The lines are getting blurred between NFTs and DeFi. Bored Ape Yacht Club (BAYC), the Ethereum-based NFT collection that exploded over the summer, has announced that it will issue a “legally compliant” token in the first quarter of 2022. The move is intended to “thoughtfully craft dope utility and governance, benefit our club members, and…
Are NFTs a bubble? That’s been the burning question ever since the first specimens of this breakthrough application on the Ethereum blockchain captured the imaginations of crypto heads and non-crypto fans alike. In this research piece for The Defiant, we will unpack this query as definitively as possible. And what better place to start than…
If someone types “!vibe” into Cryptoadz’s Discord, a bot prints out what looks strangely like five turtles bobbing their heads. Why turtles? Who knows, and maybe who cares for holders of Cryptoadz. The NFTs have rocketed to a 13.5 ETH floor price from a 0.18 one the day after launch, according to Dune Analytics’ floor…
A growing category of social media users now prefers using cartoons rather than their own photos to identify themselves online. They especially like cartoons that are as unique as their real faces. Non-fungible token (NFT) technology makes it easy for a person to know they are the only person who owns such an image. The…
Another day, another NFT project, but with the strong network and idiosyncratic art behind this one, it might be in it for the long haul. The new kid on the block is CrypToadz. At 4,873 ETH, over $15M, in weekly trading volume, the project has quickly vaulted to the tenth slot on OpenSea despite launching…
CryptoPunk sales exploded over the past week, and the rest of the NFT market is coming along for the ride. The OG NFT avatar project has always been the biggest tour de force in the NFT marketplace, but recently the project has seen an unprecedented amount of sales, in both volume and value. From July…
