- Metaplex launches Core, a new NFT standard on Solana, to simplify minting and enhance functionality.
Metaplex has launched a new standard for NFTs on Solana named Core. Designed to reduce complexity and minting costs, Core enables data to be stored in a single on-chain account. It also introduces a plugin system that allows users to extend Core asset functionality. The launch coincides with the announcement that 50% of all protocol fees will be used to purchase MPLX to decentralize the Metaplex protocol further.
Tuesday, March 26, 2024 NFT game Munchables, built on Blast, an Ethereum L2 network, experienced an exploit by a North Korean hacker, losing $62 million in the process. The Blast team was able to recover the stolen funds.
CryptoPunk #5822 was recently sold in a private sale, though the price remains undisclosed - the Punk previously sold for 8K ETH (~$23.7M) in February 2022.
NFT marketplace OpenSea has received a Wells Notice from the SEC, indicating the regulator's interest in pursuing enforcement action against the company. Considering NFTs as securities significantly expands the SEC's regulatory power in the crypto space. OpenSea's CEO has vowed to fight the notice and pledged $5 million to support NFT creators and developers who may face similar scrutiny.