OpenSea CEO: NFT Insider Trading Case ‘Unfair’ Ahead of Trial
Former OpenSea executive Nate Chastain is set to face trial on Monday over an alleged NFT insider trading scheme. Chastain was charged with wire fraud and money laundering in June 2021 over trades made between January and September 2021, in which he allegedly used insider knowledge to buy NFTs before they were featured on OpenSea's front page and then sold them for profit. OpenSea CEO Devin Finzer has spoken out in support of Chastain, calling the case "unfair" and claiming it is affecting the former executive's mental health. The charges represent the first-ever case involving potential insider trading of NFTs, with each count carrying a maximum sentence of 20 years in prison. Chastain has filed five different motions to the court, including pleas to drop some evidence and to exclude terms like "insider trading," but Judge Jesse Furman has denied each motion. The final pre-trial conference is scheduled for Thursday.
How To Monetize a Blockchain Game
In this post, we’ll explore the history of game monetization, examine the challenges and opportunities that blockchain games present to traditional monetization models, and delve into the world of non-fungible tokens (NFTs) as a transformative force in gaming.
Trump's NFT Trading Cards Plunge in Value Despite $4.6m Sales Claim
Donald Trump released a second series of his NFT trading cards on Tuesday, claiming that he made $4.6m from their sales. However, the actual value of the cards plummeted, with the floor price dropping from 0.42945 ETH to 0.18 ETH within 24 hours. The average price of a trading card also decreased significantly from 0.3943 ETH to 0.1569 ETH, despite the former president's boasting about the success of the launch.
Former OpenSea Executive Faces Trial for NFT Insider Trading Scheme
Nathaniel Chastain, former head of product at OpenSea, is set to face trial on 24 April on charges of wire fraud and money laundering.
Crypto Morning Briefing: Space and Time and Microsoft Make Blockchain Data Accessible on Azure Marketplace
Maple Finance Launches Pool for US Treasury Yields; Trump’s Second NFT Collection Sells Out While Prices On First Collection Plunge; Metacade to List On CEX, BitMart, Opening Up Trading to 9 Million Users
Key Technologies in NFT Development and Benefits of Working with an NFT Development Company
NFTs or non-fungible tokens are revolutionizing the way we think about digital assets, creating new opportunities for artists, collectors, and investors.
Trump’s Second NFT Collection Sells Out While Prices On First Collection Plunge
In the early hours of Wednesday morning, former U.S. President Donald Trump’s second series of non-fungible tokens (NFTs) sold out after releasing to the public a day prior.
Sotheby's Auctioning Off Rare NFTs From 3AC's Seized Collection
Auction house Sotheby's is preparing to sell an expansive collection of non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC).
Helium Completes Migration to Solana, Minting Over 991k NFTs for IoT Hotspot Nodes
Helium, a crypto-fueled wireless network for the Internet of Things (IoT), has completed its migration from its own layer-1 blockchain platform to Solana. As part of the migration process, an NFT was minted to represent each physical hotspot node running on the Helium network, resulting in over 991,000 Solana NFTs.
Semi-Fungible Tokens: The New Standard for Tokenized Assets
Tokenization has emerged as a powerful tool for transforming traditional assets into digital assets that can be easily traded and transferred on blockchain networks.
