Decentralized crypto aggregator Jupiter has found itself in the middle of controversy after announcing a collaboration with an exposed influencer.
Solana decentralized exchange aggregator Jupiter has sparked a furious outrage in the crypto community following its announcement of a collaboration with Irene Zhao, a Singaporean influencer previously implicated in multiple crypto-related dubious activities.
In an X announcement on Jul. 22, the anonymous founder of Jupiter, known as @weremeow, unveiled the collaboration aimed at improving the “meme coin meta” and giving “degens an on-chain mom to care for them when they are sad.” With the initiative, the Jupiter founder said the trading platform wants to address “major problems” plaguing the current meme coin launch environment, such as “fake wide distribution, sniping,” and “lying influencers.”
“If these works, ideally it can serve as a model for other memecoins in contrast to the sniping, opaque control, instadumping prone, paranoid launch meta we see today.”
@weremeow
The announcement, however, was met with swift backlash as the crypto community accused Jupiter of endorsing shady activities by associating them with Zhao.
Blockchain sleuth ZachXBT highlighted the irony of the collaboration, noting that Zhao had previously engaged in opaque dealings with her project So-Col. He alleged that Zhao previously “literally did exactly this [opaque allocations] with her project SOCOL by rugging all of the early investors by doing a secret deal with DWF where terms were not disclosed to them and community had zero knowledge about.”
Hilarious seeing Irene Zhao involved with a “solution” for opaque allocations when she literally did exactly this with her project SOCOL by rugging all of the early investors by doing a secret deal with DWF where terms were not disclosed to them and community had zero knowledge… pic.twitter.com/p0lCpl04mn
In February 2023, market maker DWF Labs invested $1.5 million in Zhao’s startup So-Col by acquiring native SIMP tokens. Zhao had reportedly pledged to lock the tokens in a one-year vesting period set to end in February 2024. However, blockchain data later revealed that DWF received over 3 million SIMP tokens in March and within the same timeframe transferred approximately 2.6 million SIMP to the KuCoin crypto exchange.
Zhao gained popularity in the crypto space in early 2022 by selling her photos as non-fungible tokens (NFTs), amassing over $5 million. She later launched an NFT collection called IreneDAO, aimed at “disrupting the creator economy.” Initially, the collection saw a price floor surge to 1.49 ETH but has since plummeted to 0.05 ETH, representing an 87% decline from its all-time highs, according to CoinGecko data.
Igloo, Inc., the company behind the non-fungible token Pudgy Penguins, has announced it raised $11 million in funding to build its latest blockchain project.
Peter Thiel’s Founders Fund led the fundraising round, which Igloo says will fund a new Ethereum (ETH) based consumer Layer 2 solution to bolster crypto adoption.
Igloo eyes consumer-focused blockchain
The press release on Tuesday highlighted that Igloo will use the funds to support a new venture dubbed Cube Labs. Igloo seeks to use Cube Labs to research and develop Abstract, a new L2 platform targeted for mass adoption of cryptocurrencies.
According to Igloo, Abstract targets new opportunities for crypto developers and major brands worldwide. The consumer-facing platform aims to tap into digital ownership technology and integrate everyday life activities such as work, social interaction, and play.
Cube Labs is taking the user-first approach in building Abstract and will soon deploy in testnet ahead of supporting the next wave of consumer crypto products and users’ onchain experience.
Zero-knowledge powered
Abstract will leverage zero-knowledge (ZK) proof technology to power its functionality and use. In addition to security, users will benefit from ZK-powered fast and low-cost transactions.
The platform will also integrate ZK Stack and use EigenLayer’s data availability layer, EigenDA, to enhance its decentralized finance ecosystem.
“Our mission is to build infrastructure to power the next wave of consumer crypto applications,” Cube Cygaar, chief technology officer at Cube Labs, said in the news release.
The Cube Labs CTO noted that collaborating with platforms and other stakeholders who want to see crypto users enjoy better UX is, therefore, crucial to Abstract’s development.
Igloo’s flagship NFT product, the Pudgy Penguins, has seen huge success since the new team took over from its original creators. Its brand focus has seen it achieve milestones such as the launch of Pudgy Penguins-branded toys that have since launched across Walmart and Target.
The fundraiser also attracted investment from Fenbushi Capital, Everest Ventures Group, 1kx, and Selini Capital.
Ledger took to X to reveal how crypto users are targeted by a scam known as “address poisoning”.
Address poisoning is a scam where scammers ‘poison’ a user’s wallet by sending a small amount of crypto or an NFT disguised as a voucher. The aim is to trick users into copying the scammer’s wallet address from their transaction history and returning the voucher. This will send funds to the scam account instead of a legitimate one.
