Shaquille O’Neal has agreed to pay $11 million to settle a class action lawsuit brought by holders of the Astrals NFT collection. The settlement, submitted as an unopposed proposal on Monday in a Florida district court, is now pending approval by Judge Federico Moreno. If granted, it will resolve allegations that he promoted unregistered securities. […] More
November has already surpassed October’s total volume, continuing strong market momentum for NFTs. News COINTELEGRAPH IN YOUR SOCIAL FEED Non-fungible tokens (NFTs) maintained a relatively strong weekly sales volume despite a slight decline compared to last week’s surge. On Nov. 24, NFT data tracker CryptoSlam showed that digital collectibles had a solid week, recording a […] More
As Bitcoin surges toward the $100,000 mark, touching a new all-time high of $99,655.50, the non-fungible token (NFT) sales volume has shown a drop of 9.6% to $160.9 million. The global cryptocurrency market capitalization has continued to surge, reaching $3.35 trillion from last week’s $3.03 trillion. This marks a 2% increase over the last day, […] More
As we navigate the landscape of digital assets, the question looms large: Are NFTs dead? The fervor that once engulfed the NFT market has certainly dimmed since the euphoric days of 2021, often compared to tulip mania. However, rather than writing an epitaph for NFTs, we should consider a transformative future shaped by evolving perceptions […] More
Truemarkets raises $4.03M through an NFT sale as Ethereum co-founder Vitalik Buterin buys 400 NFTs worth $107,000. Truemarkets, the decentralized prediction platform, raised the amount by selling 15,071 Non-Fungible Tokens during its public sale. The NFTs were priced at 0.08 Ethereum (ETH), which is equivalent to about $250 each. One of the buyers was ETH […] More
A Southern District of New York Bankruptcy Judge has approved Celsius Network’s request to serve legal notices via non-fungible token (NFT) airdrops. Celsius, currently undergoing insolvency proceedings, seeks to recover funds from allegedly fraudulent transfers to unidentified digital wallets. Alternative Solution Following its bankruptcy, the company sued to void the fraudulent transfers and recover additional […] More
The chances of NFTs taking Web3 mainstream just received a massive shot in the arm with 100+ million coffee cups branded in the family-friendly colorful artwork of the Doodles IP starting to appear at McDonald’s across the US. Grabbing a Doodles coffee in Atlanta (X) While some users have been frustrated so far hunting down […] More
NFTs continue to recover as weekly sales volumes hit $181 million, surging 94% week-on-week. Newsletter COINTELEGRAPH IN YOUR SOCIAL FEED In this week’s newsletter, read about non-fungible token (NFT) sales volume’s continued recovery with a 94% surge week-on-week, check out McDonald’s new partnership with NFT project Doodles for its online promotion called “GM Spread Joy,” […] More
NBA legend Shaquille O’Neal has agreed to pay $11 million in a settlement with the Astrals NFT collection to resolve a lawsuit filed by holders. Hall-of-Famer O’Neal reached the settlement after allegations that he promoted unregistered securities tied to the Astrals non-fungible token project project on Solana (SOL). As the collection’s lead celebrity, O’Neal used […] More
Shaquille O’Neal signed an $11 million settlement in exchange for dismissing a class-action lawsuit. News COINTELEGRAPH IN YOUR SOCIAL FEED Former NBA star player and sports commentator Shaquille O’Neal has agreed to a class action settlement fund for Astrals non-fungible token (NFT) investors. The NBA legend also resolved claims in a separate FTX lawsuit and […] More
A recent analysis has revealed that the non-fungible token (NFT) market struggled in 2024, with untimely price drops and several failed projects. The research by NFTevening and digital PR agency Storible examined more than 29,000 NFT collections released throughout the year, compiling data from OpenSea and Dune analytics. NFT Market Profitability Struggles Dubbed “State of […] More
The Ethereum network led the week with $67 million in NFT sales, while Bitcoin-based NFTs recorded $60 million in sales over the last seven days. News COINTELEGRAPH IN YOUR SOCIAL FEED Non-fungible tokens recorded a weekly sales volume of $181 million, as Bitcoin and other crypto assets recorded massive gains. On Nov. 17, digital collectible […] More
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