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PLBY Group, the parent company of Playboy, has disclosed significant losses on the Ether holdings it earned from an NFT collection it launched in late 2021. (Read More)
Identity crisis: Cofounder of doodles says it’s not an NFT project One of the co-founders of nonfungible token (NFT) project doodles says it is going to pivot away from being an “NFT project” to becoming a “leading media franchise.” In a March 18 post on the project’s Discord, one of the doodle’s founders, Jordan Castro [...]
The post Nifty News: Doodles ‘no longer an NFT project,’ Playboy bares all on NFT earnings and more appeared first on Crypto Breaking News.
According to its annual report, the company has incurred a $4.9 million impairment loss.
Playboy, a well-known adult publication, suffered an Ethereum impairment loss of $4.9 million due to the last year’s market-wide downturn. In an annual filing, PLBY Group [PLBY], the parent firm of Hugh Hefner’s Playboy stated that it began accepting ETH for its NFT initiative called “Rabbitars” launched in 2021. As of last year, the value […]
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