NFT Market Update 10th May 2023

Pudgy Penguins announced a $9 million seed round, which will primarily be used to scale the company’s intellectual property, grow the team, and enhance its offerings for its expanding community.

Former Coinbase employee Ishan Wahi was sentenced to two years in prison for insider trading, after leaking information about the exchange’s upcoming crypto listings to his brother.

Microsoft, Goldman Sachs, Deloitte, and others are collaborating to develop Canton, a new blockchain network designed for financial institutions, set for testing in July.

Binance announced that Bitcoin ordinals would soon be added to its NFT marketplace, further expanding the platform’s multi-chain ecosystem.

OpenSea Pro introduced a feature that allows users to purchase NFTs using $PEPE.