For the first time since last June, the market failed to hit $1 billion in trades. NFT users have now resorted to liquidating their investments, anticipating better market prospects. A new report by DappRadar, shared with CryptoPotato, suggests that this trend of “trading blocking” will continue till the crypto winter has passed. But during this...Read More
Major social media platform Meta announced the support of non-fungible tokens (NFTs) for Instagram creators and businesses in additional 100 countries while also integrating with the Flow blockchain, Coinbase Wallet, and dapper. According to an updated blog post on Thursday (August 4, 2022), Instagram users in 100 countries in the Asia- Pacific, Africa, the Americas,...Read More
American jewelry brand Tiffany & Co. announced the launch of its new NFT collection. Dubbed “NFTiff,” the sale of the series is slated for August 5th. The initiative is led by Alexandre Arnault, the luxury retailer’s recently appointed executive vice president of product and communications and former president of Rimowa. We’re taking NFTs to the...Read More
Monthly returning buyers of Ethereum-based NFTs bounced back to 45,000 in June after seeing less than 35,000 in May, according to blockchain analytics service Nansen’s Q2 NFT report. The firm analyzed six indexes of NFTs denominated in ETH, finding that the gaming index got hit the most, 59.6% down from the beginning of the year....Read More
Prominent NFT marketplace – Magic Eden – has announced the launch of a new venture capital fund that will focus primarily on investments in Web3 games. According to the official press release, with the new gaming investments arm, called Magic Ventures, the company expects to tap the “next wave of creativity and innovation in Web3...Read More
DappRadar published the latest edition of its quarterly report, focusing on how the fall of Terra, Celsius, and 3AC have changed the blockchain landscape as the liquidity crisis deepened, impacting major CeFi players. In addition, the document dives into the fierce competition among NFT marketplaces, stating that OpenSea’s dominance continued to shrink in Q2. CeFi...Read More
Leading non-fungible token (NFT) marketplace OpenSea reportedly blacklisted some major NFT collections valued at over $27 million. However, many users have criticized the platform for not carrying out due diligence when marking an item as stolen. The Cost of OpenSea’s NFT Blacklisting According to this Dune Analytics dashboard created by on-chain sleuth beetle, several token...Read More
American social media platform Reddit has launched a new blockchain-based marketplace and a collection of collectible avatars. They can be used as profile pictures and purchased for a fixed price ranging from $9.99 to $99.99. “In this series, Collectible Avatars are limited-edition avatars made by independent artists, in partnership with Reddit, and provide owners with...Read More
Chinese tech giants join the state-backed efforts in regulating the digital collectibles by voicing support for the “self-discipline initiative” that ensures identity checks on users, adheres to the country’s ban on cryptocurrency and prevents the speculation of digital assets. Tech Giants Tiptoeing In Line With Authorities According to the statement by the China Cultural Industry...Read More
Twitter and YouTube accounts of the British Army were simultaneously hacked on Sunday and used for promoting two different crypto scams. However, by Sunday evening, the compromised accounts had been restored to normal, media reports said. Cyber Attack The unknown hackers changed the account details to make them look in sync with the crypto scams they...Read More
The US Department of Justice (DOJ) has indicted 6 people in 4 different cases of cryptocurrency frauds, including Baller Ape NFT rug-pull, worth nearly $130 million. Baller Ape NFT Scam According to a release from the agency, Vietnamese national Le Anh Tuan, 26, pulled down the website and fled with investors’ money after the first-day public...Read More
In a quick-paced development, XCarnival, describing itself as a Metaverse Asset Bank, lost over 3,087 ETH to a hacker and negotiated the return of half of the funds less than 24 hours after the incident. Exploiting a flaw in its smart contract, the attacker used a Bored Ape Yacht Club NFT, which was already withdrawn...Read More
The current situation of the Cryptocurrency market is where the vast cryptocurrencies have been blown away with volatility as bulls and bears are playing around. However, despite the crypto market having a tough time, it looks like the NFT volume and holdings are surging, outperforming last year’s surge. Specifically, the crypto market has been stuck...Read More
Long-term cryptocurrency investors realise the necessity of diversifying their portfolios by purchasing low-cap and high-cap coins. Investing in a penny cryptocurrency during its ICO phase can help you construct a well-rounded portfolio with a wide range of assets. We’ll look at two well-known cryptocurrencies trading under $1 as well as a brand-new entry, to see...Read More
After a notable rally in 2021 a couple of times, 2022 appears to be pretty relaxed, maintaining a squeezed rally. Traders appear to extract their profits with just a minor spike and compel the prices to chop around the lower levels. However, in the upcoming days, the space may witness a significant change which may...Read More
