nft

According to The Defiant, Cole Villemain, the co-founder of the well-known NFT project Pudgy Penguins, who was voted out by the community, launched a series of 44,000 NFTs named Spritehood on Robinhood Chain on August 11, selling out in less than an hour.According to on-chain statistics of minting transactions by analyst 0xlaplaced, this sale generated approximately $1.2829 million (equivalent to about 684.28 ETH at the minting price), higher than the approximately $755,000 figure circulating during the sale, which was a snapshot taken while the sale was still ongoing. According to the statistics, the paid sale lasted about 53 minutes, during which 37,430 pieces were sold for $17 each, and 5,526 pieces were sold for $117 each. Before the paid sale began, the deploying party also distributed 1,488 pieces for free through 20 zero-price transactions.Reports indicate that the Spritehood contract itself is displayed as unverified source code on the Blockscout browser of Robinhood Chain, preventing buyers from reviewing the public code regarding its token pricing and distribution mechanism. Cole Villemain was voted out of the founding team by the Pudgy Penguins holder community in January 2022, accompanied by accusations of misappropriating project funds, but the related accusations have remained at the level of allegations, and Villemain has not been prosecuted as a result.

Rarible announced the official launch on Solana, with Claynosaurz as the platform's first key showcased NFT series. In the coming days and weeks, Rarible will continue to integrate more NFT projects from the Solana ecosystem.Rarible stated that the team has been continuously developing, testing, and preparing for the launch over the past few months, and has communicated with various NFT communities within the Solana ecosystem to understand the stories, cultures, and community needs of different projects. The feedback received has influenced several of the platform's current product decisions. Rarible mentioned that the previously launched Gacha Station on Solana is not a standalone feature, but rather a preliminary attempt prior to this launch.Rarible indicated that the current launched content is only the basic version, and will continue to add projects, features, market experience optimizations, content, and community activities, and will work together with the Solana ecosystem to promote platform development.

According to SoSoValue data, the cryptocurrency market sector shows mixed performance. The DeFi sector rose by 1.61% in 24 hours, with ZEROBASE (ZBT) increasing by 20.98%, SoSoValue (SOSO) rising by 12.37%, and Uniswap (UNI) up by 5.08%. Meanwhile, the Layer2 sector increased by 0.22%, with Mantle (MNT) rising by 0.85%.In addition, the Layer1 sector fell by 0.33%, but Aptos (APT) rose by 1.89%; the PayFi sector decreased by 0.7%, with Monero (XMR) relatively strong, increasing by 3.43%; the CeFi sector dropped by 0.96%, while Gate (GT) rose against the trend by 2.16%; the Meme sector fell by 1.46%, with MemeCore (M) increasing by 2.49%; the NFT sector decreased by 3.85%, within which, Audiera (BEAT) continued to decline by 10.28%.

The U.S. Department of Justice (DOJ) announced that Taj Tarsha, the founder of the NFT market project Few and Far, has been charged with securities fraud and wire fraud, accused of concealing the use of funds from investors and misappropriating financing for personal consumption.According to the indictment, Tarsha raised funds from investors starting in 2022 through a SAFT (Simple Agreement for Future Tokens), claiming that the funds would be used to develop a decentralized NFT trading market and the FAR token ecosystem.Prosecutors stated that Tarsha raised over $10 million from at least 67 investors by selling approximately 95 million FAR token rights. However, shortly after the fundraising, he allegedly used investor funds for personal purposes, including online gambling, purchasing high-risk crypto assets, paying for a Miami apartment loan, interior design expenses, and personal DJ activities.The indictment documents show that Tarsha also allegedly misappropriated nearly $1 million in company funds through two bonuses that were not disclosed to investors and co-founders, as well as through high salaries. After an audit revealed anomalies in the related funds, Tarsha was accused of providing false explanations to investors, claiming that the use of funds was in line with project development needs.

On August 5, according to monitoring by Lookonchain, Ma Ji Da Ge Huang Li Cheng purchased BAYC #5670 five years ago for 85 ETH and today sold it for only 9 ETH, resulting in a loss of 76 ETH (approximately $142,000), with a loss rate of 89.4%. Subsequently, he continued to use the funds to support his ETH long position. The current position has reached 3450 ETH (approximately $6.44 million), with a liquidation price of $1839.37.

According to The Nation Online, the Nigerian Tax Authority has released the "Virtual Asset Taxation Guidelines," officially incorporating cryptocurrencies, stablecoins, NFTs, and other blockchain digital assets into the country's tax system. The guidelines were published on July 31 and provide the first detailed framework for taxing the income from assets such as cryptocurrencies, stablecoins, governance tokens, and NFTs.The guidelines stipulate that income generated from the disposal, exchange, or transfer of virtual assets must be taxed according to Nigerian tax law, and income from blockchain activities such as mining, staking, validating, airdrops, and token rewards is also subject to taxation. Virtual assets must be valued at the market price of exchange platforms recognized by the tax authority. Individuals and businesses must maintain complete transaction records, and virtual asset service providers must register for taxation and report large or suspicious transactions. The SEC continues to regulate securities-type virtual assets, while the tax authority is responsible for tax management. The guidelines do not set a separate tax rate for cryptocurrencies but apply existing tax law provisions. The guidelines follow President Bola Tinubu's executive order on establishing a coordinated regulatory framework for virtual assets.

