Pudgy Penguins, a prominent NFT collection, has announced a partnership with Mythical Games to develop a Web3-powered AAA mobile game on the Polkadot-based Mythos Chain, according to a May 30 statement. The game will launch in 2025, featuring the beloved Pudgy Penguins characters and their unique lore and humor. Pudgy Penguins Pudgy Penguins is one […]
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A community member said that Yuga Labs killed CryptoPunks with the new Super Punk World collection, while another threatened to sell their punk NFT.
The once-feverish NFT marketplace, where digital art and collectibles commanded millions, now resembles a deserted online bazaar. A new report paints a stark picture – a 97% plunge in trading volume since 2021 and a staggering 95% of NFT projects holding zero market value. This dramatic decline begs the question: is the NFT market headed […]
Physical versions of the popular Pudgy Penguin NFT collections are selling like hotcakes.
The memecoin “Jeo Boden” has taken the crypto world by storm, riding on the back of a lukewarm comment from former US President Donald Trump. The whimsical cryptocurrency, a playful misspelling of President Joe Biden’s name, experienced a huge increase after Trump mentioned it at an NFT event in Florida. What was once a subject of amusement has now become a serious investment, as Boden surged 20% following Trump’s offhand remark. Related Reading: $20 On The Horizon For XRP? Unpacking A Potential 650x Surge And What It Means Trump Rally Or Fleeting Frenzy? Analysts Divided The cryptocurrency community has been divided over the impact of Trump’s mention of Boden. Some analysts, such as Samantha Wilkins, believe that any mention from a prominent figure like Trump is positive for the memecoin. They contend that Boden has shown to be a tenacious and astute investment, and that the excitement around it has only grown as a result of Trump’s remark. Trump Speaks on $BODEN at NFT Event “That’s a Lotta Money for a Coin, I Don’t Like That Investment” Audio Source: @realDannyNelson pic.twitter.com/8NcpuCc6ZI — db (@tier10k) May 9, 2024 However, some experts remain skeptical. They caution that Boden’s value is built on hype rather than utility, making it susceptible to swift market shifts. A single negative tweet from Trump or a change in market sentiment could cause Boden to come crashing down as quickly as it rose. Will Trump Re-Boden The Market? Adding another layer of intrigue to the Boden saga, the prediction platform Polymarket has created a contract speculating on the likelihood of Trump mentioning the memecoin again before July. Currently, the contract’s “yes” shares are trading at $0.05, indicating an 11% chance that Trump will utter the word “Boden” in the coming months. Source: Polymarket This unique situation presents an unusual scenario where the value of a memecoin hinges on the whims of a former president. If Trump revisits Boden in a future speech or tweet, it could trigger another surge in price. However, if he remains silent, the current hype surrounding Boden may fizzle out, leaving investors holding a depreciating digital punchline. Jeo Boden is currently trading at $0.2799. Chart: TradingView Boden: A Gamble On Speculation The rise of Boden serves as a cautionary tale for memecoin enthusiasts. While these tokens can offer explosive returns, their value is often tied to fleeting trends and external factors beyond their control. With the enigmatic Trump as a wildcard influence, the future of Boden remains uncertain. Related Reading: XRP All Talk, No Action? Social Media Booms, But Price Stuck In The Bear Pit Investors eagerly await the next chapter in this bizarre crypto story, as the saga of Boden continues to unfold. It is a gamble on speculation, where the coin’s value dances on the edge of uncertainty. The Boden phenomenon highlights the unpredictable nature of memecoins and the risks associated with investing in such volatile assets. Featured image from Reddit, chart from TradingView
Anyone who spent at least $4,653 on Trump’s “Mugshot” NFTs will be able to have dinner with the former president in Florida on May 8.
The funding aims to help developers with final-stage blockchain projects come to market and boost overall blockchain innovation.
Solana and Bitcoin trader activity surge, while Magic Eden trading volume rises on Ethereum, despite the lack of traders.
The post Solana and Bitcoin NFT trading hits record numbers appeared first on Crypto Briefing.
Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has announced a company restructuring and layoff for the second time in a little over six months. This announcement was made by the company’s CEO and co-founder, Greg Solano, who took the leadership position in February. ‘Lost’ Yuga Labs Needs To […]
Bored Apes were one of the most globally hyped NFTs in the last bull market, but have suffered amid a general lack of demand for NFT collections.
