Tag: NFT

SEC Drops Case Against OpenSea NFT Marketplace, No Charges Filed

SEC dropped its case against OpenSea, calling off NFT securities claims. Crypto fam sees it as a huge win for Web3.

Big W for NFTs—SEC just dropped its case against OpenSea, meaning no charges for the massive NFT marketplace. OpenSea’s founder, Devin Finzer, called it a win for the entire space after revealing the news on Feb 21.

This comes right after the SEC also backed off from a lawsuit against Coinbase, where they accused the exchange of running as an unregistered securities broker. OpenSea got hit with a Wells Notice last year, meaning legal action was on the table, but now? SEC is walking away.

The NFT world is celebrating, with Magic Eden’s Chris Akhavan calling it a win for the industry. Even crypto figure Beanie said it brings much-needed regulatory clarity.

Meanwhile, OpenSea isn’t slowing down. The platform is dropping its new SEA token soon, though the exact date is still unclear. But not everyone’s happy—some users have been roasting OpenSea’s recent airdrop rewards, saying it encouraged wash trading and ignored creators.

The SEC staying hands-off on NFTs could mean a regulatory shift, but they haven’t officially explained why they dropped the case. Either way, Web3 just dodged a bullet.

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Jeju Island Leverages NFT Cards to Boost Tourism in South Korea

Jeju Island’s dropping NFT-based “Tao” cards by 2025, offering discounts and perks to attract millennial and Gen Z tourists.



Jeju Island, South Korea’s tropical hotspot, is stepping into the future with NFTs to lure in more millennial and Gen Z tourists. Starting in 2025, the island will issue “Tao” cards—digital tourist passes powered by NFTs, connected to an undisclosed blockchain. These cards will give visitors discounts and travel perks, making it a new way to explore the island.

The plan targets the MZ generation, millennials, and zoomers who are all about unique experiences, digital innovation, and discounts. The Tao NFT lets tourists get sweet deals for attractions and activities, giving them more reasons to visit-and return. This is Jeju’s first foray into the NFT market, which is already linked to the island’s native stablecoin, Tamna Jeon, launched about 5 years ago. The stablecoin has been used to boost the local economy by rewarding residents and merchants with prepaid cards.

While South Korea has strict regulations with regard to NFTs, especially on gaming, Jeju hopes this new digital move will break through such hurdles and attract fresh faces. The Tao card is all about fusing technology with tourism for the benefit of its local economy-all in a cool mixture of perks for visitors. Looks like NFTs might just be the future of traveling, at least in Jeju!

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Ledger Wallet User Loses $2.5M in Bitcoin and NFTs to Phishing Scam

Summary: A Ledger wallet user has lost 10 Bitcoin and $1.5 million worth of NFTs after hackers exploited a phishing transaction from 2022. This incident highlights the importance of vigilance in securing crypto wallets and avoiding phishing traps.

The $2.5M Crypto Wipeout

A crypto user, known as “Anchor Drops” on X, shared their loss of 10 Bitcoin and $1.5 million in NFTs from their Ledger Nano S wallet. The attack was traced back to a phishing transaction they unknowingly approved in February 2022. The hacker stayed under the radar for nearly three years before draining the funds.

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How the Hack Proceeded

Blockchain security experts confirmed that the phishing transaction gave the hacker access to the user’s recovery phrase, allowing them to take control across multiple blockchains. Ethereum-based NFTs were targeted first, but the attacker also managed to drain Bitcoin holdings, leaving the community puzzled about how it happened.

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Staying Safe in Crypto

Ledger and blockchain experts stress the importance of reviewing token approvals and understanding wallet interactions. Phishing scams often rely on users overlooking small details. The takeaway? Be hyper-cautious with transactions and never share your recovery phrase—because even a hardware wallet can’t fix user mistakes.

NFT Sales Surge 16% Amid Crypto Market Turbulence

NFTs are back in the spotlight, with sales shooting up 16% this week and hitting a massive $224 million in trading volume. Even though the crypto market has been a wild ride—Bitcoin bouncing over $100K and Ethereum pulling back from its $4K high—NFTs are holding their ground and thriving.


Ethereum-based NFTs are still the MVPs, leading the charge with $118M in sales, up by 21%. Bitcoin’s NFTs aren’t far behind, raking in $52M. Solana, the rising star, had a 31% spike in sales, bringing in $22M. And guess what? Some underdog networks like Mythos Chain and ImmutableX are also making their mark with $11M and $8.5M in sales, respectively.