“These dummy transactions are meant to deceive you into believing that you sent funds to their address in the past – but unless you initiate a transaction to one of these addresses on your own and sign the transaction with your Ledger, no value will actually be transferred from your account,” Ledger tweeted.
Scammers have been using open-source software to create addresses similar to Ledger addresses. They may create addresses with the same first four or five characters and the last four or five characters to trick users into sending them assets.
The scam has been particularly prevalent among users of Ledger Live, a crypto wallet management tool.
How to avoid the scam
If there are concerns that a wallet may be compromised or notice a suspicious transaction on an account, it’s best to disregard or ignore the transaction and the associated addresses.
Avoid interacting with the suspicious tokens and NFTs that have been sent to you – instead, you can right-click on the NFT/token and select ‘Hide Token/NFT Collection.’
This will hide the suspicious asset from view, so you won’t accidentally click on it or otherwise interact…
Clicking on or following a link in a malicious NFT is insufficient to jeopardize a wallet. The only potential risks to wallets include sharing or typing out a 24-word recovery phrase or signing a malicious transaction with a Ledger device.
It’s best to avoid engaging with any unwanted tokens or addresses. Ledger advised users to right-click and ‘hide’ the token to remove it from visual sight.
In general, it’s best to be cautious of malicious links in a wallet that could lead to scam websites attempting to trick users into sharing sensitive information or authorizing harmful transactions.
Last month, rumors swirled that Nike might shut down RTFKT, the innovative digital sneaker brand it acquired for a staggering billion in 2021. Although the speculation turned out to be unfounded, it triggered a deeper contemplation: Has web3, with its promises of decentralization and digital ownership, truly delivered for consumer brands? My answer is a resounding no.
Large consumer brands are simply too rigid and risk-averse to innovate effectively within this new paradigm. They have adopted web3 mechanics superficially, driven by short-term financial gains rather than genuine technological integration. Consequently, they’ve failed to find meaningful product-market fit.
The failure of large brands to innovate
Large consumer brands are notoriously slow to adapt to new technologies. Kodak, a pioneer in digital photography, clung to its film business and missed the digital revolution. Blockbuster ignored the rise of online streaming and paid the ultimate price. Similarly, big brands today are repeating these mistakes with web3. They dabble in NFTs and blockchain not out of a genuine desire to innovate but as a reactionary move to market trends. This superficial adoption lacks the depth and understanding necessary to leverage web3’s full potential.
From a philosophical perspective, this failure to innovate stems from the very nature of large corporations. They are, by design, hierarchical and centralized structures that prioritize stability and predictability over experimentation and risk-taking. In a Deleuzian sense, they are striated spaces that are rigidly organized and resistant to change. Web3, on the other hand, represents a smooth space, a realm of decentralization and fluidity. The inability of large brands to navigate this space is not surprising; it goes against their very essence.
The superficial adoption of web3
Nike’s acquisition of RTFKT was heralded as a bold move into the digital realm. Yet, despite the initial excitement, Nike has struggled to integrate its innovative spirit into its broader strategy. The recent shutdown rumors underscore the broader issue: large brands adopt web3 technologies for their financial potential, not for genuine innovation. The result is a series of half-hearted projects that fail to resonate with consumers.
This superficiality extends beyond Nike. Louis Vuitton’s foray into blockchain for product authentication, while aligning with the brand’s emphasis on luxury and authenticity, has not significantly impacted consumer engagement. The use of blockchain here is more of a marketing gimmick than a transformative tool. It’s a simulacrum of innovation, a hollow signifier devoid of true meaning.
Louis Vuitton’s NFT ventures
Louis Vuitton has launched several notable NFT initiatives, most prominently the “Louis: The Game” mobile app, which celebrated the brand’s 200th anniversary. In this game, players help the mascot, Vivienne, collect NFTs designed by renowned artist Beeple. The game aimed to educate and entertain while connecting players with the brand’s rich history. Despite achieving over two million downloads, the impact on consumer engagement remains questionable, as the NFTs are non-transferable and primarily serve as collectibles without broader utility.
In a more recent venture, Louis Vuitton introduced the “VIA Treasure Trunk” NFTs, each priced at approximately ,000. These NFTs, tied to physical trunks, offer exclusive access to customizable products and early releases, targeting the brand’s elite clientele. However, this approach highlights the brand’s focus on exclusivity rather than democratizing access to digital ownership.
