Mastercard NFT leader steps down and tokenizes resignation letter

Mastercard NFT product lead Satvik Sethi said in a series of tweets on Feb. 2 that he has resigned from that position, which he has held for the past year. Sethi said he experienced harassment and distress due to the company’s management. He suggested that his salary was denied to him, his employment contract was … Read more

Rally’s RLY token tanks 10% as sidechain shuts down – severing users’ from their NFTs

Ethereum-based (ETH) social token platform Rally said its sidechain would shutter operations on Jan. 31, and users would be unable to transfer their non-fungible tokens (NFTs), according to emails sent to its community on the same day. Following the news, its native token RLY  fell by roughly 10% to $0.01353, according to CryptoSlate data. The … Read more

Porsche to halt NFT minting after backlash

Porsche will no longer allow users to mint its Ethereum-based NFTs, according to a series of tweets posted by the luxury car company on Tuesday, Jan. 24. The company alluded to public backlash on Twitter, writing “our holders have spoken.” The company promised to cut the NFT supply and prevent new NFTs from being minted. … Read more

Porsche NFT collection floor price collapses post-launch

Porsche’s NFT collection fell below its 0.911 Ethereum (ETH) — roughly $1,500 — mint price to 0.88 ETH ($1440) a few hours after its launch on Jan. 23, according to OpenSea data. The iconic carmaker drew the ire of the crypto community, who severely criticized its high mint price and described its sales strategy as … Read more

Axie Infinity AXS rises 42% despite imminent token unlock

Axie Infinity’s AXS token continued its impressive price action, rising 42% over the last 24 hours to $13.06, according to CryptoSlate data. The positive price performance is coming ahead of an imminent token unlock that would release 4.89 million new tokens — 1.8% of the asset’s 270 million total supply — worth roughly $63.8 million, … Read more

BNB Chain deployed the most dApps in 2022, while Ethereum led the pack for NFT transactions

BNB Chain deployed the highest number of dApps throughout 2022 with 2,163 dApps, while Ethereum ranked first for amount of NFT transactions, according to a recent report by DappRadar. With 21.2 million transactions, Ethereum (ETH) became the busiest platform for NFT sales in 2022, followed by WAX (WAXP) and Polygon (MATIC) at second and third … Read more

Active crypto developers grew 5% YoY despite market decline

BitcoinMonthly active developers grew 5% YoY, despite a more than 70% decline in crypto prices in 2022, according to a recent crypto developer report from venture firm Electric Capital. The report also outlined more than 8% YoY growth in Full-Time developers. The report said: “Full-Time developer growth is the most important growth signal to track … Read more

OpenSea’s dominance shrank 23% in 2022

CryptoSlate looked into Glassnode data to evaluate OpenSea’s performance in 2022 and revealed that the marketplace’s dominance fell to 33% from 50% in January. At the beginning of the year, OpenSea corresponded to 20% of the total Ethereum (ETH) gas usage. This percentage declined throughout the year to see 9%. The marketplace’s NFT transfer count … Read more

Donald Trump’s NFT’s floor price drops 80% in 10 days

Former U.S. President Donal Trump’s NFT collection, Trump Digital Trading Cards, lost 80% of its value as the floor fell to 0.16 Ethereum (ETH) from 0.84 ETH ten days ago. Trump Digital Trading Cards Floor Price (via OpenSea) According to OpenSea data, 45,000 NFTs are currently owned by a total of 15,115 owners, which equates … Read more