Founder of Ethereum concerned about the future of crypto.
What are NFTs
March 25, 2022Key Takeaways
- Vitalik Buterin, the founder of Ethereum, expressed his concerns on the future of crypto, given how it can be used to fuel corruption. He’s expressed worries about ETH’s high transaction fees and the shameless displays of wealth associated with crypto billionaires. Criticizes Bored Ape Yacht Club “the peril is you have these $3 million monkeys”.
- NFT project Frosties exposed as rug pull scam with their investors keeping $1 million in ETH just a couple hours after the launch. Both creators, Ethan Nguyen and Andre Llacuna have been accused and arrested in New York for money laundering and digital fraud. Hopefully, cases like Frosties will serve as a warning for other scammers in the future.
- Yuga Labs has raised $450 million from their Otherside Demo. Otherside is a new project with which Yuga Labs will enter the Metaverse set to launch in April 2022
Highlights
-
- LFC Heroes Club was launched by Liverpool FC, the first of their digital collection.
- iZUMI finance collaborates with HOURAI to come up with NFT drop.
- Lone Wolf Guild (LWG) has assets frozen indefinitely in Pegaxy.
- Chicken Derby NFT beta released and has already handed over $80 to chicken racers.
- The Prince of Crypto Has Concerns featured as the cover story on Time’s first NFT issue.
- Rare Bears Discord channel gets attacked in $800k phishing attack.
- Mahindra releases first tranche of tokens as they enter NFT space.
- Val Kilmer & Galaxis Platform join forces for an NFT project.
- PUBG’S Krafton games collaborates with Solana, possibly to add crypto an NFT to games.
- Time has released their first-ever magazine issue as NFT.
Top Artists
The following table shows top artists (by primary sales volume on each platform) and their art samples.
Azuki. 7-day sales volume: ETH 11,191.94
Mutant Ape Yacht Club. 7-day sales volume: ETH 13,839.45
Bored Ape Yacht Club 7-day sales volume: ETH 17,059.41
Thank you for reading! Make sure to check out additional content to learn all things NFT.