Keyword: nfts
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New report from industry researchers finds that 95 percent of the once-hyped crypto assets have hit rock-bottom valuation NFTs, or non-fungible tokens, once vaunted as a revolution in crypto and digital art, are largely worthless. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH) The study estimates that some 23 million investors own these tokens of no practical use or value. What’s more, supply vastly outstripped demand for NFTs. Just 21 percent of the collections included in the study can claim full ownership, meaning around four out of every five...
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What does the Titanic have in common with NFTs? Not much. One lives on in the collective psyche as a monument to hubris while the other refuses to just sink already. Still, apropos of nothing except the smell of filthy blockchain-adjacent lucre, RMS Titanic Inc (RMST), which has been collecting artifacts associated with the ship since the 1980s, has hooked up with NFT flinger Artifact Labs and Venture Smart Financial Holdings to "bring the RMS Titanic and its physical artifacts into Web3." The ship sank into the frigid Atlantic in 1912, taking the lives of more than 1,500 people aboard....
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Trump's cards sold out in 12 hours 45,000 at $99 each = $4,500,000
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Donald Trump's collection of non-fungible tokens (NFTs) has sold out in a matter of hours, with the "digital trading cards" now worth more than $500,000. The former president was widely mocked for announcing he would be making a "major announcement" on Thursday, which was later revealed to be an NFT collection portraying him in guises such as a superhero, cowboy and astronaut, which could be bought for $99. Despite this, the entire collection of 45,000 NFTs featuring Trump has been minted in around 12 hours...
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Former President Donald Trump revealed Thursday that the “MAJOR ANNOUNCEMENT” that he teased earlier in the week — which some of his supporters thought could be anything ranging from his announcing a bid for House Speaker to announcing who he would want to be his VP pick should he win the GOP primary — was a series of digital trading cards. “I’m doing my first official Donald J. Trump NFT collection right here and right now; they’re called Trump Digital Trading Cards,” Trump said in a promotional video. “Here’s one of the best parts: Each card comes with an automatic...
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Donald Trump left his supporters on the edge of their seats when he touted a 'major announcement' just weeks after he revealed his run for president again in 2024. Speculation swirled that it could be the announcement of a rally after a pause since the midterms or a move that could upend the Republican primaries. Despite the anticipation, it turned out to be a line of his own digital trading cards, costing $99 each and featuring him in various poses - including Superman and as a cowboy with a hunting rifle. 'They will be gone, I believe, very quickly!' Trump...
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Some people are climate change skeptics, and others are climate change skeptics with extreme prejudice. It's probably safe to count Real Money Columnist Jim Collins among the later. "In my world, humans are killing each other, not the planet," Collins wrote recently on Real Money. "And the insane 'green' strategies of its leaders, especially in Europe, serve to enrich the lunatic who is doing the killing,” he added.Collins argues that investing in big tech now requires that investors believe Putin is 'just kidding,' in Ukraine, that Fed Chief Jerome Powell and colleagues are 'all over' the inflation problem and "Not...
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Driving the news: On Monday, a new group, Front Row, will launch a political NFT marketplace — and only allow Democratic campaigns and causes to use it. The first NFTs for sale will be digital collectibles from the Texas Democratic Party. For example, for $250, a political activist can purchase a digital "Wanted" poster, with animation, of different Texas lawmakers who fled the state this year in a failed effort to block its new restrictive voting law.
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"Zoe wasn’t an arsonist. Now 21, she’s a senior at UNC-Chapel Hill. Online, in the world of memes and 280-character messages, Zoe lives out her alter ego as the always devious, “Disaster Girl.”
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