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<ul class="summary-list"><li>Donald Trump NFTs are surging on reports that the former president may be indicted.</li><li>The total number of NFT sales spiked by double-digit percentages since the news. </li></ul>Since reports emerged of Donald Trump's possible indictment, prices for the former president's non-fungible token collection have surged. The floor price for the NFTs has jumped 26% in the past week, according to data from <a href="https://opensea.io/collection/trump-digital-trading-cards/analytics" target="_blank" rel="noopener">OpenSea</a>, with the total number of sales increasing by double-digit percentages since the news of Trump's potentially imminent arrest.The Trump Digital Trading Cards are selling for over 0.53 ether, or $929, rising from 0.41 ether, or $719, last Thursday. The collection was announced in late December, with all 45,000 of the cards selling out shortly after launch.The cards, which sold for $99 each, show Trump's face photoshopped into a series of macho cartoons. The collection is described as "incredible, hand-drawn art, inspired by President Trump's extraordinary life &amp; career," according to the project's <a href="https://opensea.io/collection/trump-digital-trading-cards/analytics" target="_blank" rel="noopener">listing.</a> On one NFT, the former POTUS is depicted in a suit, wearing an American flag cowboy hat and red boxing gloves, surrounded by gold bars with "TRUMP" engraved on each.NFT buyers were also entered in a sweepstakes to <a href="https://www.businessinsider.com/trump-nft-win-mar-a-lago-meeting-pay-travel-lodging-2022-12" target="_blank" rel="noopener">win a 20-minute meeting with him at Mar-a-Lago.</a> However, winners must cover their own travels expenses such as lodging and airfare.The price pump follows <a href="https://www.nytimes.com/article/donald-trump-indictment-arrest.html" target="_blank" rel="noopener">reports</a> that Trump is facing a Manhattan district attorney probe into whether he illegally paid off adult actress Stormy Daniels during the final days of his 2016 presidential campaign in exchange for silence over an alleged affair. The specific criminal charges prosecutors could seek, however, are still unknown.

Donald Trump NFT prices climb on reports of the former US president's looming arrest

<ul class="summary-list"><li>Crypto investing peaked in November 2021.</li><li>But now crypto is nearly back to those levels. And it's not just bitcoin.</li></ul>It's April 2024. <a target="_blank" href="https://www.businessinsider.com/ftx-crypto-king-sam-bankman-fried-rise-and-fall-2022-11">Sam Bankman-Fried is going to jail for decades</a>. No one wants to hear about your <a target="_blank" href="https://www.vox.com/recode/22907072/web3-crypto-nft-bitcoin-metaverse">Web3 startup</a> or your <a target="_blank" href="https://markets.businessinsider.com/news/currencies/nft-market-crypto-digital-assets-investors-messari-mainnet-currency-tokens-2023-9">NFT collection</a>. <a target="_blank" href="https://www.businessinsider.com/miami-florida-stock-market-crash-crypto-bubble-parties-real-estate-2023-3">Miami is over it</a>.And crypto is as hot as ever.How's that?Let me be more specific: There's not a ton of visible interest in people <a target="_blank" href="https://affiliate.insider.com?amazonTrackingID=biauto-63653-20&amp;h=ea7ddfb39a14c27f808dbe2cdfed8b4f33c26be541e53f5f223e19ffbb3d86e9&amp;postID=660f120bbecb1828f9a6fb1c&amp;postSlug=crypto-market-cap-bubble-peak-bitcoin-ethereum-solana-2024-4&amp;site=bi&amp;u=https%3A%2F%2Fwww.amazon.com%2FRead-Write-Own-Building-Internet%2Fdp%2F0593731387">pitching cryptocurrency as the building block for technologies that will reorder the world</a>. But there's a ton of visible interest in buying cryptocurrencies.As of this week, the value of the global crypto market is nearly $2.5 trillion, per <a target="_blank" href="https://coinmarketcap.com/charts/">CoinMarketCap</a>. That's approaching its peak of $2.7 trillion, which it hit back in November 2021, a year before the <a target="_blank" href="https://www.businessinsider.com/sam-bankman-fried-ftx-collapse-improvising-cryptic-tweets-crypto-finance-2022-11">collapse of FTX</a>.In between those two peaks, the crypto market imploded, dropping down to about $850 billion.And to be clear: This isn't just about <a target="_blank" href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-explained-cryptocurrency-record-high-interest-rates-fed-2024-3?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=campaign_Insider%20Today,%20March%205,%202024">bitcoin, which has had a well-publicized resurgence</a>. Ethereum's market cap is getting close to its precrash high. Investors have poured a record amount of money into solana and tether. (Though dogecoin, Elon Musk's favorite meme coin, is still well below the peak it hit in the spring of 2021, when <a target="_blank" href="https://www.cnn.com/2021/05/09/investing/dogecoin-elon-musk-snl/index.html">Musk went on "Saturday Night Live" and called it a "hustle,"</a> and I bought 15 shares. I'm still down 72%.)So, why?You can read <a target="_blank" href="https://www.cnn.com/2021/05/09/investing/dogecoin-elon-musk-snl/index.html">various</a> <a target="_blank" href="https://www.forbes.com/advisor/investing/cryptocurrency/why-is-bitcoin-going-up/">rationales</a> about the renewed interest in crypto — sometimes they are about institutions getting into the coins via exchange-traded funds, sometimes they are about what regulators like the SEC boss Gary Gensler will or won't do about crypto. I'm sure there are people out there who, with a straight face, will tell you that technical analysis can explain all of this.But to me, this says two things: People are always ready to invest in something today because it went up yesterday — until it doesn't. And maybe you should go check your Robinhood app and take another look at those coins you bought a couple of years ago.

