“The partnership between blockchain company Polygon Labs and SK Telecom aims to enhance SKT’s Web3 ecosystem. However, the practical use of incubated Web3 startups and efficient use of Polygon network is in question. Cybercrimes in the crypto industry and the legal controversies surrounding NFTs highlight the urgency for regulatory guidelines and improved security measures. The growth of blockchain technology and AI is promising but challenged by legal and user safety issues.”
Search Results for: Sothebys
Sotheby’s, Yuga Labs and the NFT Controversy: Allegations, Implications and Affects on the Market
“Sotheby’s and Yuga Labs face allegations of conspiracy and deceptive promotion of Bored Ape Yacht Club’s NFTs. This court case, amid a downturn in the wider NFT and DeFi markets, raises questions within crypto community whether such incidents represent a transient phase or a profound shift.”
Bankrupt Crypto Hedge Fund’s NFTs Fetch Millions: A Lesson in Market Volatility and Caution
Bankrupt Singaporean crypto hedge fund Three Arrows Capital’s (3AC) digital collectibles fetched $10.9 million at a New York auction. This reflects increasing interest in non-fungible tokens (NFTs) among non-crypto and non-NFT collectors. However, the NFT market faces declining sales and requires cautious navigation by enthusiasts and investors.
Surprising $5.4M Sotheby’s NFT Sale: A Triumph or Warning for the Crypto Market?
Dmitri Cherniak’s Ringers #879 NFT, also known as “The Goose,” recently sold for $5.4 million at a Sotheby’s auction, surpassing expectations. This sale highlights the thriving market for digital art, growing interest in NFTs, and the importance of generative art within the digital landscape.
Sotheby’s Largest NFT Auction: Generative Art’s Value and Uniqueness Debated
Sotheby’s is hosting its largest-ever live auction of digital art, featuring NFTs from the bankrupt crypto hedge fund Three Arrows Capital’s “Grails” collection. The event highlights generative artists like Dmitri Cherniak and Tyler Hobbs, but raises questions about the uniqueness and value of algorithm-generated art in the rapidly growing market dominated by soaring prices.
Sotheby’s NFT Auction: Recouping 3AC Losses and the Future of Digital Art Assets
Sotheby’s auctioned rare NFTs from the Grails collection, initially owned by bankrupt crypto hedge fund Three Arrows Capital (3AC), yielding $2,482,850. The collection features generative art pieces and significant digital artworks, with more NFTs from 3AC’s collection to be sold in the future.
Sotheby’s NFT Marketplace: A Boost for Digital Art or a Step Away from Inclusivity?
Sotheby’s expands its Metaverse platform by launching a blockchain-based NFT marketplace focused on secondary sales and curated digital art. This move, met with excitement and uncertainty, may bring added value to the NFT market or face challenges attracting sustained buyer interest amid a struggling NFT market.
Sotheby’s On-Chain NFT Marketplace: Promising Art World Shift or Mere Hype?
Sotheby’s launches an on-chain marketplace for secondary NFTs on Ethereum and Polygon networks, offering a curated selection of leading artists, fostering trust and exclusivity. Utilizing smart contracts, the platform allows transactions using ether or polygon and ensures artist royalties are met automatically.
Sotheby’s Metaverse: P2P NFT Marketplace Honors Artist Royalties on Ethereum & Polygon
Renowned art auction house Sotheby’s has delved further into non-fungible tokens (NFTs) with its new […]