The true potential of web3
Web3’s promise lies in its ability to democratize digital interactions and ownership. However, this potential remains largely untapped by big brands. The true pioneers of web3 are smaller, more agile companies that can take risks and innovate without the burden of bureaucratic inertia. Brands like 9dcc and RTFKT (in their original form) are at the forefront of this innovation. 9dcc, founded by crypto entrepreneur Gmoney, integrates NFTs into high-end fashion, creating a seamless blend of digital and physical experiences that genuinely resonate with consumers. These companies are experimenting with new models of ownership, community engagement, and digital experiences that large brands can’t or won’t pursue.
In a sense, these smaller players are the nomads of the digital realm, traversing the smooth space of web3 with ease. They are not bound by the striations of corporate structure and can thus explore the full potential of this new frontier. They embody the Deleuzian concept of the rhizome, a decentralized, non-hierarchical system that can grow and adapt in any direction.
The future of web3 and consumer brands
For web3 to reach its full potential in consumer applications, the lead must come from these smaller innovators. They are the ones pushing the boundaries, experimenting with new technologies, and finding genuine ways to engage with consumers. Large brands, on the other hand, need to recognize their limitations and perhaps look to these smaller players for inspiration.
Web3 is not just about slapping an NFT on a product and calling it a day. It’s about rethinking the entire consumer experience, from ownership to engagement to value creation. Until large brands understand this, they will continue to miss the mark, and the true potential of web3 will remain unrealized.
The philosophical implications are clear: the future belongs to those who can navigate the smooth space of web3, not those who cling to the striated structures of the past. It belongs to the nomads, the rhizomes, and the innovators who are not afraid to experiment and fail. It belongs to those who understand that true innovation is not about financial gain but about pushing the boundaries of what’s possible.
In conclusion, the failure of large consumer brands to drive web3 adoption highlights a fundamental truth: innovation requires more than just financial investment. It requires a willingness to take risks, to experiment, and to truly understand the technology. Until big brands embrace this mindset, the future of web3 will be shaped by the bold, the nimble, and the genuinely innovative.
The question is not whether web3 will transform consumer experiences but who will be at the forefront of this transformation. The answer, I believe, lies in the decentralized, fluid, and endlessly creative realm of the small and agile. The future is theirs to seize.
From cute pictures of chubby penguins, the Pudgy Penguin brand has grown into a full-fledged ecosystem with soft toys and its own game.
Table of Contents
What is Pudgy Penguins NFT collection?
The Pudgy Penguins brand was launched in July 2021 by four college friends who decided to ride the wave of NFT popularity. ColeThereum created 8,888 NFTs of Pudgy Penguins, with a price of about .03 each. The collection sold out in 20 minutes at apiece, bringing its creators over 0,000.
Pudgy Penguins were recognizable compared to other popular NFT collections at the time, whose avatars were usually pixelated or trying to follow new trends. Instead, Pudgy Penguins featured bright colors, tiny beaks, and round faces.
The first Pudgy Penguins collection was so successful that shortly after its debut, the creators released a new collection, Lil Pudgy’s, consisting of 22,222 images of smaller versions of the original penguins.
However, the success could have been more-lived. At the end of 2021, prices for NFTs began to decline along with the decline of the crypto market. In addition, the Pudgy Penguin token holders’ community was disappointed with the attitude of the team of creators towards their collection.
Led by student Cole Wilman (ColeThereum), the team of creators shared grandiose plans and promised to release a book and game about their cute penguins. However, the team never specified a timeline for these projects. Their NFT collection was delisted from the OpenSea NFT marketplace for a while.
The creator, ColeThereum, had no intention of developing the project, and in April 2022, Luca Schnetzler (Luca Netz) appeared. He bought the rights from the developer for 750 ETH, or .5 million at the exchange rate of that time, hired a team of experienced specialists, and began promotion. In a couple of years, Schnetzler managed to turn an initially unpromising resource into a unique ecosystem.
Lil Pudgys holders received the same rights as Pudgy Penguins holders. They have access to IP licensing experiences, events, and perspectives, among other benefits.
However, the collection’s success could have been more-lived. At the end of 2021, prices for NFTs began to decline along with the decline of the crypto market. Moreover, the Pudgy Penguin token holders’ community was disappointed with the attitude of the creators’ team towards their collection.
In 2023, an agreement was signed to collaborate with the LayerZero project, thanks to which Little Pudgys appeared on the Arbitrum and Polygon networks.
Pudgy Rods
Pudgy Rods were offered as a free NFT, and any owner of the Pudgy Penguins NFT could claim mint until Aug. 30, 2021.
In May 2023, the project team revealed the launch of the Pudgy Toys collection. The stuffed animals quickly buzzed the market, reaching 0,000 in sales in just two days.
One feature that sets Pudgy Toys apart is that each toy comes with a digital interface called Pudgy World.
