Tag: digitalassets

DraftKings' $10M NFT Settlement: A Win for Consumers, A Warning for Web3

DraftKings' $10M NFT Settlement: A Win for Consumers, A Warning for Web3

Picture a pretty typical dude, we’ll call him Mark, who likes playing fantasy sports. He witnessed the frenzy that was DraftKings’ Reignmakers NFTs – digital player cards that offered holders exclusive access to contests and chances of real-world value. He spent a few hundred dollars, perhaps even a thousand, on...

Bitcoin Surges Past $87,000 Amidst Rising Institutional Interest

Bitcoin Surges Past $87,000 Amidst Rising Institutional Interest

Bitcoin has once again taken the world by storm, rising above $87,000 on April 21, 2025, and capturing the imagination of every investor and analyst. This is up to its highest level since late March. It ignites fresh hopes for an impending bull market wherever that alluring $90k level resides....

LCX Unveils LCXP Token for Platinum-Backed NFTs

LCX Unveils LCXP Token for Platinum-Backed NFTs

LCX, the compliant digital asset exchange based in Liechtenstein, recently launched LCXP. This new utility token enables everyone to unlock ownership of physical platinum via non-fungible tokens (NFTs). Each LCXP token unlocks access to a Tiamonds Platinum NFT. Each NFT is backed by one ounce of platinum, safely stored in...

LCX's Tokenization: Is This The Catalyst For Crypto's Next Bull Run?

LCX's Tokenization: Is This The Catalyst For Crypto's Next Bull Run?

Can a small European nation, known more for its picturesque landscapes than cutting-edge finance, hold the key to unlocking the next crypto bull run? Liechtenstein-based LCX certainly believes so, and their new end-to-end tokenization framework is building a pretty compelling argument. I don’t just think, I know, that they are...

Metaplex's $7M SOL Sweep: Lawsuit Looming? What NFT Holders Need to Know

Metaplex's $7M SOL Sweep: Lawsuit Looming? What NFT Holders Need to Know

Yet today, the Solana NFT space is simultaneously alive with anticipation and overrun with controversy. Metaplex’s recent proposal to sweep more than 54,000 unclaimed SOL tokens—worth nearly $7.3 million—into its DAO treasury. This decision has sparked fury from existing NFT holders. It presents troubling issues regarding transparency, user trust, and...

CloneX's Broken Links: A $119M NFT Lesson in Web3 Infrastructure

CloneX's Broken Links: A $119M NFT Lesson in Web3 Infrastructure

The NFT industry has transformed how we think about digital ownership, but this burgeoning market is not without its pitfalls. Recently, CloneX, a high-profile NFT project valued at $119 million, experienced a significant issue: broken links causing images to disappear from platforms like OpenSea and Blur. This unfortunate situation provides...

MapleStory Universe: A Deep Dive into Nexon's Web3 Vision

MapleStory Universe: A Deep Dive into Nexon's Web3 Vision

Nexon, a prominent figure in the gaming industry, is strategically embracing blockchain technology, signaling a significant shift towards decentralized ecosystems and user-generated content. This initiative, called MSU, encapsulates this shift and represents a groundbreaking effort to expand the beloved MapleStory IP. Nexon’s $100 million investment aims to foster a rich...

MapleStory Universe Why Nexon's Blockchain Gamble Could Save Gaming

MapleStory Universe Why Nexon's Blockchain Gamble Could Save Gaming

Yet gaming, at its core, has always been an ownership-based industry. Recollect yourself as a child furiously trading Pokemon cards, excitement and joy when you finally got that elusive Charizard. Or just spending a million hours grinding for that Diablo II unique item, knowing deep in your heart it belonged...

Dormant Bitcoin Awakens Untapped DeFi Potential

Dormant Bitcoin Awakens Untapped DeFi Potential

Bitcoin, the cornerstone of the cryptocurrency market and a top-tier global asset, is increasingly being recognized for its store of value. Significantly, nearly 60% of Bitcoin’s total supply is essentially inactive. As of early 2025, roughly 62% of the active supply hasn’t been used in more than a year. Creative...

DeFi Sector Displays Robust Growth, Tether Dominates Stablecoin Landscape

DeFi Sector Displays Robust Growth, Tether Dominates Stablecoin Landscape

Decentralized Finance (DeFi) has been on fire lately. It’s currently experiencing booming success, with Total Value Locked (TVL) and revenue skyrocketing in a variety of sectors. Tether (USDT) has emerged as the dominant stablecoin within the DeFi ecosystem, surpassing Circle's USDC in market registration and collateralization. Lending protocols remain the...