Talk to any musician who has “made it,” and they’ll say that achieving fame is both a gift and a curse. While success in entertainment can obviously bring many positives, it also carries the pressure to stay relevant, the worry of constantly needing to stay connected to fans, and the loss of freedom and privacy that comes with being a regular Joe — all of which can be utterly exhausting. Add a jam-packed events schedule that robs artists of...
A federal judge has sentenced former OpenSea product manager Nathaniel Chastain to three months in prison for wire fraud and money laundering related to insider trading on the platform.In an Aug. 22 announcement from the United States Department of Justice, U.S. Attorney Damian Williams said Chastain had been sentenced to three months in prison, three months of home confinement and three years of supervised release in addition to being orde...
Crisis often begets catharsis.
For New York artist Sam Spratt, rebirth could only come after the realization that a decade of client work had left him feeling hollow. Despite working with marquee artists like Kid Cudi, he was creatively lost with “nothing to say.”
“I had sidelined every component of what makes you human to create that client list and work on those jobs,” he recalls. “I had totally missed everything else ...
Many first-generation blockchain games were more concerned with crypto-earning than providing a great gaming experience. In contrast, Gala Games, a blockchain gaming platform with a proven history in the Web3 space, prioritizes fun and aims to address concerns about GameFi adoption.Decentralized gaming, better known as GameFi, has been quickly identified as one of the clear use cases for blockchain technology that has yet to see mass adopti...
Yuga Labs and CryptoPunks are the two latest NFT brands to stand up and speak out against OpenSea’s extremely controversial decision last week to (once again) do away with enforcing “mandatory” creator royalty fees – by blocking all support for any new NFT collections on OpenSea’s SeaPort by February 2024.
Yuga Labs, the parent company of both BAYC and CryptoPunks announced via “X” (formerly Twitter) that it was com...
On Monday, a wallet belonging to Ethereum co-founder Vitalik Buterin (vitalik.eth) transferred approximately $1 million (600 ETH) to Coinbase, initially reported by crypto cybersecurity group PeckShieldAlert.
Buterin Also Pays Back RAI Tokens
Buterin, according to Etherscan and blockchain data analysis firm Lookonchain, revealed that Buterin also happened to repay 251,000 Rai Reflex Index (RAI) tokens on Make...
Ordinal inscriptions have continued to dominate activity on the Bitcoin network over the past week despite the cryptocurrency’s recent price decline and suggestions that the hype around Bitcoin NFTs have died.On Aug. 21, Ordinals developer “Leonidas" pointed out that Bitcoin had 530,788 transactions over the past 24 hours, with 450,785 of those transactions being Ordinals related.“In the midst of everyone claiming ‘Ordinals are dead’ they h...
Crypto miner Gryphon Digital is seeking dismissal from a lawsuit brought by its former partner Sphere 3D over a spoofing attack that resulted in 26 Bitcoins BTC $26,131 being transferred to a fraudulent address.According to the initial complaint filed by Sphere 3D in April, Gryphon CEO Rob Chang allegedly wired 18 BTC in January to a fraudster posing as Sphere 3D’s chief financial officer through a spoofing attack. Within a few days, eig...
Bored Ape Yacht Club (BAYC) creators Yuga Labs is set to wind down support for OpenSea following the platform’s upcoming removal of its on-chain royalty enforcement tool, Operator Filter. The Operator Filter was launched in November 2022, enabling creators to restrict secondary nonfungible token (NFT) sales to marketplaces that enforce creator royalties, thus filtering out platforms like Blur. However, on Aug.17, OpenSea revealed that it wi...
Elon Musk’s SpaceX reportedly selling its Bitcoin BTC $26,022 holdings, the bankruptcy of a Chinese property giant, and fears of interest rate hikes have been among the theories raised as to Bitcoin’s freak price dip.On Aug. 18 around 9:35 pm UTC, the price of Bitcoin suddenly plummeted over 8% in a span of 10 minutes, taking with it the wider cryptocurrency market, leaving many in the crypto community scratching their heads.
While ther...