The firm began selling chubby penguins in 2,000 Walmart stores in September 2023. As of April 2024, the company has sold more than a million toys, generating revenue of million, and the total number of toys sold has exceeded 1 million.
Pudgy World Game
In December 2023, the authors of Pudgy Penguins announced that they were developing a game called Pudgy World — a free browser-based blockchain game that tells the story of the adventures of two penguins. The developers ntegrated the Ethereum network scaling protocol zkSync, launched by Matter Labs, into the software.
According to Michael Lee, the company’s senior vice president, the technology invented by his organization’s employees will allow the use of new business models and diversify the gaming experience. In this regard, a system for earning cryptocurrency based on Pudgy World will be implemented.
“The launch of Pudgy World, in collaboration with Walmart, stands as a remarkable testament to the capabilities of our joint development teams. Whether you’re a seasoned NFT collector or venturing into crypto for the first time, Pudgy World aims to welcome millions of gamers into web3 to have fun, as well as forge lasting friendships.”
Michael Lee, SVP of Growth at Matter Labs
Owners of NFT Pudgy Penguins and plush penguin toys can create 3D characters based on their tokens. The developers are also expected to launch a mobile version of the game in 2025.
How to buy Pudgy Penguins NFTs?
There are currently two of the most trusted platforms for purchasing Pudgy Penguins NFTs. First of all, users can buy a token on the official Pudgy Penguins marketplace. It is available on the project’s official website and allows, among other things, to buy a physical penguin toy.
Another most trusted marketplace for purchasing a penguin is OpenSea. Only NFTs are available for purchase on the platform.
What are the dynamics of the Pudgy Penguins now?
Data from OpenSea shows that the minimum Pudgy Penguins price is currently 7.985 Ether (ETH) or approximately ,200 at current rates.
Pudgy Penguin OpenSea page shows the most expensive recent sale was Penguin #6873, which sold for a whopping 400 ETH, or about .4 million.
CryptoSlam platform also suggests that Pudgy Penguins ranks as the 20th most expensive NFT collection in the last 30 days, with million in sales. NFT #5019 was the 13th most expensive NFT sold in the last 30 days. The token was purchased for ,104.
Should users pay attention to NFTs now?
In 2021, NFTs became fashionable on the Internet. The excitement grew so intense that some pictures were sold for hundreds of thousands of dollars. And then people suddenly ran out of easy money. The price of collectible NFTs fell by an average of 90% and of ordinary NFTs by 99.99%.
Prices for some of the most popular NFT collections have dropped noticeably recently. For example, the minimum cost of the Bored Ape Yacht Club (BAYC) collection has fallen by 20% in the last 30 days, indicating a possible drop in demand for these assets.
However, some NFT projects, including Pudgy Penguins, seek to maintain interest in their tokens by launching additional collections, games, or even physical goods. Therefore, Pudgy Penguins’ future may seem pretty bright for long-term holders.
Rapper Iggy Azalea’s MOTHER token is gaining traction among traders and speculators.
MOTHER token’s price has surged by over 2,900% from its all-time low, giving it a market cap of over 3 million. Rapper Iggy Azalea, best-known for singles like Fancy, Black Widow, and Work, has become the latest sensation in the crypto industry.
This week, she hyped MOTHER, a token she hopes will become a leading cryptocurrency in the industry. As crypto.news reported earlier this week, she believes that the token will be used for commercial purposes like buying smartphones and cell plans.
MOTHER has continued to gain traction. In an X post on Thursday, it was reported that the token will be integrated in Magic Eden, one of the top NFT marketplaces in the industry. This integration means that users will be able to buy NFTs in the ecosystem using the new token.
The token has also achieved other milestones in the past few weeks. Azalea hired Fenwick, a leading law firm to help compliance with the law and scaling. It has also been listed by several DEX and CEX platforms like Helix, Kamino, Bitget, and HTX.
Still, its popularity has raised questions about the future of celebrity-backed cryptocurrencies. Recently, Davido, a Nigerian singer launched a token that crashed after he cashed out. Caitlin Jenner’s token has also crashed.
At the same time, the number of similar tokens has soared. There are now many tokens targeting politicians like Joe Biden and Donald Trump. MAGA HAT and MAGAA tokens are taking advantage of the ongoing political season.
Some analystsbelieve that celebrities meme coins have become the new NFTs, an industry that has almost collapsed. Data by CryptoSlam shows that the total NFT sales have dived by double-digits in the past 30 days. Ethereum and Solana handled 8 million and million worth of tokes in this period, down by 52% and 46%, respectively.
MOTHER Token price forecast
On the hourly chart, we see that the MOTHER token price peaked at .2613 on June 6th. It has now dipped by more than 40% from that point.
