Playboy Loses Nearly $5 Million on Ethereum ($ETH) Accepted for NFT Collection

The parent company of Playboy, PLBY Group, has reported an impairment loss of $4.9 million on the Ethereum ($ETH) it held last year, which was received after it accepted the cryptocurrency as a payment method for a non-fungible token (NFT) collection. Back in 2021, PLBY Group accepted Ethereum as payment for its “Rabbitars” NFT collection, […]