To the moon! Suddenly the crypto market is back to its bubble-era peak.

<ul class="summary-list"><li>Entrepreneur Nick O'Neill has gone viral via a series of X posts boasting about his crypto-generated wealth.</li><li>The posts are mostly jokes — O'Neill really is a crypto bro, but he's also making fun of crypto bros and hustle culture in general.</li></ul>Like a lot of people, Nick O'Neill got the crypto bug during the pandemic. Unlike a lot of other people, he's still got it: O'Neill runs <a target="_blank" href="https://www.thenifty.com/">The Nifty</a>, which is partially an NFT-related content company, and partially a company that mints and trades NFTs.Up until last week, you had probably never heard of O'Neill or his company. But then he stumbled into a bit of viral fame: A <a target="_blank" href="https://twitter.com/allnick/status/1765816673649488013?s=10&amp;t=xhuXMba3HM4poWm9CQq-PA">joke post he made boasting about his crypto prowess</a> took off, fueled in part by people who didn't realize he was joking.So O'Neill made another post <a target="_blank" href="https://twitter.com/allnick/status/1765839612612874710?s=46&amp;t=xhuXMba3HM4poWm9CQq-PA">responding to the people responding to the first one</a>, and then the people who make "Community Notes" on Twitter started <a target="_blank" href="https://twitter.com/allnick/status/1767566317400228257?s=46&amp;t=xhuXMba3HM4poWm9CQq-PA">fact-checking his not-very-serious claims</a>, and he responded to those.Now the whole thing has been going for several days. "Choose rich" is O'Neill's catchphrase, which is mostly a joke, but also very similar to things people used to say on crypto Twitter, for real.My hunch is that O'Neill's window is probably closing soon. Crypto culture starts out pretty close to a caricature. There's not a lot of room to extend it.But even if that's the case, O'Neill won't complain. He says the publicity he's generated has translated into more than $100,000 in new sponsorship deals and NFT sales in the last couple days. (That claim, he says, is for real. But I haven't verified it myself.)I first met O'Neill way back in 2007, when he had founded <a target="_blank" href="https://www.nickoneill.com/allfacebookcom-launches/">AllFacebook</a>, a blog dedicated to the startup trying to dislodge MySpace as the top social network. At the time, I was working at Silicon Alley Insider, which would eventually become the website you're reading right now.We caught up on the phone this week; the following is an edited excerpt of our chat:Peter Kafka: How did this start? Were you hoping to go viral?Nick O'Neill: My team flew down to Miami to do an offsite. One day we decided to rent a boat, have the team together and have a couple of drinks. There were people who had sort of been posting a "this is who you're trading against" meme. And I decided to do something similar, but <a target="_blank" href="https://twitter.com/allnick/status/1765816673649488013?s=10&amp;t=xhuXMba3HM4poWm9CQq-PA">post a picture of us</a>. And as that started to take off, we spontaneously decided to make a <a target="_blank" href="https://twitter.com/allnick/status/1765839612612874710?s=46&amp;t=xhuXMba3HM4poWm9CQq-PA">video</a> —Peter Kafka: Wait. When you posted that first picture — that's supposed to be funny, right?Nick O'Neill: Yes. I can't say it was designed to incite as many people as it did, and it got a flood of deep hate. I thought, "Well, this is probably a good sign."Peter Kafka: But NFTs are a serious thing that you believe in. That's not a joke.Nick O'Neill: It's not a joke. It's a legitimate business that we're actively growing.Peter Kafka: But you acting like a Web 3/NFT/hustler bro is a joke?Nick O'Neill: It is a character, amongst many characters that I do for video content. We did one where <a target="_blank" href="https://twitter.com/allnick/status/1742608739713102275">I dressed up as a solider and walked through Washington Square Park as the "Sergeant of Solana,"</a> where I ask people whether they wanted a dollar or a <a target="_blank" href="https://coinmarketcap.com/currencies/solana/">Solana</a>, and literally no one wanted a Solana, despite it being worth at that time $100.Peter Kafka: But you're not satirizing NFTs and the blockchain and Web3. You're a believer. In 2024.Nick O'Neill: We do believe in it. The thing that we're satirizing are people like the <a target="_blank" href="https://en.wikipedia.org/wiki/Dan_Bilzerian">Dan Bilzerians</a> of the world that have the personality of "I'm rich. You're not. And that makes me better than you." And people genuinely hate that.But there's also people that really hate crypto people for whatever reason. Maybe because they think it's a scam. Or they lost money. We've all lost money at some point. If you're involved in crypto, you've had your money stolen at some point.I can't speak for each person, why they're so emotionally triggered by it. But there are a lot of people that seem to be so.Peter Kafka: You make this thing that is a little sincere but is mostly a joke, and it triggers people who don't think it's a joke. And your response is, "Let's make more of it?"Nick O'Neill: 100%. I just posted a video of us in a <a target="_blank" href="https://twitter.com/allnick/status/1767613441252925491">helicopter</a> —which, of course, I own because I own multiple helicopters, obviously — and we lean into the character.Peter Kafka: The Community Notes on Twitter, fact-checking your wealth, are cracking me up. Do you think people who are writing the community notes get the joke? Or are they the most serious?<div type="image" title="X Community Notes users respond to Nick O'Neill's satirical character" height="1051" width="642" msid="108474388" hostid="261" sizebytes="49652"></div>Nick O'Neill: Initially, I thought they were serious. But I increasingly believe that there are people in the crypto community who just enjoy it and want to contribute to it.When those notes started happening, it just increased the virality. "Oh, this guy thinks he's pulling the wool over people's eyes. But we see the truth."So there's two insider jokes happening in parallel. There's the people who think they can see through it and realize that I'm just a sham. And then there's other people who get that it's satire.Peter Kafka: I couldn't tell if you were satirizing crypto, or crypto culture, or Twitter/X culture. And it seems like a mix of all of the above. But, again — you're also a believer.Nick O'Neill: 100%. Literally, 90% of my net worth is in crypto.Peter Kafka: You were just on <a target="_blank" href="https://twitter.com/barstoolsports/status/1767546987761537144?s=10&amp;t=xhuXMba3HM4poWm9CQq-PA">Dave Portnoy's show</a>, in character. How far can this go?Nick O'Neill: Well our job is running an entertainment business. I wish I could predict how far it goes. I have no idea.It's an opportunity to extend the reach of my personal brand, as well as the overall company. So we're going to do as much as we can to get effectively near-free promotion.

