GameStop to Wind Down NFT Marketplace Amid ‘Continuing Regulatory Uncertainty’
January 18, 2024

GameStop is getting out of the non-fungible token (NFT) arena. In an update posted on its GameStop NFT website, the company said it has decided to wind down its NFT marketplace “due to the continuing regulatory uncertainty of the crypto space.” “Effective as of February 2, 2024, customers...

OpenSea Wants NFTs to Evolve as Market Plunges 63%
January 14, 2024

Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assets fell 63% to $8.7 billion in 2023, even with volume tripling between October and November, Bloomberg News reported Sunday (Jan. 14), citing data from CryptoSlam.  As that report notes, NFTs...

Millions in Mutant Ape/Bored Ape NFTs Swiped in Hack
December 17, 2023

Hackers have apparently stolen millions of dollars worth of non-fungible tokens (NFTs) in a recent security breach. Peer-to-peer trading platform NFT Trader confirmed the breach on X Saturday (Dec. 16), saying it had “suffered an attack on old smart contracts.” And the website said that the...

US Crypto Clampdown Continues as SEC Wins NFT Enforcement
August 29, 2023

The year 2023 will forever be remembered as the year the U.S. Securities and Exchange Commission (SEC) went to war with crypto. Determining who is truly trying to innovate a new and exciting financial category, versus who is a digital asset scam artist, remains among...

Mattel to Launch P2P Virtual Collectibles Marketplace
April 20, 2023

Toymaker Mattel is turning its virtual platform into a peer-to-peer (P2P) marketplace for collectors. The company announced the forthcoming update in a Thursday (April 20) press release, saying the Mattel Creations Virtual Collectibles Platform will begin allowing owners of Mattel virtual collectibles to display, trade...

Ticketmaster and Avenged Sevenfold Score With NFT for Event-Gating
March 27, 2023

Event ticketing leader Ticketmaster appears poised to scale an experiment with NFTs enabling holders of certain tokens to get special access and discounts to events. As reported by crypto newsletter Decrypt on Monday (March 27), Ticketmaster announced it is enabling holders of the NFT called...

NFT Marketplace Magic Eden Cuts 22 Jobs
February 14, 2023

Solana-based NFT marketplace Magic Eden is laying off 22 workers amid corporate restructuring. Company CEO and Co-founder Jack Lu announced the job cuts Monday (Feb. 13) on Twitter and via a post on Magic Eden blog. He said the cuts came after the firm had...

Amazon Enters Web3 Jungle With NFT Initiative Launching This Spring
January 26, 2023

Amazon is making its first move into the crypto industry. And the eCommerce giant is targeting non-fungible tokens (NFTs), not cryptocurrency. That’s per a Blockworks report published Thursday (Jan. 26) revealing the online retailer’s plans to launch an NFT initiative this coming spring. The report...

Feds Allege Mutant Ape Planet NFT Developer Defrauded Buyers
January 05, 2023

The developer of Mutant Ape Planet non-fungible tokens (NFTs) has been charged with defrauding buyers.  The U.S. Attorney’s Office of the Eastern District of New York said in a Thursday (Jan. 5) press release that Aurelien Michel was arrested Wednesday (Jan. 4) and charged with defrauding the buyers...