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...
Just last month, OpenSea considered asking federal regulators for an exemption from federal securities regulations. On the surface, this might look like a self-interested call from the major NFT player to maintain its dominant position. Perhaps it is, in part. Look closer. This isn't just about OpenSea protecting its bottom...
Recently, OpenSea, the largest NFT marketplace, made an unprecedented move. Specifically, they petitioned the U.S. Securities and Exchange Commission (SEC) to exempt NFT platforms from federal securities regulations. OpenSea’s legal counsel, Adele Faure and Laura Brookover, called out SEC Commissioner Hester Peirce as well as the SEC Crypto Task Force....
Let's cut to the chase. You see the headlines: XRP is attracting institutional investment while Ethereum is bleeding capital. To the casual observer, this likely looks like yet another crypto pump, yet another temporary blip, another flash in the pan. I’m here to tell you, as someone who’s been through...
Let's be blunt. Think of the entire crypto market as a toddler throwing a tantrum, and Donald Trump as the parent with the television remote. One minute, he's promising to be crypto-friendly, the next he's hinting at tariffs, and the whole damn thing swings wildly. We saw it this week....
Let’s face it, for many people outside the traditional financial system, it’s a rigged game. We're saddled with student loan debt, stagnant wages, and a housing market that's laughably out of reach. Instead, they ask that we pull ourselves up by our bootstraps. At the same time, they succeed in...
The CloneX incident – art disappearing as a result of a Cloudflare terms of service infringement – was not an isolated occurrence. It’s a very loud and very bright neon sign blinking directly at all the very real cracks in the foundation of our NFT infrastructure. Let's be blunt: it...
Who could forget when Web3 was going to free us as digital entrepreneurs and disintermediate everything? Decentralization! Ownership! Freedom from the clutches of Big Tech! Yeah, about that…For example, just last week, Cloudflare blocked access to RTFKT’s CloneX NFT artwork. This move dramatically exposes the emperor’s lack of raiment. Or,...
I think of Sarah, a smart, young, dynamic college student that I met just a few months ago. For one, predatory banking fees were sucking her single dollar at a time. Already feeling totally shut out from significant investment opportunities, she felt the weight of the world on her chest....
Mahomes launching "The Museum of Mahomes"? It's got my attention, but as someone who's seen trends come and go, I'm asking: is this a touchdown or an interception?NFT Craze: The New Beanie Babies?Let’s face it, the NFT marketplace hardly resembles old-school technology innovation and more closely resembles the dot-com bubble...
Patrick Mahomes. The name itself evokes an entire mythology of no-look passes, Super Bowl championships and a seemingly infinite reservoir of charm. He's a cultural icon. Now, he's stepping into the world of NFTs with "The Museum of Mahomes," and while the ambition is clear, I can't help but wonder...