This guy is serious about crypto, but his joke character has gone viral

<ul class="summary-list"><li>In an exclusive interview with Insider, the <keyword id="12492081" type="UNKNOWN" weightage="60" keywordseo="founder" source="Orion">founder</keyword> of <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword>.NYC broke down his vision for the event and digital assets. </li><li>After launching in 2019, it now features more than 1,500 speakers across venues in <keyword id="11953759" type="UNKNOWN" weightage="60" keywordseo="times-square" source="Orion">Times Square</keyword> in <keyword id="11892836" type="UNKNOWN" weightage="60" keywordseo="new-york" source="Orion">New York</keyword> City.</li></ul>The world's largest NFT event, <a href="https://www.nft.nyc/">NFT.NYC</a>, kicks off for the fourth straight year on Tuesday, and founder Jodee Rich remains upbeat even as the digital asset market has tumbled recently. NFTs had a breakthrough year in 2021, but weekly sales have declined by more than 80% from a January peak of nearly $1 billion, according to <a href="https://nonfungible.com/market/history">data from NonFungible.com</a>. Still, <keyword id="14252813" type="UNKNOWN" weightage="60" keywordseo="nft-nyc" source="Orion">NFT.NYC</keyword> has tripled in size over the last year, Rich said. Across seven official venues in Times Square and countless more so-called satellite venues scattered around New York City, over 1,500 speakers and 15,000 attendees will converge over four days to cover all things non-fungible tokens. Virtual artwork made by NFT artists will even be featured during the week on the massive billboards in Times Square. Attendees previously have referred to it as "<keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">Crypto</keyword> Coachella," though Rich, who is also the CEO of the NFT marketplace <a href="https://www.nft.kred/">NFT.Kred</a>, says this will be much more than just a week of partying, and that it's focused only on non-fungible tokens. "We started NFT.NYC because we wanted to give the community a voice," Rich told Insider. "We want to put as many people on stage as possible, bringing thought leaders together and, wherever we can, incorporate NFT technology into the events."Instead of Coachella, he likens his event to a more eclectic one: "This could be the South by Southwest of <keyword id="11956948" type="UNKNOWN" weightage="60" keywordseo="nyc" source="Orion">NYC</keyword>."The theme of this year's gathering, "Diversity of NFTs," is reflected in the programming. The wide-ranging lineup of <a href="https://www.nft.nyc/program">panels</a> will cover how NFTs relate to sustainability, Hollywood, Olympic sports, hospitality, and metaverse apparel. NFTs are not solely about digital images that people use as profile pictures on social media, Rich noted. That's actually one of their least useful utilities, he said, and a misconception. "An NFT artist would disagree that it's just about JPEGs," Rich said. "NFTs are liberating because they can disrupt the chain between the artist and the buyer of art, but it also allows for such a dynamic space, intelligence, metadata — across many different platforms."<h2>Looking ahead for the blockchain</h2>Even amid the current crypto bear market, as well as the downturn in NFT sales across marketplaces such as OpenSea, Rich said he ultimately remains optimistic. The success or decline of cryptocurrencies, for starters, isn't necessary to the success of NFTs, and the blockchain technology underpinning NFTs is what shows the most promise to Rich. He explained that tradeable NFTs, like those on OpenSea, represent less than one-third of the total NFT market, and are entirely separate from the rest of the technology at hand. "There's so much other opportunity in ticketing, branding, fashion," Rich maintained. "[Tradeable NFTs] are a very, very small part of our overall event and ecosystem."As the fourth year of the event begins, Rich said he's seeing more and more brands turn to the technology of NFTs. Major corporations, he explained, are now hiring teams of people to develop blockchain technology and focus on the space as it becomes more mainstream. Rich pointed out that entertainment giant LiveNation has mentioned NFTs in two recent company earnings calls."NFTs are really going to disrupt most industries," he said. "Identity, ticketing, brands, music, fashion, real estate, and more — we are still very early stage, and this is the beginning of a long-term trend."

