MakeMyTrip reportedly jumped on the crypto bandwagon by releasing a limited edition non-fungible token series. The digital collectibles will feature Indian landscapes as the proceeds from the sales will promote the local tourism sector. Joining the NFT Universe According to a recent coverage by Business Today, the Indian travel organization MakeMyTrip is the latest entity...Read More
Silicon Valley venture capital firm, Sequoia is betting big on the leading Solana NFT marketplace – Market Eden. OpenSea happens to be the leader in the NFT space, however, its dominance appears to be dwindling. There are now newer platforms backed by some of the biggest investors that may have been contributing to this trend....Read More
Amid its ongoing invasion from the Russian Federation, the Ukrainian government wants to depict some war moments to show the world in the form of non-fungible tokens (NFTs). Thus, the nation continues to employ the asset class to help fund its defense. Russia-Ukraine War as NFTs The popularity boom of the NFT sector last year...Read More
Singapore’s income tax treatment will be determined based on the nature and use of the NFT. Taxing NFTs According to the latest report by The Business Times, Singapore Finance Minister Lawrence Wong while addressing the parliament revealed that the prevailing income tax rules will apply to the income derived from non-fungible token (NFT) transactions or trading...Read More
The Bored Ape Yacht Club hinted at another initiative earlier today without providing any specifics and once again sparked the curiosity of many. However, upon following the provided link, users were met with a KYC prompt, and many were less than happy. Earlier today, the official Twitter account of the Bored Ape Yacht Club posted...Read More
Remember Ether Rocks – the plain rock jpegs that became incredibly valuable NFTs last year? A lucky owner recently tried to cash in on one of those collectibles – but accidentally sold it for under a cent. Twitter user @dino_dealer (aka Rock Dust) once held EtherRock #44, and planned to sell it for 444 ETH....Read More
The popular cryptocurrency exchange – CryptoCom – announced the airdrop of its non-fungible token collection in collaboration with the LA Lakers’ star LeBron James. It is called “The Moment of Truth” and will be airdropped to 5,550 randomly selected viewers who scanned a hidden QR code. LeBron James NFTs to The Lucky Winners One of...Read More
FTX Europe – the European subsidiary of the US crypto exchange FTX – collaborated with the music festival Tomorrowland. As part of the agreement, the trading venue will help its partner bring its “truly unique and magical events to the digital space by supporting their Web3, NFT, and crypto-related initiatives.” ‘People of Tomorrow’ to Jump...Read More
LimeWire was one of the many P2P filesharing companies that had earlier pushed illegal downloading of music onto the masses before shutting its operations in 2011 following lengthy court battles. But the now-defunct site is set to make a comeback this year as a music-focused NFT marketplace. LimeWire’s Comeback The new owners of the defunct...Read More
The Singapore-based financial technology company – Cake DeFi – introduced its corporate venture arm, called Cake DeFi Ventures. With $100 million in earmarked capital, the feature will enable the firm to interact with Web3, gaming, and fintech startups. In addition, Cake DeFi partnered with The Edge of Company to hop on the NFT bandwagon. The...Read More
Immutable X – a layer 2 NFT trading platform built on Ethereum – announced the closing of a $200 million Series C funding round on Monday. Led by Singaporean investment company Temasek, the round brings Immutable’s valuation up to $2.5 billion. Expanding the Team 5 other new investors also partook in the round, including Princeville...Read More
Ukraine’s NFT auction has come to a very profitable end: On Wednesday, the country raised $6.75 million worth of ETH after a three-day bidding process for an image of its flag. The bidding process began on February 26th, when the flag NFT was listed. It ended on March 2nd, in a sale for 2,174 ETH....Read More
Hundreds of NFTs were stolen in the TreasureDAO exploit, conducted through a series of transactions. The attackers were able to exploit a bug in the protocol that enabled them to mint NFTs for free. Soon after, the platform urged its users to delist their non-fungible tokens from the marketplace. TreasureDAO Exploited In yet another major...Read More
The SEC is now aiming at the creators of NFTs in an effort to determine whether or not they violate its rules and regulations. The financial regulator is growing concerned that NFTs are being used for unregulated securities token offerings, according to Bloomberg. The ongoing review is also examining fractional non-fungible tokens – when they...Read More
