Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
CryptoPunks
CryptoPunks Community Rejects ‘Woke’ Art, Yuga Labs Scraps New NFTs
Yuga Labs is reversing course on its new CryptoPunks collaboration following significant backlash from the community over allegations of the collection being excessively 'woke.’ The Punk in Residence Program The Punk in Residence program was created to foster on-chain collaborations and stimulate creative experimentation within the NFT space. Yuga Labs selected artist Nina Chanel Abney to spearhead this initiative, resulting in the unveiling of her “Super Punk World” collection. This launch, which included an opening event at The School at…
1 year ago
NFT Market Sets New Records As Alien Cryptopunk Art Is Sold For $762K
In the midst of a booming market for non-fungible tokens (NFTs), a rare alien CryptoPunk art was sold for $762,000. CryptoPunks are considered to be the project that inspired the CryptoArt movement. CryptoPunk sold for $762,000 A non-fungible token (NFT) from the CryptoPunks collection was sold on Saturday, January 23 for 605 Ether ($762,000). This was revealed on the website of Larva Labs CryptoPunks are highly regarded within the NFT sector since they predate the creation of CryptoKitties and the…
4 years ago