Influencer in Hot Water Over $7 Million Presale
This week, the NFT world has been buzzing as ben.eth, an enigmatic NFT influencer, was served a settlement demand in the most avant-garde way—via NFT! The lawsuit claims that ben.eth has pulled off a wire fraud caper during the presale of the Psyop (PSYOP) token, which raked in a whopping $7 million. Talk about a twist on digital communication!
The allegations suggest that the influencer employed some shady tactics to get that presale off the ground. Details are still hazy, as the true identity of ben.eth remains an NFT-mystery. This case reflects the frantic pace and murky waters of the NFT market, where the risks of fraud can be as high as the price of an ultra-rare item.
NFTs and Education: A Match Made in Data Heaven?
In a parallel universe—like, say, the one where education is self-sustaining—NFTs are being hailed as a potential solution to rampant issues like fake qualifications and unfair pay in the teaching profession. Professor Beau Brannan from Pepperdine University is lending his academic cred to the notion that NFTs could help offer clearer insights into educational achievements.
Moreover, some community projects are brewing fresh solutions aimed at giving teachers a larger slice of the revenue pie. It’s about time someone takes on the education dragon, right?
Three Arrows Capital’s NFT Auction: Liquidation Roulette
Hold onto your digital hats! The now-defunct crypto hedge fund Three Arrows Capital (3AC) recently held an NFT auction that drew a staggering $2.5 million. Managed by the fine folks at Sotheby’s, the event featured rare gems like Tyler Hobbs’ Fidenza #725, which sold for a jaw-dropping $1 million. The sale of these NFTs was a strategy by liquidators to recoup some of the $3.5 billion the firm owes its creditors.
In the wild sphere of crypto, this event showcases how liquidations can still provoke a fair amount of excitement and treasure hunting.
PUNK’s Downfall: ETF Bows Out Against Meta
In a sad tale from the world of finance, the Subversive Metaverse ETF—dubbed PUNK—has decided to throw in the towel after a 15-month duel against Meta’s ambitious metaverse vision. The ETF sustained a 30% loss and will officially close its shutters on May 31.
Subversive Capital intends to pivot toward artificial intelligence instead, asserting that tech companies should align with more noble values like sustainability and factual integrity. The struggle was real, but hey, sometimes you have to roll with the digital punches.
Nifty News Roundup: Bitcoin Takes Center Stage
In a delightful twist, Bitcoin has surged to become the second-largest NFT chain by sales volume! Thanks to data from NFT analytics platform CryptoSlam, it’s clear that Bitcoin isn’t just for the financial elite anymore; it’s also stepping into the NFT spotlight with notable sales figures across various timeframes.
While StepN integrates Apple Pay to streamline transactions, the crypto realm is certainly keeping its fans on their toes. Who doesn’t love a bustling scene of digital currencies, flying tokens, and innovative tech?
