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Tech Entrepreneur Suggests Mainstream Companies May Have Adopted NFT Loyalty Programs Prematurely
16.6.2024
According to Juan Otero, CEO of the crypto-native travel booking platform Travala, many mainstream companies that attempted to use non-fungible tokens (NFTs) for customer or user loyalty programs may have seized the opportunity prematurely. Otero argued that at the time, Web3 companies had...
Sky Mavis Reports Return of $5.7 Million in Digital Assets Stolen During Ronin Attack
8.6.2024
Sky Mavis announced that Norwegian authorities have recovered and returned $5.7 million in digital assets stolen during the Ronin bridge incident. The Web3 game developer stated that an additional $40 million in digital assets is currently frozen. However, the company cannot predict when it will...
U.S. Charges Three in Connection With Evolved Apes NFT Scam
6.6.2024
Evolved apes was a $3 million NFT rug pull that lured investors in with the promise of developing a video game
US Treasury: NFTs and NFT Platforms Highly Susceptible to Fraud and Scams
31.5.2024
A risk assessment conducted by the U.S. Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly susceptible to use in fraud and scams. The risk assessment also warns that criminals can exploit NFTs to launder illicit proceeds or “obfuscate the source...
Football Star Cristiano Ronaldo Seemingly Ignores $1 Billion Lawsuit After Urging Fans to Sign Up Latest NFT Drop
27.5.2024
The Portuguese footballer Cristiano Ronaldo has informed his 111 million followers on the social media platform X to prepare for the unveiling of his latest collection of non-fungible tokens (NFTs) on Binance. In a post dated May 24, Ronaldo encouraged his followers who are eager to relive the...
Japanese Manga Game Captain Tsubasa Launches on Oasys Blockchain
20.5.2024
Japanese Manga-inspired game Captain Tsubasahas launched on the gaming blockchain Oasys offering 5,000 non-fungible tokens (NFTs) to players.
The post Japanese Manga Game Captain Tsubasa Launches on Oasys Blockchain appeared first on Cryptonews
Ghana Postal Company Launches ‘Crypto Stamp’ to Mark Ascension of Traditional Ghanaian Ruler
9.5.2024
The Ghana Post Company recently launched what it termed the first-ever crypto stamp to commemorate the 25th anniversary of the reign of a ceremonial ruler in Ghana. The managing director of the Ghana Post Company asserted that the crypto stamps would act as a bridge, linking the older and younger...
Ethernity Switches to AI Enhanced Ethereum Layer 2 to Prevent Counterfeit Asset Trading
7.5.2024
Non-fungible token (NFT) platform Ethernity, said it has switched to a artificial intelligence enhanced Ethereum Layer 2 network with advanced capabilities allowing it to combat counterfeit asset trading.
The post Ethernity Switches to AI Enhanced Ethereum Layer 2 to Prevent Counterfeit Asset...
Sharp increase in Non-Fungible Token lending volume
6.5.2024
According to a recent industry report, Arcade and NFTfi are the leading NFT lending platforms of 2024. Both Arcade and NFTfi were successful in capturing above 1% of the monthly market share since the previous year. The report states that Arcade recorded a quarterly increase of $39.46 million...
Faisal Al Monai: Convergence of AI and Blockchain Is a Solution to Data Integrity Issues in AI Model Training
2.5.2024
The Middle East and North Africa (MENA) lead the world in the adoption of blockchain and cryptocurrencies because governments in the region actively promote digital transformation in their strategic future visions, according to Faisal Al Monai, chairman and co-founder of Droppgroup. This commitment...
Yuga Labs Resumes Layoffs; CEO Says Web3 Platform ‘Lost Its Way’
29.4.2024
According to Greg Solano, co-founder of Yuga Labs, the Web3 platform has laid off additional workers partly because it had “lost its way.” Solano also encouraged employees uninterested in the next phase to consider accepting the same severance package offered to those affected by...
Google Cloud’s Web3 Portal Launch Triggers Mixed Reactions in Crypto Community
28.4.2024
Google Cloud has unveiled its Web3 portal, which offers resources for blockchain developers that include datasets and tutorials on creating non-fungible tokens (NFTs).
The post Google Cloud’s Web3 Portal Launch Triggers Mixed Reactions in Crypto Community appeared first on Cryptonews
Rare Alien CryptoPunk NFT Sells For Record Breaking $12.38 Million ETH
26.4.2024
NFT art collection, CryptoPunks, has sold another record breaking piece entitled CryptoPunk 635 on the Ethereum blockchain for $12.38 Million ETH, the collection announced Thursday in a statement to X. It marks the latest high-value transaction for the digital art company after selling another rare...
Rare Alien CryptoPunk NFT Sells For Record Breaking $12.38 Million ETH
26.4.2024
NFT art collection, CryptoPunks, has sold another record breaking piece entitled CryptoPunk 635 on the Ethereum blockchain for $12.38 Million ETH, the collection announced Thursday in a statement to X. It marks the latest high-value transaction for the digital art company after selling another rare...
Cryptopunk #635 Achieves $12.41M Sale, Joins Ranks of Top Priciest NFTs
25.4.2024
On Thursday, a Cryptopunk NFT with an alien theme changed hands for 4,000 ether, equivalent to $12.41 million. This particular Cryptopunk, #635, ranks as the sixth priciest in the Cryptopunks collection. Cryptopunks Collection Sees Another Major Sale With $12.41M Transaction In 2024, another...
OKX Partners with Manchester City to Mint Commemorative NFT Football Shirts
22.4.2024
OKX announced the initiative to redesign Manchester City team shirts to be minted as digital collectibles named 'The Roses and the Bees' as Non-Fungible Tokens (NFTs) by fans worldwide through the OKX app
The post OKX Partners with Manchester City to Mint Commemorative NFT Football Shirts appeared...
Crypto Exchange Okx Partners With Manchester City to Launch Football Shirts Mintable as Digital Collectibles
22.4.2024
Okx and the English football club Manchester City have partnered to launch commemorative football shirts that can be minted as non-fungible tokens (NFTs). Fans of Manchester City, the reigning English football champions, will be able to mint the “Unseen City Shirts” digital collectible...
Japan’s SBI Group Plans to Issue NFTs Built on XRP Ledger for World Expo 2025 in Osaka
19.4.2024
Japan’s SBI Group is planning on issuing non-fungible tokens (NFTs) built on XRP Ledger during the World Expo 2025 to be held in Osaka, Japan.
The post Japan’s SBI Group Plans to Issue NFTs Built on XRP Ledger for World Expo 2025 in Osaka appeared first on Cryptonews
PayPal Says NFT Purchases No Longer Backed By Its Protection Program
17.4.2024
Payments giant PayPal plans to remove non-fungible token (NFT) purchases from its purchase protection program from May 20.
The post PayPal Says NFT Purchases No Longer Backed By Its Protection Program appeared first on Cryptonews
A Fifth of Gen Z, Millennials Own Crypto; Over 60% Have Tried at Least One of Six Financial Hacks
12.4.2024
Approximately a fifth of America’s Gen Z and Millennials own cryptocurrency but only 20% own real estate, the latest Policygenius 2024 Financial Planning Survey has found. The survey report asserts that Baby Boomers have “benefited greatly from housing wealth,” which now accounts...