CryptoPunk NFT purchased for over $1M sells for less than $140K

The investor who bought CryptoPunk #273  for more than $1 million less than seven months ago sold the NFT for $139,530 — at a massive almost 80% loss. Out of the last 10 CryptoPunks that have been sold, eight were sold at a loss. CryptoPunk #273 was sold for a paltry sum of 55 ETH … Read more

Otherside virtual land value falls as interest recedes

Yuga Labs‘ Otherdeeds NFTs are already selling below the initial purchase price on OpenSea due to waning interest, Bloomberg News reported. After the highly anticipated minting during which Yuga Labs made $320 million, interest in the NFTs has decreased, leading many buyers to try and cash out at a loss. Many paid as high as … Read more

Ethereum Gas Fees Spike to New Highs on Latest NFT Hype

There were many disgruntled Ethereum users over the weekend following a Yuga Labs nonfungible token (NFT) launch which caused gas prices to surge to new highs. Sponsored Sponsored Over the weekend, the firm behind the wildly popular Bored Ape Yacht Club NFT collection, Yuga Labs, launched a new land title collection called Otherdeed for its … Read more

Yuga Labs raises $450 million in latest funding round

Earlier this week, Yuga Labs, the company behind BAYC and some of the most successful NFT projects, announced its latest round of funding. Yuga Labs: Long-term Development Yuga Labs is the most successful NFT Company – at least for now. The company owns three of the most recognizable and lucrative NFT brands. Earlier this week, … Read more