Marc Cuban wallet dumps NFTs, market volume drops 45%: Nifty Newsletter

In this week’s newsletter, read about Japanese game company Konami partnering with Avalanche on a new non-fungible token (NFT) platform. Check out how Bitwise’s advertisement can be minted as an NFT, and get the latest on the wallet owned by billionaire Marc Cuban’s selling NFTs. In other news, digital collectibles market volume dropped by 45% in the second quarter of 2024. 

Konami partners with Avalanche for Resella NFT platform launch

Konami Digital Entertainment has partnered with the Avalanche blockchain to launch “Resella,” a new NFT platform. This new solution aims to simplify Web3 services, making it easier for companies to adopt blockchain technology.

Resella eliminates the need for external Web3 wallets, allowing transactions in Japanese yen, which caters to Japan’s market. It also aims to bridge traditional gaming and Web3, offering new social experiences and streamlined NFT transactions.

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Bitwise’s latest Ethereum ad can be minted as an NFT

Bitwise launched its first spot Ether (ETH) exchange-traded fund (ETF) commercial with a Web3 twist. NFT enthusiasts can mint the 39-second clip on Ethereum. The proceeds will go to the actors, and a collective funding mechanism will be created by Ethereum core contributors.

Bitwise called the ad “a piece of history” and featured a young man representing Ethereum and an older man symbolizing “Big Finance.” The ad, themed around Ethereum’s constant operation, contrasts it with traditional finance’s limited hours.

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Marc Cuban wallet seen dumping NFTs after two years of inactivity

Billionaire Marc Cuban’s crypto wallet resumed activity on June 23, selling NFTs after nearly two years of dormancy. The wallet, with the Ethereum Name Service domain “markcuban.eth,” offloaded various NFTs, including EulerBeats Genesis, DeepBlack, Pudgy Penguins and Wrapped MoonCats.

Cuban’s NFT sales coincide with a security breach involving his Gmail account on June 23. The investor revealed in a social media post that his account…


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