In brief
— Kevin Roose (@kevinroose) March 25, 2021
$84,027.00
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-4.19%$2.65
-1.73%Reading
Yesterday, The New York Times ran a column about the emerging market for NFTs, and put an image of the piece up for auction as an NFT.
The article is titled “Buy This Column on the Blockchain!”
Today, someone has: the NFT just sold for around $560,000 on Foundation, a dedicated marketplace for digital collectibles. Last-minute bidding on the NFT quickly drove up the price, rising from just over $100,000 to a half million within minutes.
Non-fungible tokens have been making serious money for visual artists and musicians, as crypto’s nouveau riche have injected millions into the market.
But journalists and media outlets have gotten involved, too: Quartz already sold an article as an NFT (for just $1,800) and TIME Magazine auctioned off three cover images as NFTs, netting close to half a million dollars. The Associated Press sold a piece of art as an NFT, and the humble Decrypt just launched an NFT initiative earlier this morning.
— Kevin Roose (@kevinroose) March 25, 2021
The Times’ column specifies that proceeds from the sale will be donated to the Neediest Cases Fund, a nonprofit organization operated by the paper.
A CryptoPunks owner sold their NFT for $6 million worth of Ethereum on Thursday, netting a $10 million loss in the process. CryptoPunk #3100, one of nine Alien Punks in the 10,000-piece collection and the only one with a headband, sold for 4,000 ETH or about $6,076,840 at current prices via a private offer on the CryptoPunks marketplace. The deal was allegedly brokered by crypto art brokerage Fountain. The anonymous seller had initially purchased the #3100 in March 2024 for 4,500 ETH, or aroun...
After teasing a big announcement and an announcement of an announcement, Magic Eden has finally revealed the news: It’s pivoting into fungible token and meme coin trading across multiple chains. In a move signaling its growing ambitions beyond NFTs, Magic Eden revealed Wednesday that it will acquire Slingshot Finance, the mobile-first crypto trading application known for its cross-chain swaps and retail-friendly interface. The acquisition strategy positions Magic Eden as an alternative to tradit...
Crypto game Aavegotchi is set to migrate from one Ethereum scaling network to another following a successful community vote—and in the process, another gaming-centric network is set to bite the dust. On Tuesday, a DAO vote for Aavegotchi to migrate from Ethereum sidechain network Polygon to Coinbase's Base layer-2 network reached quorum. The proposal, written by Aavegotchi developer Pixelcraft Studios, suggested that the game "perform a full, 'all-in, no-looking-back' migration to Base." Aavegot...