The founder of the Coachella of NFTs breaks down why he launched the world's largest NFT event — and why he isn't sweating the digital asset downturn

<ul><li>Businesses in 100 countries will now be able to share their NFTs on Meta-owned <keyword id="819905" type="General" weightage="100" keywordseo="instagram" source="Orion">Instagram</keyword>. </li><li><keyword id="399907" type="General" weightage="80" keywordseo="meta" source="Orion">Meta</keyword> announced integration of crypto wallets like Coinbase and Dapper wallet alongside <keyword id="54763" type="General" weightage="50" keywordseo="flow" source="Orion">Flow</keyword> blockchain. </li><li>The <keyword id="4668945" type="General" weightage="80" keywordseo="nft" source="Orion">NFT</keyword> sharing on Meta was initially only available to select creators in the USA. </li></ul>Meta CEO <keyword id="6354630" type="General" weightage="50" keywordseo="mark-zuckerberg" source="Orion">Mark Zuckerberg</keyword> said that the company is beginning the international expansion of non-fungible tokens (NFT) support on its photo and video-sharing platform Instagram. The expansion follows the social network's initial NFT test launch in May 2022. With this expansion, users and businesses in more than 100 countries in <keyword id="12925" type="General" weightage="50" keywordseo="africa" source="Orion">Africa</keyword>, Asia-Pacific, the <keyword id="30350" type="General" weightage="50" keywordseo="middle-east" source="Orion">Middle East</keyword> and the <keyword id="386685" type="General" weightage="50" keywordseo="americas" source="Orion">Americas</keyword> will now be able to share their NFTs on Instagram. Instagram's NFT functionality allows users to connect a digital wallet, share NFTs and automatically tag a creator and collector for attribution. Prior to the expansion, the support was only available to select creators in the US, reports TechCrunch. The company also announced the integration of crypto wallets named <keyword id="14642198" type="General" weightage="20" keywordseo="coinbase-wallet-and-dapper-wallet" source="Orion">Coinbase Wallet and Dapper Wallet</keyword>, which are now accepted as third-party wallets compatible for use. Instagram is also expanding its supported blockchains to include Flow. Users can share NFTs in their main Instagram feed, stories or messages. Once they post a digital collectible, it will have a shimmer effect and can display public information, such as a description of the NFT. In order to post a digital collectible on Instagram, users need to connect their digital wallet to Instagram. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/rbi-hikes-repo-rate-by-50-basis-point-to-5-4-as-inflation-is-still-uncomfortable/articleshow/93362291.cms">RBI hikes repo rate by 50 basis point to 5.4% as inflation is still ‘uncomfortable’</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/binance-co-founder-yi-he-to-head-its-7-5-billion-vc-arm/articleshow/93343198.cms">Binance co-founder Yi He to head its $7.5 billion VC arm</a>

