Louis Vuitton to Release $42K Worth of Physical-Backed NFTs
French luxury fashion house Louis Vuitton is gearing up to release its new physical-linked non-fungible token collection called Via Treasure Trunks, paving the way for exclusive members-only products and experiences. "The Hash" panel reacts to the NFT launch.
67% of New NFTs Minted Are Profitable: Nansen Data
According to Nansen data, 67% of new non-fungible token (NFT) mints in May are profitable. Separately, Dune Analytics notes a declining number of monthly active traders this year on Opensea, the largest NFT marketplace, amid increased weekly volume on Blur, an NFT platform geared towards professional traders. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Exploring the Dangers Of NFT Influencer Culture
A non-fungible token (NFT) charity scam surrounding the Pixel Penguins collection is illuminating the potential dangers of NFT influencer culture. "The Hash" panel discusses the scam and the lessons learned.
Sotheby’s to Auction Off More NFTs Seized From 3AC, Including Landmark Dmitri Cherniak Work
Sotheby's is set to auction off more non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), bringing high-value NFTs like Dmitri Cherniak's Ringers #879 (often referred to as "The Goose") out from the vault for the first time since 2021. "The Hash" panel discusses the latest move potentially bringing crypto and digital collectibles to the mainstream.
BRC-721E Token Standard Converts Ethereum NFTs to Bitcoin NFTs
Bitcoin Miladys, the Bitcoin-based derivative of the popular Miladys NFT collection, introduced its BRC-721E token standard in collaboration with Bitcoin-based NFT marketplace Ordinals Market and Bitcoin wallet Xverse. The token standard is said to act as a bridge between the Ethereum and Bitcoin networks, allowing traders to convert their ERC-721 NFTs to BRC-721E tokens on Bitcoin. "The Hash" panel discusses what this means for the future of NFTs and bitcoin.
Blend Has Taken 82% of NFT Lending Market Share: DappRadar
Non-fungible token (NFT) marketplace Blur's lending platform Blend has captured about $308 million in trading volume in just 22 days since its launch, seizing 82% of total NFT lending market share, according to a report from blockchain data aggregator DappRadar. DappRadar Web3 analyst Sara Gherghelas discusses the report's key takeaways and the state of the digital collectibles market.
Binance Introducing NFT Loan Feature
Binance marketplace is launching a non-fungible token (NFT) loan feature where digital asset holders can secure ETH loans by using their NFTs as collateral. "The Hash" panel breaks down the new service and what it means for NFT holders.
Bitcoin Jumps to Second Place in NFT Sales
Bitcoin-based non-fungible tokens (NFTs) have risen to second place for NFT sales per blockchain, according to Web3 data platform CryptoSlam. "The Hash" panel discusses the increasing popularity of Bitcoin NFTs and the controversy around it.
NFT Trading Volume on Pace to Drop Below $1B: DappRadar
A new report from DappRadar reveals that NFT trading volume for the month of May has reached $333 million so far, putting it on track to fall below $1 billion for the first time this year. CoinDesk's Jenn Sanasie presents "The Chart of the Day."
China's Top Prosecution Agency Says NFTs Have Crypto-Like Attributes
China's highest national agency responsible for legal prosecution has warned non-fungible token (NFT) digital collections share "the attributes of virtual assets," which are banned in the country. CoinDesk Executive Director of Global Content Emily Parker weighs in on the hype around NFTs in China and what the regulator's guidelines for the treatment of NFTs could mean for the broader crypto market.