Blockchain
March 17, 2023
Playboy’s Ethereum Bid Led to $4.9M in Losses
PLBY Group, Playboy’s parent company, has lost $4.9 million because of the sharp declines across the cryptocurrency space. The company had sold its Rabbitars NFTs for Ethereum, which has now lost much of its value. Playboy launched its NFT line in 2021 and accepted Ethereum as a payment method for the tokens. However, the price […]