Meta rolls out NFT support on Instagram to 100 countries

<ul class="summary-list"><li>Ricky da Luz, 18, has sold over $700,000 in NFT toys, including Bored Ape replicas.</li><li>He broke down how he saved money mowing lawns last year before cold-messaging Twitter users to offer them free toys.</li></ul>Even during a <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> bear market when non-fungible token sales are down, the price of one <keyword id="13098105" type="UNKNOWN" weightage="60" keywordseo="bored-ape-yacht-club" source="Orion">Bored Ape Yacht Club</keyword> NFT still remains above six figures while Bored Ape holders party at <a href="https://apefest.com/">Ape Fest</a> and <keyword id="14252813" type="UNKNOWN" weightage="60" keywordseo="nft-nyc" source="Orion">NFT.NYC</keyword> this week. But for all the hype around the digital assets, 18-year-old Ricky da Luz discovered how to tap into the space with physical items. A passionate toy designer, he began messaging Bored Ape NFT holders on Twitter, offering to make them toy replicas of their Apes for free. Before launching <a href="https://ismtoys.ca/">IsmToys</a>, he saved about $10,000 mowing lawns and used that capital to make the initial free toys to give to people in the Bored Ape community, da Luz told Insider at the NFT.NYC conference Thursday. His first Bored Ape toy was commissioned in January for about $400. Fast forward today, and he is the founder of IsmToys, which he runs with his dad, Tony da Luz, and a team of six staff."We're tripling down on helping Web2 companies enter the Web3 space, while also converting their audience into Web3 people," the younger da Luz said. "We link the toys to actual NFTs and the digital assets act as authenticators for the toys."He said his company so far has cleared over $700,000 in toy revenue, which comes from a combination of commissioned, one-of-a-kind creations that sell for an average of $700 (though some can be as much as $2,400) and various other toys that can range from $50 to $200. Da Luz said 99% of IsmToys' transactions are done in ethereum. Transaction receipts were reviewed by Insider on Etherscan. Since January, IsmToys has received commissions for more than 300 one-of-a-kind toys, but the NFT.NYC conference has bolstered prospects. For the next month alone, they have over 200 orders on deck. IsmToys also mints NFTs that then act as an authenticator for people to receive the coinciding physical toy. IsmToys minted a series of 888 "Golemz," and it brought in $300,000 in 96 seconds, da Luz said.And last month, the company minted 400 Bored Ape chess sets and accompanying NFTs — priced at $400 each — and they sold out in less than 24 hours.<div type="image" title="Bored Ape Chess Set IsmToys" height="2016" width="4032" msid="92421500" hostid="261" sizebytes="547958"></div><h2>Leaning into <keyword id="13074295" type="UNKNOWN" weightage="60" keywordseo="bored-apes" source="Orion">Bored Apes</keyword> </h2>Last year, he had reached out to 100 users on Twitter who had Bored Ape NFTs as their profile pictures, and about five replied. One Bored Ape holder, <a href="https://twitter.com/phibacka31?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">@phibacka31</a>, accepted da Luz's free toy, and then showed it to other holders and spread the word. "Without the Bored Ape community, IsmToys wouldn't exist," da Luz said.In the traditional internet space, if you were to offer a toy to a celebrity, it wouldn't even get noticed. But in Web3, more users are likely to take a chance on something, he said. Within the Bored Ape community in particular, da Luz added, members have an extremely strong bond with the brand, so that's why he reached out to them first. And some go by their internet names, saying they identify more with their web names than birth names."I've kinda identified myself as my Bored Ape now," a Bored Ape NFT holder who goes by <a href="https://twitter.com/dejen_art">@dejen_art</a> online told Insider at the NFT.NYC conference. "Ricky's toys really bring the digital world into the physical world, and seeing that art come to life is just incredible."<div type="image" title="Bored Ape Yacht Club NFT holders at NFT.NYC" height="2613" width="3484" msid="92421502" hostid="261" sizebytes="478792"></div>Her husband, who goes by <a href="https://twitter.com/nftgerry?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">@nftgerry</a>, agreed and said he wasn't surprised that the online community embraced da Luz and his toys."Anytime someone's emotionally attached to something, even just a photo of something, you want to see it and celebrate it all the time," he told Insider. "I'm emotionally attached to my Ape, so having toys of my Ape is reinforcing my emotional attachment to my digital persona."The custom toys are something that people can relate to since the physical world is still what people know best, da Luz said. "A lot of people think the metaverse is cool, but ultimately we're still in the physical world, and we have physical things," he said. "So having something you can touch, a physical representation of your identity is huge."

This 18-year-old just raked in $700,000 of revenue selling Bored Ape toys — and NFT holders say the physical replicas reinforce their attachment to digital identities.

