Articles about NFTs

Bitwise Asset Management has launched the Bitwise Ethereum ETF (ETHW), scheduled to start trading on the New York Stock Exchange on July 23. This marks the introduction of the first spot Ethereum fund in the U.S., providing investors with a new method to invest in Ethereum, the second-largest crypto asset by market capitalization.

The ETF begins with a management fee of 0.20 percent, offering a promotional zero fee on the first $500 million in assets for the initial six months.

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The appeal of NFTs (non-fungible tokens) appears to have dropped off. After enjoying a period of near-meteoric popularity, the value of NFT sales has been decimated over the past six months.

NFT sales for June 2022 were a little over $1 billion, compared to a peak of $12.6 billion at the start of the year. The drop in interest takes NFTs to their lowest level in a year, and it comes as the cryptocurrency markets have suffered a period of extreme volatility and price drops.

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Popular NFT marketplace OpenSea has started issuing emails to its users warning them of a leak of customer data.

OpenSea says that an employee of its email delivery vendor, Customer.io, abused their position to access and share email addresses with an unauthorized third party. The company has not given an indication of the number of users affected by the data breach, but has warned of an increased risk of phishing attacks. With the number of active users of OpenSea reported to be around 2 million -- and this does not include people who have just signed up for a newsletter -- the potential impact is huge.

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For people with less sense than money, there are NFTs to waste hard-earned cash on. But Meta is introducing a new way to part fools from their money -- Avatars Store.

These will be available for Facebook, Instagram and Messenger, and will give users the opportunity to buy digital clothes with which to adorn their avatar. Attempting to justify the selling of more digital fluff, Mark Zuckerberg insists that "digital goods will be an important way to express yourself in the metaverse and a big driver of the creative economy".

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