While we often talk about the vast amounts of money some NFTs sell for, not all auctions are about generating profit for profits’ sake. Some serve as fundraisers for all sorts of causes — from humanitarian efforts for the ongoing Ukraine-Russia conflict to off-kilter initiatives to help take on medical...
Month: April 2022
$34M Locked in a Smart Contract. Was the Akutars Exploit Avoidable?
Last Friday (April 22), Micah Johnson’s anticipated Akutars project launched to great fanfare. Unfortunately, things went sideways quickly. Soon after collectors began flooding the website to take part in the drop, an issue with the project’s smart contract caused a fiasco that ultimately resulted in the loss of a staggering...
Upcoming Drops: April 25 – May 1
Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of...
NFT On-Chain Volume on Ethereum Hit $10bn Per Month
Non-fungible tokens (NFTs) have been making headlines based on the notable growth witnessed in this sector despite being the new kid on the crypto block. NFTs have been hitting a monthly volume of $10 billion on the Ethereum (ETH) network. Data analytic firm IntoTheBlock explained: “$10B/Month - On-chain volume for...
XVI Citizens to Introduce 16 Personalities as NFTs
The idea of 16 Personalities is turning into non-fungible tokens (NFTs) and entering the metaverse for the first time through the XVI Citizens project. 16 Personalities is a widely used questionnaire that can help determine how a person interacts with the world and make decisions. The personality test has also...