Playboy Accepts Ethereum As NFT Payments And Ends Up Losing $5 Million

Playboy Accepts Ethereum As NFT Payments And Ends Up Losing $5 Million


Bitcoinist
2023-03-17 09:58:02

Playboy, founded by the late Hugh Hefner, announced a staggering impairment loss of $5 million on its Ethereum holdings from last year. The company attributed the loss to the prolonged crypto winter that had a significant impact on the broader market, causing a decline in cryptocurrency prices. During the pinnacle of the crypto market in