Magic Eden CEO and co-founder Jack Lu says the crypto industry is entering a “speculation supercycle,” driven by a boom in prediction markets and betting platforms that are blending finance with entertainment.... Read more »
Update Jan. 23, 9:00 am UTC: This article has been updated to add comments from an Aave spokesperson. Decentralized finance (DeFi) protocol Aave transferred stewardship of the social infrastructure protocol Lens to... Read more »
US prosecutors will not retry their wire fraud and money laundering case against a former manager at the nonfungible token platform OpenSea, following a federal appeals court’s July reversal of the convictions.... Read more »
Nifty Gateway, one of the earliest and most recognizable NFT marketplaces, is set to shut down operations next month, marking another high-profile exit amid the sector’s prolonged downturn. “Today, we are announcing... Read more »
Social NFT marketplace Rodeo has become the second NFT platform this week to announce its closure amid a tough market climate for nonfungible tokens. Rodeo launched via Apple’s iOS store in March... Read more »