Hypurr’s $300 million market cap and soaring floor price reflect expectations it will serve as a high-signal loyalty pass for future rewards.
Last month, Ethereum Foundation made similar announcement when it said would convert 10,000 ether (worth $43.6 million at the time).
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The collection has seen around $45 million worth of trade volume, with the NFT floor price currently set near $68,900.
The SEC's Hester Peirce alluded to regulators turning a new chapter for cryptocurrency and urged "quick progress" for the industry's growth.
Pokémon cards have been the talk of the town over the past few days, and Collector Crypt has been at the center of the attention.
OpenSea will "start sweeping millions in tokens and NFTs into a massive prize vault" using 50% of all platform fees beginning Sept. 15.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The game does not include the PENGU token at launch, but Pudgy Penguins and Mythical Games are exploring "interesting ways" to add tokens.
The physical hat associated with the iconic photo of Achi, the dog behind the Dogwifhat memecoin, sold via auction on Ord City for 6.8 BTC.
Amid a collapsed NFT market, Yuga Labs in recent months has been forced to sell prime brands like Moonbirds and CryptoPunks.
The gallery has installed three of a planned 21 copies of the statue around the world honoring Bitcoin's pseudonymous creator.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The IP token, which launched in February, is currently trading at around $6.4, up about 125% in the past month.
A U.S. appeals court overturned former OpenSea employee Nathanial Chastain's fraud and money laundering convictions.
The surge in interest in the series was likely caused by GameSquare issuing $5.15 million in preferred shares to purchase Punk #5577.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Unlike many ETH treasury plays, GameSquare is looking to maximize returns by deploying into novel sectors like DeFi and NFTs.
Takashi Murakami said he is launching '108 Flowers Revised' collectible cards as NFTs, available on the Base app.
The court vacated the previous $9 million ruling against Ryder Ripps, sending the case back to a lower court for a trial.
GameSquare recently purchased $30 million worth of ETH, acquiring approximately 8,351 tokens at an average price of $3,592 per ETH.
The NFT market appears to be benefiting from the broader bullish sentiment in the crypto sector, analysts said.
NFT trade volume on Ethereum has more than tripled over the past two weeks, coinciding with ETH's rise in price.
The move marks the popular memecoin generator’s first acquisition and comes days ahead of the platform's much-anticipated ICO.
The memecoin is currently trading above $0.21, about 66.13% away from an all-time high set in November 2024.
It's not the famous rapper's first foray into the industry, having been actively involved in NFTs and crypto for over a decade.
Capital will support the development of the open-world shooter "Reaper Actual," slated for release on Steam and the Epic Games Store.
Alex Atallah previously co-founded OpenSea with CEO Devin Finzer in 2018 but stepped down from the NFT marketplace in 2022.
OpenSea's new rewards program and broader utility-focused developments signal a shift from speculation to functional use cases.
The application, called Take My Ape, uses a process known as Liquifaction that allows users to take control of a Bored Ape NFT that they do not own for a limited period.