• The Illusion of Scarcity: Why NFTs Are Neither a Good Investment nor a Good Business
  • Money in the NFT Market in 2023
  • NFTs and Web3: How Blockchain is Creating a New Economy for Digital Art and Collectibles
  • The NFT MEV Landscape
  • NFTs

    MoonPay CEO Ivan Soto-Wright is turning to a unique metric to measure mass adoption for NFTs. “We really want to pass the mom test,” he said in a recent interview with Decrypt at this year's NFT Paris. "We want to make it really easy, for anyone, anywhere in the world, to be able to use their debit and credit card, payment methods, we want to localize that experience to make it easy for them to purchase their first crypto or their first NFT.” The ultimate goal is the company’s mantra of “onboar...
    Mar 16, 2023
    Moonpay CEO: 'We Really Want to Pass the Mom Test' for Mass NFT Adoption
  • NFTs

    Bored Ape Yacht Club creator Yuga Labs on Wednesday opened the minting of its newest NFT collection, HV-MTL, through a so-called “summoning” process in which owners of Sewer Pass NFTs can burn—destroy—them in exchange for robots described as Mechs. First look at the new @yugalabs collection 👀 HV-MTL (Heavy Metal) pic.twitter.com/ySegrBWJOm — Ben Jammin 🍌 (@xBenJamminx) March 15, 2023 HV-MTL (Heavy Metal) is a collection of 30,000 "Evo 1" Mechs that Sewer Pass NFTs release from a "Power Sourc...
    Mar 16, 2023
    Bored Ape Sewer Pass NFTs Can Be Transformed Into Robots
  • NFTs

    The NFT space was booming last March when Formfunction—a Solana marketplace focused on one-of-one, single-edition artwork—announced that it had raised nearly $5 million in funding from prominent backers. Just one year later, however, amid changing tides in the NFT world, Formfunction revealed that it’s closing up shop. The company announced the decision today, writing that it will shutter its NFT marketplace on March 29. In a blog post, the founders did not offer much detail into what prompted t...
    Mar 15, 2023
    This NFT Marketplace Raised $4.7M From OpenSea and Others—Now It’s Shutting Down
  • NFTs

    Customer relationship management software firm Salesforce has launched Salesforce Web3, an NFT management platform to help its clients create token-based loyalty programs.  Businesses can mint and sell NFTs, monitor blockchain activity, and view real-time customer data on Salesforce Web3, which launched today with subscription tiers. The roll out comes after a pilot program of 257,000 transactions with Salesforce clients such as whisky brand Crown Royal, clothing brand Scotch & Soda, and Mattel,...
    Mar 15, 2023
    Salesforce Rolls Out Platform for Big Brands to Create NFT Loyalty Programs
  • NFTs

    Nearly two years after holding its first NFT artwork sale, storied auction house Sotheby’s has revealed its next Web3 moves—including an auction of digital art inspired by a popular internet phenomenon that started on Reddit, which will be held both in Paris and in the metaverse. The "Natively Digital: Oddly Satisfying" auction will feature an array of digital artwork inspired by “oddly satisfying” web videos, a trend that began with a subreddit community on Reddit in 2013. The community is focu...
    Mar 15, 2023
    Sotheby’s to Auction ‘Oddly Satisfying’ Reddit-Inspired NFTs In the Metaverse
  • NFTs

    Barely one year after announcing plans to allow sharing of digital collectibles on its Instagram platform, Meta is pausing the project. Meta Commerce and Fintech lead Stephane Kasriel announced the change on Twitter. The tech and social media giant is winding down its digital collectibles initiative “to focus on other ways to support creators, people, and businesses,” Kasriel wrote. Last year, Meta made a big push into digital collectibles after Mark Zuckerberg, CEO of Instagram’s parent company...
    Mar 13, 2023
    Meta ‘Winding Down’ Instagram NFT Support to Focus on Creators