Pudgy Penguins’ Luca Netz: NFTs Need to “Shift Away From Ponzinomics”

Luca Netz isn’t afraid to call his shots. Fresh off the headline-grabbing success of the Pudgy Toys launch, which raised more than $500,000 in two days, the Pudgy Penguins CEO has his sights set well beyond simply dominating the Amazon toy charts. “I think when we talk next, I will be the face of NFTs,…

The SEC Is Suing Binance and Coinbase. What’s Next for Crypto?

The U.S. Securities and Exchange Commission (SEC) rocked the crypto landscape this week, further intensifying its regulatory scrutiny on the industry by filing civil lawsuits against two of the world’s largest cryptocurrency exchanges, Binance and Coinbase. Citing a laundry list of accusations ranging from a failure to protect investors to the mismanagement of customer funds, the…

SEC Crackdown: Inside the Tokens the Commission Labeled Securities

On June 5, Web3 was sent into a frenzy when the U.S. Securities and Exchange Commission (SEC) lodged a comprehensive lawsuit against Binance. The lawsuit — which accuses the world’s largest crypto exchange of mismanagement of customer funds, among other things — has remained top of mind for all operating within the blockchain industry. Of course,…

Louis Vuitton Announces $41,000 ‘Treasure Trunks’ NFTs

Two years after its first NFT foray, Luxury fashion house Louis Vuitton is again turning heads in the world of Web3. On June 6, the brand announced a collection of ‘phygital’ Treasure Trunk NFTs that will give owners access to exclusive future products, experiences, and a community of fellow holders. Priced at €39,000 (over $41,000)…

nft now & Factblock to Debut ‘The Gateway: Korea’ at Korea Blockchain Week

The Gateway is officially going global. nft now has joined forces with Factblock to present The Gateway: Korea as part of the highly anticipated Korea Blockchain Week (KBW). This two-day activation, taking place from September 7-8 in Seoul, promises to captivate attendees with an immersive audiovisual gallery showcasing leading digital artists, while also offering compelling…

SEC Sues Coinbase Over Alleged Securities Violations

One day after charging Binance with 13 counts of securities laws violations, the U.S. Securities and Exchange Commission (SEC) has set its sights on Coinbase. On June 6, the SEC announced that it was suing Coinbase for allegedly operating as an unregistered broker of securities, an unregistered exchange, and an unregistered clearing agency. Further, the…

The SEC, Gaming Tokens, and Web3: What Now?

The Securities and Exchange Commission (SEC) has intensified its regulatory scrutiny on Web3 gaming. In a June 5 lawsuit filed against Binance, the world’s largest cryptocurrency exchange, it identified three individual gaming and metaverse tokens that it believes to be securities. Axie Infinity (AXS), The Sandbox Game (SAND), and Decentraland (MANA) were among the tokens named….