Derivatives-focused cryptocurrency exchange, BitMEX has teamed up with AC Milan to release limited edition non-fungible tokens (NFTs). The proceeds will be used to support the non-profit organization Fondazione Milan, linked to the wider scope of the soccer club’s Corporate Responsibility and Sustainability. The latest initiative is European soccer giant AC Milan’s first-ever NFT venture as...Read More
Meta, the company behind Facebook, is reportedly trying to develop its own token – not a cryptocurrency – to support its ambition of connecting users through the Metaverse. More tokens may be developed to facilitate the realization of the project, the report outlined. The newly explored token is like ROBUX for another metaverse Roblox reported...Read More
Another Bored Ape Yacht Club (BAYC) owner has fallen victim to a social engineering attack targeting holders of premium non-fungible tokens (NFTs). In this case, the victim thought they were swapping their reasonably rare Bored Ape and Mutant Apes for other high-value apes only to receive worthless Jpegs in exchange. The incident once again highlights...Read More
On April 4, the billionaire entrepreneur and CEO of Starbucks, Howard Schultz, announced in an Open Forum that the company is planning to enter the NFT business before the end of 2022. This news was confirmed by the company itself a few hours later. Although Schultz did not provide an exact date as to when...Read More
Arguably the best boxer of all times – Mike Tyson – will launch a Mystery Box NFT collection via Binance NFT (the non-fungible token marketplace of the crypto exchange). The sale begins on April 5, 2022, at 11:00 UTC. “Iron Mike” Joins the NFT Craze Over the past several months, non-fungible tokens have emerged as...Read More
Even though trading volumes for NFTs have somewhat declined overall, the space is seemingly thriving and getting more attention. The last bit comes from none other than the UK’s Finance Minister – Rishi Sunak. Rishi Sunak – the finance minister of the United Kingdom – has asked the Royal Mint to create a non-fungible token...Read More
The announcement came on April 1, but it was no joke. Neither was the amount raised, $35 million USD, a tidy sum. Justin Kan dropped a hint of what was ahead for Fractal last month, tweeting, “Yeah, I built Twitch, it has millions of users & gaming NFTs are way bigger.” Ten days before launching...Read More
It’s April 1st – a day celebrated internationally by people who make practical jokes and have fun. In previous years, we’ve always dedicated a piece on something fun and whimsical to brighten the mood of our readers, but today, it’s important to remain careful. The industry has changed a lot in the past year, and...Read More
As the new quarter rolls in at full speed, Charles Hoskinson – the founder of Cardano – and Snoop Dogg, who needs no introduction, will discuss the Cardano ecosystem in a few days. Charles Hoskinson will be meeting Snoop Dogg to talk about the Cardano Ecosystem at Cardano360 on April 5th. This became clear earlier...Read More
Accounts involved are associated with mostly small and medium-sized NFT exchanges. Due to the all-sweeping ban on cryptocurrency in China, most NFTs trading is completed via the Chinese Yuan. Bitcoin Is Done, How About NFTs? WeChat, the monopolistic super app that has over 1.2 billion users in China, has banned over ten accounts implicated in...Read More
Samsung is once again taking a step towards innovation by integrating an NFT marketplace into its new range of smart TVs, making it possible for its users to enjoy part of the Web3 fever from the comfort of their homes. On March 30, Samsung Electronics announced a partnership with Nifty Gateway, a digital art auction...Read More
The leading digital marketplace for non-fungible tokens – OpenSea – announced it will start listing NFTs minted on the Solana blockchain. The development will see the light of day in April. OpenSea disclosed the news in a recent post on Twitter. The video, dubbed “The best-kept secret in web3,” shows enthusiastic users who believe Solana’s...Read More
The cryptocurrency company offering loans and daily digital asset earnings will integrate ApeCoin into its platform. The firm promised a yearly ROI of between 7-12%, depending on the customers’ loyalty tier. Nexo Integrates ApeCoin The press release seen by CryptoPotato reads that Nexo wants to capitalize on Yuga Labs’ (the entity behind BAYC) future plans...Read More
Deutsche Bank, a former cryptocurrency critic, believes Meta’s decision to integrate NFTs into one of its companies – Instagram – will legitimize those assets. Instagram Will Legitimize NFTs According to a report note released by Deutsche Bank on Sunday, cited by Coindesk, the deployment of NFT technology on Instagram has the potential to energize the...Read More
Non-fungible tokens continue to be used for some humanitarian reasons, and the latest example came from South Africa. A digital collection of Nelson Mandela’s original arrest warrant from over half a century ago was sold for more than $130,000 to fund a heritage site. Mandela NFT Sold for $130K Prior to becoming South Africa’s first...Read More
