Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Coca-Cola's recent NFT launch on Coinbase's Base chain amasses over $450,000, marking a significant uptick as major brands typically falter in NFT secondary markets.
On Sunday, Coinbase announced the collection launch as part of its "Onchain Summer" initiative, and minting commenced at noon in New York.
The collection, featuring an artistic fusion of classic and contemporary elements with iconic Coke bottles, has garnered considerable popularity among collectors in its initial days. Nearly 60,000 Masterpieces have been minted, generating over $450,000 in revenues. Minting is scheduled to conclude on Wednesday at 12 pm ET.
Remarkably, despite its relatively short existence, the Masterpiece contract addresses already account for eight out of the top 50 most active collections on Base in terms of transfers within a 24-hour period. Among the 3,000 individual NFT collections on the platform, the Masterpiece series has captured traders' attention.
The proceeds from selling the classic painter-themed collections, including Vermeer, Munch, and Van Gogh, have been directed to a secondary address, accumulating over 192 ether (ETH) worth $360,000. Additionally, separate addresses for contemporary artists have garnered $88,000.
As a burgeoning hub for NFT traders, the Base chain continues to attract attention within the digital collectibles market. Recent data from two Dune Analytics dashboards reveals a steady increase in transfers for two popular NFT standards, ERC-721 and ERC-1155, with Base representing more than 10% of the total multichain volume for both standards.
Despite the impressive initial response, investors in the Masterpieces collection may face challenges in terms of profitability. Historically, purchasing NFT collections from well-known brands has proven to be a challenging endeavor for traders.
For instance, Budweiser's Budverse Cans: Heritage Edition collection, featuring digital renditions of stylized historical beer cans, experienced a notable decline in value after its launch in November 2021. The floor price plummeted to 0.1 ETH with limited transaction activity, representing a 63% drawdown.
Photo: Pawel Czerwinski/Unsplash
