NFT

Epic Fail: NFT of Jack Dorsey’s First Tweet Loses 99.8% of Value

A non-fungible token (NFT) of the first tweet made by former Twitter CEO Jack Dorsey originally bought for $2.9 million has reportedly failed to hold its value, with a recent top bid for the NFT reaching just $6,800. That represents a drop in value of approximately 99.8 percent based on the original purchase price.

Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, attends the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. (Photo by Marco BELLO / AFP) (Photo by MARCO BELLO/AFP via Getty Images)

Feds File Charges in NFT ‘Rug Pull’ Scam for First Time

Federal authorities have charged two men with fraud and money laundering in relation to an NFT “rug pull” scam. Two men allegedly pocketed $1.1 million from investors hoping to strike it rich in the NFT crypto gold rush, only to disappear in the money.

man cuffed

Edward Snowden’s NFT Self-Portrait Raises $5.4 Million for Charity

An NFT self-portait of the intelligence whistleblower Edward Snowden reportedly sold for $5.4 million at a charity auction last week. The proceeds of the sale benefit the Freedom of the Press Foundation, which is a non-profit that works on the development of open-source tools for whistleblowers.

The Associated Press

Market Value of NFTs Crashes by Almost 70%

According to a recent report from Bloomberg, the market price of non-fungible tokens (NFTs), which rose to popularity in recent months, is now crashing. The market for NFTs is reportedly down almost 70 percent from its February peak.

NFT art gallery

Artist Who Sold an NFT for $69M Thinks NFTs are a ‘Bubble’

In a recent article, the Byte by Futurism outlines the opinions of digital artist Beeple, otherwise known as Mike Winkelmann, on the recent non-fungible token (NFT) craze after he sold his own NFT for a record-breaking $69 million. The artist called the crypto craze a “bubble” despite his massive profits.

WASHINGTON, DC - MAY 20: Newly redesigned $100 notes lay in stacks at the Bureau of Engraving and Printing on May 20, 2013 in Washington, DC. The one hundred dollar bills will be released this fall and has new security features, such as a duplicating portrait of Benjamin Franklin and …

John Cleese Sells Brooklyn Bridge NFT to ‘Terminally Insane’ World

As the hype around Non-Fungible Token (NFT) art continues to grow, many are ridiculing the craze including British actor and comedian John Cleese who is now selling his own drawing of the Brooklyn Bridge as an NFT. Cleese commented on the blockchain-based NFT craze, saying “The world has gone terminally insane.”

In this handout photo, Fawlty Towers creator and co-writer, John Cleese, introduced the media to Stephen Hall, who will play the role of Basil Fawlty and Blazey Best as Sybil Fawlty in the world premiere tour of Fawlty Towers-Live on stage at Park Hyatt Hotel on March 21, 2016 in …