The token has formed a symmetrical triangle pattern, which is nearing its confluence level. It is also hovering at its 25-period and 50-period moving averages while the RSI has dropped below the neutral point of 50.
Therefore, the token’s outlook is bearish with a bearish bias. A drop below the lower side of the triangle will point to more weakness, with the next reference level to watch being at .10. This price is about 36% below the current level.
According to a report by the nonprofit Identity Theft Resource Center, the number of online attacks on small businesses increased by 28 percent in 2023. But this year, hackers slipped back into their old habits and once again began targeting large, data-rich organizations with lots of cash and digital assets.
During this year of 2024, 20 significant hacks have been undertaken by cybercriminals from the top 10 countries ranked for the first time according to recent research from Oxford University based on a World Cybercrime Index (WCI) cybercrime threat score: Russia (58.39), Ukraine (36.44), China (27.86), the United States (25.01), Nigeria (21.28), Romania (14.83), North Korea (10.61), the United Kingdom (9.01), Brazil (8.93), India (6.13).
During May alone, there were back-to-back mega hacks with digital asset considerations.
Hackers threatening to release sensitive digital asset information
The Russian-speaking hacker group RansomHub undertook its historic hack of top auction house Christies, which had global sales revenues of .2 billion in 2023. The skilled extortionist hackers smugly also took credit for hacking Frontier Communications, which provides internet services via eight partners in more than 25 states in the US that reported .75 billion in revenues in 2023.
Today RansomHub ransomware group claimed to ransom Frontier Communications. Frontier Communications is a large Internet Service Provider based out of Dallas, Texas.
Frontier Communications confirmed this by submitting a form 8-K to the SEC.
Owned by French billionaire Francois Pinault—who also owns the luxury goods group Kering that has an entire team dedicated to web3 and metaverse—Christie’s sells NFTs and is credited with selling one of the highest-priced NFTs: Beeple’s “Everydays” for .5 million back in 2021. The cyberattack on Christie’s was carried out by RansomHub ahead of the New York Auction Week, where 2 million of art was auctioned off after Christie’s accidentally exposed the location data for hundreds of consigned works last year. RansomHub is attempting to shakedown Christie’s and is threatening to auction off “sensitive personal information” about at least 500,000 of its high net-worth clients to the highest bidder on the dark web.
Not to minimize RansomHub’s hacking accomplishments, but the biggest hack during May was by the notorious cyber-criminal group ShinyHunters, which took credit for a long list of hacks since 2020, including Banco Santander on May 30. ShinyHunters is one of the biggest in history in terms of global victims; this group hacked more than half a billion—560 million, to be precise—of a treasure trove of sensitive user information, including full names, addresses, email addresses, phone numbers, ticket sales and event details, order information, and partial payment card data from world’s largest event ticket seller Ticketmaster/Live Nation which they are selling for 0,000 on the dark web. Ticketmaster/Live Nations controls 70% of ticket sales and is subject to a Department of Justice anti-trust lawsuit that could potentially lead to a breakup of the entertainment giant to allow more competition and to let smaller players gain more of the ticket-selling market.
Ticketmaster sells concert tickets in exchange for digital assets and offers NFT ticketing on Flow blockchain. Token-gated sales are compatible with tokens minted on Ethereum and stored in Dapp wallets such as MetaMask or Coinbase. Jennifer Lopez was selling token-gated tickets at Ticketmaster before abruptly canceling her tour “THIS IS ME…LIVE” on May 31.
These hacks are potentially problematic to digital asset owners because they could lead to the commission of further cybercrime down the road and potentially place sensitive taxpayer personal information in the hands of tax commissioners. The Australian government, which is part of the Joint Chiefs of Global Tax Enforcement (J5), announced that it is now working with Ticketmaster and the FBI to “better understand the incident.”
Should you be concerned?
Top Internal Revenue Service (IRS) criminal investigation chief Guy Ficco reported an “uptick” in tax evasion related to ‘pure crypto tax crimes.’ As a result, the IRS reminded taxpayers that they’re generally required to report all earned income on their tax returns, including income earned from digital asset transactions, which could include selling NFTs or scalping token-gated event tickets.
The IRS warned wealthy individuals about three tax traps as part of the Dirty Dozen campaign, including Improper art donation deductions and NFTs designed for them by dishonest promoters and shady tax practitioners. The IRS also stated that in 2024, it will ramp up its audit efforts for high-income taxpayers, large partnerships, corporations, and digital asset accounts.[11]
The market for non-fungible tokens (NFTs) has cooled off a lot in the last two years, dropping 90% in 2022. Despite the bearish decline, NFTs remain a multi-billion dollar market. So what are the best NFT marketplaces in 2024?
Table of Contents
What is an NFT marketplace?
