Justin Doom

Adam Neumann attends the 2018 Time 100 Gala at Jazz at Lincoln Center. Image: Shutterstock

WeWait: Adam Neumann's Flowcarbon Ebbs

Flowcarbon, a project to add the voluntary carbon market to the blockchain, has decided to "wait for markets to stabilize" instead of forging ahead in a frigid crypto winter, according to the Wall Street Journal. The venture from Adam Neumann, who's worth $2 billion despite steering WeWork off a cliff, raised $70 million in May from a group of investors that includes a16z. Among that sum, $38 million came from a private presale of Flowcarbon's Goddess Nature Tokens (GNT), which are backed by a b

'Opening Our Arms': Polygon Studios CEO on Rescuing Terra Projects

Almost 50 projects built on Terra, including the NFT marketplace OnePlanet and metaverse game Derby Stars, have begun migrating to Polygon—and more are on the way. "We will be putting capital and resources against these migrations to welcome the developers and their respective communities," Polygon Studios CEO Ryan Wyatt tweeted on Friday. UPDATE: Terra projects have begun migration. Over 48 projects and counting… including @OnePlanet_NFT, an exclusive @0xPolygon marketplace, and @DerbyStars_HQ

SAND Gains Almost 20% in Wake of Tech Giants' Metaverse Announcement

The Sandbox's SAND token, just days after tech companies including Meta and Microsoft announced the formation of something called the Metaverse Standards Forum, is up almost 20%. SAND, over the last 24 hours, had gained 19% to $1.31 as of this writing, according to data compiled by CoinMarketCap. Similarly, over that same span, Decentraland's MANA token had gained almost 9% to $1.02. The Sandbox and Decentraland are Ethereum-based games in which users can buy virtual land plots—sometimes for mil

Bored Ape NFTs are some of the most popular Ethereum collectibles on the market. Image: Shutterstock

Yuga Labs Lawsuit Accuses Ryder Ripps of 'Scamming Consumers' With Fake Bored Apes

Yuga Labs, the company behind Bored Ape Yacht Club, has filed a lawsuit against Ryder Ripps, claiming the online provocateur has been "scamming" buyers with falsely equivalent NFTs in a "deliberate effort to harm Yuga Labs at the expense of consumers." (2/2) ... us and the BAYC community, we have filed a lawsuit against the responsible parties. We will continue exploring and pursuing all legal options at our disposal. — Yuga Labs (@yugalabs) June 25, 2022 NFTs, or non-fungible tokens, are uniq

Do Kwon and Terraform Labs Slapped With Class-Action Suit

Do Kwon, the "heartbroken" co-creator of Terra, headlines a raft of defendants named in a class-action suit filed Friday in U.S. District Court in Northern California. Kwon is joined by a group that includes Terraform Labs, Jump Crypto, and Three Arrows Capital. Plaintiff Nick Patterson is alleging, among other accusations, that Terra tokens were sold as "unregistered securities," and that the "Defendants made aseries of false and misleading statements regarding the largest Terra ecosystem digit

Seven-Hour Solana Crash Blamed on Bots Swarming Candy Machine

Solana went dark for nearly seven hours on Saturday—roughly 4:30 pm to 11 pm EST—after bots appear to have swarmed Candy Machine, an NFT minting tool. The NFT minting bots reportedly submitted more than 4 million transactions a second, generating more than 100 Gbps of traffic that crashed the network. The outage, according to a tweet from Metaplex, was "partially due to botting on the Metaplex Candy Machine program. To combat this, we have merged and will soon deploy a botting penalty to the pr

ApeCoin, from the project's Twitter header image.

Leading NFT Marketplace OpenSea Now Accepting ApeCoin

In the buildup to today's Otherside metaverse drop by Bored Ape Yacht Club creators Yuga Labs, top NFT marketplace OpenSea has announced it's now accepting ApeCoin. This comes just days after APE became the largest metaverse token by market cap. ApeCoin, as of this writing, was up 1.3% over the last 24 hours and more than 33% over the last week, according to data compiled by CoinMarketCap. .@opensea just announced ApeCoin will be used to make purchases on its platform!👏🎉🎊 https://t.co/SPJhQG

'Crypto for Good': Ukrainian Official Shares Photo of New Military Equipment

Ukraine's vice prime minister and minister of digital information, Mykhailo Fedorov, on Sunday shared a photo of what the war-torn nation is spending crypto donations on: 200 sets of ballistic plates for bulletproof vests. "The better equipped soldiers," wrote Fedorov, "the sooner day of Ukrainian victory." Ukraine began accepting donations in cryptocurrencies almost immediately after Russia invaded in late February. Tens of millions of dollars quickly flooded in—from individuals, crypto grants,

$18.6M in Crypto Sent to Ukraine Includes Almost $2M From NFT Sales

The tally of cryptocurrency donations sent to Ukraine's government and NGOs since the start of its armed conflict with Russia is nearing $19 million, including $1.86 million from one NFT (non-fungible token) collection, according to blockchain analytics firm Elliptic. That total is rising rapidly as donations pour in for what's been dubbed the "world's first crypto war." The crypto war chest includes a single donation of $1.86 million that "appears to have originated," Elliptic wrote, from the N

Bitcoin Super Bowl: Crypto Ads Live Reaction Blog

Super Bowl LVI could be a lot of things. It could be the Cincinnati Bengals winning the city's first NFL title, after San Francisco's Joe Montana beat them twice in the 1980s. Or it could be the Los Angeles Rams becoming the first team to win a Super Bowl in their home stadium since... well, last year, when Tom Brady's Buccaneers won in Tampa. But either way, there's little doubt of one thing: Viewers will see more Bitcoin and crypto ads than they've ever been exposed to before. At least six com

Nouns-inspired physical glasses Bud Light will give to its N3XT NFT holders (@budlight on Twitter)

Bud Light to Give NFT Holders Physical Glasses Inspired by Nouns NFTs

Bud Light has created more than 12,000 NFTs—priced at $399 apiece—tied to the launch of its new beer brand N3XT, and now it's offering holders of the N3XT NFTs something new: Nouns-inspired specs. Like, actual glasses. In just the latest example of mainstream brands embracing crypto, Bud Light, which last year bought a hand-drawn beer rocket NFT for 8 ETH (about $26,000 at the time) and registered the domain beer.eth, announced on Saturday that each "N3XT NFT Collection HODLer" can receive a "ve

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Stories by Justin Doom