OpenSea product chief accused of flipping NFTs using insider information

OpenSea, the biggest NFT trading marketplace, said today that one of its employees used internal information to buy NFTs that were about to be featured on its homepage — and likely spike in value. Accusations were made against OpenSea’s head of product, Nate Chastain, last night after a community member publicized suspicious transactions from his wallet. Source: Read More …

Genius Acquired for $80 Million by MediaLab, 

Genius Media, the widely used lyrics-database company formerly known as Rap Genius, has been acquired by app and internet media holding company MediaLab for $80 million. With the acquisition, MediaLab is making layoffs at Genius, according to Bloomberg, which first reported the sale. Genius and MediaLab would not confirm how many employees are being pink-slipped. Source: Read More …

Brazil’s SOCINPRO partners with Unison for Pan-European collection

Brazilian CMO SOCINPRO and Barcelona-based Independent Management Entity (IME) organization Unison have signed a partnership to collect mechanical and public performance digital publishing rights for SOCINPRO’s members in all European territories. This collaboration agreement mandates Unison to collect digital publishing rights, both mechanical and public performance, on behalf of SOCINPRO for these territories. Source: Brazil’s SOCINPRO partners with Unison for Read More …