An NFT marketplace is an online platform where users can buy and sell NFTs, a type of digital asset with multiple use cases. NFTs can represent digital artwork, allowing users to sell a unique token that can signify ownership of the art.
They also have a major application in the skins market for gaming, allowing users to buy and sell in-game assets like clothing, weapons, and other items. Most NFT sales have been art-related, although music, collectibles, and real estate have also been traded as NFTs.
NFT marketplaces also facilitate the actual creation of NFTs in a process known as minting NFTs.
How do NFT marketplaces work?
NFT marketplaces typically work by charging a fee for any NFTs sold, and some of them allow the original artist to collect royalties on future sales of their work. Users can mint NFTs on blockchain networks, most commonly the Ethereum network. To join a marketplace, you need to register an account and connect a digital wallet like MetaMask.
From there, you can upload artwork and mint an NFT by following the directions on your platform of choice or simply browse NFTs that you’d like to buy. You can also research the market by doing this in preparation for the sale of any NFTs you own, and list an NFT for sale.
To buy an NFT, you’ll need cryptocurrency in your wallet, and the most common crypto to use for buying NFTs is ETH.
Best NFT platforms: top 7 marketplaces in 2024
Let’s take a look at the best and most popular NFT marketplaces in 2024.
OpenSea
OpenSea is the world’s first NFT marketplace, launching in 2017. It remains one of the biggest NFT marketplaces, retaining its first-to-market advantage and offering the widest selection of assets for trade. However, Magic Eden and Blur have overtaken OpenSea in popularity this year.
OpenSea has had over one million active users since launch, and 140,000 accounts still trade NFTs each month on the platform. It offers a wide range of features for users to choose from.
The platform is non-custodial, meaning users don’t have to give over control of their assets to OpenSea when listing them for sale.
Fees: 0% – 2.5%
Minting Fees: 0% – 2.5%
Liquidity: High
Royalties: Optional fees from 0% to 10%
Rarible
Rarible is a major NFT marketplace founded in 2020. The platform offers competitively low fees for trading NFTs, and focuses on trading rare digital assets. Another key feature of the platform is the high royalties available to creators.
While setting the royalty feature too high can discourage users from buying NFTs in an effort to flip, artists with in-demand assets can find high royalties to be very profitable and can choose what amount they want to set for royalties.
Fees: 7.5% – 0.5%, depending on the asset’s value. 0% available when staking native token.
Minting Fees: 0%
Liquidity: Medium
Royalties: Up to 50%
Magic Eden
Magic Eden is an NFT marketplace that offers NFTs minted on the Solana blockchain rather than Ethereum. Solana is a competitor to Ethereum aimed at becoming a faster and more scalable way to create decentralized applications.
However, Magic Eden has expanded to include the trade of Ethereum NFTs and Bitcoin Ordinals, or Bitcoin NFTs.
Trading Fees: 2%
Minting Fees: Around 0.02 to 0.04 SOL
Liquidity: High
Royalties: Choose between 0%, 50%, or 100%
Blur
Blur is an NFT platform catering more towards professional NFT traders seeking profit on their trades. it recently overtook Magic Eden and OpenSea to become the biggest NFT marketplace in the world by trading volume.
Where earlier NFT marketplaces had a more casual approach towards the market, Blur sought to make trading cheaper for end-users and does not charge any transaction fees. The platform launched with very low royalty fees, contributing to OpenSea’s to scrap mandatory royalties altogether.
Blur is a decentralized app running on the Ethereum network and users can vote on platform governance using the native BLUR token. It offers collateralized lending and allows users to search OpenSea listings from Blur. The transparent bidding feature also allows users to view the bidding history on an NFT, granting more insight into the market value of their NFTs.
Trading Fees: 0%
Minting Fees: Dependent on current Ethereum gas fees
Liquidity: High
Royalties: 0.5% fixed rate
LooksRare
LooksRare is a decentralized app that allows for NFT trading and is governed by its own community. 100% of this NFT marketplace’s fees were initially earned by users who stake the native LOOKS token, an attractive incentive scheme that puts the community first. This scheme has been discontinued, and the platform now offers rewards through a more complex series of DeFi-inspired incentive programs.
Trading Fees: 2%
Minting Fees: Dependent on current Ethereum gas fees
Liquidity: Low
Royalties: 0% option, with higher options available
Binance NFT Marketplace
The world’s largest crypto exchange by trading volume, Binance, also offers an NFT marketplace. In true Binance fashion, the marketplace offers a wide selection with low fees. Binance NFT Marketplace offers Ethereum and Binance Smart Chain NFTs.
