NBA legend Shaquille O’Neal is now entangled in a legal case over his involvement in the Solana-based NFT project Astrals. The legal case, which was updated to strengthen the case, claims that O’Neal violated securities laws in his connection with the project. A district judge in Florida appointed lead plaintiffs, who have chosen the Moskowitz… Continue reading Shaquille O’Neal Faces Legal Challenge Over Solana-Based NFT Project Astrals
Tag: FTX
Major NFTs See Sales Explode But ETH Remains Unchanged Amid Bear Market
Many major nonfungible tokens (NFTs) recorded a surge in sales and transaction volumes on December 11, with at least one gaining more than 1000%. Sales and transactions of major NFTs hit a surge even though the price of Ether remained mostly unaffected. The recent rally in nonfungible tokens comes amid weakening prices of digital assets… Continue reading Major NFTs See Sales Explode But ETH Remains Unchanged Amid Bear Market
Industry Shows Confidence In The NFT Sector Amid The FTX Saga
NFT artist Johnathan Schultz thinks that the era of nonfungible tokens (NFTs) without utility is diminishing, and to survive, it needs to outgrow the “memeification” of things. Even before the FTX saga, NFT collections have already felt the effect of the crypto winter, with trading volumes going down by 98%. With the FTX saga still… Continue reading Industry Shows Confidence In The NFT Sector Amid The FTX Saga