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NFT Update: PROOF reveals 'Grails IV' artists; Sotheby's named in Bored Ape Lawsuit; plus Kraken Ventures looking to raise $100m

1 min read  ·  14 Aug 2023

Hideki Tsukamoto, 'PROOF Grails IV #10'.

Hideki Tsukamoto, 'PROOF Grails IV #10'.


  1. PROOF has revealed the artists behind its ‘Grails IV’ NFT collection.
  2. Sotheby’s has been accused of providing misleading information and named as a defendant in an ongoing lawsuit between Bored Ape Yacht Club owners and MoonPay.
  3. Coca-Cola has released an NFT collection on Coinbase’s layer-2 network Base.
  4. Crypto media firm CoinDesk has laid off 20 employees, representing 45% of its editorial staff.
  5. Web3 advertising start-up HypeLab has raised $4m in a seed funding round.
  6. Kraken Ventures is seeking to raise $100m for its second crypto fund.


  1. The Top 3 NFT Sales over the past 24 hours were CryptoPunk #5342 for 60 ETH ($111k), CryptoPunk #3306 for 59 ETH ($108k), and CryptoPunk #4933 for 48 ETH ($90k).
  2. The Top 3 NFT Collections by Volume over the past 24 hours were DeGods with $2.6m (+7%), Bored Ape Yacht Club with $1.9m (-50%), and Mutant Ape Yacht Club with $883k (-48%).
  3. The Top 3 NFT Marketplaces by Volume over the past 24 hours were Blur with $8.4m (-18%), OpenSea with $2.3m (-3%), and Immutable X Marketplace with $741k (-5%).
  4. The Total Crypto Market Capitalisation is $1.22t, a 0% change over the past 24 hours.