Users should be advised that Binance has been subject to multiple lawsuits and legal actions over the last year, potentially placing the exchange in a vulnerable position when it comes to regulatory enforcement.
Nifty Gateway is an early entry to the NFT markplace sector, founded in 2018 and becoming known for exclusive artist listings of NFTs. Despite not having the high volumes it boasted in 2021, it remains a reliable nft marketplace.
The NFT marketplace with the biggest market share in 2024 is Blur, and by quite a large margin. At the time of writing, Blur’s 7-day trading volume amounts to million. Magic Eden comes in second place at million, followed by OpenSea with million.
Blur’s decentralized approach and decision to charge no transaction fees have made it the clear outlier when it comes to choosing one winner from our NFT marketplace list.
Frequently asked questions
What is the best NFT marketplace for beginners?
OpenSea, Blur, and Magic Eden are all frequently praised for their ease of use for beginners to start trading NFTs.
What is the best place to buy NFTs?
There’s no definitive answer as to the best place to buy NFTs, as this will depend on your priorities when it comes to fees, royalties, and liquidity among other factors. Blur is currently the most popular NFT trading platform.
What is the best place to sell NFTs?
Blur has the highest trading volume, offering high liquidity, However, if you’re the original creator of the NFT, Blur offers lower royalties than some other platforms.
CryptoPunks, được hỗ trợ bởi nhóm Yuga Labs, đã khởi chạy lại với bộ sưu tập NFT mới nhưng hóa ra lại thất bại hoàn toàn.
Mục lục
Yuga Labs đã tạo ra một bộ sưu tập mã thông báo không thể thay thế ( NFT ) mới có tên là Super Punk World, với 500 NFT dưới dạng hình ba chiều “làm mờ ranh giới chủng tộc và giới tính”. Ý tưởng là xóa bỏ ranh giới giữa chủng tộc và giới tính, đồng thời suy nghĩ lại về bản chất của danh tính ảo và thực.
Super Punk World là một bộ sưu tập gồm 500 tác phẩm vừa vui tươi vừa sâu sắc. Đối với sự hợp tác Punk in Residence của chúng tôi – @ninachanel đã tạo ra các tác phẩm điêu khắc 3D lai làm mờ ranh giới chủng tộc & giới tính, đồng thời phản ánh bản sắc thế giới ảo và thế giới thực. Đọc thêm và… pic.twitter.com/rWMraMW7Km
Đây là bộ sưu tập đầu tiên được Yuga Labs tạo ra dưới thương hiệu CryptoPunks . Tác giả của bộ sưu tập NFT là nghệ sĩ Nina Abney. Các nhân vật kỹ thuật số kết hợp phong cách nghệ thuật của cô ấy và bày tỏ lòng tôn kính đối với các dự án web3 thời kỳ đầu, đặc biệt là CryptoPunks. Ngoài ra, họ còn nêu lên những vấn đề xã hội bức xúc, cụ thể là chủ nghĩa phân biệt chủng tộc và phân biệt giới tính.
Người đồng sáng lập dự án Greg Solano cho biết nhóm có kế hoạch hợp tác với các nghệ sĩ đẳng cấp thế giới để hợp nhất web3 với thế giới nghệ thuật truyền thống.
Một cuộc đấu giá đã được lên kế hoạch để bán token từ bộ sưu tập Super Punk World. Giá cao nhất sẽ được công bố trước tiên và tại những khoảng thời gian nhất định, giá trị của NFT sẽ giảm cho đến khi tài sản được mua hoặc giá của nó đạt đến mức tối thiểu đã đặt. Tuy nhiên, sau những chỉ trích từ cộng đồng, Yuga Labs đã chọn một con đường khác.
“Ý tưởng ngu ngốc nhất” và những sát thủ của CryptoPunks
Bất chấp các mục tiêu toàn cầu, bộ sưu tập vẫn bị các thành viên cộng đồng tiền điện tử chỉ trích. Một số người dùng lên án phong cách nghệ thuật và ý tưởng trong nỗ lực suy nghĩ lại về dự án đình đám CryptoPunks. Những người khác cáo buộc Abney kích động hận thù trong cộng đồng thông qua công việc tập trung vào chủng tộc và giới tính của cô.
Một trong những người dùng lưu ý rằng Yuga Labs đã “giết chết” ý tưởng về CryptoPunks theo đúng nghĩa đen.
Nhà phát triển giao thức Ordinals , Leonidas, lưu ý rằng với việc phát hành bộ sưu tập CryptoPunks mới, Yuga Labs chỉ đơn giản là tìm cách bổ sung ví của họ và tuân theo lý thuyết và khuyến khích trò chơi cơ bản. Trong trường hợp này, chủ sở hữu của bộ sưu tập CryptoPunks ban đầu phải chịu trách nhiệm về mọi thứ.
