American multinational company, PayPal, has revised its Seller Protection program to exclude non-fungible token (NFT) transactions that surpass $10,000. Limiting NFT Transactions According to PayPal’s Policy Updates page, NFT transactions valued at more than $10,000 are ineligible. The changes will come into effect from March 21 this year. A document further elaborating stated that items...Read More
The New York Stock Exchange (NYSE) has applied with the US Patent and Trademark Office to use NYSE as a trademark for its future business as a cryptocurrency exchange and NFT marketplace. In its filing dated February 10, the company indicated that it will launch an NYSE-branded digital currency to run its financial exchange for...Read More
Helsinki-based Sulake is set to leverage Ethereum’s layer 2 scaling solution – Immutable X. The main objective behind the move is to foster the NFT experience for its online community of over 500,000 monthly active Habbo users across the world. Web 3 And Carbon Neutral NFT Experience According to the press release shared with CryptoPotato,...Read More
HM Revenue and Customs (HMRC) has reportedly seized three non-fungible tokens (NFTs) in a crackdown on suspected activity to hide money. Apart from confiscating the assets, law enforcement arrested three people alleged of the crime. The First NFT Seizure As reported by Reuters, the British tax authorities investigated a $1.9 million financial scheme. The operation...Read More
Animoca Brands, the Hong Kong-based game software and venture capital company behind The Sandbox, has announced the launch of the Guild Accelerator Program in partnership with the global venture accelerator, Brinc. Fostering P2E Ecosystem According to the official press release, the Guild Accelerator Program will focus on developing the emerging play-to-earn (P2E) guild ecosystem across...Read More
NFTs continue to attract attention for high-end transactions, as this time it was a CryptoPunk that smashed its previous record in terms of ETH and USD value. Deepak Thapliyal, Chain’s CEO, splashed nearly $24 million to purchase #5822. Developed in 2017, CryptoPunks are considered one of the OGs in the non-fungible token space. They’re a...Read More
A few weeks after reports emerged suggesting that the world’s largest online video sharing platform will enter the blockchain, metaverse, and NFT world, the company has provided more details. With 2021 becoming the year of non-fungible tokens, all eyes were on such assets and the metaverse as of the start of 2022. Countless companies both...Read More
The world’s largest cryptocurrency exchange, Binance, has signed a Memorandum of Understanding (MoU) in a bid to develop a strategic partnership with prominent South Korean multinational entertainment corporation – YG Entertainment Inc. (YG). Binance – YG’s Strategic Partnership According to the official blog post, the two companies will collectively work on a myriad of blockchain...Read More
The multi-day music and arts festival held in California – Coachella – partnered with the crypto exchange FTX to introduce non-fungible token (NFT) collections to fans. The digital collectibles are built on the Solana network. NFTs for The Music Fans The Coachella Valley Music & Arts Festival, postponed in 2020 and 2021 due to the...Read More
Yuga Labs, the entity behind one of the most popular non-fungible token (NFT) collections, Bored Ape Yacht Club, is reportedly negotiating financing talks with Andreessen Horowitz, which could potentially value the startup as high as $5 billion. According to the Financial Times report on Thursday (February 3, 2022), anonymous people familiar with the matter revealed...Read More
The American video game retailer – GameStop Corp. – partnered with Immutable X Pty Limited (a scaling solution for non-fungible tokens) to establish an NFT marketplace. As part of the deal, both parties created a $100 million fund. GameStop With an NFT Marketplace According to GameStop’s announcement, Immutable X will become a layer-2 partner for...Read More
Bored Ape Yacht Club (BAYC) non-fungible NFT collection continues to see increased demand, with the latest example recently sold at a value of over $2.8 million. On the night of January 30, 2022, Bored Ape #232 was sold for a whopping 1080.69 ETH ($2.85 million). The sale happened on the NFT marketplace – LooksRare. The...Read More
Avid NFT collectors are not bothered about the bearish trends in the crypto market as they continue to spend lavishly on non-fungible tokens. BAYC remains in the first spot with quite a margin. After experiencing a sharp decline in trade volume in December, Bored Ape Yacht Club (BAYC) is back to winning ways. The project...Read More
Reddit has jumped aboard the NFT bandwagon by testing a feature that allows users to add any NFT they own as their profile picture. The move has mimicked one by Twitter, which launched very a similar feature less than a week ago whereby paying subscribers could add and verify NFTs. Reddit already has its own...Read More
The American video-sharing giant YouTube intends to go into the non-fungible token (NFT) sector, as part of the company’s expansion plans. As reported by Bloomberg on Tuesday (January 25, 2022), YouTube CEO Susan Wojcicki, in an annual letter to creators, said that the company was looking for ways to help creators benefit from non-fungible tokens...Read More
