Published on Aug 25, 2021 by Brendan McShane
After Visa purchased the CryptoPunk, they said the NFT would be "a great addition to our collection of artifacts." The 90 punks sold quickly after between $180K-$250K and one of the NFTs sold for $917K.
FTX signed a 10 year deal with Cal Athletics for the naming rights to the field at California Memorial Stadium. This is FTX's first naming right sponsorship with a college. The sponsorship is smaller compared to FTX's previous deals with the Miami Heat and League of Legends team.
A survey conducted by Deloitte stated that 73% of finance exces said they will lose a competitive advantage if they do not adopt blockchain technology or digital assets. Additionally, 97% stated that blockchain technologies are crucial for their company to stay competitive. The biggest factors holding them back was cybersecurity and regulatory barriers.
NFT trading volume has increased 542% from last month and the NFT market as whole hit an ATH of $2.4B in trade volume. While OpenSea had the highest in trade volume, Axie Infinity had $870M in volume traded in the last month. In the last month 150K traders interacted and traded with OpenSea.
The apps were charging users crypto fees for an illegitimate crypto cloud mining service. The eight apps were downloaded over 100K times and were charging users around $15 monthly for their fake mining services. Google revised their policies to allow crypto wallets and exchanges on their app store but requirement to be registered with Financial Crimes Enforcement Network.