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Coinbase has approved purrLabs, Inc. to launch a Creator Fund utilizing the Mr. Miggles brand, a popular feline character from its NFT campaign. The initiative aims to support creators by channeling revenue from the successful meme coin associated with Mr. Miggles, which has gained over 175,000 holders and is listed on 30+ exchanges. purrLabs plans to expand Mr. Miggles' global presence and explore innovative products, bridging the gap between digital and physical experiences.
This December, four altcoins are gaining traction: HyperLiquid, a layer-1 blockchain for perpetual swaps; AI6Z, an AI agent development framework; Magic Eden’s ME token for cross-chain NFT trading; and Pudgy Penguins’ PENGU token, which aims to enhance crypto culture. Crypto influencer Lark Davis highlights their innovative technologies and market momentum, while cautioning investors about the inherent risks in the volatile crypto landscape.
Ethereum led NFT sales with a weekly volume of $187 million, marking a strong start to December and a 44% increase from the previous week. However, the NFT space faces challenges, including scams that resulted in significant losses for victims, prompting law enforcement action against fraudulent marketplaces. Meanwhile, Magic Eden's new token launch faced technical issues, leading to a rapid decline in value, yet industry experts remain optimistic about the future potential of NFTs across various sectors.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
coinbase partners with purrlabs to launch creator fund featuring mr miggles
22:31 16.12.2024
four altcoins gaining traction in the crypto market this december
07:00 14.12.2024
ethereum leads nft sales as market shows strong growth and challenges
07:27 12.12.2024
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