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
The popular US actor, director, writer, and producer took it to Twitter yesterday to inform that he had become a victim of a phishing attack and had four NFTs stolen, which were later flagged by OpenSea. With its growth over the past year or so, the NFT industry managed to attract countless celebrities, with the...Read More
If this crypto winter made you so poor that you cannot even pay for the fees of your crypto transactions, keep reading; Robinhood might have the perfect solution to all your problems. The popular stocks and crypto trading app, Robinhood, announced that its upcoming crypto wallet will not charge gas fees and support non-fungible tokens...Read More
The blockchain security service provider – Fireblocks – introduced a new Web3 Engine that will aid developers’ efforts to build NFT, DeFi, and GameFi products and services. Additionally, the platform enabled access to exchanges, decentralized applications, and non-fungible token marketplaces for capital market participants and alternative asset managers. The New Fireblock Web3 Engine According to...Read More
Earlier this week, former English football star Michael Owen, alongside his business partner Oceidon, a Guernsey-based blockchain technology provider, rolled out a new non-fungible token (NFT) project dubbed Legacy. However, it quickly drew criticism. An NFT Collection That Doesn’t Lose Value? The partners claimed that the NFT collection was designed in such a way that...Read More
Five US states announced plans to take immediate action against a Russian organization allegedly selling fraudulent NFTs to US investors for funding a metaverse casino called Flamingo Casino Club. The authorities required the entity to stop selling such digital assets, accusing it of committing fraud and selling unregistered securities. Fraudulent Claims Securities Regulators from Alabama,...Read More
NBA Top Shot’s host blockchain Flow announced a new $725 million Ecosystem Fund backed by its parent company’s investment arm, Dapper Ventures, and crypto-focused VCs, including a16z, Coatue, and Digital Currency Group. Dedicated to boosting developments in its ecosystem, the fund will offer investments, in-kind support, and FLOW token grants to eligible developers building applications...Read More
United Arab Emirates (UAE)’s leading flag carrier, Emirates Airline, is all set to dive into the digital asset space by leveraging cryptocurrencies, NFTs, and the metaverse. The entry is part of its strategy “to connect with customers in a faster and more flexible way,” said the report. Embracing Bitcoin, NFT, and Metaverse Emirates will start...Read More
Bored Ape Yacht Club (BAYC) confirmed over Twitter on Monday that its Instagram account was hacked. A scam link posted by the hacker appears to have resulted in multiple valuable NFTs being stolen from victims. The link, which has since been taken down, led to a page claiming to be sponsored by Yuga Labs. It...Read More
Five years ago, non-fungible tokens (NFTs) were an esoteric concept leveraged by a few crypto fanatics, but that changed in 2021 when NFTs made it to the mainstream. Since then, the niche has disrupted many industries, especially the art and gaming markets. While there are hundreds of different NFT projects existing today, with each trying...Read More
Tinkering with the Metaverse has become a trend among major brands and companies. This time, it has caught the attention of two of the largest automakers globally, Nissan and Toyota. On April 22, Japanese automakers Nissan and Toyota announced their entry into the Metaverse to offer new virtual experiences to their users, organizing digital events...Read More
Singapore-headquartered cricket NFT platform Rario has bagged $120 million in funding led by Dream Capital. The Series A funding round also saw the participation of Alpha Wave Global. Founded in 2011, Rario’s existing investors include Animoca Brands, Presight Capital, and Kingsway Capital. “We are pleased to announce that we have raised $120M Series A Funding...Read More
The National Basketball Association (NBA) revealed pausing minting of its new non-fungible token collection, dubbed – The Association – after a major loophole was detected by BlockSec. Less than a day after the league announced the minting of its Ethereum-based non-fungible token (NFT), it recognized the issues with the smart contract that triggered the “Allow...Read More
After months of waiting, NFT enthusiasts can finally visit the Coinbase non-fungible token platform, a Web3 marketplace for such collectibles. The beta version is live on Tuesday, and, as of now, only beta testers selected from the waitlist can create profiles to transact NFTs, but the site is open for anyone to check out the...Read More