One collection that’s absolutely killing it is Pudgy Penguins. They saw a 45% jump in sales, hitting close to $30M. What’s their secret? They’ve gone beyond digital art and started selling physical merch and toys. It’s clear that blending the digital and physical worlds is a winning formula for them.

This surge shows NFTs are more than just a passing fad. Even with the sudden shifts in crypto, NFT market is proving time and again that it’s here to stay. More networks and creators are backing it up claiming there’s room for innovation and growth. Whether it’s art, collectibles, or new tech, NFTs are carving out a solid place in the digital economy. If this momentum keeps up, it’s safe to say NFTs are becoming a legit part of the future.

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Milady NFT Holders Hit Jackpot as CULT Memecoin Skyrockets After $207M Airdrop

CULT memecoin just dropped $207M worth of tokens to Milady NFT holders, with top peeps like Aave’s Stani snagging $100K! Launched by Remilia Corp, its FDV hit $600M+ fast, hyping the NFT world. CULT’s not just a meme coin—it’s a “memeplexcoin” driving a self-organized, meme-powered movement.

CULT memecoin is the latest craze, blowing up the crypto scene with a jaw-dropping $207M airdrop for Milady NFT holders. Big names like Aave’s Stani and Dragonfly’s Tom Schmidt cashed in, scoring $100K and $150K, respectively. The top recipient? A mind-blowing $2.22M!

The hype is real. CULT launched on Ethereum last Thursday, and its FDV shot past $600M instantly, peaking at $845M before settling around $630M. Created by Remilia Corporation, the brains behind Milady Maker NFTs, CULT isn’t your average meme coin. It’s labeled a “memeplexcoin” by Remilia’s leader, Charlotte Fang, who calls it an ecosystem coin for a self-organized, memetic movement. Fancy, right?

Half of CULT’s 10B token supply fuels the “Cult Fund,” with 50% used during launch and the rest saved for future seasons. Meanwhile, 15% is locked for the team with an 18-month vesting, and the treasury holds up to 35% with a six-month lock.

The launch came with a wild twist—massive airdrops targeting Milady Maker and Redacted Remilio Babies holders. CULT isn’t just a meme token; it’s flipping the NFT and crypto game. With projects like Pudgy Penguins eyeing the meme coin scene, CULT is setting the bar high for what’s next.

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Pudgy Penguins Overtake Bored Apes, Hit Crazy New Highs

Summary: Pudgy Penguins has just started and from the start it’s smashing expectations, hitting an Ethereum price higher than Bored Ape Yacht Club for the first time. This was all made possible thanks to their hyped-up $PENGU token.

Penguins Are Poppin’

Pudgy Penguins have officially stolen the spotlight, surpassing Bored Ape Yacht Club (BAYC) on Ethereum’s NFT price charts. As of Dec. 9, Penguins soared to 21.49 ETH ($83,930), outpacing BAYC’s 19.85 ETH. That’s a 7.1% jump in just 24 hours, with trading volume almost doubling to 2,653 ETH. Talk about a glow-up!

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The buzz is all about their upcoming $PENGU token. Dropping soon on the Solana blockchain, it comes with a jaw-dropping supply of 88 billion tokens. Of that, 25.9% is set aside for the community, 24% for another community initiative, and 11.48% stays with the company. Let’s just say, the Penguins are spreading the wealth.

Penguins vs. Apes

These adorable yet unstoppable penguins have captured the hearts of millions worldwide, with views and followers climbing into the billions. Their market cap is now 188,569 ETH, inching closer to BAYC’s 196,101 ETH.

But they’re not stopping here. Igloo Inc., which is now known as the mastermind behind this booming project Pudgy Penguin managed to raise an absurd amount of $11 million to launch Cubed Labs, a Layer 2 project aiming to make crypto easier for everyone. With their new ATH of 22.9 ETH on the horizon, it’s clear the Penguins are ready to waddle their way to the top.

These adorable yet unstoppable penguins have captured the hearts of millions worldwide, with views and followers climbing into the billions. Their market cap is now 188,569 ETH, inching closer to BAYC’s 196,101 ETH.

But they’re not stopping here. Igloo Inc., which is now known as the mastermind behind this booming project Pudgy Penguin managed to raise an absurd amount of $11 million to launch Cubed Labs, a Layer 2 project aiming to make crypto easier for everyone. With their new ATH of 22.9 ETH on the horizon, it’s clear the Penguins are ready to waddle their way to the top.

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