The global sports NFT market will see a transaction count of over $2 billion this year, Deloitte’s Technology, Media, and Telecommunications (TMT) Predictions 2022 has said. Throwing a spotlight on the emerging Indian sports and entertainment NFT market, the TMT forecast says it will grow to $1 billion in the near future. Global Sports NFT...Read More
American multinational e-commerce giant eBay is eyeing to integrate crypto payments. In a recent interview, CEO Jamie Iannone said the firm might leap very soon. Primarily, eBay wants to capture the GenZ and millennial audiences. Appealing to the Younger Generation eBay is one of the oldest e-commerce corporations. It was founded in 1995. In an...Read More
Despite the “FUD,” Pixelmon’s founder Syber says he isn’t going anywhere. The Pixelmon saga isn’t looking good. The well-funded NFT adventure game has received severe backlash from the community after a disastrous reveal. But who’s to blame? Is Pixelmon Really The Next Blue Chip? Back in December 2021, Syber – the user who founded the...Read More
The renowned auction house – Sotheby’s – was about to host a much-anticipated auction of 104 CryptoPunk non-fungible tokens (NFTs) earlier this week. However, the auction house canceled the event minutes before launch. ‘Decided to HODL’ Several months ago, a pseudonymous collector with the initials 0x650d purchased the lot titled “Punk It!” for $7 million...Read More
Chinese courts will now issue jail sentences if individuals engage in fundraising activities via crypto from the public. New Guideline: Crypto Fundraising, A Punishable Offence After an intense crackdown on trading and mining, China is taking its anti-crypto stance to another level. For the first time, the Chinese Supreme People’s Court has announced amending the...Read More
The NFT sector has seen an explosion of interest throughout last year. In 2021 as well, the market kicked off with booming sales sharply, contrasting with the overall slump in crypto prices in January. After decoupling for a few weeks, NFT sales appear to be cooling down again. NFT Floor Price Take a Hit According...Read More
The company said it bought Azuki #1178, #4176, and #1180 for about 13.35 Ethereum each and returned them to their previous owners. That is the equivalent of $36,000. Mintable representatives revealed how they came upon the listings in a recent statement. In particular, the team found the NFTs on the LooksRare marketplace. They said the $10...Read More
Popular crypto exchange FTX has plans to launch a gaming unit to offer mainstream gaming publishers support for non-fungible token (NFT) integration and other blockchain-powered collectibles. FTX to Provide Web3 Operability for Game Studios Bloomberg reported that the company will launch its gaming outfit in the coming months. The so-called FTX Gaming unit is set...Read More
Non-fungible token marketplaces have shattered record-breaking trading volumes. But experts believe that the nascent space of NFT may see a crash soon that would mimic the 2019 ICO collapse. NFT Crash, If or When? An NFT crash may happen in the next six months. This was according to Ryan Carson, Chief Operating Officer, PROOF Collective,...Read More
One of the leading names in the play-to-earn universe (P2E) – Axie Infinity – surpassed $4 billion in all-time non-fungible token sales. Currently, it is the third-largest NFT project falling behind OpenSea and LooksRare. Hitting a New Milestone Launched in 2018, Axie Infinity is among the most popular play-to-earn blockchain games. However, it was not...Read More
OpenSea users complained about a phishing attack that resulted in countless stolen non-fungible tokens, according to PeckShield. At the same time, the NFT marketplace said it was investigating these “rumors,” and any attack was not related to its website. Reports started to emerge earlier from OpenSea users who saw unsettling behavior in their accounts. Shortly...Read More
Marina Picasso – granddaughter of the renowned painter and sculptor Pablo Picasso – said she and her son Florian will continue launching NFT collections depicting the artist’s work. The digital collectibles caused disputes among the family as some members did not agree with the initiative. Picasso’s NFTs Received Green Light Earlier this year, Picasso’s great-grandson...Read More
DappRadar – a top NFT and Defi dapp store – recently released a report analyzing the trading behaviors of three top NFT whales. It identified some collections and projects that the whales have pronounced exposure to, including Adidas Originals and Doodles. What are Whales up to? According to the report, the three whales discussed – ...Read More
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
