The decision by Yuga Labs, which bought the projects earlier this year, helps answer the question of what NFTs are good for.
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The bankrupt crypto firm is also short of $2.8 billion in crypto assets, the court filing reveals.
The company said the combination of falling bitcoin prices and high global energy prices presented a “challenging earnings environment.”
Recursive proofs could bundle tens of millions of NFTs off-chain to help streamline Ethereum.
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Inflation is still hovering near 40-year highs, and many analysts expect the Fed to continue with its interest rate hikes. Therefore, the stock market is expected to remain under pressure….Read More
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Bitcoin (BTC) briefly broke through the psychologically significant $25,000 mark in overnight trading, before paring those gains during U.S. trading hours. The largest cryptocurrency by market capitalization reached as high as $25,212 early in the U.S. trading day before retreating to its current level above $24,000.