A new rug pull alert sounded on Tuesday after crypto detective ZachXBT unveiled on-chain details of an alleged hack suffered by an NFT project last month. The project’s CTO announced that a response was in the works but ultimately vanished as criticism grew. Related Reading: Trezor X Account Hacked: How Much Was Taken In The Fake Crypto Presale? Nuddies NFT, A Hack Or Rug Pull? On-chain sleuth ZachXBT revealed the alleged misuse of funds by the CTO of NFT project Nuddies NFT. In a now-deleted post, its CTO Kyle explained that the project was “derugged from its previous founder” and built differently from other NFT projects. A short investigation into how @kyledegods faked a hack and stole SOL from his project @NuddiesNFT before spending it on NFTs and lying to holders about how devastated he was about the incident. On March 3, 2024 Kyle made a post in his Discord server claiming his wallets had… pic.twitter.com/4ne6dtVyA5 — ZachXBT (@zachxbt) April 2, 2024 According to the crypto detective, Kyle faked a hack that seemingly stole the project’s funds. On March 3, the alleged culprit posted on the Nuddies NFT Discord server, informing us of the hack. The post affirmed that Kyle’s Mac was hacked despite “not clicking in any malicious link.” The CTO concluded that a “zombie process” was on his computer for an undetermined period. This “mini-program” gave control of the computer to “the hacker.” Through the TeamViewer app the attacker gained access to the project and Kyle’s wallets. The post further explained that 90 SOL, approximately $17,000 at today’s price, were taken from the Nuddies NFT creator wallet. Moreover, the hacker allegedly took control of Kyle’s Discord and stole 150 SOL, worth around $28,300, from his wallets. At the time, he claimed to be “mentally destroyed” by the loss of the project’s treasury money. SOL is trading at $188.43 in the 3-day chart. Source: SOLUSDT on Tradingview.com Nonetheless, the on-chain data compiled by ZachXBT tells a different story. Per the crypto detective’s post, the CTO allegedly lied to the holders and stole the 94 SOL, worth $12,000, when the incident occurred. The post reveals that the funds were transferred during that day from the Nuddies Royalty Wallet to an exchange deposit at 8:20 UTC. The on-chain investigator claims that a destination transaction was found using time analysis. The transaction to one of Kyle’s wallets accounted for 3.42 ETH, around $11,700, at 8:21 UTC. The ETH was seemingly used to buy two NFTs: DeGods 2921 and y00t 10991. The DeGod NFT was used as the CTO’s profile picture on X until yesterday. CTO Answers The Accusations, Then Vanishes The accusations didn’t go unnoticed by the suspect, who posted on his X account that he was “preparing the answer” with a wink face emoji. After changing his profile picture, Kyle answered some users’ questions about his credibility, to which he replied that his “conscience is clear.” Now-deleted post from Nuddies' CTO Kyle. Source: X In the early hours of Wednesday, Nuddies NFT account shared a now-deleted post informing that the creator wallet was “refilled with 12k USD.” In the post, Kyle reassured that his previous claims of intending to refill the wallet were authentic. The CTO also claimed he was “waiting for his $W airdrop” to fulfill his promise instead of selling his DeAsset. Additionally, he “stepped out” of the project after giving the access keys to two community members. Recovered excerpt from the deleted Nuddies NFT post. Source: X However, the story doesn’t end there. Kyle and Nuddies NFT’s account were deleted a couple of hours after the post. The Nuddies website seems not to be working, as reported by an X user. The project’s future is unsure as one of the community members to whom Kyle gave the access keys was unaware of the situation. Juiceddd, an NFT artist, is one of the two people in charge of the project. Related Reading: Arbitrum Beats Ethereum and Solana With 119% Surge In NFT Sales, NFT Resurgence On The Horizon? The artist explained that he was responsible for redrawing the entire Nuddies collection while adding “70+ new traits.” Moreover, Juiceddd stated that he “woke up this morning to being the owner of everything.” The artist is contemplating giving his perspective on the incident as he considers that it is generally the artist who “gets fucked” in these situations. Featured Image from Unsplash.com, Chart from TradingView.com
The post NFT Market 2024: Will It Observe Returns Like the 2021 Rally? appeared first on Coinpedia Fintech News
NFTs, or Non-Fungible Tokens, are distinctive digital assets recorded on the blockchain. So, what is an NFT trending for in 2024? NFT’s exceptional nature is attributed to high security and a strong shield against theft. NFTs date back to 2014 when the first NFT, Quantum, was created by Kevin McCoy and Anil Dash. NFT trading …
The NFT gaming platform is making key changes to its internal security framework after narrowly avoiding a $63 million hack.
CryptoPunk #7804 sold for 4,850 ETH, worth about $16.4 million, taking the record for the second-largest CryptoPunk NFT sale.
The transfers ranged from Bitcoin-based Ordinals Pepe (PEPE) coin to a CryptoDickbutts S3 NFT.
Polygon once hailed Starbucks
The collection sold out in less than three hours, with users being able to mint customized characters used in digital quests.
The U.K. started a consultation on its money laundering rules on Monday.
Starknet’s Gaming Committee will look to bankroll game devs as the blockchain’s activity keeps sliding and NFT floor prices drop even as ETH rises.
Metropolis, a 360-degree curated universe that blends commerce, gaming and experiences, has joined Cointelegraph Accelerator.
Chappyz, an AI-powered protocol that aims to increase conversational engagement in social media platforms, joins the Cointelegraph Accelerator program.
Solana-based nonfungible tokens have reached a new milestone, hitting $5 billion in all-time sales volume in February.
The platform, called SegMint, aims to streamline the sharing of access and ownership of self-custodied assets.
Injective has partenred with DEX DojoSwap to introduce the CW-404 standard.
Collectible firm Panini announced the launch of World Wrestling Entertainment’s digital Donruss Elite card set on its blockchain.
Belong, an app providing token-gated access to events, content and physical doors, has become the latest participant of Cointelegraph Accelerator.
Ether prices are set to close the month just over 2% higher, while major NFT indices have gained almost 10%.
The price of Ethereum is down against Bitcoin and Solana at levels not seen in years, prompting some critics to predict Ether’s “death” on social media.
Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were returned to their owners after Yuga Labs' Greg Solano and Boring Security DAO paid a bounty.