Author: Jeremy Ryan

One of the CrypToadz non-fungible tokens (NFTs), whose average price doesn’t exceed $1000, was bought for an astonishing 1,055 Wrapped Ethereum (WETH), an equivalent to $1.6 million. The deal occurred on the OpenSea market on Oct. 9. The NFT represents “a small, warty, amphibious creature,” one of the 6969 units minted by the pseudonymous digital artist Gremplin. The CrypToadz collection was launched during the NFTs boom in 2021 and surpassed a trading volume of 12,000 ETH ($38 million) during its first ten days on the market. The purchasing wallet was funded by a wallet that has been pulling money out…

Recently in an event in Charleston, the famous digital artist Beeple and Yuga Labs came together to unleash physical prints of the highly popular CryptoPunks NFTs. This occasion is part of a bigger movement to ensure that digital artworks are close to their traditional counterparts by unveiling physical editions. As part of the initiative, Yuga Labs and Beeple are set to offer a physical dimension to CryptoPunks non-fungible tokens (NFTs). The 2-Day Printing Extravaganza On October 26, 2023, Yuga Labs will open a 48-hour window to facilitate the printing of the NFTs in two unique events: 10,000 On-Chain and Punk…

A seven-figure sale of a CrypToadz NFT on Ethereum wasn’t all that surprising during the market mayhem of late 2021. But such a sale today, amid significantly weakened demand for NFT assets, is sure to stand out. And today’s $1.6 million purchase of a CrypToadz NFT is raising some red flags, too, thanks to a connection to Tornado Cash. CrypToadz #4030 was purchased today on the OpenSea marketplace for 1,055 Wrapped Ethereum (WETH), or more than $1.6 million worth. The buyer also paid OpenSea a fee of almost $42,000 worth of ETH on top of the base price. The amount…

Despite facing sanctions from the U.S. Treasury in August 2022, Tornado Cash continues to dominate as the premier crypto mixer on the Ethereum network. Recent data from crypto analytics firm Arkham reveals that a staggering $77.35 million in assets passed through Tornado Cash contracts on the Ethereum Mainnet in just the last month. An impressive comeback The mixer, which operates across seven different chains, has made a name for itself by allowing users to obfuscate transfers of ten distinct crypto assets, with native ETH on the Ethereum mainnet being the most popular. At its height in July 2021, Tornado Cash…

Retired NFL players will have an opportunity to tap into new revenue streams, including NFT collectibles for fans, through the NFL Alumni Association’s new partnership with Aventus. The firm, which operates a Polkadot parachain, will leverage the name, image, and likeness of retired players to create NFTs of those who opt into its new offering. NFL Alumni is a nonprofit organization that is tied to the National Football League but is independently operated, and spans thousands of former players, coaches, front office executives, spouses, cheerleaders. The organization helps former pro players with discounts on travel, health care, and legal representation,…

SAGE Labs, the browser-based sci-fi game experience on Solana from the Star Atlas team, saw over 2.29 million transactions on Sunday—surpassing the total for the entire Polygon network by about 256,000 transactions. According to data from analytics platform Flipside Crypto, Star Atlas’ SAGE Labs experience has seen over 16 million total transactions since it launched last month. The browser game is a fully on-chain experience, with nearly every interaction requiring the user to sign with their wallet on the Solana blockchain, triggering a small gas fee to verify each transaction. SAGE Labs is a 2D space management simulation experience that’s…

China Daily, an English-language newspaper owned by the Publicity Department of the Chinese Communist Party, wants to create its very own metaverse and nonfungible tokens (NFTs) platform. According to a recent announcement, China Daily is awarding 2.813 million Yuan ($390,000) to a third-party contractor that can design the NFT platform within its budget specifications. The contractor can be “either a Chinese or foreign” firm specializing in blockchain, China Daily wrote. In addition, the mainnet of the blockchain firm that wins the contract must be capable of handling upwards of 10,000 transactions per second. Contractors will have until Oct. 17 to…

The Prologue for Skyborne Legacy is now live, giving players a chance to send their Heroes on quests, gather loot, and perhaps even get their hands on a rare and valuable chest! The time has come for the Heroes of Skyborne Legacy to get to work! In the recently released Prologue for Skyborne Legacy, players can send their Heroes on missions, gather loot, and try even more difficult missions! Skyborne Legacy Prologue The prologue opened up on October 4th and is available to anyone holding a Nexian Gem. You will also need at least one Hero to quest with, though…

Crypto winter put the NFT market into a deep freeze, causing sales and royalties to plummet. But the impact of Blur taking over the marketplace arena by doling out generous incentives and introducing a radically reduced royalty structure has made it even harder for other companies in the space. That’s especially when it comes to top NFT studio Yuga Labs that was once valued at $4 billion. The creator of celebrated collections like Bored Ape Yacht Club and Mutant Ape Yacht Club announced last week that it’s laying off staff — and it may well be a consequence of drying…

The curated marketplace celebrated for making art more easily accessible, Avant Arte, joins forces with Yuga Labs to bring all CryptoPunks into the physical art realm through two limited-edition tangible prints: ‘10,000 On Chain’ and ‘Punk On-Chain’.Printmaker maestros at London’s ‘Make-Ready’ are preparing to craft the Avant Arte CryptoPunks prints meticulously, available for just 48 hours from October 26 for €600 a piece.The tangible 10,000 On Chain artwork showcases all 10,000 Punks in one singular 60cm x 60cm UV pigment print, sealed with silkscreen matte varnish. Available for anyone and everyone, collectors will receive both a physical and digital certification…