According to DefiLlama data, the Ethereum chain random NFT acquisition protocol Fake World Assets, developed by the two-person team Token Works, surpassed the daily revenue of Collector Crypt on Solana within four days of its relaunch on July 20.On July 25, the peak daily revenue reached $447,604, with total fees of $1.6 million, and approximately 90,000 transactions including about 35,000 draws, with a trading volume of around 2,000 ETH. After that, activity declined, with revenue in the past 24 hours dropping to $167,869, ranking second in daily revenue among Ethereum protocols, only behind Sky ($464,303), and ahead of Aave ($105,282) and Uniswap ($76,028).In this protocol, depositors list NFTs along with their pledged ETH collateral (similar to Uniswap V2 trading pairs), where the collateral determines the weight of each NFT and provides depositors with irrevocable continuous bids to reacquire the NFT. Anyone can pay the acquisition price generated by the liquidity pool to obtain a randomly selected NFT.The pool has accumulated over 1,500 NFTs including CryptoPunks, with randomness provided by Chainlink VRF. The token emission incentives expire 15 days after launch, and daily fees have decreased by about half from their peak. Collector Crypt on Solana remains the leader in this sector, with users spending over $209 million on its card packs in June alone.

Forma announced on the X platform that after careful consideration, it has decided to shut down Forma Chain due to the unsustainability of operating the chain.As a transitional solution, Modularium and Forma NFT will migrate to Ethereum L1 to ensure the permanent existence of artworks and the marketplace. After the migration, NFTs will still be accessible and can be traded on OpenSea or other Ethereum marketplaces, with Modularium continuing to serve as the display platform for these collectibles.The team strongly recommends that users withdraw funds via the Forma bridge. Any funds not withdrawn in a timely manner will be manually migrated to an EVM-compatible chain to be announced later.The team emphasizes that user funds and NFTs are safe, and a specific timeline and migration steps will be announced subsequently.

According to on-chain analysis platform Lookonchain (@lookonchain), "Machibigbrother" (@machibigbrother) has once again faced liquidation. To raise funds to maintain an ETH long position, he sold Bored Ape #6801 for 8.61 ETH two hours ago, while the purchase price of the NFT three years ago was 23.5 ETH. This sale resulted in a loss of approximately 14.89 ETH (about $28,000).

Brand operation company Unserious announced the acquisition of the NFT project Creepz, with support from Adam Weitsman. The founding team of Creepz will continue to provide assistance during the transition period. The Unserious team previously led the strategic planning for significant token launches in the crypto space, including ApeCoin.After this acquisition, artist @psychrome will return to serve as the head of IP development and creative direction, with commercial collaboration experience covering Nike, Salomon, Sneaker Con, Staple, Disney, Warner Bros., and Rovio. The specific amount of the transaction has not been disclosed.

According to official news, the Solana ecosystem 3D clay dinosaur NFT project Claynosaurz has recently launched an animated short film on the mainstream streaming platform Amazon Prime Video.Its floor price surged to 24 SOL today, currently reported at 23.25 SOL, with a 24-hour increase of 43.59%.

According to SoSoValue data, the cryptocurrency market sectors showed mixed results, with the NFT sector rising 4.50% in 24 hours, among which, Audiera (BEAT) rose 15.29%; the AI sector rose 0.84%, and Billions Network (BILL) rose 24.00%.Other notable sectors include: the CeFi sector rose 0.19%, with Cronos (CRO) rising 0.48%; the Layer1 sector rose 0.03%, with Zcash (ZEC) rising 4.02%; the DeFi sector rose 0.42%, among which DeXe (DEXE) rose 26.88%.In other sectors, the PayFi sector fell 0.59%, but eCash (XEC) rose 10.64%; the Meme sector fell 0.61%, while Pump.fun (PUMP) rose 6.57% against the trend; the Layer2 sector fell 0.94%, with Stacks (STX) falling 4.54%; the SocialFi sector fell 1.98%, with Chiliz (CHZ) falling 2.91%.The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiCeFi, and ssiLayer1 indices rose 1.52%, 0.57%, and 0.54% respectively.

According to SoSoValue data, the overall cryptocurrency market is on an upward trend, with the NFT sector leading the way with a 24-hour increase of 7.57%. Within this sector, Audiera (BEAT) rose by 14.91%, and Pudgy Penguins (PENGU) increased by 4.18%. Meanwhile, Bitcoin (BTC) rose by 2.4%, breaking through $61,000; Ethereum (ETH) increased by 5.89%, surpassing $1,700. Notably, MAG7.ssi rose by 3.81%, DEFI.ssi increased by 6%, and MEME.ssi rose by 2.93%.In other sectors, the Meme sector increased by 5.11% in 24 hours, with MemeCore (M) rising by 31.41%; the DeFi sector rose by 4.87%, with LAB (LAB) increasing by 30.99%; the PayFi sector increased by 3.41%, with Ultima (ULTIMA) rising by 12.49%; the Layer1 sector rose by 2.84%, with Cardano (ADA) increasing by 7.04%; the CeFi sector rose by 1.71%, with Bitget Token (BGB) increasing by 4.58%; the Layer2 sector rose by 0.78%, with zkSync (ZK) increasing by 6.42%. The cryptocurrency sector indices reflecting historical market trends show that the ssiRWA, ssiAI, and ssiDeFi indices rose by 7.15%, 6.81%, and 5.84%, respectively.

According to monitoring by Lookonchain, Huang Licheng (@machibigbrother) has once again sold 3 Bored Ape NFTs, obtaining 27.42 ETH (44,000 USD), incurring a loss of 25 ETH (40,000 USD), to raise funds to increase his ETH long position.He currently holds a long position of 2,600 ETH (4.2 million USD), with a liquidation price of 1,596.69 USD.