More than $10.7 billion worth of NFTs were sold between July and September, according to stats from analytics websites. Digital art, memes, gaming items, and collectibles have sold like hotcakes over the past three months, so much so that they’ve even headlined on Reuters. The report, citing figures from DappRadar, stated that the whopping third-quarter...Read More
Popular social media giant TikTok has announced that it will be venturing into the non-fungible token (NFT) space by leveraging content from some of its top creators. The short video-sharing platform, which recently crossed 1 billion global users, said its NFT collection, dubbed TikTop Top Moments, will feature content from six “culturally” important videos from...Read More
Raiinmaker, a blockchain-based fan engagement platform, has recently partnered with the multimedia firm Cosmic Wire to roll out six special non-fungible tokens (NFTs) to support several climate charities. According to a press release shared with CryptoPotato today, both firms will be launching the NFT collection based on the artwork of the mysterious legendary street artist...Read More
The American comic book publisher – DC Comics – partnered with Palm NFT Studio to launch its collection of non-fungible tokens. The NFTs will feature superheroes like Superman, Batman, Wonder Woman, and more. DC’s Superheroes as NFTs One of the largest and oldest US comic book companies – DC Comics – will double down on...Read More
Ripple has announced the establishment of a new fund worth $250 million to support the building of non-fungible token projects on its XRP ledger. The company promised to provide artists with the necessary support. Ripple took it to Twitter earlier on September 29th to outlined its newest endeavor, which this time will focus on the...Read More
Popular non-fungible token (NFT) gaming platform Axie Infinity continues to see increased adoption from users, following exponential growth in the number of wallet addresses. Axie Sees Surge in Address Holders According to data provided by IntoTheBlock on Tuesday (September 28, 2021), Axie Infinity Shards (AXS) ownership is on the rise, with 17,480 address holders. This...Read More
Emurgo, the commercial branch of the Cardano ecosystem, has released a new product focusing on investing in startup protocols that want to build on the Cardano blockchain. This comes after several notable announcements from Charles Hoskinson’s team in the past few days. The official press release reads that the new investment vehicle, which will be...Read More
Ripple may not be the most beloved company in the crypto-verse, but its perseverance and desire to grow despite setbacks is something to be recognized. RippleX, Ripple’s branch focused on boosting the development of technologies around the XRP Ledger, has recently announced its first wave of XRPL grants and it is embracing the NFT mania. ...Read More
American professional basketball team Philadelphia 76ers has announced a partnership with the leading cryptocurrency exchange CryptoCom. The initiative will see the popular NBA club launch its non-fungible token (NFT) on the digital asset trading platform. Philadelphia 76ers Partners CryptoCom Announcing the partnership in a press release today, 76ers noted that fans interested in obtaining the...Read More
Nate Chastain, Head of Product at popular NFT marketplace OpenSea, appears to have stopped working with the company after being accused of NFT flipping using insider knowledge. Head of Product is Out Since being called out two days ago, Chastain’s Twitter profile has been updated to include the phrase “Past: @opensea”, suggesting that he is...Read More
Investors’ appetite for trading non-fungible tokens (NFTs) seems to have significantly decreased after the all-time highs recorded in August. In fact, during the last three days, Ethereum-based NFT trading volumes have not surpassed $100 million, while at the end of August, they exceeded $500 million for a single day. NFT Trading Volumes Heading South According...Read More
Immutable X, an Ethereum-based layer 2 scaling solution for non-fungible tokens (NFTs), said it recently raised $60 million in a Series B round of funding, which was co-led by BITKRAFT Ventures and King River Capital. According to a press release shared with CryptoPotato today, Immutable also received investments from a host of crypto-related and venture...Read More
William Quigley, who co-founded stablecoin Tether (USDT), thinks non-fungible tokens (NFTs) accessible in metaverses will hit annual sales above $10 trillion. He shared his thoughts about NFTs and metaverse with Bloomberg in an interview over the week. When asked about the lush, blossoming NFT fields of 2021, Quigley said his sights are set on the...Read More
Almost all of the Bored Yacht Ape NFT collection – a popular collection of cartoon drawings featuring over 107 monkeys – has now sold for more than 24 million dollars. The 24 Million Dollar Monkey-Deal According to a recent tweet from Sotheby’s, the art merchant hosting the meme-inspiring NFT collection, 101 of 107 Bored Yacht...Read More
Nick Johnson, the lead developer of the Ethereum Name Server (ENS), recently unveiled a bug on the NFT marketplace OpenSea, which caused him and other traders to lose about $100 000 in NFTs to burn addresses. The bug has been patched since, but the damage is irreversible. What Happened? Johnson explained the bug in a...Read More
