In a Facebook post on June 21, Zuckerberg said there would also be updates to “help creators build for the metaverse.” He added that he wanted platforms such as Facebook to play a role in the growing creator economy. There were six new updates that Zuckerberg shared in his thread. The first one was more...Read More
The cryptocurrency payments start-up MoonPay joined forces with Fox Corporations, Universal Pictures, and Death Row Records to launch a non-fungible token platform. The feature, called HyperMint, will allow companies and individuals to mint millions of digital collectibles a day by employing blockchain technology. MoonPay Enters the NFT Universe In a recent interview for CNBC, Ivan...Read More
Leading Solana-based NFT marketplace Magic Eden has becomes a unicorn in less than a year since its launch last September. The latest fundraising round has pushed its valuation to $1.6 billion. The founders vowed to speed up its hiring spree despite the downsizing trend hitting crypto firms amid market slumps. A Multi-Chain Ambition Magic Eden...Read More
The Central Bank of the Republic of China (Taiwan’s central banking institution) reportedly warned that the non-fungible token (NFT) sector is full of fake transactions. As such, it advised investors to beware when dealing with such digital collectibles. Investing in NFTs Hides Risks According to a recent report by the Taiwan News, the nation’s central...Read More
The Swiss luxury watchmaker – Tag Heuer – said it will help its clients “stay in tune” with the rapidly changing world. As such, the company introduced a smartwatch feature that allows customers to show off their non-fungible token (NFT) collections. Diving Into the NFT Universe Last month, Tag Heuer teamed up with Bitpay to...Read More
Despite being known for its anti-crypto stance, China has not banned NFTs yet. Meanwhile, a noticeable interest in “digital collectibles” have recently surged in the country amid the government warning people not to trade any forms of digital assets. Digital Collectibles Rise in Popularity After the all-sweeping crypto ban in 2021, it’s no secret anymore...Read More
Arizona State University (ASU) – one of the biggest public universities in the States – intends to join the Metaverse and Web3 ecosystems. It also plans to release non-fungible tokens (NFTs) for authenticating event tickets and certificates. ASU to Conduct Classes in a ‘Virtual Environment’ A series of trademark filings with the United States Patent...Read More
Prices and sales of non-fungible tokens (NFTs) have continued to crash as bears completely take over the broader crypto market. Popular collections such as the revered Bored Ape Yacht Club (BAYC) were not spared either, and their floor prices have lost significant value in US dollars. For clarity, the floor price represents the lowest price...Read More
DApp discovery and analysis platform DappRadar released a detailed report analyzing the state of the crypto market in May. It mainly covered three areas: DeFi, NFT activities, and crypto games, stating that the Terra debacle did not destroy the overall DeFi ecosystems. NFT trading volume was only down 6% from April if measured in token...Read More
Global payment technology company Mastercard is now enabling the purchase of non-fungible tokens (NFTs) using fiat. For the new project, Mastercard has partnered with Immutable X, a layer-2 network for Ethereum. The company will also be working with NFT-based online game The Sandbox, fintech firm MoonPay, and the NFT platforms Nifty Gateway, Candy Digital, Spring,...Read More
The cloud computing division of e-commerce giant Alibaba Group has launched new services for NFT platforms based outside of mainland China. The features Alibaba Cloud will provide include web hosting, digital marketing, and content delivery, according to reports in the SCMP (owned by Alibaba) on June 9. According to an Alibaba spokeswoman, NFT and Metaverse...Read More
Hollywood personality Seth Green’s Bored Ape, which was stolen in a phishing attack on May 17, is back home. As per media reports, Green has paid 165 Ether, which is about $300,000 at the current rate, for the return of the prized NFT. BAYC#8398 is Back Home: Green “Fred is back home,” Seth Green replied on...Read More
One of the greatest actors of all time – Sir Anthony Hopkins – said he wants to jump on the non-fungible token bandwagon. As such, he asked for the help of Snoop Dogg, Jimmy Fallon, and Reese Witherspoon, who have some experience in the field. The Latest Celebrity to Join the NFT Craze It seems...Read More
On Wednesday, American software firm Salesforce announced the launch of a pilot NFT platform – NFT Cloud – on which users can mint and trade such digital assets. However, the company has not revealed details regarding when the platform will be available to users, nor wallets or blockchains the platform will support. Salesforce views the...Read More
The Securities and Futures Commission (SFC) of Hong Kong recently issued a statement on the financial and legal risks surrounding non-fungible tokens (NFTs). It claims that such tokens are not only prone to the typical security vulnerabilities of crypto, but could also constitute financial assets bound by SFC regulation. From Collectibles to Financial Assets According...Read More
