NFT Insider

2022-11-10 01:05:54 How low can you go?

Solana falls to below $13… that is almost -50% in the last 24hrs.

NFT activities on the chain has also been diminishing in every way….

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2022-11-10 00:16:45 Binance walks away from FTX deal.

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2022-11-09 22:44:30 The official website of Alameda Research (https://www.alameda-research.com/) is down.

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2022-11-09 22:42:09 US financial regulators are investigating whether beleaguered crypto-exchange FTX properly handled customer funds and its relationship with other parts of Sam Bankman-Fried’s crypto empire.

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2022-11-09 22:41:39 CZ published a message that was shared with Binance employees. Few of the key takeaways:

"We did not master plan this or anything related to it. It was less than 24 hrs ago that SBF called me."
CZ asks all employees to stop trading FTT, and Binance as an organization stopped trading FTT too
"FTX going down is not good for anyone in the industry. Do not view it as a "win for us" because CZ believes that regulators will scrutinize all crypto even more, and customer confidence got hurt

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2022-11-09 22:15:32 It has been confirmed that Zuckerberg will be firing more than 11,000 employees at Facebook and Meta.

This is the result of the $15 Billion spent on its metaverse "Horizon Worlds," which got nothing but negative feedback from the critics during its development.

Zuckerberg sent this message to its employees today on Nov 9;

"Today I'm sharing some of the most difficult changes we've made in Meta's history," the billionaire CEO began, continuing, "I've decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go."

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2022-11-09 11:41:27 OpenSea's new NFT creator royalty structure is creating a massive wave in the NFT industry. Artists are calling out NFT marketplaces that are stipping creators of their pay.

(NFT creators and artists lived off the incentivized royalty payouts, which separated NFTs from traditional art and created a way for artists to be paid on a regular basis. Due to this payout, artists that moved into NFTs have lifted themselves out of poverty and welfare, receiving stable income. This was one of the most valued assets that the NFT industry carried, which guided many artists to transfer over and embrace the power of web3.)

However, NFT marketplace Objkt, Rarible, and MakersPlace, among others, are supporting Royalties and taking this opportunity to show their support for creators. If OpenSea does in fact get rid of the creator royalties, we assume that artists will flock toward a platform where royalties are supported.

#nftroyalties

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2022-11-09 05:58:01 The mass layoffs by Meta will commence on Wednesday morning, and the cut will apply to most departments totaling thousands of employees.

Meta CEO Mark Zuckerberg has taken responsibility and admitted that he is accountable for the company's missteps and that his over-optimism about Meta's metaverse had led to overstaffing.

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2022-11-09 04:13:01 Following the recent trend of many NFT marketplaces supporting zero royalties, the biggest player in the market OpenSea has introduced a new royalty structure.

Effective November 8, creators must add a specific code into the smart contract if they want to enforce royalties in secondary sales of their work.

However, the NFT community is on fire as the new structure took place. This would mean that a major chunk of the creator's income will disappear.

OpenSea has given itself until December 8, 2022, to come out with a firm stance regarding how it will address royalties enforcement for existing collections; and if OpenSea happens to take the 0% road, many artists are claiming that they would take their collection elsewhere.

Its worth noting that a recent October study by Galaxy Digital shows that a total of more than $1.8 billion in royalties were paid to Ethereum-based NFT collections.

#opensea #creatorroyalties

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2022-11-09 03:03:54 Line's new NFT unit LineNext shared that it has launched a customer-to-customer (C2C) marketplace on the DOSI NFT platform.

The new marketplace will allow users to trade NFTs on its DOSI platform using Metamask and offer a simplified transaction process. Users will be able to buy and sell NFTs with just a few clicks using Ethereum, credit cards, and Naver Pay as payment methods.

Line plans to develop the NFT business not only in Japan but also globally, both in Korea and the United States; to focus on expanding the NFT ecosystem.

#nftmarketplace #line #dosi

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