NFT

A comprehensive study has unveiled that the vast majority of Non-Fungible Tokens (NFTs), once the darlings of the digital asset world, have plummeted to zero value, leaving nearly 23 million people holding onto worthless digital collectibles. According to market data, 95 percent of all NFT collections now have a total market value of zero.

UK Prime Minister Rishi Sunak’s Great Reset-style plans to introduce a government-backed NFT have beed dropped, the Royal Mint announced.

A slew of high-profile Hollywood celebrities including Madonna, Gywneth Paltrow, and NBC’s Tonight Show host Jimmy Fallon are reportedly being sued in a proposed class action suit for promoting an NFT art collection, with plaintiffs alleging they were misled into buying “losing investments at drastically inflated prices.”

CNN is being accused of “rug pulling,” abruptly ending a project after building interest, by the crypto community after announcing it is abandoning its new NFT project, Vault. “We have decided that it’s time to say goodbye to Vault by CNN,” the company said.

Mark Cuban, the billionaire Dallas Mavericks owner and crypto enthusiast, has been extremely critical of cryptocurrency projects in recent months, calling digital land in the metaverse “the dumbest shit ever.” Cuban is an investor in Yuga Labs, which recently made $317 million in metaverse land sales.

Madonna is the latest celebrity to join the NFT craze and is using the project to raise money for a national bail fund that springs people from jail.

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.

The UK’s Royal Mint has been tasked by the Treasury Department to create an NFT in the latest move towards a cashless society.

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.

Hackers reportedly stole hundreds of non-fungible tokens (NFTs) from users of NFT marketplace OpenSea over the weekend, including NFTs from popular collections like Decentraland and Bored Ape Yacht Club.

Melania Trump is launching a third series of NFTs to celebrate the Trump presidency on President’s day. The collection consists of 10,000 pieces of digital artwork.

Electronics giant Samsung plans to introduce extensive support for Non-Fungible Tokens (NFTs) starting with its 2022 lineup of TVs. The company claims that consumers will use their TVs to “browse, purchase, and display your favorite art.”

An NFT drop celebrating infosec pioneers has caused anger in the crypto space due to using unauthorized portraits of the infosec experts it aimed to celebrate.

During an interview that aired Monday on Fox Business Network’s “Mornings with Maria,” former President Donald Trump issued a warning about the rise in cryptocurrency.

One crypto investor made the mistake of a lifetime this week when he sold a “Bored Ape” NFT for $3,000 instead of the planned $300,000. The 99 percent discount on his sale was due to a misplaced decimal point.

Miramax filed a lawsuit Tuesday against director Quentin Tarantino over the director’s plans to create and auction off a series of NFTs based on his work on Pulp Fiction.

In a recent article, VICE News outlines how a group of investors lost millions after the NFT project “Evolved Apes” disappeared overnight.

A hacker sold a fake piece of digital art for $366,000 through the website of the street artist Banksy. Although the hacker returned most of the money, the victim was still on the hook for a $5,000 transaction fee.

“Carnival Row” actress-model Cara Delevingne is auctioning a non-fungible token (NFT) video about her vagina to raise money for several social justice causes, among other things. 

Zoë Roth, who became a popular meme known as “Disaster Girl” has reportedly made almost $500,000 from an NFT auction of the meme.

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 digital artist known only as Pak has reportedly sold a single pixel as a part of a collection of non-fungible tokens (NFT) for a total of $1.4 million; the entire collection sold for $17 million.

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.

Vice News reports that many people who spent large amounts of money on Non-Fungible Tokens (NFTs) are now finding that the token they purchased has disappeared and are left with little to no recourse.

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.

Twitter CEO Jack Dorsey has successfully sold the world’s first-ever tweet for the equivalent of just over $2.9 million as a non-fungible token (NFT).

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.”

A Brooklyn-based film director is mocking and profiting off the recent cryptocurrency craze for Non-Fungible Tokens (NFTs) by selling a year’s worth of fart audio clips.