“Yuga không sở hữu gì cả. Người nắm giữ Punks là chủ sở hữu của CryptoPunks. Vì vậy, hãy bắt đầu hành động như vậy và ngừng giả vờ như bộ sưu tập ngẫu nhiên này có bất kỳ ý nghĩa hoặc mối quan hệ nào với CryptoPunks.”
Leonidas, nhà phát triển giao thức Ordinals
Một nhà sưu tập có biệt danh quary.sats lưu ý rằng “làm mờ ranh giới giữa giới tính” là ý tưởng “ngu ngốc nhất” nảy ra trong đầu các đại diện của thương hiệu CryptoPunks. Anh ấy khuyên cả nhóm nên rời Yuga Labs và đi tiếp.
Yuga Labs sẽ từ bỏ thương hiệu CryptoPunks
Sau hàng loạt chỉ trích về bộ sưu tập mới, Solano tuyên bố rằng công ty sẽ ngừng mọi hoạt động liên quan đến CryptoPunks, để bộ sưu tập này trở thành một dự án blockchain hoàn toàn phi tập trung. Ông cũng lưu ý rằng bước cuối cùng trong việc quảng bá dự án sẽ là phổ biến bộ sưu tập NTF tới khán giả của một số bảo tàng.
gm,
muốn chia sẻ thông tin cập nhật về những người chơi chữ: khi chúng tôi mua lại bộ sưu tập này vài năm trước, chúng tôi làm như vậy với mục đích bảo tồn di sản của bộ sưu tập.
chúng tôi coi những trò chơi chữ là những bức tranh hang động đầu tiên của phương tiện mới này và chúng tôi bị ảnh hưởng nặng nề bởi chúng khi tạo ra…
Nhóm Yuga Labs đã quyết định phân phối NFT Super Punk World thông qua airdrop cho những người ủng hộ công việc của Abney. Đồng thời, Solano nhấn mạnh Yuga Labs “sẽ không động đến” CryptoPunks nữa.
“Còn bọn chơi chữ thì sao? Yuga sẽ không chạm vào bọn chơi chữ nữa. Chúng sẽ được phân quyền và bảo toàn trên blockchain. Điều duy nhất chúng tôi dự định làm là hỗ trợ một số viện bảo tàng và tổ chức trong nỗ lực tìm kiếm nhạc punk và giúp giáo dục khán giả về chúng.”
Greg Solano, đồng sáng lập Yuga Labs
Abney xác nhận kế hoạch của Yuga và cảm ơn sự hỗ trợ của dự án. Cô cũng lên án các cuộc tấn công từ cộng đồng tiền điện tử.
“Tôi hoàn toàn chán ghét một số bình luận phân biệt chủng tộc, phân biệt giới tính, kỳ thị đồng tính, chuyển giới mà cuộc tranh cãi xung quanh dự án này đã bộc lộ. Điều gì thực sự ở dưới bụng của không gian này?
Nina Abney, nghệ sĩ NFT
CryptoPunks trước Yuga Labs và mua bản quyền
Dự án CryptoPunks đã trở thành một trong những bộ sưu tập NFT đầu tiên đạt được mức độ phổ biến. Thành công của nó đã truyền cảm hứng cho nhiều nghệ sĩ kỹ thuật số trong sự sáng tạo của họ.
Người tạo ra CryptoPunks là công ty Larva Labs ở New York, được thành lập bởi các nhà phát triển Matt Hall và John Watkinson. Họ bắt đầu thực hiện dự án vào năm 2017. CryptoPunks dựa trên việc kết hợp nghệ thuật với sức mạnh của các mã thông báo không thể thay thế.
Tác phẩm nghệ thuật kỹ thuật số từ bộ sưu tập CryptoPunks là một trong những tác phẩm đắt nhất. Bước nhảy vọt từ việc tặng vật phẩm miễn phí sang bán NFT để kiếm số tiền lớn diễn ra trong bối cảnh các token không thể thay thế ngày càng phổ biến.
Vào năm 2022, Yuga Labs công bố mua lại quyền sở hữu trí tuệ đối với các bộ sưu tập NFT phổ biến do Larva Labs phát hành. Giống như bộ sưu tập Bored Ape Yacht Club ( BAYC ), Yuga Labs đã chuyển giao quyền sở hữu trí tuệ cũng như quyền cấp phép thương mại và độc quyền cho chủ sở hữu NFT.
Là một phần của việc mua lại bộ sưu tập CryptoPunks và Meebits, Yuga Labs đã nhận được quyền sở hữu đối với 423 CryptoPunks và 1.711 Meebits.
