Key Points: The SEC charged Flyfish Club for raising $14.8 million through unregistered NFT sales, which it deemed as securities. SEC Commissioners Peirce and Uyeda dissented, arguing that the Flyfish...
Category: NFT
Live NFT News Updates.
Flyfish Club settles with SEC for $750,000 over unregistered NFT offering
The Securities and Exchange Commission (SEC) has reached a settlement with Flyfish Club – the company behind a high-profile NFT-based restaurant membership project. The agreement requires Flyfish to p...
Trump’s Shift on Cryptocurrency: How Polygon-Powered NFT Sales Changed His Perspective
During Monday’s World Liberty Financial launch event organized by COINOTAG’s sister enterprise Rug Radio, former U.S. President Donald Trump revealed a significant shift in his perspective on cryptocu...
Trump Discusses the Success and Artistic Value of Trump NFT Series on WLFI Broadcast
On September 17, during a live broadcast with the crypto project World Liberty Financial (WLFI), former President Trump expressed his views on NFTs, likening them to “a beautiful work of art.” Trump e...
Flyfish Club Fined $750K by SEC for Unregistered NFT Sales Amid Growing Regulatory Scrutiny
The U.S. Securities and Exchange Commission (SEC) has taken enforcement action against Flyfish Club, LLC for the unregistered sale of non-fungible tokens (NFTs). This move has sparked internal debate ...
Flyfish Club Settles SEC Charges Over Unregistered NFT Sales, Agrees to Destroy All Flyfish NFTs
Flyfish Club, an NFT project, has settled with the U.S. Securities and Exchange Commission (SEC) by agreeing to pay $750,000. The SEC claimed that Flyfish Club performed an unregistered offering of cr...
DeGods NFT Platform Launched Token With New Focus Is Meme Coin
Key Points: The DeGods NFT platform has consolidated its collections into a single token called DEGOD. While some support the move due to the declining NFT market, critics argue it overlooks the impor...
StandwithCrypto Launches $6 Million Legal Defense Fund for NFT Creators
StandwithCrypto Launches $6 Million NFT Creator Legal Defense Fund: Stand With Crypto, a cryptocurrency advocacy group, has announced the launch of a $6 million legal defense fund aimed at protecting ...
DEGOD Token by DeGods Launches with Impressive $65.3M Market Value on Solana’s NFT Market
COINOTAG news reported on September 16 that the DEGOD token from DeGods has officially commenced trading. It is currently valued at $0.006524, achieving a market capitalization of $65.3 million with $...
Magic Eden Advances in NFT Market
Despite a downturn in the NFT market since its zenith two years ago, Magic Eden has sustained its growth trajectory. CEO Jack Lu predicts that 2024 will be a landmark year for the company. Entering th...
CryptoPunk Leads Top NFT Sales With $685K Record in Last 7 Days
CryptoPunks dominate the NFT landscape, capturing the market attention with remarkable sales. The week’s best sale was undoubtedly CryptoPunk #6634, which totalled $685,120. This further shows the pub...
Coinbase-Led Advocacy Group Launches Legal Defense Fund for NFT Projects
A digital assets advocacy group backed by Coinbase is launching a multimillion-dollar legal defense fund for non-fungible token (NFT) projects. In a new thread on the social media platform X, Stand Wi...
Solana Dominates NFT Space with Launch of DeGods Tokens in Partnership with Sniper
On September 16, COINOTAG reported that Solana-based NFT project DeGods unveiled a collaboration with the NFT marketplace Sniper to introduce DEGOD tokens, effectively unifying their ecosystem. At app...
Magic Eden Thrives Amid NFT Market Decline with Expanding Multi-Chain Support for Bitcoin and Solana
The NFT market may have seen a downturn in recent years, but Magic Eden has emerged stronger than ever. The company’s adaptive strategy has allowed it to thrive despite a general market decline. “2024...
Mint Blockchain Sees Surge In NFT Activity With Over $294K In Trading Volume In 30 Days
Mint Blockchain is rapidly becoming one of the fastest-growing Layer 2 networks, with bridge deposits up 10.7% in the past week. In addition to its growing presence, the platform has seen remarkable a...
Overall NFT Sales Decline Amid Major Swings in Top Collections
According to DappRadar statistics, NFT market sales for the last week came to $74.86M. With sales of $5.39 million, an increase of 9.45%, Cryptopunks topped the charts. Another decline in NFT market s...
