Bankrupt crypto hedge fund 3AC’s NFT auction fetches $2.5M

The auction for parts of bankrupt Singaporean cryptocurrency hedge fund Three Arrows Capital’s (3AC) nonfungible tokens (NFT) collection fetched $2.5 million at its conclusion on May 19. Facilitated by fine arts broker Sotheby’s, collectibles on sale included Tyler Hobbs Fidenza #725, Larva Labs Autoglyph #187 and Tyler Hobbs Fidenza #861. The highest sale amount was Tyler Hobbs Fidenza #725 at $1 million. In response to the news, Kyle Davies, co-founder of 3AC, wrote: “NFT grails mooning on Sothebys, WorldCoin scanning millions of eyeballs, Aptos the next Solana 3AC Portfolio is on…

NFT Collection Deadfellaz Launches Streamingfellaz, a Video Utility Extension

Called Streamingfellaz, the tool will let Deadfellaz token holders, also known as The Horde, to utlize the collection’s intellectual property (IP) beyond the artwork itself. Holders can represent themselves as their Deadfellaz NFT on platforms including Google Meet, Twitch, Zoom and YouTube, tracking users’ movements and body language to bring their tokens to life on screen. Source

Paraspace NFT protocol co-founder resigns after failing to overthrow CEO

The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took another turn on May 19 as co-founder Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO against each other. The decision by Yao to leave the firm came a week after the Parapace team clashed with the CEO Yubo Ruan about the missing funds. Ruan at the time maintained that he was innocent and being framed…

NFT Monthly Trading Volume Down, Sales Consistent: DappRadar

Sara Gherghelas, a blockchain analyst at DappRadar, told CoinDesk that the number of NFT sales appears to be on track to reach or surpass last month’s numbers, as opposed to trading volume, which is significantly lagging behind last month’s count. In her view, this could signal that there are more NFT traders in the market making smaller dollar-figure trades. Source

NFT Creator – Cointelegraph Magazine

With a total artwork value of $24 million Trevor Jones is one of the Top 10 most successful crypto artists worldwide. Trevor Jones’ journey to crypto art stardom started the same way as many crypto noobs: His portfolio went way up, he failed to take profits, and the price came crashing down wiping out the paper gains. A traditional painter, Jones always wanted to explore the intersection of art and technology, and he experimented with QR code oil paintings in 2012 and dived into AR art in 2013.  But it was…

Bitcoin Frogs outpaces Bored Apes as the most popular NFT

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the last 24 hours, Bitcoin Frogs has surpassed Bored Apes as the most exchanged collection of non-fungible tokens (NFTs).  This achievement represents a significant step forwards for the developing Ordinals market. The collection has produced $2m worth of trading activity thanks to its roughly 700 individual transactions. Top 10 NFT sales snap | Source: CryptoSlam According to the statistics provided by CryptoSlam, the well-known Bored Ape Yacht Club, which now holds the distinction of having…

US Secret Service has an NFT collection: Nifty Newsletter, May 10–16

In this week’s newsletter, read about the United States Secret Service’s nonfungible token (NFT) collection, and how Elon Musk’s tweet caused a surge in an NFT collection’s floor price. Check out how someone tried to sell an image for Bitcoin (BTC) months before the infamous Bitcoin Pizza Day, and learn about LG’s new patent for an NFT-trading TV. And don’t forget this week’s Nifty News, featuring the popular gaming franchise Assassin’s Creed revealing its “smart collectibles.”  Secret Service owns crypto, loves blockchain and has an NFT collection: Reddit AMA In…