<ul class="summary-list"><li>In an exclusive interview with Insider at <keyword id="14252813" type="UNKNOWN" weightage="60" keywordseo="nft-nyc" source="Orion">NFT.NYC</keyword>, The Sandbox's US CEO shared his vision for the metaverse platform. </li><li>Mathieu Nouzareth said users still flock to The Sandbox because it's not just a socializing space, but an engaging video game.</li></ul>In an interview at the NFT.NYC conference Monday — a few days after bitcoin dipped below $20,000 — The Sandbox's US CEO explained his vision for the platform and why the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> downturn hasn't dragged on the number of people visiting the metaverse. "The Sandbox hasn't really been impacted, and the reason I think is because we're a game, and games are less impacted by a macroeconomic environment," Mathieu Nouzareth told Insider. "People come because it's really a ton of fun, anyone can enjoy it."<a href="https://www.sandbox.game/en/">The Sandbox</a> is a blockchain-based metaverse platform and video game, as well as a subsidiary of top Web3 venture capital firm Animoca Brands. The company made headlines last year as it notched over <a href="https://www.forbes.com/sites/ronshevlin/2022/02/04/digital-land-grab-metaverse-real-estate-prices-rose-700-in-2021/?sh=4214e9db7cdc">$350 million</a> in virtual land sales — <a href="https://markets.businessinsider.com/news/currencies/metaverse-virtual-land-sales-record-last-week-sandbox-decentraland-2021-12?utm_medium=ingest&amp;utm_source=markets">with one plot even selling for $4.3 million</a>. Nouzareth, a 27-year entrepreneur veteran, acknowledged that the crypto sell-off has been painful for many investors, though he isn't too concerned because it's not the first bear market he's witnessed. "I've seen five of these [downturns]. But if you keep your head down and focus on building, in two, three years, we will see some massive, amazing companies that will emerge after this," Nouzareth said.He noted that the company's total user base has not decreased during the <keyword id="13223599" type="UNKNOWN" weightage="60" keywordseo="crypto-bear-market" source="Orion">crypto bear market</keyword>. Instead, the right type of users still flock to The Sandbox, he added, because they aren't the ones interested in a get-rich-quick scheme. A bear market encourages longer-term thinking and community-building, which is good when a company is aiming to build a platform that can outlast cycles in the market, Nouzareth explained.<h2>A digital 'TIME Square'</h2>The Sandbox is here to complement the existing world, rather than suck in users so convincingly that they don't want to spend time in reality, he added. On Monday, the company announced a collaboration that involves one of the real world's most iconic spaces. The Sandbox is partnering with <a href="https://time.com/collection/timepieces-nft/">TIME</a> to feature <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword> in a digital "<a href="https://twitter.com/TheSandboxGame/status/1538978822342819842?s=20&amp;t=B5m3gXsn1KtL7tGAsdXurA">TIME Square</a>" with the goal of drawing more users to the digital art and commerce scene. <div type="image" title="Sandbox Metaverse at NFT.NYC" height="2716" width="3622" msid="92365337" hostid="261" sizebytes="744394"></div>The Sandbox aims to mix a sense of culture with its gaming roots — which is why it's partnered with household names from across sectors, like Snoop Dogg, Adidas, "The Walking Dead," and the South China Morning Post."It isn't like 'Ready Player One,' a dystopian nightmare," Nouzareth said. "We want to be the Manhattan of the metaverse, a concentration of exciting brands and artists — but our vision isn't to replace reality."Nouzareth highlighted that The Sandbox has an advantage over competitors like Roblox and Decentraland because it's more than just a socializing venue."I think we're more successful than others because we see gaming as really the way to attract players into Web3, rather than just being a space to be social," Nouzareth said.

The Sandbox's US CEO explains his vision for the metaverse platform and why people are still flocking to web3 during the crypto winter

<ul><li>A former <keyword id="12012796" type="UNKNOWN" weightage="60" keywordseo="opensea" source="Orion">OpenSea</keyword> employee was charged with <keyword id="6368158" type="UNKNOWN" weightage="60" keywordseo="trading" source="Orion">trading</keyword> <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword> based on insider information by the Department of Justice.</li><li>The first-ever <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> <keyword id="11938290" type="UNKNOWN" weightage="60" keywordseo="insider-trading" source="Orion">insider trading</keyword> case was brought against Nathaniel Chastain, according to the complaint. </li><li>"NFTs might be new, but this type of criminal scheme is not," U.S. Attorney Damian Williams said.</li></ul>The Department of Justice has charged a former OpenSea employee in the first ever NFT insider trading case on Wednesday.Nathaniel Chastain allegedly bought dozens of NFTs in advance of them being featured on OpenSea's homepage, <a href="https://www.justice.gov/usao-sdny/pr/former-employee-nft-marketplace-charged-first-ever-digital-asset-insider-trading-scheme">the DOJ said.</a> An NFT feature on OpenSea's website, which is the largest trading platform for the digital art collections, often benefits from an immediate and substantial increase in price, according to the DOJ.The information Chastain used to buy the NFTs in advance of them being featured on OpenSea's website was confidential. Chastain was a former product manager at OpenSea and was responsible for selecting the NFTs to be featured on the website's homepage. OpenSea's practice is to keep its NFT features confidential until they are posted on the homepage.With advanced knowledge of which NFTs would be featured on the website, Chastain allegedly purchased dozens of NFTs based on the confidential information from June 2021 through September 2021. After the NFTs were featured, Chastain sold them at profits of two to three times his initial purchase price.In an attempt to cover his tracks, Chastain purchased the NFTs using anonymous cryptocurrency wallets and anonymous accounts on OpenSea. But Twitter sleuths <a href="https://markets.businessinsider.com/news/currencies/opensea-mark-cuban-backed-nft-crypto-platform-insider-trading-2021-9">were able to identify Chastain as the rightful owner</a> of the anonymous accounts in September, and OpenSea said in a statement that it was aware of the insider trading. The NFT marketplace has since implemented new policies to prevent future insider trading among its employees."As the world's leading web3 marketplace for NFTs, trust and integrity are core to everything we do. When we learned of Nate's behavior, we initiated an investigation and ultimately asked him to leave the company. His behavior was in violation of our employee policies and in direct conflict with our core values and principles," an OpenSea spokesperson said. Chastain was arrested Wednesday morning and is being charged with wire fraud and money laundering, each of which carries a sentence of up to 20 years in prison. "NFTs might be new, but this type of criminal scheme is not... Today's charges demonstrate the commitment of this office to stamping out insider trading – whether it occurs on the stock market or the blockchain," US attorney Damian Williams said.