Famous rapper Snoop Dogg and his son Cordell Broadus (aka “ChampMedici”) have partnered with MOBLAND to launch digital weed farm NFTs in the Metaverse. The virtual items will pioneer an all-new “grow to earn” feature, among various other utilities for business buildings and land. The Beginning of NFT 3.0 According to MOBLAND co-founder Roy Liu,...Read More
A recent DappRadar study estimated that blockchain-based games raised $2.5 billion in Q1, 2022 from investors. If this pace maintains, the total investments by the end of the year will be 150% higher than in 2021. Additionally, in March, blockchain games attracted 1.22 million Unique Active Wallets (UAW) and accounted for 52% of the industry’s...Read More
KuCoin Ventures, the exchange’s VC arm dedicated to crypto investments, and its NFT marketplace Windvane are putting out $100 million as a “Creators Fund” to support and incubate early-stage NFT projects, according to a media release issued by KuCoin. The announcement came after Coinbase’s earlier statement of launching its NFT marketplace soon and the Japanese...Read More
The blockchain gaming platform Animoca Brands reportedly purchased the Aussie digital agency – Be Media. The latter will become the Australian marketing arm of Animoca, which plans to double down on its NFT and Metaverse endeavors. Animoca Bought Be Media The Hong Kong-based blockchain entity continues to spread its presence globally. According to a recent...Read More
There are now a total of 80,300 NFT collections on the Ethereum blockchain, up from 15,540 year over year. Meanwhile, Ethereum addresses holding one or more NFTs have also skyrocketed as the industry is getting widely adopted, despite the recent market turbulence in the crypto space. Interest in NFTs Continues to Increase Though the broader...Read More
Hyundai Motor Company will become the first automaker to hop on the community non-fungible token (NFT) market. The organization will launch 30 limited digital collectibles in collaboration with the NFT brand “Meta Kongz.” Another Well-Known Name Joining the NFT Craze The South Korean car giant – Hyundai Motor Company – released a film depicting the...Read More
Metaverse games The Sandbox and FlickPlay have partnered to create an NFT collection interoperable between both games. The collectibles feature an anthropomorphic chameleon named Flicky, who wears various combinations of clothing. The First Physical-World NFT As reported by Reuters, some of the users that acquire Flicky will be able to use it as their Sandbox...Read More
One of the leading Spanish airline companies – Air Europa – partnered with the blockchain entity TravelX to introduce the world’s first series of non-fungible token (NFT) airline tickets. Users who buy such collectibles will board a special flight between Madrid and Miami on November 29, 2022. NFTs Up in the Air The feature, dubbed...Read More
The United Arab Emirates national carrier has announced that it will be launching collectible and utility-based NFTs, with the first project already underway. In an announcement on April 14, Emirates stated that it will be launching NFTs and “exciting experiences in the Metaverse” for its customers and employees. Sheikh Ahmed Al Maktoum, Emirates Chairman and...Read More
Check Point, the American-Israeli multinational that provides hardware and software products for IT security, has revealed identifying a security flaw in the popular NFT marketplace Rarible, which boasts over two million monthly active users. Security Flaw on Rarible In a blog post, CPR stated that the flaw, if exploited, would have allowed a malicious actor...Read More
Twitter founder Jack Dorsey’s first-ever tweet was bought as an NFT by the crypto entrepreneur Sina Estavi for $2.9 million last year. In 2022, Estavi aims to get the NFT sold at $50M or more – as of now – the highest bid he has is for $11,500 (3.8 ETH). The tweet “just setting up...Read More
Japan’s most popular social media application – Line – released a non-fungible token marketplace called Line NFT. Even though the company provides its services in numerous countries in Asia, the opportunity will first be available only to Japanese users. Japan’s Top Social Media Goes Into NFTs LVC Corporation (LVC) – the operator of Line’s blockchain...Read More
Andy Jassy – CEO of Amazon – recently told CNBC that the company could sell Non Fungible Tokens (NFTs) in the distant future. However, he said that the company won’t begin accepting cryptocurrency payments anytime soon and that he doesn’t personally hold any Bitcoin. Jassy’s interview took place shortly after releasing his first annual shareholder...Read More
One of the most successful NBA teams – The Golden State Warriors – became the first basketball club to introduce a non-fungible token collection for its fans by partnering with the crypto exchange FTX. The Warriors Dive Deeper Into the NFT Universe The Golden State Warrior – an NBA team based in San Francisco that...Read More
