DOJ Files Charges Against Alleged 'Mutant Ape Planet' NFT Rug Pull
The U.S. Justice Department announced Thursday it had arrested and filed criminal charges against the founder of an NFT project it alleges “rug pulled” holders and defrauded them of $2.9 million in cryptocurrency. Aurelien Michel, 24, the founder of Ethereum NFT collection Mutant Ape Planet, was arrested last night at JFK airport in New YorkvCitvy by federal authorities on wire fraud charges. Michel, a French citizen, resides in the United Arab Emirates (UAE).
NFT Protocol Collection Creates DEX for Instant NFT Trading
NFT protocol Collection launched an NFT DEX protocol that allows users to create liquidity pools for NFTs that target specific criteria.
NFT-Related Trademarks Saw Parabolic Decline After March 2022
NFT-related trademarks fell for 10 straight months after March of 2022.
Apecoin, Decentraland Rise Amid Report NFT Sales ‘Not Badly Off’ in 2022
Non-fungible tokens (NFTs)-related cryptocurrencies surged Thursday on the report that the asset class did not perform poorly in 2022, despite the bear run. According to data from DappRadar, NFT sales volumes in 2022 ducked to $25.1 billion from $24.7 billion in the prior year.
Resistance to Change — The Trials and Tribulations of Web 3 Gaming
The internet may have bullied NFTs out of mainstream games but in the next decade, the most prominent and profitable games will all be built around blockchain technology and there is nothing that can be done about it.
NFT December Sales Surge to Highest Since June Amid ‘Tax-Loss Harvesting’
Global NFT sales rose 22.7% in December from the previous month, which appears like a robust surge in demand but is more attributed to holders selling and buying back digital assets to lock in tax savings.
Shopify Merchants Can Now Sell Avalanche NFTs Through Their Online Stores
If any of Shopify’s millions of merchants wants to sell NFTs, they don’t need to point customers to a dedicated marketplace like OpenSea or Magic Eden. Instead, they can mint and list NFTs through their existing storefront through one of Shopify’s blockchain apps. Thanks to Venly, those NFTs can now be minted on Avalanche.
OnePlanet Integrates With Chainlink VRF
OnePlanet, which happens to be an NFT launchpad and marketplace, in association with Derby Stars, which happens to be a horse-themed NFT project, has successfully incorporated Chainlink Verifiable Random Function (VRF) on the Polygon mainnet. With this process of incorporation having been done with the absolute top-of-the-line decentralized network, they now have gained access to an encroachment proof and auditable way of randomness, which is required in the boosting of Derby Star’s Randombox NFT reveals. This incidentally is readily available on the marketplace of OnePlanet. For all of the users, this turns out to be indeed very beneficial and convenient as they are able to authenticate the fact that they have an even playing field where the minting of the unique NFTs is concerned.
Mumbai Indians Seeks Proposals To Build NFT Solutions
Mumbai Indians, a well-known cricket team, enter the world of digital collectibles called “Non-Fungible Tokens”. On January 2nd, 2023, India win Sports Private Limited (ISPL), the franchise’s parent company, announced the release of the Request for Proposal (RFP). Additionally, MI, a five-time IPL champion, is the first IPL team to become an NFT in an effort to increase its brand value globally.
Sports company Fanatics to sell stake in NFT firm Candy Digital
The sports collectible company Fanatics is divesting its stake in the NFT firm Candy Digital, according to reports from CNBC on Jan. 4.
