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ZachXBT Reports BAYC & Beanz NFT Worth Over $235k Hacked
3.7.2024
A recent report by blockchain investigator ZachXBT shows that one NFT user lost 6 Bored Ape Yacht Club (BAYC) and 40 Beanz Non-Fungible Tokens (NFTs). At the time of this writing, no official investigations have been channeled to recover the drained NFTs. An NFT trader loses 6 X Bored Apes and...
RWA platform Swarm Markets to release NFT-tokenized gold
25.6.2024
The EU’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules are scheduled to take effect in just over one week. However, Berlin-based RWA tokenization platform Swarm Markets has identified a potential solution by issuing a gold-backed NFT as an asset-backed token. Swarm Markets...
Bitwise’s Ethereum ad now mintable as NFT
21.6.2024
A new switch that Bitwise has adopted is integrating the old-fashioned way of advertising through print media and technology into the current society. They have come up with the first national Ether television advertisement for a spot Ether exchange-traded fund (ETF) which doubles up as a mintable...
BAYC’s fall from grace: Analyzing the decline of an NFT giant
21.6.2024
Industry giant BAYC is reportedly on the verge of collapse. This comes after BAYC declined from 150Ξ to 8Ξ. A total of two factors have been identified as core reasons behind this decline: minting at a bonding curve price and the departure of Gordon Goner, the original founder of the...
Ethereum NFT market slides as Blur farming scheme raises concerns
19.6.2024
Ethereum-oriented NFT collectibles like Pudgy Penguins and Bored Ape Yacht Club, have been on a downward swing since Blur farmers have aired their opinions. In the case of the competition, the scenario seems to be no different. For instance, DeGods has declined by 32%, whereas Azuki has seen a fall...
Doodles to shift its Stoodio avatar customized platform to Base in July
18.6.2024
Doodles plans to transfer its Stoodio avatar customized platform to Base, an Ethereum layer 2 upgrading network, uprooting itself from the Flow blockchain. This movement is slated for some time in the middle of July. The intention behind this is to be able to utilize Base’s cost-effective...
NEAR Protocol teams up with Inspect to boost the NFT ecosystem
14.6.2024
In an unexpected breakthrough for the blockchain sector, a renowned data provider has announced its intention to partner with NEAR Protocol to strengthen their NFT market. This partnership will include the integration of a new data layer that is expected to transform how people interact with Web3...
Enjin and George Murphy expand musical reach through NFTs and RWAs
14.6.2024
Enjin has announced a partnership with George Murphy and The Rising Suns. The objective is to expand the reach to a billion users of NFT via the Enjin ecosystem. This marks the first time for George Murphy as he ventures into the segment of non-fungible tokens. They will collectively work to offer...
Retailers in South Korea withdrawing NFT related activities
13.6.2024
Big time players in South Korea’s retailing sector are pulling down the shutters regarding their non-fungible token (NFT) related activities. These include brands such as Hyundai and Lotte, which is withdrawing its e-commerce wing, Lotte Home Shopping, an NFT trade platform. It has been only...
South Korea enacts Virtual Asset User Protection Law, issues NFT guidelines
10.6.2024
South Korea is making significant strides in regulating the rapidly evolving cryptocurrency landscape with the implementation of the Virtual Asset User Protection Law. This landmark legislation, now in effect, aims to safeguard users and ensure the integrity of the virtual asset market. Alongside...
Discover the realm of AstarNetwork NFT with Sonova
7.6.2024
Sonova, an exclusive NFT space that is designed for collectors and active traders on the Astra network, aims to foster the development of potential NFT projects and activities that are capable of establishing sustainable ecosystems. Their innovative platform is driven by seasoned professionals...
OKX and McLaren F1 Team to launch ‘Race Rewind’ digital collectibles
7.6.2024
A new digital collectible series called “Race Rewind” will be released by OKX, a cryptocurrency exchange, and the McLaren Formula 1 Team. This will give fans a chance to win special McLaren prizes. The extravagant event is to take place soon, and the ardent admirers of F1 will be able...
Galaxy Digital loans multimillions against tokenized Stradivarius violin
5.6.2024
The co-founder of Animoca Brands purchased the violin at an auction for over 9 million dollars. According to the Animoca cofounder, it is just the beginning of a journey for Empress Caterina and special real-world assets. The Vice President of Galaxy Digital said that tokenization of physical...
Animoca Brands Japan launches its NFT launchpad ‘SORAH’
31.5.2024
The NFT launchpad, called SORAH by Animoca Brands Japan, is slated to launch in the summer of 2024, according to Animoca Brands Japan, a strategic subsidiary of Animoca Brands. SORAH by Animoca Brands Japan will serve as an NFT launchpad platform that facilitates the sale of NFTs to support...
New NFT sale by Monster World is live
30.5.2024
The public stage of the new NFT sale by Monster World has already begun, and purchasing Nyang kits, discovery packages, and starter packages is now possible. The non-fungible token sale can be paid using RON, SLP, AXS, USDC, or WETH. 1 RON features 250,000 Nyang, the Monster World, and ZERO X...
NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report
30.5.2024
The US Treasury findings highlighted several potential risks and security concerns and challenges involved in NFTs.
The post NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report appeared first on Cryptonews
Ronaldo unveils 4th NFT collection, Rabbit responds to Coffeezilla: Nifty Newsletter
29.5.2024
AI company Rabbit denied Coffeezilla’s claims that the firm was not forthright about the open-sourcing of its past NFT project
NFT market sees Ethereum and Solana go head-to-head
28.5.2024
Ethereum and Solana are fighting two battles – growth in the trading market and growth in NFT marketplaces. Interestingly, it is a close call with a large dependence on the participation of members. Solana is leading in sales volume, while Ethereum is banking higher values. Solana...
Yuga Labs unveils exciting new projects for Bored Apes
27.5.2024
Bored Apes creator Yuga Labs has recently been busy in the realm of NFTs and Web3. Greg Solano, the co-founder, posted about the company’s recent activities, proving that they are willing to advance and experiment in gaming and social connections. While using his official X account, Solano...
Ronaldo’s new NFT collection with Binance defies $1B lawsuit
27.5.2024
Cristiano Ronaldo, the iconic Portuguese football superstar, has launched his fourth NFT collection in collaboration with Binance, the world’s leading cryptocurrency exchange. This new collection features exclusive digital art pieces that celebrate Ronaldo’s illustrious career...