Farokh: we are early
What you guys think?!
Are we in the beginning?
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What you guys think?!
Are we in the beginning?
Leave a Comment
BINANCE WILL DELIST NFTS WITH LOW TRADING VOLUME
Binance will delist NFTs with low trading volume on its platform starting next month as it revamps its KYC rules. The move comes two days after the platform was implicated in a money laundering scandal by FinCEN.
According to a company statement made on January 19, the platform will delist all NFTs listed before October 2, 2022, and lack an average of $1,000 in daily trading volume between November 1, 2022, and January 31, 2023. Also, as part of the new rules, artists can only mint 5 NFT per day.
In the past, Binance NFT didn’t ask much of its users. As long as a seller completed the KYC verification and had at least two followers, they could proceed to list their NFTs. However, moving forward, the company will engage in periodic reviews of NFTs and delist those that don’t meet its criteria.
Binance will delist NFTs with low trading volume on its platform starting next month as it revamps its KYC rules. The move comes two days after the platform was implicated in a money laundering scandal by FinCEN.
According to a company statement made on January 19, the platform will delist all NFTs listed before October 2, 2022, and lack an average of $1,000 in daily trading volume between November 1, 2022, and January 31, 2023. Also, as part of the new rules, artists can only mint 5 NFT per day.
In the past, Binance NFT didn’t ask much of its users. As long as a seller completed the KYC verification and had at least two followers, they could proceed to list their NFTs. However, moving forward, the company will engage in periodic reviews of NFTs and delist those that don’t meet its criteria.
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Yuga Labs Founder Taking Leave of Absence for Health Reasons
Moments ago, Wylie Aronow, one of the co-founders of Yuga Labs, announced that he would be taking a leave of absence from the company for health reasons. In a tweet, Aronow (better known by his pseudonym, Gordon Goner) stated that he had been diagnosed with congestive heart failure by his doctor. “Symptoms started last year out of the blue and I put off seeking help (like an idiot) so I could keep working. But after testing, my doctor called and asked me to radically change my life,” he wrote.
In order to tend to his health, Aronow said he would be stepping down from his role at Yuga. “I’m going to be taking a leave of absence to focus on my health for a while,” he wrote. —link
Moments ago, Wylie Aronow, one of the co-founders of Yuga Labs, announced that he would be taking a leave of absence from the company for health reasons. In a tweet, Aronow (better known by his pseudonym, Gordon Goner) stated that he had been diagnosed with congestive heart failure by his doctor. “Symptoms started last year out of the blue and I put off seeking help (like an idiot) so I could keep working. But after testing, my doctor called and asked me to radically change my life,” he wrote.
In order to tend to his health, Aronow said he would be stepping down from his role at Yuga. “I’m going to be taking a leave of absence to focus on my health for a while,” he wrote. —link
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