The US Justice Department announced that two men have been charged with conspiracy to commit wire fraud and money laundering “in connection with a million-dollar scheme to defraud purchasers of NFTs advertised as Frosties.” The suspects, Ethan Nguyen and Andre Llacuna, were accused of lying about benefits promised to NFTs buyers and withdrawing the cryptocurrency...Read More
South Korea-headquartered LG Electronics has added blockchain and cryptocurrency to its business portfolio. LG’s Blockchain and Crypto Game Plans At the Annual General Meeting on March 24, LG Electronics’ shareholders approved “blockchain-based software” development and “sale and brokerage of cryptocurrency” as two new business areas. Although LG has included the sale and brokerage of cryptocurrency...Read More
The latest member to join the BAYC is the “queen of pop” Madonna. In a Twitter post, the 63-year old pop star announced entering the Metaverse after acquiring a Bored Ape NFT valued at more than half a million dollars. Madonna bought Bored Ape #4988, which is a six trait DMT primate with a sleeveless...Read More
Google filed a trademark application titled “Non-Fungible Planet” on Monday – reminiscent of the trending Non-Fungible Tokens (NFT) sphere of the crypto industry. However, the application appears unrelated to such items, and is focused instead on education about climate change. The filing includes the stated goal of “providing information in the areas of environmental protection,...Read More
Hollywood icon Sylvester Stallone will soon join the modern wave of celebrities selling NFTs to their fans. The actor recently created the “PlanetSly” collection, composed of 9,997 digital “SLYGuys” set to launch next month. The PlanetSly Collection Stallone introduced his new collection in an Instagram video last week. Reportedly “curated” by Stallone himself, each NFT...Read More
Interest in Web3 continues to increase as more companies race to invest in the next big thing. Nexo – a well-known crypto participant – is the latest to jump on the bandwagon. Nexo – a regulated and amongst the leading digital asset service providers – revealed today that they are launching a new fund aimed...Read More
Scammers are launching phishing sites impersonating the prominent NFT marketplace – Bored Ape Yach Club (BAYC) after the ApeCoin token launch. A user ended up losing 3 NFTs on a new BAYC animation phishing site. Since its launch last year, BAYC has become one of the biggest names in the NFT space. Multi-million dollar sales...Read More
Bored Ape Yacht Club NFT collection made headlines recently with several bombshell revelations – from the purchase of the iconic CryptoPunks to the release of the ApeCoin. The launch of the APE token was as volatile as one might expect as the cryptocurrency dropped to a low of around $6 and is currently trading around...Read More
With the anticipation skyrocketing around BAYC’s launch of a new token, an unknown user gamed the system and received more than 60,000 APE tokens. After paying off the flash loan and the fees, they netted $820,000 (almost 300 ETH). CryptoPotato reported yesterday the frenzy around the new ApeCoin that led to a pump and dump...Read More
The San Francisco-based crypto exchange – Coinbase – announced that users can now take advantage of the new feature to fund their non-custodial Coinbase Wallet easier than before. The Newest Product As part of its mission to make cryptocurrency products accessible to the broad public, Coinbase introduced Coinbase Pay. The company explained that the solution...Read More
The team behind the Bored Ape Yacht Club outlined plans to launch a new native token, ApeCoin, which will be distributed among owners of such NFTs. Shortly after the announcement, the floor price for BAYC NFTs skyrocketed to above 100 ETH. ApeCoin (APE) was announced yesterday, and the team described it as a “token for...Read More
According to U.S. trademark attorney Josh Gerben, on March 14, singer and businesswoman Rihanna filed a new batch of trademark applications to offer her company’s cosmetics and products in a “virtual” format in the metaverse. In this way, Rihana would be following many celebrities’ footsteps and recognized brands in the fashion world, such as L’Oréal...Read More
The cryptocurrency exchange FTX collaborated with the fintech company AZA Finance to expand the adoption of cryptocurrencies throughout Africa. Additionally, the two entities will aim to connect the Web3 economy with the countries from the continent. FTX’s Latest Partnership One of the largest digital asset trading venues – FTX – continues to strike important deals...Read More
The popular ecosystem for non-fungible tokens – Enjin – launched the first NFT parachain on Polkadot. Following the initiative, the former vowed to support CryptoBlades and its more than one million users. The First NFT Parachain Launched on Polkadot At the end of 2021, Enjin’s NFT project – Efinity – won Polkadot’s last parachain auction...Read More
Mark Zuckerberg – CEO of Meta (formerly Facebook; owner of Instagram) revealed today that Instagram will be integrating NFTs into its platform. Speaking at SXSW, the billionaire confirmed that the digital collectibles would come to Instagram “in the near term”. He shared little detail about what role NFTs would play on the platform, but suggested...Read More
