OpenSea launches $1 million NFT reserve with CryptoPunk as inaugural acquisition
OpenSea announced a $1 million NFT reserve fund dedicated to acquiring culturally significant art on its platform, beginning with CryptoPunk #5273. A cross-functional team will guide future purchases to build a living collection. The initiative marks a shift toward strategic NFT treasury management.
Kevin O’Leary Labels NFTs a Fad During $13M Card Purchase
Investor Kevin O’Leary described nonfungible tokens as a passing trend after acquiring a $13 million collectible card. The purchase underscores ongoing speculation in high-end digital and physical collectibles amid waning interest in NFT markets.
Solana co-founder brands memecoins and many NFTs “digital slop”, igniting community row
During a July 28 debate on X, Solana co-founder Anatoly Yakovenko likened memecoins and most NFTs to “digital slop” comparable to loot-box rewards, prompting backlash from creators even as data shows memecoins generated 62 % of Solana dApp revenue in June.