes SEC's Web3 Blind Spot, Where's the Protection?

CyberKongz Escape Exposes SEC's Web3 Blind Spot, Where's the Protection?

So, on its face, the news that the SEC has closed its two-year investigation into CyberKongz is a huge win for Web3. Don’t be fooled. This is a blatant red flag. It underscores the SEC’s dangerously naive approach to this rapidly evolving space and raises alarm bells about the harm...

CryptoPunk #3100 Resells for $6M, Reflecting NFT Market Shift

CryptoPunk #3100 Resells for $6M, Reflecting NFT Market Shift

And a rare CryptoPunk #3100 just sold for 4,000 ETH, over $7 million. This famous NFT from the CryptoPunk collection is currently valued at about $6.08 million at today’s market prices. This figure is among the largest seen in the NFT space. While still a notable amount, it represents a...

Monad's Testnet Fuels NFT Frenzy, Cultivating Thriving Web3 Community

Monad's Testnet Fuels NFT Frenzy, Cultivating Thriving Web3 Community

Monad is rapidly emerging as a Web3 heavyweight. Between its recently launched APEX testnet experiencing rapid growth and the establishment of a fun, energetic, and collaborative ecosystem. This rapid escalation in activity has made Monad one of the most exciting early-stage opportunities across the entire crypto landscape. The platform's community-first...

NFT Market Sees Sales Dip Amidst Regulatory Scrutiny

NFT Market Sees Sales Dip Amidst Regulatory Scrutiny

The nonlinear NFT market was down, with sales down 4.7% to $94.7 million. At the same time, several collections and blockchain platforms proved highly resilient during this blender. Amidst the fluctuating sales figures, OpenSea has requested clarity from the U.S. Securities and Exchange Commission (SEC) regarding the classification of NFTs...

NFT Sales Dip: Is This the End, or Just a Market Correction?

NFT Sales Dip: Is This the End, or Just a Market Correction?

The NFT market, once a seemingly unstoppable force in the crypto world, has experienced a significant downturn, leaving investors and creators wondering about its future. Token ATH! is going to dig in to the totality. With caution, they’re offering a sober assessment of where we are right now and what...

NFT Panic? Why This Dip Is a Healthy Market Correction

NFT Panic? Why This Dip Is a Healthy Market Correction

Let's be blunt: the headlines screaming about an "NFT crash" are overblown. If these numbers are any indication, that is a troubling prospect. Sales volume has dropped 4.7%, showing there are less buyers and sellers, all lined up with recent downturns in crypto prices. So what? This isn't a crisis;...

NFTs' $700 Billion Boom: Why Government Should Stay Out of the Way

NFTs' $700 Billion Boom: Why Government Should Stay Out of the Way

Let's talk about the elephant in the digital room: the projected massive growth of the NFT market. I’m not exaggerating when I say that we’re discussing an increase of $36.23 billion this year, to an extraordinary $703.47 billion in 2034. That's not just growth; that's an explosion. Not surprisingly, some...

NFT Market Set to Surge, Reaching $703.47 Billion by 2034

NFT Market Set to Surge, Reaching $703.47 Billion by 2034

The non-fungible token (NFT) market has poised itself for success. Experts expect it to grow to an astonishing USD 703.47 billion by 2034. Three main factors are fueling this spread. As the overall digital assets ecosystem becomes clearer and increasingly easier to navigate, leading companies such as Meta Platforms Inc....

OpenSea 2.0 & SEA Token: A New Era for NFT Trading?

OpenSea 2.0 & SEA Token: A New Era for NFT Trading?

OpenSea, the king of the Non-Fungible Token (NFT) marketplace, recently announced its new platform, OpenSea 2.0 (OS2). With this fantastic announcement, they launched their native token, the SEA token. This launch is a huge, bold, strategic pivot for the company. Its purpose is to address past shortcomings and stay in...