Playboy Loses $4.9M on ETH Received as NFT Payments
full version at dailycoin
- Playboy accepted ether (ETH) as a payment method for its NFT collections.
- According to its annual report, the company has incurred a $4.9 million impairment loss.
Many mainstream companies are still reaping the horrors of the 2022 crypto winter, finding new leaky holes in their ship. In an annual report shared by the raunchy lifestyle magazine, Playboy found a massive $4.9 million gap in its balance sheet.
The main culprit? The ether (ETH) Playboy accepted as payment for NFTs.
Still Cold from Winter
Playboy Group, the parent company of the iconic Playboy magazine, announced that it incurred an impairment loss of $4.9 million on the ether (ETH) it accepted as...
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