Animoca Brands’ Yat Siu sees NFTs as a way to protect ownership in the age of AI

NFTs don’t always get taken very seriously, particularly now that AI and content creators are hogging the spotlight, but not everyone is so quick to discount crypto’s oft-derided younger sibling.

Farcaster hype grows, Bluesky opens to the public and SEC’s Hester Peirce is open to new token proposals

Hello and welcome back to the fourth edition of the new and improved TechCrunch Crypto newsletter. Let’s get into the big headlines.

OpenSea takes the long view by focusing on its UX even as NFT sales remain low

The NFT space has lost a lot of its sparkle over the past few years, but that hasn’t stopped some founders, investors and projects from trucking along in hopes of another surge.

X removes support for NFT profile pictures

On Tuesday, Elon Musk’s X wrote about a grand vision for the company in 2024, which includes launching peer-to-peer payments and more AI-powered tools. Amid all this, the company silently remove

Sony’s new ‘digital birth certificate’ for imaging tech smells a lot like NFTs

Sony is breaking new ground in the ongoing NFTs and content authenticity saga. At CES 2024 in Las Vegas, the conglomerate known for its electronics, gaming, and entertainment products has announced th

Logan Paul promises CryptoZoo refunds, as long as you don’t sue him

Logan Paul is offering refunds for CryptoZoo, the failed and allegedly fraudulent Pokémon-inspired NFT game that he launched in 2021. The catch? You can’t sue him if you get a refund. In an X (

Why Puma is sticking to its web3 bets as crypto shakes off a long winter

While some brands moved away from web3 in 2023 during a long crypto winter, Puma stayed the course and its head of emerging technology, Ivan Dashkov, told TechCrunch+ it has no intentions of leaving.

Love ’em or hate ’em, NFTs can survive thanks to the communities that drive them

NFTs get a lot of heat, but there’s a widespread belief in the industry that there’s ample value underlying the concept and the various use cases it brings.

AR platform Really launches ‘Fandime’ NFTs to reward users with exclusive movie-related content

Traditionally, being a hardcore movie fan means collecting physical memorabilia like autographed posters to show dedication. However, in recent years, a number of companies have started betting on dig

Sona launches its music streaming platform and marketplace to reward fans for buying ‘digital twins’ of songs

Sona is a new web3 streaming protocol that uses DeFi primitives (decentralized finance basic building blocks) to put the financial power back into artists’ hands with its rewards model, auctions and

Crypto market showing signs of recovery as prices, NFT sales rise on the month

Welcome back to Chain Reaction. The crypto market and overall ecosystem may be showing signs of recovery after a prolonged bear market.

Taproot Wizards raises $7.5M for its Ordinals project to bring the ‘magic’ back to Bitcoin

Taproot Wizards, a Bitcoin-focused Ordinals project, is trying to change the way the blockchain is perceived.

Pudgy Penguins’ approach may be the answer to fixing NFTs’ revenue problems

The company's toy-focused expansion is its bet that NFTs should have a broader presence, one that’s not limited to the digital world.

Mila Kunis and Ashton Kutcher’s ‘Stoner Cats’ NFTs get smoked by the SEC

It’s been a disastrous week for Mila Kunis and Ashton Kutcher, and it’s only Wednesday. The SEC has charged the Hollywood power couple’s NFT-based web series, “Stoner Cats,&#82

Monthly NFT sales fell for fifth consecutive month to $495M in July

Welcome back to Chain Reaction. The NFT space isn't doing too well right now. It seems like there’s a new project being launched every week, but there’s less and less money being spent in the spac

Coinbase Wallet launches messaging feature so users can interact directly on its platform

Coinbase Wallet, one of the biggest self-custody crypto wallets globally, is launching a direct messaging feature so users can interact with one another through its platform, the company shared exclus

Magic Eden CEO talks multichain expansion and what’s next for the NFT platform

Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by bloc

NFT avatar enabler GoodGang has the blessings of Korean giants Kakao and Naver

Critics have long discredited non-fungible tokens as overpriced JPEGs sold by people who want to make quick bucks. NFT believers want to prove them wrong and show that these certificates of digital ar

Pudgy Penguins wants to use its NFT-inspired toys to bring IP to the real world

Pudgy Penguins, an NFT collection that also doubles as a web3 IP company, is releasing a line of toys dubbed Pudgy Toys.

Pudgy Penguin’s $9M seed round could point to a growing NFT industry

Welcome back to Chain Reaction. Earlier this week, Pudgy Penguins, an NFT collection that also doubles as a web3 IP company, raised $9 million for its seed round. Why does this matter? Pudgy Penguins
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