NFTs
Blue-Chip NFTs Tumble as ETH Retreats From All-Time Highs
Blue-chip non-fungible token (NFT) collections had steep weekly declines as Ether pulled back from all-time highs. Data from decentralized finance aggregator DefiLlama showed that top projects saw their floor prices sink by double digits in the last seven days. Blue-chip NFT collections like Pudgy Penguins, Bored Ape Yacht Club (BAYC) and Doodles were among the […]
How Plushies Saved Pudgy Penguins NFTs From Bankruptcy
Just about three years ago, non-fungible token (NFT) brand Pudgy Penguins was nearing bankruptcy — now it’s projected to end the year with $50 million in revenue. CEO and owner Luca Schnetzler (better known as Luca Netz) built a fortune through Instagram before breaking into the toy industry. In the blockchain world, he was among […]
DeFi Soars with Tokenized Stocks, But User Activity Shifts to NFTs
Locked liquidity on decentralized finance (DeFi) applications reached a record $270 billion in July, partly driven by tokenized stocks growth. DappRadar’s data shows the total value locked (TVL) in DeFi protocols jumped 30% month-over-month, while active wallets for tokenized stocks soared from roughly 1,600 to more than 90,000, pushing their market cap up 220%. Meanwhile, […]