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Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
Non-fungible tokens (NFTs) have gone mainstream. Public figures from tennis star Naomi Osaka to TV legend William Shatner have gotten aboard the NFT train, creating unique digital assets for a hungry, hyped-up market. The NFT bubble is so big, it has even entered socialite and crypto-enthusiast Paris Hilton’s dreams, according to a recent interview. ....
Amid Slowing NFT Demand NBA Top Shot Creator Raises Capital Again, Tripling Valuation Share to Facebook Share to Linkedin Dapper Labs is reportedly raising a new venture round at an astonishing $7.5 billion valuation despite the market cooldown Dapper Labs Just weeks after closing the $305 million VC round at a $2.6 billion valuation, Dapper Labs, the Vancouver-based startup behind the leading NFT marketplace NBA Top Shot, is reportedly raising more capital. The new round could triple the company’s valuation to $7.5 billion, according to The Information. The round is being led by Tiger cub hedge fund Coatue Management, which led the previous round and recently invested in crypto custody startup Fireblocks, backed by BNY Mellon. Dapper Labs has not been immediately available and Coatue’s representative declined to comment. ....
Adobe Scott Belsky is the chief product officer of Adobe and founder of Behance, Adobe s social media platform. The following is a recent blog post, republished with permission, that originally ran on Medium. He discusses how crypto art cuts out the middle man and gives artists full credit and fair payment. Over the last year I became the proud owner of The Furry Lisa, among several other one-of-a-kind digital creations often referred to as crypto art or NFTs (non-fungible tokens a special type of cryptographic token and digital contract that represents something specific and unique as opposed to Bitcoin and other cryptocurrencies and tokens that are fungible). ....