The first-ever NFT insider trading charge has been brought by the Justice Department against a former OpenSea employee

<ul class="summary-list"><li>The creator of <keyword id="13098105" type="UNKNOWN" weightage="60" keywordseo="bored-ape-yacht-club" source="Orion">Bored Ape Yacht Club</keyword> is about to sell $300 million in <keyword id="11121339" type="UNKNOWN" weightage="60" keywordseo="metaverse" source="Orion">metaverse</keyword> land for its game "Otherside."</li><li><keyword id="13767101" type="UNKNOWN" weightage="60" keywordseo="yuga-labs" source="Orion">Yuga Labs</keyword> will issue digital "deeds" for up to 55,000 plots of metaverse property.</li></ul>The Bored Ape Yacht Club's creator will start selling more than $300 million worth of metaverse land plots on Saturday.Yuga Labs plans to sell digital non-fungible token "deeds" to virtual real estate in its new game "Otherside." Each deed costs 305 ApeCoins, or about $6,000. The <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword>'s give buyers access to a supply of up to 55,000 plots of metaverse landscape.The Yuga Labs and its partner Animoca Brands stand to make $335 million, which would make it the biggest NFT launch ever, the <a href="https://www.ft.com/content/f34c15c1-8bd4-481f-82a4-15428c185f13">Financial Times said</a>.The digital land was originally intended to be sold at a Dutch auction, but Yuga Labs said on <a href="https://twitter.com/OthersideMeta/status/1519853273855021056?ref_src=twsrc%5Etfw">Twitter</a> on Thursday that the company would move toward a flat-fee payscale for the NFT's.Anticipation for Yuga Labs' metaverse sale also lifted <keyword id="13679280" type="UNKNOWN" weightage="60" keywordseo="apecoin" source="Orion">ApeCoin</keyword>, the native digital currency of the APE ecosystem, as much as 50% in the past week.The sale also could gauge how resilient investor interest is in the metaverse, a full-scale three dimensional virtual world that's considered part of the internet's next iteration, or Web3. In November, Metaverse Group made a <a href="https://markets.businessinsider.com/news/currencies/metaverse-property-decentraland-sale-price-mana-coin-cryptocurrency-2021-11?utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">$2.43 million purchase</a> in Decentraland. A week later, video game publisher Atari made a <a href="https://markets.businessinsider.com/news/currencies/metaverse-property-sandbox-virtual-real-estate-deal-record-4-million-2021-11?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">$4.3 million purchase</a> of land in the SandBox metaverse. Meanwhile, NFT's have become an extremely lucrative asset class and range anywhere from <a href="https://www.theverge.com/2021/3/11/22325054/beeple-christies-nft-sale-cost-everydays-69-million">$100 to millions of dollars. </a>The craze has pushed total NFT sales volume to $25 billion over the past year as artists, investors, and entrepreneurs descend upon the nascent Web3 space.But digital assets have slumped since the start of the year amid a hawkish Federal Reserve and Russia's war on Ukraine.Weekly NFT sales have been more than cut in half from its early January peak of nearly $1 billion, according to <a href="https://nonfungible.com/market/history">data from NonFungible.com.</a> But the past week has seen weekly NFT sales jump 85% to $456 million <a href="https://markets.businessinsider.com/news/currencies/bored-ape-yacht-club-weekly-nft-sales-crypto-cool-cats-2022-4?utm_medium=ingest&amp;utm_source=markets">from $246 million in the prior week.</a>

Bored Ape Yacht Club creator Yuga Labs is about to sell $300 million in metaverse real estate, potentially marking the largest NFT launch to date