A recent study conducted by The Economist estimated that 37% of the participants want their governments to declare bitcoin or other cryptocurrencies as legal tender for internal transactions. Central bank digital currencies (CBDCs) are also favored as 37% will agree if their countries’ authorities issue such a financial product. Following El Salvador’s Steps? The popular...Read More
Ethereum-based layer 2 NFT scaling platform, Immutable, has submitted a proposal to the ApeCoin DAO to develop the popular Bored Ape Yacht Club (BAYC) metaverse project Otherside on its blockchain network. Otherside Metaverse on Immutable X Citing scalability, no-fee transactions, and a carbon-neutral environment, Immutable said that the move aligns with the needs of the...Read More
The US Justice Department charged a former product manager at OpenSea with wire fraud and money laundering. He had allegedly used confidential business information of what NFT projects would be featured on the platform to make a considerable profit. The official release stated this case was the first-ever digital asset insider trading scheme. Accused of...Read More
The annual event organized by Tribeca Productions – Tribeca Film Festival – reportedly inked a deal with the cryptocurrency platform OKX. The agreement (worth tens of millions of dollars) will turn the exchange into one of the largest sponsors. OKX Joins the Movie Industry According to a coverage by the Wall Street Journal, the collaboration...Read More
Renowned luxury brand Prada expands its presence in Web3 with the upcoming launch of a new NFT Collection. It will correspond to the series of physical shirts that have been on sale since December 2019. One Shirt, One NFT According to the company’s website, the 100 Ethereum-based NFTs are a corresponding supplement to the physical...Read More
When RJ Phillips launched Onlyfans, he started a whole new movement of democratization of the adult industry. Now, he wants to conquer the WEB3 with a new NFT project. The founder of OnlyFans has announced the launch of a Trading Card Platform named “Zoop.” The decentralized NFT trading platform will be available for all types...Read More
The University of São Paulo (USP) signed a cooperation agreement with Radio Caca (RACA) to study different educational applications within the United States of Mars metaverse by operating different virtual lands inside the metaverse. According to the official information shared by the University of São Paulo; its team will evaluate the technical, economic, and legal...Read More
A recent study conducted by Finder estimated that 34% of the Indian respondents had played a play-to-earn (P2E) game. Hong Kong (29%) ranked second, while the UAE held the third position with 27%. India Leads the Way in the P2E Universe Finder’s NFT Gaming Adoption Report determined that play-to-earn games have become a highly popular...Read More
The popular Metaverse platform Sandbox announced a collaboration with Elvis On-Chain on May 26 to bring the King of rock and roll to the virtual world. The partnership includes Elvis Presley Enterprises, and Web3 studio Run it Wild, which spawned the project earlier this year. In addition to the Sandbox, partners include Decentraland, Dappraft, Metakey,...Read More
American multinational e-commerce company, eBay has forayed into the NFT space after dropping a hockey-themed collection in partnership with OneOf, a green Web 3 company. The NFT collection of 13 limited-edition digital collectibles, dubbed “Genesis,” will have four tiers – green, gold, platinum, and diamond. It will feature 3D and animated interpretations of the iconic...Read More
American video game retailer GameStop announced the launch of its digital asset wallet. Following the development, shares of GameStop (GME) rose by more than 2% premarket on Monday to $98.02. It was currently trading at $95.66. GameStop Wallet GameStop’s new self-custodial Ethereum wallet will allow users to store, send, receive and use cryptocurrencies and non-fungible...Read More
On May 20, OpenSea unveiled Seaport, a brand new Web3 NFT marketplace for trading popular token collections. The new decentralized protocol is not just for OpenSea, but all developers, content creators, and collectors can build on it. Seaport is taking a different approach to the standard model of NFT trading, which involves a platform facilitating...Read More
LVMH-owned Swiss luxury brand Tag Heuer announced earlier this week that it will accept a total of twelve major cryptocurrencies plus five stablecoins as payment options on its US website. The globally renowned watchmaker had previously revealed that it would soon allow digital currency payments on all websites. An Early Push into Web3 Tag Heuer’s...Read More
A Singaporean citizen has managed to successfully block the sale of one Bored Ape Yacht Club (BAYC) NFT through a court-ordered injunction. According to the court filing seen and reported by Bloomberg, the plaintiff used the NFT as collateral for a loan on the NFTfi platform. The collector decided to use the BAYC collectible since...Read More
DeFi Land, a multi-chain agriculture simulation gaming project built on the Solana blockchain, has unveiled its first play-to-earn game created to gamify all aspects of decentralized finance (DeFi). DeFi Land Launches New P2E Game As per the press release shared with CryptoPotato, the game, scheduled to go live on May 18th at 8 PM UTC,...Read More
