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2023 Underground Art Market Report

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Category: NFTs

Zynga: The new game in town

Zynga just put the bear market in a headlock while showing the gaming industry possibly the best way to launch an NFT collection in these brutal conditions. If you’re not familiar with Sugartown Oras, this was Zynga’s first-ever NFT mint for their upcoming Web3 game. …

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September 20, 2023September 20, 2023 By AdsmithBroker

Not So NFTy: What the Impact Theory and Stoner Cats Enforcement Actions Could Mean for NFTs

The U.S. Securities and Exchange Commission (SEC) recently announced charges against and settlements with two NFT issuers for allegedly conducting illegally unregistered offers and sales of securities in the form of “non-fungible tokens,” or NFTs, in violation of Section 5 of the Securities Act of …

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September 20, 2023September 20, 2023 By AdsmithBroker

Second SEC NFT-Enforcement Action Finds Another NFT to Be a Security

Summary The SEC’s pursuit of the crypto industry continues with its second-ever settlement of a non-fungible token (NFT) enforcement action. The SEC settled with Stoner Cats 2 LLC (SC2), which sought to finance an animated web series about cats that are exposed to their owners’ …

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September 20, 2023September 20, 2023 By AdsmithBroker

Christina Applegate Hacked Despite Posting ‘I Am Not Hacked’

Amid a slew of suspicious posts about NFTs and cryptocurrency, a rep for Christina Applegate has confirmed that the actress’s Twitter (or X) account has been hacked. “Her account was indeed hacked. We are trying to fix that,” her publicist told The Daily Beast via …

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September 19, 2023September 19, 2023 By AdsmithBroker

NFTs Still Big in Japan as Honda Offers Keys to Tokyo F1

Honda’s NFTs draw a clear picture of the NFT market in Japan | Credit: Shutterstock Key Takeaways Honda announces a new series of NFTs. New NFTs created to engage customers amidst plummeting automotive sales. NFTs thrive in Japan and face extinction in the West. Honda …

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September 19, 2023September 19, 2023 By AdsmithBroker

Are Ethereum NFTs in trouble? What the data suggests

Himalay Patel Journalist Posted: September 19, 2023 Share this article Ethereum’s NFT market faced declining trading volumes, leading to concerns about its future vitality. PFP NFTs witnessed significant price drops, which reflected the changing market preferences. In recent times, the NFT market has seen new …

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September 19, 2023September 19, 2023 By AdsmithBroker

CryptoPunks and BAYC: Investment Potential and Market Trends of NFTs

Description In the world of NFTs, CryptoPunks and Bored Ape Yacht Club (BAYC) hold significant sway, enjoying immense popularity among collectors. This article succinctly underscores their prominence with different market trends of NFTs, where they’ve carved out distinct niches.  By shedding light on the unique …

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September 19, 2023September 19, 2023 By AdsmithBroker

BabyDoge Unveils AI-Powered NFT Platform

BetFury users can now earn ARB and OP tokens while playing games, expanding investment opportunities. The world of cryptocurrencies is evolving, creating more efficient and practical technologies. Top crypto platforms focus not only on multi-currency but also on adding various networks. In this context, the …

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September 19, 2023September 19, 2023 By AdsmithBroker

Will ApeCoin’s ‘influential NFTs’ halt APE’s price plummet?

With a recent proposal, ApeCoin DAO is seeking the establishment of a sister DAO to acquire “influential NFTs.” APE’s price has dropped by almost 30% in the last month as demand craters. A proposal to establish a “sister DAO” and allocate 750,000 APE tokens to …

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September 19, 2023September 19, 2023 By AdsmithBroker

Stoner Cats NFTs Face Trading Ban Amid SEC Charges

In a stunning turn of events, the Stoner Cats NFT project has been slapped with a trading ban on prominent marketplaces like OpenSea, Blur, and Rarible. The ban came hot on the heels of an announcement by the United States Securities and Exchange Commission (SEC) …

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September 19, 2023September 19, 2023 By AdsmithBroker

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