Nike Inc.'s (NYSE: NKE) RTFKT has granted new utilities to CloneX’s holders, including commercial rights to the non-fungible tokens (NFTs).
The Nike-owned web3 brand looks to permit NFT holders to create fan art, make avatar-based merchandise and launch derivative projects.
The past month has witnessed an extreme downturn in the crypto market. The current market cap of the cryptocurrency sector sits at $947 billion, down from its all-time high of more than $3 billion.
As cryptocurrencies continue their bearish downtrend over the past few months, numerous crypto firms globally are facing severe liquidity crises and a capital bleed-outs. Consequently, uncertainty looms over the job market in the crypto sector.
The Solana (CRYPTO: SOL) network has experienced 12 outages in the past year. As a result of this, Solana’s price has experienced extreme volatility. Solana is currently trading at $36.44, down from its all-time high of $260.06.
Stablecoins represent a class of cryptocurrencies that are meant to preserve value over time. Unlike traditional cryptocurrencies, stablecoins obtain their value from an underlying asset or algorithm.
Anonymous, the infamous hacker collective, has pledged to join the investigation into Do Kwon now being undertaken by governments to hold the Terra (CRYPTO: LUNA) founder accountable for his actions.