NFT sales volume dropped to 20-month lows, while the rapper's latest NFT was removed from trading platforms over copyright infringement.
Total volume across music NFT projects decreased in March despite some high-profile entrances into Web3.
The artists were charged as part of a larger investigation into crypto company Tron Foundation Limited and its founder, Justin Sun.
Sales ticked higher thanks to drops from top artists including Armin van Buuren and Styles P, but overall NFT volume ended 2022 way down from January highs.
The month lacked major Web3 music launches, so independents filled the void as overall sales volume dropped more than 70%.
Bitcoin bubble, toil and trouble, it’s not much good so losses double.
Up to $1.5 million worth of Coachella NFTs appear to be “disabled” after disgraced crypto exchange FTX filed for bankruptcy.
The reality star is cooperating with the SEC's investigation over an undisclosed fee for promoting the EMAX token.
