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2023 Underground Art Market Report

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Category: NFTs

Worthless NFTS, Growing a Fanbase & more: Hypebot’s Bruce Houghton joins the Music Biz Weekly Podcast

Worthless NFTS, Growing a Fanbase & more: Hypebot’s Bruce Houghton joins the Music Biz Weekly Podcast I’m always honored and excited when invited to be on an episode of the long-running Music Biz Weekly Podcast, so when Micahel asked if I’d join again (Jay was …

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September 27, 2023September 27, 2023 By AdsmithBroker

Pudgy Penguins NFT-Inspired Toys Get Listed In Walmart – Its NFTs Pump 265% In Sales

Join Our Telegram channel to stay up to date on breaking news coverage Pudgy Penguins, the digital asset firm and the team behind the famous Pudgy Penguins non-fungible token collection, has successfully listed its NFT-inspired toys in 2,000 Walmart retail stores in the United States. …

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September 27, 2023September 30, 2023 By AdsmithBroker

What were NFTs? An understandable internet fad, and the next one is just around the corner

With last week’s report that 95% of them are now worthless, I think it’s just about safe to say that the NFT moment is finally over. Phew. There really was a six-week period at the start of last year when I thought I was going …

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September 27, 2023September 27, 2023 By AdsmithBroker

Exploring the Powerful Connection: Ethereum’s Role in NFTs

All About The Relationship Between: Ethereum And NFTs Ethereum and NFTs are closely associated with each other as NFTs are typically created, traded, and stored on the Ethereum network. Ethereum’s smart contract capabilities allow for the creation of unique tokens that represent digital assets. The …

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September 27, 2023September 27, 2023 By AdsmithBroker

Are NFTs still as valuable as they used to be?

The story so far: A crypto gambling platform, dappGambl, which looked at tens of thousands of NFT collections concluded that most of them were worth close to zero. This is a far cry from two years ago when NFTs were believed to be a revolutionary …

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September 27, 2023September 27, 2023 By AdsmithBroker

NFTs are 94% worthless and also up over 52,000%

Last week a majority of the world learned that 95% of non-fungible tokens are worthless. Know who already knew this? Everyone still following NFTs. Over time you get a feel for the market and develop a sixth sense for how it moves, what moves it, …

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September 27, 2023September 27, 2023 By AdsmithBroker

SEC settlement with Stoner Cats may signal agency’s intent to assert its authority over unregistered securities in the NFT space

The SEC has announced it has brought and settled charges against Stoner Cats 2 LLC (SC2), the company behind Ethereum-based NFT project Stoner Cats – a generative collection of 10,420 illustrated cat themed NFTs that SC2 minted in July 2021 to fund its production of …

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September 26, 2023September 27, 2023 By AdsmithBroker

Sports NFTs Not Securities, DraftKings Argues In Exit Bid

By Elaine Briseño (September 26, 2023, 5:34 PM EDT) — The non-fungible tokens on DraftKings’ marketplace don’t qualify as securities because buyers do not share in the profits and risks of the company by purchasing them, the sports betting giant argued in a motion to …

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September 26, 2023September 26, 2023 By AdsmithBroker

Pudgy Penguins Lands In Walmart: Brave New World To Bridge Gap Of Physical And Digital, ‘Huge Step Forward’ For Web3, NFTs

One of the most popular non-fungible token (NFT) collections now has toys available in Walmart Inc WMT stores. The move comes after the collection was acquired in 2022 for 750 Ethereum ETH/USD, or around $2.5 million, and saw its new CEO conduct an impressive comeback story. …

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September 26, 2023September 26, 2023 By AdsmithBroker

Pudgy Penguins Walmart Debut Marks ‘Huge Step Forward’ For Web3, NFTs By Benzinga

Pudgy Penguins Walmart Debut Marks ‘Huge Step Forward’ For Web3, NFTs Benzinga – by Chris Katje, Benzinga Staff Writer. One of the most popular non-fungible token (NFT) collections now has toys available in Walmart Inc (NYSE: WMT) stores. The move comes after the collection was …

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September 26, 2023September 26, 2023 By AdsmithBroker

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