NFT Market Update 26th January 2023

Kevin Rose lost $2 million worth of NFTs after signing a malicious contract that allowed the hacker to transfer many valuable tokens.

Doodles released official details on its next project Doodles 2, which will launch on Flow blockchain.

The founders of Gemini-owned marketplace Nifty Gateway announced their plans to step down and start another company amid the Gemini Earn controversy.

Pudgy Penguins signed a partnership with LayerZero allowing for Lil Pudgys to travel seamlessly between multiple chains, starting with Polygon, BNB Smart Chain, and Arbitrum.

Solana News

Magic Eden’s co-founder shared data indicating that AMM, Coral Cube had the second-highest volume and transaction count over the last 7 days.

As a result of the 50% rise in Solana’s USD value in the last two weeks, daily NFT volume has halved from 320K to 160K SOL.