CryptoBlog n.1022
The UK Advertising Standard Authorities (ASA) accuses Crypto.сom of misleading advertising. The ASA says that the company's Facebook ad, which showed how to purchase NFTs in the app, was misleading because it failed to illustrate the risk of investing in NFTs and didn't clarify that fees would apply.
CryptoBlog n.1021
Based on a report by CNBC, citing an internal email obtained, Sports apparel and memorabilia firm Fanatics is selling a 60% stake in sports-focused NFT company Candy Digital to a group led by Galaxy Digital. Galaxy Digital set up Candy Digital along with entrepreneur Gary Vaynerchuk and Fanatics in the middle of 2021 during a booming period for the sports NFT market. In Oct. 2021, Candy Digital raised $100 million in a Series A funding round at a $1.5 billion valuation.
CryptoBlog n.1020
Cryptocurrency firm Genesis has announced it has cut 30% of its staff as part of the second round of layoffs in less than just six months. A spokesperson from the company said, "As we continue to navigate unprecedented industry challenges, Genesis has made the difficult decision to reduce our headcount globally."
CryptoBlog n.1019
Game of Thrones finally dropped their highly anticipated NFT launch, and it sold out in just 7 hours after its release on Nifty's NFT marketplace. Many on Twitter are now complaining over the quality of the collection's art, especially when compared to the quality of the show's art direction and visuals.