NFT markets, collections, and digital-collectible infrastructure. 6 stories curated by CryptoCatalyst.
Blur will close its marketplace website on Nov. 12, after monthly trading volume plunged from about $1.43 billion at its 2023 peak to under $7 million. The shutdown also follows the announcement that sister project Blast is winding down, and Blur plans to stop issuing new Blend loans.
Magic Eden alerted users that old Ethereum NFT listings were vulnerable to an exploit in Limit Break's Payment Processor V2. Whitehat hackers rescued over 23,000 NFTs, valued at $5.7 million, before any were stolen. Users are urged to revoke NFT permissions to stay safe.
Federal prosecutors have charged Taj Tarsha, founder of an NFT startup, with misusing $10 million in investor funds for personal expenses. This case highlights ongoing concerns about transparency and accountability in the crypto sector.
Pudgy Penguins, the NFT-born franchise, is expanding into physical retail with its Vibes Series 3 trading cards now available at Target stores across the US. This marks a significant move for the brand as it bridges the gap between digital collectibles and mainstream commerce.
The Bored Ape Yacht Club creator now holds more than 60 rescued NFTs in its custody as it works to return them to their rightful owners.
OpenSea's CMO Adam Hollander believes AI advancements will make it easier to tokenize real-world items like Pokémon cards, Rolexes, and tickets. This could bring more mainstream attention to NFTs by making them more accessible and practical.