NFT | ForkLog - Part 4

ForkLog 10 25.01.2025

David Sacks: NFTs and Memecoins Are Collectibles, Not Securities

Non-fungible tokens (NFTs) and memecoins are more akin to collectibles than securities, according to David Sacks, special advisor on AI and cryptocurrencies for the newly established task force by Donald Trump, as reported by Fortune.

AI translated

ForkLog 21 13.01.2025

New York attorney-general to serve suspected crypto fraudsters with NFTs

As part of a fraud probe, New York attorney-general Letitia James will send suspected offenders notice of the proceedings in the form of an NFT. According to investigators, from January to June 2024 a group of scammers sent US residents messages offering remote jobs on behalf of real companies. The “work” consisted of writing online […]

AI translated

ForkLog 17 13.01.2025

Azuki creators’ Animecoin team announces token launch

Animecoin’s developers will in January hold a TGE. They will distribute 50.5% of ANIME’s supply to community members with no lock-up period. Animecoin is backed by Arbitrum and the creators of the Azuki NFT collection. The founders aim to build a blockchain ecosystem to support the development of anime culture. “ANIME is a ‘cultural’ coin […]

AI translated

ForkLog 18 27.12.2024

NFT tickets, offbeat gift cards and a Web3 games console: what to put under the crypto tree

For a crypto diehard, the New Year arrives with every bitcoin ATH, which this time has, as if by magic, landed on the cusp of the winter holidays. To avoid poring over charts of past, present and future through the night—and turning into a Dickensian, crypto-era Scrooge—it pays to separate work from leisure, take profits […]

AI translated

ForkLog 43 23.12.2024

US Prosecutors Seek 60-Year Sentence for NFT Fraudsters

Two California residents have been charged with NFT-related fraud resulting in damages amounting to $22 million, according to the US Department of Justice. According to court documents, Gabriel Hay, known by the aliases Mr. Handz and Vaultkeeper, and Gavin Mayo, known as Gavinm, launched fraudulent projects Vault of Gems and Faceless. Investors were promised high […]

AI translated

ForkLog 8 17.12.2024

CyberKongz NFT Project Faces Potential SEC Charges

The team behind the NFT collections CyberKongz has announced that the U.S. Securities and Exchange Commission (SEC) may bring charges against them. CyberKongz has received a Wells Notice from the SEC. We are extremely disappointed at the approach the SEC has taken towards us, but we are going to stand up and fight for a […]

AI translated

ForkLog 65 11.12.2024

The non-fungible bubble: how NFTs inoculated the industry against greed

In a comparatively short time, NFTs went from glittering innovation to a largely marginal investment tool. Mass-minted collections, rampant speculation and market manipulation did the rest: by 2024, analysts estimate that 96% of collections were “dead”. Lina Valitova examines what remained after the NFT bubble burst. Why did the bubble inflate? In March 2023, staff […]

AI translated

ForkLog 15 09.12.2024

Pudgy Penguins Surpasses BAYC in Market Capitalization Following Airdrop Announcement

The NFT project Pudgy Penguins has climbed to second place in market capitalization within the segment, overtaking the Bored Ape Yacht Club (BAYC) collection. This is according to data from CoinGecko. Source: CoinGecko. In the last 24 hours, the floor price of Pudgy Penguins has risen by nearly 6%, reaching 22 ETH ($86,147). Over the […]

AI translated

ForkLog 52 03.12.2024

Nike to Close NFT Studio RTFKT by 2025

Nike’s acquired NFT project, RTFKT, will cease operations by the end of January 2025. All issued tokens will remain in circulation. pic.twitter.com/ySShPa0I7r — RTFKT (@RTFKT) December 2, 2024 The studio specialized in creating digital collectibles for metaverses. By the time of its acquisition, RTFKT had gained a reputation as a promising startup. Amid the NFT […]

AI translated

ForkLog 33 27.11.2024

Collector Secures $2.75 Million Loan Using CryptoPunk as Collateral

NFT collector Seedphrase secured a $2.75 million loan using CryptoPunk #8348 as collateral. According to the platform, this marks the largest NFT-backed loan in history. ? RECORD-BREAKING NFT LOAN ? The unique 7-trait Punk #8348, owned by @seedphrase, was just used as collateral for a 2,750,000 USDC loan on GONDI. Terms: 180 day | 17% […]

AI translated

ForkLog 4 15.11.2024

Doodles NFT Partners with McDonald’s for Holiday Campaign

Starting November 18, Doodles-style illustrations will adorn 100 million festive McCafe cups in U.S. restaurants, following a partnership between the restaurant chain and the NFT project. • ᴗ • 11/18 pic.twitter.com/LDxlE9pnrx — McDonald’s (@McDonalds) November 12, 2024 The initiative, named GM Spread Joy, will also extend to TikTok and Instagram. Organizers will distribute “digital gifts” […]

AI translated

ForkLog 15 05.11.2024

Analyst Highlights Growth in On-Chain Metrics for Bitcoin and Ethereum

A researcher from The Block, known by the pseudonym Lars, has shared a series of posts on X illustrating the growth of network metrics for stablecoins, the two most capitalized cryptocurrencies, NFTs, and other key market segments.

AI translated

#NFT