Pudgy Penguins CEO on $9M Funding Round, Future of Collectibles
Non-fungible token (NFT) collection Pudgy Penguins has announced the completion of its $9 million seed funding round led by 1kx. Pudgy Penguins CEO Luca Netz joins "First Mover" to discuss the NFT brand's latest plans as it gears up to release 'Pudgy Toys' on May 18.
Electronics Firm LG Seeks TV Patent for Enabling NFT Trading
Electronics firm LG is seeking patent protection for a television that enables users to trade non-fungible tokens (NFTs). LG began its work bringing NFTs to its TVs last September with the release of its Art Lab marketplace which was plugged into Hedera Network, on which LG has been a node operator since 2020. "The Hash" panel discusses LG's latest NFT push in a move that could potentially drive mainstream demand for digital collectibles.
Draft Text Reveals EU Crypto Tax Plans Include NFTs, Foreign Companies
The European Union plans to force crypto companies to give tax authorities details of their clients' holdings, even if they’re based outside the bloc or offering non-fungible tokens (NFTs), according to a draft bill released to CoinDesk under freedom of information laws. "The Hash" panel discusses the latest developments in global crypto regulation.
NFT Project Pudgy Penguins Completes $9M Raise
Non-fungible token (NFT) collection Pudgy Penguins has announced the completion of its $9 million seed funding round led by 1kx. This comes after a leadership change that sparked an increased focus on utilizing the project's intellectual property (IP). "The Hash" panel discusses the latest in the world of digital collectibles and the considerations of IP rights.
Bitcoin’s Activity Pushes Average Transaction Fee to Nearly 2-Year High
A spike in transactions on the Bitcoin blockchain involving Ethereum-style tokens and non-fungible token (NFT)-like "inscriptions" has driven up congestion on the network, pushing the average fee rate to the highest in nearly two years while showering miners of the cryptocurrency with extra revenue. "The Hash" panel discusses the milestone and its implications for the Bitcoin ecosystem.
Ex-OpenSea Exec Charged With Wire Fraud, Money Laundering in Insider Trading Case
Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a federal court in New York on Wednesday, according to a report from Reuters. Chastain made approximately $50,000 by buying and trading NFTs with insider knowledge from his position at OpenSea. "The Hash" panel discusses the case.
Sotheby's Head of Digital Art on NFT Royalties, Market Sentiment
Sotheby’s head of digital art and NFTs, Michael Bouhanna, weighs in on the debate surrounding NFT royalties, which are defined as payments to the original creator for every secondary sale of the digital asset. Plus, Bouhanna discusses launching the art auction house's specially curated, peer-to-peer secondary marketplace amid an NFT winter.
Sotheby's Releases On-Chain Secondary NFT Marketplace
Sotheby's is expanding its non-fungible token (NFT) art offerings through the release of a specially curated, peer-to-peer secondary marketplace. The art auction house's head of digital art and NFTs, Michael Bouhanna, discusses Sotheby's expansion into the Web3 space and how they are addressing artist diversity and royalties in the sector.
Solana Labs CEO on Saga Smartphone Launch, NFT Outlook
Solana Labs' crypto-forward smartphone Saga will go on public sale on May 8. The new device from Solana Mobile costs $1,000 and is built on hardware from Bay Area smartphone company OSOM. Solana Labs CEO and co-founder Anatoly Yakovenko discusses the benefits and opportunities of Saga, citing its self-custody feature and decentralized app (dApp) store. Plus, insights into Solana following FTX's implosion and the global outlook for the Solana ecosystem at large.
Sports Illustrated Unveils NFT Ticketing Platform on Polygon
U.S. sports media company Sports Illustrated is launching a non-fungible token (NFT) ticketing platform called "Box Office" built on the Polygon network, an Ethereum scaling tool. "The Hash" panel discusses the future of NFT ticketing and live entertainment powered by blockchain technology.