Image by Amber Vittoria By Sanchan Saxena, VP of Product, Ecosystem Products gm NFT Community, Last year we announced Coinbase NFT, a Web3 social marketplace for NFTs. Since then, we’ve been building in the open and getting input from the NFT community. We shared previews of our progress with collectors and creators and received amazing...Read More
Justin Sun, the founder of TRON, has successfully won the bid on Twelve Chinese Zodiac Heads last week. This unique collection was put on the Twelve Digital Zodiac Heads Special Auction hosted by Metapoly XM, a brand under Poly Auction (Xiamen) last week and was purchased at a hammer price of around ¥9,832,500 (around 1,545,000...Read More
Non-fungible tokens (NFTs) and the metaverse are making it possible for people to exist within virtual spaces. This relatively new area of innovation falls under the cryptocurrency ecosystem, which touts a market capitalization of $2.2 trillion as of press time. Most notably, NFTs are being launched on various blockchains, with stakeholders pivoting to faster Layer-1...Read More
Synthesis NFT will be used in Rony Club which will open at the end of March. Paradigm shift in NFT market. NEURONswap, a decentralized exchange(DEX), announced that it will launch the first ‘Synthesis NFT’ of all mainnet networks at Rony Club which will open at the end of this month. There are 3 types of...Read More
The Axie Infinity price since the early trading hours manifested huge bullish momentum at regular intervals. Yet on reaching a specific resistance, the AXS price plunged drastically, mounting huge selling pressure. While in these conditions the price is expected to plunge to lower support may occur shortly. However, a notable plunge may hinder the rally...Read More
Space Convicts Deep Space – February 22, 2099 Advertisement A mass arrest was recently conducted amongst Punks and Apes after a careful police investigation. The culprits, known as the “Space Convicts”, were placed in space prison awaiting trial. Unfortunately, this has led to gang riots, infighting and recurring breakout attempts. Rumor has it that gangs...Read More
Cryptocurrencies got famous way long back in 2009 with their underlying Blockchain Technology. Along with cryptos we have also witnessed other digital assets, such as NFTs that are becoming increasingly popular among investors. Advertisement The ongoing craze of NFTs has taken over the world providing brand new opportunities for enterprises and many ideal investors. As...Read More
After a very short-lived rally, the crypto space is yet again plunging hard as the weekend approaches fast. The DeFi and the NFT space are also following the traditional cryptos and plunging very hard. Advertisement Decentraland(MANA) The rally in the recent past have weakened the rally to a large extent as the calculations and the...Read More
Analyzing a new contender for NFT marketplace dominance Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Connor Dempsey, Justin Mart, & Mike Cohen (WE’RE HIRING) Only in crypto can a platform built by anonymous founders come out of nowhere to challenge an industry leader, all in a matter...Read More
The folks from the global crypto market continue their exploration drive to bag potential NFTs. As the hunt for virtues from the diverse sectors of the business grows fierce. Savvies are expecting, NFTs to drive a majority of the crypto adoption over the next decade. Since, NFTs are more about art, fun, and elite symbol...Read More
Functional nonfungible tokens are set to play a bigger role in the PlayMining Metaverse with the launch of its first collection of “Land NFTs” in the coming months. Advertisement The PlayMining Metaverse is home to popular play-to-earn games such as JobTribes, the card trading game, Puzzle×JobTribes and Lucky Farmer, and is dominated by so-called “Creator...Read More
Several world records were set by CryptoDragons in its first round of CryptoDragons NFT Eggs Reservation. Advertisement Reports say that in less than 10 seconds, the first batch with 500 NFT eggs was sold out.] What’s more, the Legendary dragon’s Egg was even picked for 35 ETH. CryptoDragons prove to be among the best players...Read More
Sfermion – an NFT investment firm – has raised $100 million through fundraising from several high-profile institutional investors and venture capitalist firms. The Winklevoss twins, Marc Andreessen, Alan Howard, Digital Currency Group (DCG) are some of the names of the participants. Accelerating the Emergence of the Metaverse As per a press release, Sfermion announced the...Read More
The American entertainment company, primarily known for professional wrestling – WWE – joined forces with Blockchain Creative Labs to launch a non-fungible token marketplace. The digital collectibles will capture iconic moments from grand events like Wrestlemania and SummerSlam and will have an eco-friendly focus. ‘If You Smell… What WWE… Is Cooking!’ Despite retracing a bit...Read More
Adobe – a multinational computer software company – recently partnered with NFT marketplace “Rarible” to support digital provenance. They are kickstarting Adobe’s beta of its new “Content Credentials” feature, which helps to verify and protect digital content metadata. Verifying NFT Ownership Rarible announced the new feature in a blog post on its site earlier this...Read More