<ul><li><keyword id="1905050" type="General" weightage="100" keywordseo="solana" source="Orion">Solana</keyword> is a high-performance blockchain assisting builders globally to create crypto apps that scale. </li><li>The crypto wallets on <keyword id="14642640" type="General" weightage="20" keywordseo="solana-phantom" source="Orion">Solana- Phantom</keyword>, Software and Trust Wallet were compromised in a security breach on Thursday. </li><li><keyword id="14640012" type="General" weightage="50" keywordseo="slope-finance" source="Orion">Slope Finance</keyword> admitted that a cohort of <keyword id="4153837" type="General" weightage="80" keywordseo="slope" source="Orion">Slope</keyword> wallets were affected in the breach. </li></ul>The multi-million Solana crypto hack, that drained more than 8,000 wallets worth around $8 million, has been linked to accounts tied with the Slope mobile wallet app. Slope Finance said in a statement that a cohort of Slope wallets were compromised in the breach, advising users to create "a new and unique seed phrase wallet, and transfer all assets to this new wallet." "We have some hypotheses as to the nature of the breach, but nothing is yet firm. We feel the community's pain, and we were not immune. Many of our own staff and founders' wallets were drained," the company said late on Thursday. Solana is a high-performance blockchain supporting builders around the world creating crypto apps that scale. Solana said that after an investigation by developers, ecosystem teams, and security auditors, "it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications". This exploit was isolated to one wallet on Solana, and hardware wallets used by Slope remain secure. "While the details of exactly how this occurred are still under investigation, private key information was inadvertently transmitted to an application monitoring service," Solana said in a tweet. There is no evidence the Solana protocol or its cryptography was compromised, it added. The attack affected "hot" wallets which are always connected to the internet, allowing people to store and send tokens easily. The attack also compromised other wallets including <keyword id="46483" type="General" weightage="50" keywordseo="phantom" source="Orion">Phantom</keyword>, <keyword id="14642639" type="General" weightage="50" keywordseo="solflare" source="Orion">Solflare</keyword> and <keyword id="14627644" type="General" weightage="50" keywordseo="trustwallet" source="Orion">TrustWallet</keyword>. Phantom, a Solana-based wallet that hit $1.2 billion in valuation earlier this year, said it's "working closely with other teams to get to the bottom of a reported vulnerability in the Solana ecosystem." "At this time, the team does not believe this is a Phantom-specific issue," the wallet developer said. The attack on Solana came as cryptocurrency service <keyword id="799630" type="General" weightage="50" keywordseo="nomad" source="Orion">Nomad</keyword> suffered a "chaotic" attack, with hackers draining almost $200 million in digital funds from the company within a few hours. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/meta-rolls-out-nft-support-on-instagram-to-100-countries/articleshow/93362860.cms">Meta rolls out NFT support on Instagram to 100 countries</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/ola-electric-may-finally-introduce-its-first-electric-car-on-august-15/articleshow/93362208.cms">Ola Electric may finally introduce its first electric car on August 15</a>

Solana hack that drained $8 million is linked to the Slope mobile wallet

Amid the worldwide gloom around cryptocurrencies, <keyword id="6355684" type="General" weightage="20" keywordseo="blockchain" source="Orion">Blockchain</keyword> domain name provider <keyword id="14571473" type="General" weightage="80" keywordseo="unstoppable-domains" source="Orion">Unstoppable Domains</keyword> on Wednesday announced it has raised $65 million in its Series A funding to become a new unicorn. Founded in 2018, Unstoppable <keyword id="6493216" type="General" weightage="100" keywordseo="domains" source="Orion">Domains</keyword> is leading platform for Web3 with more than 2.5 million registered non-fungible token (<keyword id="4668945" type="General" weightage="50" keywordseo="nft" source="Orion">NFT</keyword>) domains. The platform said it will use the funds to fuel product innovation and grow its partnerships in the Web3 space as it continues to build a platform for user-owned and portable digital identity. The funding round was led by new investor Pantera Capital with participation from Mayfield, <keyword id="14571475" type="General" weightage="50" keywordseo="gaingels" source="Orion">Gaingels</keyword>, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, <keyword id="11052450" type="General" weightage="50" keywordseo="coingecko" source="Orion">CoinGecko</keyword>, and others. "For too long, companies have controlled people's digital identities, and Unstoppable Domains is putting that power back into the hands of people," said <keyword id="7119595" type="General" weightage="50" keywordseo="matthew-gould" source="Orion">Matthew Gould</keyword>, Founder and CEO. "We're thrilled to partner with Pantera and other investors who share our vision of onboarding billions of people onto Web3 through NFT domains that unlock user-owned, private, and portable identities," he said in a statement. The platform offers NFT domains that give people full ownership and control of their digital identity. The company has registered 2.5 million domains, which people can use to log into more than 150 Web3 applications, replace lengthy crypto wallet addresses on more than 80 wallets and exchanges, create decentralized websites, and build their web3 identity. Unstoppable Domains said it has built more than 300 partnerships with leading web3 companies like Polygon, Blockchain.com, <keyword id="13606457" type="General" weightage="50" keywordseo="moonpay" source="Orion">MoonPay</keyword> and more. It generated more than $80 million in sales since its launch. "Unstoppable Domains is rapidly defining a new category of decentralized identity that will change the internet as we know it," said <keyword id="14571474" type="General" weightage="50" keywordseo="paul-veradittakit" source="Orion">Paul Veradittakit</keyword>, Partner at Pantera Capital. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/extreme-weather-events-fuel-gender-based-violence-adding-to-socio-economic-burden-of-climate-change-study/articleshow/93159348.cms">Extreme weather events fuel gender-based violence, adding to socio-economic burden of climate change: Study</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/pes-vcs-pump-in-1-7-billion-into-the-ev-industry-in-2021-says-report/articleshow/93163799.cms">PEs, VCs pump in $1.7 billion into the EV industry in 2021 says report</a>

You Searched For "NFT" and got 11 results

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This 18-year-old just raked in $700,000 of revenue selling Bored Ape toys — and NFT holders say the physical replicas reinforce their attachment to digital identities.

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The Sandbox's US CEO explains his vision for the metaverse platform and why people are still flocking to web3 during the crypto winter

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