NFT Insider

2022-11-19 08:00:22 NFT INSIDER HIGHLIGHTS

In case you have missed this week's top news, here are the highlights:

FTX file for bankruptcy
FTX gets hacked for over $500M just after the bankruptcy announcement
Solana plunges to as low as $12.25
Bored Ape NFT prices plunge after FTX's fall
92 Blue Chip NFTs owned by FTX are being liquidated
Yugalabs acquire WENEW and 10KTF
BlockFi prepares to file its own bankruptcy
Steph Curry, Tom Brady, and other celebrities are being sued for endorsing FTX
Cristiano Ronaldo announces NFT collection with Binance
FTX's audit firm operates a metaverse location
Adidas announces new NFT collection "Virtual Gear”

Follow us for more Web3 news updates!

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2022-11-19 06:48:55 Metamask announced that it has now added a feature to estimate what your NFTs are worth.

It is powered by NFTbank_ai and claims that it can provide estimates with 90% accuracy.

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2022-11-19 04:53:26 Givenchy partners with web3 artists Zine to drop a phygital NFT collection.

The drop took place today, November 18, with a total of 360 NFTs that ranged from €520 euros to €4790. People who buy a physical piece will receive an email to redeem their NFTs.

The NFTs will grant access to a membership program that is set to launch in 2023.

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2022-11-19 02:06:54 As one of the leaders of taking royalties away from creators in the first place, X2Y2 is back saying that it will enforce royalties again to all collections.

In a Twitter thread, the NFT marketplace shared that it respected the "code" and will put beliefs aside and remove the "Flexible Royalty" setting for all new listings of NFTs with OperatorFiltor.

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2022-11-18 23:19:11 Harmony POS blockchain has partnered with Game Space to transform GameFi by helping Web2 games to easily transition into Web3, reducing the time and cost of on-chain development.

Game Space will provide embedded SDK allowing Web2 gaming companies to embed an NFT marketplace and token wallet directly into their game.

Both Harmony and Game Space will continue to promote GameFi and NFT projects to boost Web3 adoption.

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2022-11-18 03:43:29 As many of the crypto community assumed that El Salvador had lost most of its BTC holdings with the FTX fall, the President of El Salvador claimed on Twitter that he would start buying one bitcoin every day starting on Nov 18.

We can't be sure if he's setting a stage for himself or has a real strategy, but here are some top replies by the community.

"how broke is this nation lmao"

"How much has El Salvador LOST so far on Bitcoin?"

"I guess some never learn."

"A #bitcoin a day keeps the despair away."

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2022-11-18 02:32:02 Coachella auctioned 10 lifetime passes and accompanying luxury packages in the form of NFTs for nearly $1.5 million.

The promotion was partnered with FTX, and now, with the bankruptcy, customers can't access their NFT Coachella Key.

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2022-11-18 00:32:58 The WSJ reported that Genesis sought a $1 billion loan from investors due to FTX's collapse and bankruptcy.

WSJ noted that the funds were sought by Nov 14 due to a "liquidity crunch due to certain illiquid assets on its balance sheet," before it announced on Nov 16 that it was halting all customer withdrawals.

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2022-11-17 22:43:42 Famous pop star Justin Bieber purchased his Bored Ape NFT #3001 in January for 500 ETH, equivalent to $1.3 million.

Today its only worth about $69,000, or 59.16 ETH representing a loss of over 90% of its original value.

Data from NFT price floor shows that the collection's floor price has fallen to 58.2 ETH, reflecting the recent events in the crypto.

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2022-11-17 04:36:11 Just within days of FTX filing its chapter 11 bankruptcy, alerting the entire crypto market.

Crypto lender BlockFi is also reportedly preparing for its own chapter 11 bankruptcy. The platform has paused client withdrawals, citing uncertainties with FTX. The platform has also said that it had adequate liquidity and was exploring options with outside advisors.

Multiple reports confirmed that FTX US and BlockFi have close ties, where FTX US provided BlockFi with a $400 million revolving credit line, and in exchange, BlockFi has given massive loans to Alameda Research.

Some users have reported on Twitter that withdrawal requests put in three days ago still have not been completed.

BlockFi's website and a notice shared by the company since Nov 10 have suspiciously hinted at the trouble, citing that BlockFi cannot resume business as usual due to "platform activity" and that withdrawals will be paused.

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