The eldest son of John Lennon – Julian Lennon – is selling a range of music history of the Beatles and his dad’s memorabilia from his personal collection as non-fungible tokens (NFTs). To do so, he partnered with YellowHeart – a blockchain company that ensures the purchase of authentic digital tickets. Furthermore, Lennon vowed to...Read More
Someone has reportedly found a way to exploit the front-end of the most popular non-fungible token (NFT) marketplace – OpenSea. The perpetrator is supposedly going after members of the Bored Ape Yacht Club and their valuable apes. The OpenSea Exploit PekShieldAlert – the real-time alerts bot of the popular security firm PeckShield, alarmed of a...Read More
Elon Musk – the CEO of leading EV car maker Tesla and the world’s richest man – has slammed micro-blogging platform Twitter for integrating NFTs. Elon Musk has taken a hard stance against Twitter on their most recent move to integrate non-fungible tokens. Musk first posted a prompt from Twitter with an explanation on NFTs,...Read More
Social media giant Twitter has enabled a feature that lets users officially verify NFTs used for their profile pictures. Previously, anyone could simply right-click and copy an image, and there was no proof of ownership without digging into the Ethereum blockchain to check it. The feature, which was rolled out on Jan. 20, is only...Read More
The popular cryptocurrency exchange Bybit has launched its non-fungible token marketplace, a platform that will give users access to the world of NFTs, GameFi, and the metaverse. Connecting Digital Artists and Collectors The exchange said in an announcement shared with CryptoPotato that the new platform is a one-stop shop that aims to connect digital artists...Read More
On January 18th, OpenSea announced that it had acquired Dharma Labs for an undisclosed amount. The world’s top NFT marketplace was recently valued at $13.3 billion following its latest funding round. Sources at the 2017-founded firm told Reuters that deal would help it “dramatically improve the experience of buying, minting, and selling NFTs” on its...Read More
Leading cryptocurrency exchange Coinbase has teamed up with payment processing giant Mastercard to simplify purchasing non-fungible tokens. According to an official blog post today, Coinbase is planning to make it easier for newcomers to join the booming NFT market by employing a similar strategy as it did with its cryptocurrency exchange. Despite the growth of...Read More
The popular NFT auction marketplace, OpenSea, has surpassed the $3.5 billion mark in monthly Ethereum trading volume. OpenSea Hits New High According to the latest chart by Dune Analytics on January 17, OpenSea has already clocked in $3.52 billion in terms of monthly Ethereum trading volume, even with two more weeks to go until the...Read More
The non-fungible token universe and blockchain-based games seem to have their own macro events that affect their growth. A set of reports by the analysis company DappRadar revealed that the number of NFT trades continues to increase gradually despite the adverse price movements in the digital asset industry. Additionally, the interest in blockchain-based games is...Read More
After the fake reports about Walmart and Litecoin last year, this time, the US retail giant has officially filed documents with local regulators to enter the cryptocurrency space and the metaverse. As seen in the CNBC report, Walmart’s filings with the US authorities about getting involved with the metaverse date late December last year. Essentially,...Read More
Reports emerged indicating that the Chinese officials are keeping a close eye on cryptocurrency activities and are applying innovative strategies to tackle virtual currency money laundering. “An Important Breakthrough” According to the Chinese state-owned broadcaster, CCTV (controlled by the CCP), the country’s Ministry of Public Security has solved 259 cases that involve cryptocurrency money laundering....Read More
China’s state-backed Blockchain Services Network, which saw the light of day two years ago, plans to launch a new platform supporting non-fungible tokens. However, the nation reaffirmed that it will have nothing to do with cryptocurrencies. It’s no secret anymore that China wants to be as far away from crypto as possible, evident from the...Read More
Ripple’s developer arm, RippleX, announced the rollout of the NFT-Devnet platform to explore the native NFT capabilities introduced with XLS-20d. Ripple’s NFT-Devnet for Developers According to the official blog post, prominent cryptographer and RippleX software engineer Nik Bougalis revealed that the developers may begin building applications and tokenization use cases. It also outlined the addition...Read More
Speaking to CNBC on Jan. 11, the billionaire investor said he looks for utility when researching crypto investments. He followed up with “tokens trading are the least important part of crypto” in a Tuesday tweet. Decentralized platforms leveraging smart contract technology and DAOs are his preferred choices, he stated. Tokens trading are the least important...Read More
Jeff Zeller has been named by CryptoCom NFT as its Senior Director of NFT Partnerships and Business Operations, a PR from the exchange said on Wednesday. Zeller previously occupied senior positions at Sony Music and Apple and was the director of Entertainment Partnerships and Marketing at ESPN before joining the crypto firm. New CryptoCom NFT...Read More
