nft

Former Magic Eden community data analysis contributor and founder of Magic Lab, Ben Gruenbaum, posted on X, accusing the NFT market Magic Eden of changing rewards, governance, products, and strategic direction after users locked up $ME for the long term. He stated that $ME has a fixed supply of 1 billion, of which 225 million are reserved for active user rewards over four years and are unlocked linearly, with the longest lock-up period being four years and no early withdrawal allowed. After distributing 10 million $ME in Season 1, an additional 2.3 million was added due to issues, and the rewards for Season 2 increased from 8 million to 10 million.The community fund was launched with 5 million $ME. The proposal supported by Magic Lab requested 295,000 $ME (approximately $177,000 at $0.60), but the budget shrank due to price declines. Users continued to lock up during the shutdown of the Bitcoin and EVM markets, as well as the Runes infrastructure and wallet, with rewards shifting to USDC. Magic Eden promised $75 million to Dicey, and some top stakers reported issues receiving USDC and have filed lawsuits. Gruenbaum stated that this is not a story about the token's decline, but rather about changes in ecosystem factors after users made long-term commitments.

Zora co-founder Dee Goens has taken over as CEO, succeeding co-founder Jacob Horne, who held the position for over six years. Goens stated in a post on Wednesday that Horne will leave the company to embark on a new chapter but "won't stray too far from crypto." Goens revealed that Zora has conducted layoffs this year, reducing the team size to fewer than 10 people, and is shifting towards a more AI-driven operational model.On the product front, Zora has shifted its focus from the Creator Coins model launched on Base last June to supporting trading pairs on other networks. The Custom Pairs feature, launched on August 20, allows users to customize token trading pairs, with over 4,000 created so far. Zora also expanded to Robinhood Chain and Solana this summer, supporting cross-chain trading and eliminating fees for direct messages and comments. According to DefiLlama data, Zora recorded only $14,800 in fees deployed on Base in August, a 99.4% drop from $2.51 million in the same period last year.Goens outlined five key priorities, with the top priority being to align the business with the interests of ZORA token holders through the implementation of buyback and reward mechanisms, though he did not disclose specific scales, sources of funds, or timelines. The remaining priorities include rebuilding community trust, focusing on mobile app user acquisition, and restarting community incentive distribution. As of the time of publication, ZORA is priced at $0.00814, with a market cap of approximately $36.3 million, down 94.4% from its historical high of $0.1456 reached on August 11.

Cashmere Labs announced the launch of Goat Street's first practical features and products. Goat Street NFTs on the Robinhood Chain can now earn native ETH and on-chain stock yields, with the weight depending on the duration of NFT holding and level.

Fomo co-founder Se Yong posted on platform X stating "nfts are back" and included two images of NFTs. He also commented, "Some people like to buy watches with profits, but personally, I prefer digital products."

OpenSea announced the addition of Solana NFT trading on OS2, allowing collectors to browse, purchase, and sell Solana digital collectibles on the platform, with series like Mad Lads and Claynosaurz available at launch. The release on August 31 expands OpenSea's Solana services beyond fungible tokens. The company stated that collectors can use the platform without switching wallets or accessing multiple markets, while Solana creators gain a new channel to reach buyers.The OS2 version released by OpenSea in May 2025 offers fungible token trading across 19 chains, including Solana. The newly added NFT support fills a functional gap on the Solana side of the platform. OpenSea stated that users can now buy, sell, trade, and bid on top Solana series. This move creates more direct competition with existing Solana markets like Magic Eden and Tensor.

The NFT trading platform OpenSea has re-enabled Solana NFT trading, allowing users to buy and sell Solana-based NFT collectibles on the platform, including popular collections such as Claynosaurz, Mad Lads, BoDoggos, Collector Crypt, and Phygitals. This marks the return of Solana as the first non-EVM chain for NFT trading on the platform more than four years after OpenSea first supported Solana NFTs in a beta version in April 2022.An OpenSea representative stated that OS2 is a multi-chain platform rebuilt from scratch, initially starting with support for Solana tokens, and now NFT support has also gone live, which is related to the trend of many collectible platforms adopting Solana NFTs. In April 2025, Solana returned to OpenSea with OS2, but at that time only fungible tokens were supported, with officials stating that NFT support would follow. Currently, the other networks supported by the platform are almost all EVM-compatible chains, including Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Base, Monad, Sei, and Berachain.This launch comes at a time when the NFT market is far below its peak period. According to data from The Block, the monthly market trading volume reached billions of dollars from 2021 to 2022, but now only a few hundred million remain.

According to on-chain analyst Yu Jin's monitoring, 5 hours ago, a suspected address of @XXAntiWar bought 17.56 million Niu Lai worth 1.51 million dollars when the market cap of Niu Lai was 86 million dollars. Among them, one address used 1,540 BNB, worth 1.067 million dollars, to buy 12.25 million Niu Lai; another address used 645 BNB, worth 447,000 dollars, to buy 5.31 million Niu Lai. The market cap of Niu Lai today rose from a maximum of 55 million dollars to 98 million dollars.

Consumer rights organization Public Citizen released a report stating that U.S. President Trump and his family's cryptocurrency projects have resulted in investor losses of at least $4.7 billion since 2022. Most of the losses stem from the TRUMP meme coin issued by Trump, with investors losing about $3.2 billion, while buyers of World Liberty Financial's USD1 stablecoin "have not suffered significant losses."The report noted that Trump profited $7.2 million from NFT royalties, over $600 million from the sale of World Liberty tokens and equity, $635 million from meme coin royalties, and $197 million in revenue from investing in World Liberty. These figures do not include the company and project shares he continues to hold, and some data is included in the President's 2025 disclosure documents, showing his cryptocurrency-related income reached $1.4 billion.Public Citizen once again called for the inclusion of ethical provisions in the Digital Asset Market Clarification Act (CLARITY Act), requiring the U.S. President and his family to divest from industry-related projects. The bill is scheduled for a final vote on September 15 and requires support from at least 60 senators to advance. White House spokesperson Anna Kelly previously responded that Trump's cryptocurrency investments "do not present a conflict of interest."

According to Crypto.news, data from CryptoSlam shows that this week, NFT transaction volume increased by 155.23%, rising from $35.29 million last week to $97.86 million. The number of NFT buyers rose by 50.56% to 174,203; the number of NFT sellers increased by 51.33% to 160,382; and the number of transactions slightly increased by 5.38% to 952,541.Ethereum network NFT transaction volume grew by 579.79% to $71.51 million, with the number of buyers increasing by 63.72% to 24,647. The Polygon network ranked second with a transaction volume of $10.55 million, a year-on-year decrease of 10.58%, while the number of buyers grew by 27.35% to 72,226. The Base network ranked third with sales of $4.51 million, an increase of 99.84%, and the number of buyer addresses grew by 86.74% to 2,168. The BNB Chain network followed closely behind, with a transaction volume of $3.59 million, an increase of 107.39%. Its number of buyers grew by 117.48% to 8,895.

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.