NFT Update: Former OpenSea exec found guilty; Vibe raises $4m; plus Palm releases generative art tool

1 min read  ·  04 May 2023

Jeremy Cowart, 'Auras', courtesy of the artist.

Jeremy Cowart, 'Auras', courtesy of the artist.

News

  1. Nate Chastain, former OpenSea Head of Product, has been found guilty of wire fraud and money laundering in his NFT insider trading case.
  2. Photographer Jeremy Cowart created a 10k NFT collection in 20 minutes in a live performance in Nashville on Tuesday.
  3. Generative audio-visual artist 0xDEAFBEFF has released a new NFT project in partnership with the Los Angeles County Museum of Art.
  4. NFT utility platform Vibe has raised $4m in a seed funding round.
  5. Palm NFT Studio has released a new generative art tool for creators.

Data

  1. The Top 3 NFT Sales over the past 24 hours were CryptoPunk #9284 for 72 ETH ($136k), Bored Ape Yacht Club #5699 for 58 ETH ($110k), and Bored Ape Yacht Club #8260 for 55 ETH ($104k).
  2. The Top 3 NFT Collections by Volume over the past 24 hours were Mutant Ape Yacht Club with $2.6m (-26%), Azuki with $1.9m (-78%), and CryptoPunks with $1.7m (-11%).
  3. The Top 3 NFT Marketplaces by Volume over the past 24 hours were Blur with $11m (-43%), OpenSea with $2.5m (+29%), and X2Y2 with $1.3m (+55%)
  4. The Total Crypto Market Capitalisation is $1.24t, a 1.9% increase over the past 24 hours.