Coinbase Launches NFT Legal Defense Fund Amid SEC Pressure
Coinbase’s political advocacy group, Stand With Crypto, has launched the Creator Legal Defense Fund to support non-fungible token (NFT) projects. Announced in a September 13 post on X (formerly Twitte...
NFT creators get a $6M legal defense fund from OpenSea and a16z
Non-fungible tokens (NFT) trading platform OpenSea and venture capital firm Andreessen Horowitz have pledged $6 million to a legal defense fund for NFT creators in partnership with the crypto advocacy...
CryptoPunks Lead NFT Market Recovery Despite Overall Sales Decline
The NFT market has recently witnessed a significant downturn, characterized by declining sales and participant numbers. However, certain collections like CryptoPunks and Guild of Guardians have manage...
Stand With Crypto Launches $6 Million Legal Defense Fund for NFT Projects
On September 13, Stand With Crypto, a political advocacy group led by Coinbase, announced the creation of a new legal defense fund for non-fungible token (NFT) projects. The fund, named the Creator Le...
Ethereum Leads NFT Sales with $27.25M Despite Market Dip
In the past week, the NFT market reported sales of $74.86 million, reflecting a 7.91% decline from the previous week’s numbers. Ethereum led the sector with a sales volume of $27.25 million, although ...
Stand With Crypto Launched New Legal Defense Fund for NFT Projects
Key Points: Coinbase’s Stand With Crypto launched a $6 million fund backed by a16z and OpenSea to support NFT projects against legal challenges. The fund was created after increased regulatory pressur...
OpenSea Faces SEC Scrutiny: Implications for NFT Marketplaces and Magic Eden
Last month, the NFT marketplace OpenSea announced its anticipation of a regulatory crackdown. This news startled Magic Eden CEO Jack Lu, who revealed that his firm has not received a Wells notice from...
Magic Eden CEO Welcomes ‘Regulatory Clarity’ After SEC Threat to NFT Rival OpenSea
When the NFT marketplace OpenSea signaled that it was braced for a regulatory crackdown last month, the disclosure delivered a jolt to Magic Eden CEO Jack Lu. “It all happened very suddenly,” he said ...
A16z, OpenSea partner with Stand With Crypto to create NFT legal fund
Andreessen Horowitz’s a16z Crypto fund has partnered with Stand With Crypto and OpenSea to create the Creator Legal Defense Fund. According to releases from OpenSea and a16z, this initiative is design...
Industry leaders a16z, OpenSea pledge $6 million to shield NFT artists from legal threats
The Stand With Crypto Alliance, a Coinbase-backed non-profit organization, is leading efforts to establish the Creator Defense Fund initiative that has raised $6 million from venture capital firm Andr...
HIP-850 Empowers NFT Users with Dynamic Functionality for Web3 Use Cases
The Hedera team has introduced HIP-850, which will be implemented on the mainnet as part of the upcoming v0.53 upgrades. The upgrade allows supply keys to update NFT metadata as long as the token rema...
‘NFL Rivals’ Tips Guide: How to Dominate in the Mobile NFT Game
The new in-game season of NFL Rivals is here alongside the NFL kickoff, and with it has come a wave of new and returning players hoping to play some mobile gridiron—and maybe earn a few valuable NFTs ...
CryptoPunks NFT Worth $1.5 Million Just Sold for $23,000—Here’s How
The immutable nature of the blockchain was put in stark relief on Wednesday when CryptoPunk #2386, which is valued around 600 ETH (about $1.5 million), was acquired for a fraction of that price at 10 ...
CryptoPunks NFT Worth $1.5M Sold for $23,000
A CryptoPunks NFT, valued at $1.5 million, recently sold for $23,000. The NFT, Punk #2386, was fractionalized through Niftex, affecting its trading dynamics. In a dramatic twist, a CryptoPunks NFT tha...
Trade NFT Vouchers Before Token Launch
Formally known as the Musk Empire and now X Empire, the Telegram game has managed to acquire millions of players on its platform. X Empire allows players to earn in-game currency through various tasks...
Ethereum NFT Heist: CryptoPunk #2386 Sold for Just 10 ETH in Shocking Acquisition
The recent acquisition of CryptoPunk #2386 has sparked significant discussion in the crypto community. This particular NFT, valued at around 600 ETH, was purchased for only 10 ETH, showcasing the comp...