A crypto user was able to net roughly $80,000 in less than a day after purchasing a CryptoPunk for less than a penny. According to blockchain records made available through Larva Labs, an unknown user purchased CryptoPunk number 3860 for 99 wei — worth next to nothing — earlier today after the artwork featuring a male character smoking a cigarette had sold for 30 Ether (ETH) on Thursday — roughly $69,369 at the time. The user was then able to resell the figure for 52 ETH, or $136,675 at the time of the sale. According to Float Capital's co-founder, Jonathan …

A collection of NFTs has been inspired by the mantra that “everything is a remix” — and delivers a radical new interpretation of CryptoPunks. Bastard GAN Punks says it stands against the traditional esthetic values of the art world by embracing ugliness and weirdness. Every NFT in this collection is genderless. This was achieved by taking all of the CryptoPunks’ attributes — including their hair and glasses — and using artificial intelligence to create brand-new collectibles. Overall, Bastard GAN Punks tackles a fascinating issue: With machines getting smarter and smarter, it’s becoming harder for humans to determine what is manmade. …

Crypto-finance unicorn Amber Group has partnered with TR Lab to launch a new initiative to help creators access the booming nonfungible token (NFT) market, further highlighting the rapid uptake of digital collectibles in various industries. The CreatorFi initiative was unveiled Wednesday as a new platform to help NFT creators hit the market faster. This includes receiving infrastructure setup support, including minting, custody and platform penetration testing directly from Amber Group. CreatorFi leverages the expertise of Amber Group and TR Lab to provide users with customizable and end-to-end services for their NFT auctions. Related: Blockchain tech is holding NFTs back because …

Years after CryptoKitties were released to the masses, the nonfungible token (NFT) sector is finally going places. Coveted collectibles are selling for millions of dollars in some of the world’s finest auction houses. Top-flight soccer and basketball teams are releasing once-in-a-lifetime moments that fans cherish. Movie studios are starting to issue NFTs as memorabilia too, unlocking new revenue streams when they are needed most. It’s little wonder that NFT-focused companies are attracting eye-watering valuations. Just take a look at Sorare, which is on track to secure a price tag of at least $3.8 billion through its latest funding round. Although …

The NBA’s Chicago Bulls have launched NFTs depicting six championship wins from the 1990s via leading e-commerce platform Shopify. Shopify is a multinational firm that provides website-based storefronts and payments infrastructure. Shopify president, Harley Finklestein, announced the NFT drop on Twitter earlier today. If you’ve spent 1 minute on the internet this year, you’ve seen a lot about NFTs. @Shopify we are making it easier for our merchants to sell NFTs directly through their stores, with one of the first being the @ChicagoBulls NFT store. https://t.co/Qv2wKO7RCS — Harley Finkelstein (@harleyf) July 26, 2021 According to Finklestein, the Chicago Bulls franchise …

Just a few days before Bitcoin (BTC) price plunged below $30,000, the NFT sector was dominating headlines for the second time in 2021, led by a month-long 972% surge in the price of Axie Infinity. Another NFT-focused protocol that has been gaining fundamental strength in recent months is Worldwide Asset eXchange, also known as WAX — a protocol that claims to “deliver the safest and most convenient way to create, buy, sell, and trade virtual items to anyone, anywhere in the world.” Data from Cointelegraph Markets Pro and TradingView shows that between June 27 and July 9, the price of …

A crypto entrepreneur is planning to gauge whether interest in a collectible from deceased Apple co-founder and CEO Steve Jobs is directed more towards the digital space or the physical world. In an announcement today, Winthorpe Ventures’ Olly Joshi said software company Snoofa would be auctioning off a 1973 job application from Jobs before he joined video game company Atari as a technician. At the same time, digital marketplace Rarible will be auctioning a tokenized version of the paperwork to test which version — a nonfungible token, NFT, or the real thing — will attract more bidders, higher bids, and …

A new NFT marketplace and gallery offers a refined twist — delivering style, sophistication and a social element that allows people to bond over their shared love of digital assets. Musée delivers a platform for crypto art creators and collectors with 10,000 plots, and each one is an NFT that reflects full ownership and control of that digital real estate asset. These plots can be purchased and used to mount crypto artwork and collectibles, which can then be purchased by Musée’s visitors. The project’s homepage greets users with an at-a-glance look at all of the plots that are occupied — …

A verified athlete-only platform connects fans with their favorite sports stars like never before. Blockasset has been built on top of Solana because of how this network achieves high speeds and low fees — delivering a seamless experience alongside NFTs that owners will be proud of. One recent collection came from Italian captain Giorgio Chiellini, who played an instrumental role in the national team’s sensational win against England in the European Championships. The piece was focused on his warrior-like spirit and was named The Gladiator, and ultimately ended up selling for a cool $60,000 — a sum that has been …

A blockchain-based platform says that it is the pioneer of DeFi gaming — and is vowing to offer an experience that’s comparable to the mainstream world of consoles. Night Life Crypto says the blockchain gaming sector is lacking in what it provides to players, and claims many of the NFT-based trading card games that have popped up fail to deliver what consumers are used to: Platform and arcade games. To solve this, the project is creating an on-chain only, AAA-type game where users can unlock achievements and get rewarded with nonfungible tokens. These NFTs can be collected and exchanged for …

A new contest has been launched that gives participants the chance to get their hands on exceedingly rare nonfungible tokens — including a CryptoPunk and Bored Apes. Liquidifty.io says its latest collector contest also boasts works by Pak, XCOPY, Steven Baltay, x0r, Steve Aoki and a plethora of other talented artists. The top prize is CryptoPunk #6691, one of the 10,000 uniquely generated characters from the beloved series. This particular punk sports a front beard, earring, horned-rimmed glasses and a knitted cap — a proper hipster if ever there was one. A look at the transaction history for this NFT …

A completely decentralized, NFT-based crypto advertising billboard has launched. Cell Land says that it is giving up to 14,400 brands the opportunity to purchase pixels — and this could attract millions of unique views per month. Overall, the advertising billboard measures up at 900 x 1600 pixels. A total of 14,400 cells are up for grabs, each of them measuring 10 x 10 pixels. Each cell can be rented in a secure and decentralized way — and ownership can also be transferred to others without third-party intervention. One prominent chunk of Cell Land’s real estate was recently donated to the …