Opening up to the growing artistic marketplace, FTX recently announced the ability to mint custom NFTs directly on their exchange. However, they were quickly forced to place a pricey paywall behind the feature in response to a wave of spam images. NFTs on FTX Exchange The new feature was announced by FTX CEO Sam Bankman...Read More
Decentralized fundraising cross-chain platform Poolz has launched a $2 million crypto fund that will enable it to invest in promising non-fungible tokens (NFTs) and blockchain-based gaming projects. Poolz to Invest in NFTs and Metaverse Projects The fund will be used to support developers who are into NFTs and metaverse gaming and to eliminate any financial...Read More
Popular cryptocurrency exchange OKEx has announced the launch of a new service called Decentralized Finance (DeFi) Hub. OKEx Launches DeFi Hub The newly launched service will focus on two of the hottest niches in the cryptocurrency space – DeFi and non-fungible tokens (NFTs), OKEx said in a press release shared with CryptoPotato today. Commenting on...Read More
There has been no official confirmation yet, but industry observer going by the Twitter pseudonym ‘croissant’ has been connecting the dots for their 53,400 followers. News that GameSpot was developing an NFT platform originally broke in late May when the company stated that it was “officially getting into NFTs.” It launched a website at the...Read More
Binance NFT will soon open a premium collection from The State Hermitage Museum to their marketplace, which includes recreations of the museum’s masterpieces. The Collection: “Your token is kept in the Hermitage” As Binance just announced, The museum’s NFT collection is titled “Your token is kept in the hermitage” and includes 5 digital reproductions of...Read More
While mistakes are inevitable, some are costlier than others, and this one has cost an NFT holder $54,000. After minting the Mutant Ape #5275 NFT hours ago, the holder then tried to sell it on OpenSea, but the deal did not go as he would have wanted. Instead of selling his Ape for $54,000, the...Read More
Amid the recent boom within the NFT Industry, a new study reveals that not all of the hype around the digital assets may be legitimate and could even show signs of wash trading. Nansen’s Analysis of the Industry The non-fungible token sector took the cryptocurrency world by storm this year and quickly expanded beyond it....Read More
Visa announced on August 23rd that it had spent nearly 50 ETH for a CryptoPunk non-fungible token. Thus, the US behemoth continues to showcase its support for the cryptocurrency industry. The global payments tech firm took it to Twitter on August 23rd to announce the acquisition of CryptoPunk #7610. The transaction was completed on August...Read More
Major non-fungible token (NFT) peer-to-peer marketplace OpenSea, has recorded a massive milestone, as its trading volume hit the $1 billion mark in August. OpenSea’s Trading Volume Achieves Billion-Dollar Milestone Tweeting on Tuesday (August 17th, 2021), OpenSea co-founder and CEO Devin Finzer announced the platform’s record trading volume. Earlier in August, the platform’s transaction volume saw...Read More
Marvel fans will be able to enjoy a new set of NFTs focusing on their favorite superheroes. The new digital collection will include some of the most iconic participants, including Captain America, Bucky Barnes, and the Red Skull. CryptoPotato reported last week Marvel Entertainment’s first endeavor into the world of non-fungible tokens. Through a partnership...Read More
The team behind the Binance Smart Chain has decided to launch another season of the Most Valuable Builder program. It aims to accelerate the developments in several sectors, including DeFi and GamingFi, and ten projects will have the chance to receive funding. BSC MVB Program Season Three Ever since the launch of the Binance Smart...Read More
With the increasing interest in blockchain gaming, the popular blockchain platform, TRON, has recently announced the launch of a new $300 million fund dedicated to supporting GameFi projects. TRON Launches $300M Fund to Support Game Developers In a press release shared with CryptoPotato, TRON noted that the fund dubbed TRON Arcade was launched in collaboration...Read More
The blockchain-based digital collectibles marketplace VeVe will begin selling Spider-Man non-fungible tokens this weekend. The initial series of NFTs will include five variations of the Marvel superhero, costing between $40 and $400. NFTs Caught in The Cobweb The comics book giant Marvel Entertainment partnered with the VeVe marketplace to launch the first official Spider-Man NFTs....Read More
The gaming industry is expected to be worth almost $200 billion in terms of revenue in 2021. Blockchain and NFT technologies make a natural partner for gaming and they could be poised to take off. At the moment it is just a niche market for NFT based gaming in which the tokens are integrated directly...Read More
In recent months, the NFT market has witnessed significant growth in the number of investors getting on board, allowing artists and art enthusiasts to gain access to the global digital art market. Although non-fungible tokens are a relatively new asset class in the crypto space, they have continued to outlive the hype as millions of...Read More
