NFT Market Update 24th March 2023

Do Kwon, the Terraform Labs co-founder who presided over the crash of LUNA and the algorithmic stablecoin UST, has been found and arrested in Montenegro.

The Arbitrum website crashed as many users attempted to claim their airdrop, which traded as low as $1.1 yesterday but has risen to approximately $1.5.

The SEC has issued an investor alert relating to cryptocurrencies, suggesting that investments in crypto can be “exceptionally volatile and speculative”.

Ledger announced user access to NFT Pinning services which ensures that NFTs have increased availability on IPFS, instead of relying completely on metadata being saved on private servers.