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News
Industry confident in NFTs amid FTX collapse: Nifty Newsletter, Nov. 16–22
Despite the effects of the FTX debacle, many industry players remain positive and hopeful that NFTs will recover.
In this week’s newsletter, read about how a nonfungible token (NFT) protocol was affected by the FTX collapse leading to layoffs. Despite the effects of the FTX collapse, industry players within the NFT space are still confident in the recovery of NFTs. Meanwhile, Disney brought back metaverse-backer Bob Iger as its CEO, and check out how NFTs have taken center stage at Formula 1. And, don’t forget this week’s Nifty News featuring China-based tech companies offering FIFA World Cup fans a metaverse-like viewing experience of the soccer event.
Nickel Digital, Metaplex and others continue to feel the impact of FTX collapse
Due to the effects of the FTX collapse, NFT protocol Metaplex has laid off members of its Metaplex Studios team. According to the firm’s CEO Stephen Hess, the collapse of the FTX crypto exchange has indirectly impacted their business. Because of this, the firm is taking a “more conservative approach” as they move forward.
Hess also highlighted that Metaplex is the base layer of the Solana NFT ecosystem. The NFT executive mentioned that it’s their responsibility to ensure the sustainability of the protocol for its community.
Industry expresses confidence in the NFT space amid the FTX collapse
Despite the troubles brought about by the FTX debacle, NFT industry players continue to have hope in the space. Cointelegraph spoke with several people working in the space to ask about their perspectives on how the space will recover from the bear market and FTX’s collapse.
Oscar Franklin Tan, an executive at NFT platform Enjin, says the space will stabilize and consolidate around the strongest communities. By then, the space will see a second generation of “smarter, more sustainable NFT models.”
Disney brings back Bob Iger as CEO: Here’s the crypto connection
Bob Iger, known as a metaverse backer, has returned as the CEO of Disney to replace Bob Chapek. The executive is known within the crypto space after working with the digital avatar platform Genies.
Back on Dec. 28, the company filed a metaverse patent while Iger was still working at the firm as an executive and board chairman. Despite this, the company said at the time that there were no plans to use the patent yet.
NFT rides shotgun as Red Bull Racing closes out F1 season
NFTs took center stage as Formula 1 closed out its 2022 season. Red Bull Racing, the team with crypto exchange Bybit as its partner, dominated the racing tournament. With this, the logo of Bybit will be featured along with an NFT artwork called Lei the Lightning Azuki.
The Lei Azuki NFT is one of the pieces within the anime-inspired Azuki NFT collection that features 10,000 NFTs. The NFT is listed at around $11,000 worth of Wrapped Ether (wETH) at the time of writing.
Nifty News: Chinese firms to offer World Cup metaverse viewings, X2Y2 backtracks on royalties and more
As the FIFA World Cup commenced, tech companies based in China have offered Metaverse-like experiences that allow soccer fans within the country to access the World Cup within the Metaverse. Meanwhile, NFT marketplace X2Y2 has backpedaled on its opt-in royalties announcement, signaling that it will be enforcing royalties on all existing and upcoming collections.
Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.
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09.10.25 11:05
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11.10.25 04:41
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11.10.25 10:44
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12.10.25 01:12
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12.10.25 01:12
harristhomas7376
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12.10.25 19:53
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12.10.25 21:36
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13.10.25 01:11
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13.10.25 01:11
elizabethrush89
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01:15
tyleradams
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08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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