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South Korea Begins to Fulfill President Elect’s Pledge to Bolster the NFT Ecosystem
14.4.2022
An announcement by South Korea’s Ministry of Culture, Sports and Tourism appeared to fulfill incoming President Yoon Suk-yeol’s pledge to bolster the metaverse ecosystem after saying it will adopt a non-fungible token (NFT) copyright policy. Supporting the Metaverse Ecosystem...
First-Ever Jack Dorsey Tweet NFT Reauctioned, Receives Massively Lower Bid Than Expected as Hype Fades
14.4.2022
Twitter founder Jack Dorsey’s first-ever tweet, which sold for USD 2.9m worth of ethereum (ETH) back in March 2021, was put up for auction again and was apparently expected to fetch at least USD 50m, but has so far received the highest bid of just over USD 6,200....
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Mastercard Files 15 Trademark Applications for a Wide Range of Metaverse, NFT Services
14.4.2022
Mastercard has filed 15 trademark applications covering a wide range of services relating to the metaverse and non-fungible tokens (NFTs). “We are continually looking for opportunities to deliver new and unique experiences to our customers and cardholders,” Mastercard said....
Advertising Agency Launches Campaign to Free Jailed Egyptian Women With NFT Sales
13.4.2022
An advertising agency from the United Arab Emirates (UAE) and a non-governmental organization have launched a campaign that seeks to raise funds for jailed Egyptian women via the sale of non-fungible tokens (NFTs). The funds raised are already being used to pay off their debts, allowing...
US Record-Holding Astronaut Scott Kelly Drops First-Ever NFT To Support Ukraine
12.4.2022
Ukraine’s courageous fight against Russia’s invasion continues to inspire efforts across the cryptosphere and beyond, with former NASA astronaut Scott Kelly officially dropping his first-ever non-fungible token (NFT) to aid the Ukrainian war effort....
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NFT Entertainment Accelerates: BAYC Film Trilogy and Snoop Dogg's NFT Collection on Cardano
12.4.2022
Popular non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC) is launching a three-part film series with major crypto exchange Coinbase, while Snoop Dogg is collaborating with NFT project Clay Nation to launch a new collection on Cardano (ADA).
Coinbase's official Twitter account...
Two New ERC Standards Aim to Standardize Tokenized Vaults and Add Refund Option to NFTs
11.4.2022
Developers can create new ERC standards that define a required set of functions for a token type - and they did just that. Two recently created ones have each attracted some attention and may find adoption in the future.
Crypto users are probably familiar with numerous ERC standards, the most...
How NFT Finance Accelerates NFT Mass Adoption
10.4.2022
Stephen Young, Founder & CEO, NFTfi, an NFT collateralized loan marketplace.
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How to Hedge Your NFT Collection With Ethereum Derivatives
9.4.2022
The majority of the non-fungible token (NFT) market resides on Ethereum (ETH), tying the performance of the NFT market – to a degree – to the value of ether as most NFTs are priced in ETH.
Therefore, NFT collectors who are concerned about a potential market downturn could hedge the value...
NFT Self Defense: Staying Safe in Web3
8.4.2022
John Ennis, Ecosystem Lead of Gnosis Safe, a multi-signature (multisig) wallet solution.
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From BAYC, Cryptopunks, Meebits, NFT collections are gaining mainstream attention from brands to celebrities to everyday individuals, but not all this attention has been positive. NFT hacks...
Armaldia: Play, Buy Your Own NFTs, Make a Profit
8.4.2022
PRESS RELEASE. Facebook transformation to Meta a conceptual displacement towards Metaverse and Web 3.0, crypto and NFTs (non-fungible tokens) are perceived by the global community as a game changing leap forward with a huge potential. The estimated number of global crypto users is 106 million...
NFT Market Shows Signs of Maturing as Sales Expand Beyond Ethereum
7.4.2022
Between January and March 2022, non-fungible token (NFT) trading volumes cooled down from a hot January start, but the number of trades increased significantly in networks outside Ethereum (ETH) -- indicating an expanding NFT market with broadening adoption across the ecosystem, according to...
OpenSea Now Supports Solana NFTs in Beta
7.4.2022
Non-fungible tokens (NFTs) based on the Solana (SOL) blockchain, a public blockchain and a rival to Ethereum (ETH), are now supported by the major NFT marketplace OpenSea.
According to OpenSea's website, the support for Solana NFTs is currently in beta and comes with limited collection...
Sky Mavis Releases Early Access of Its Much-Anticipated Axie Infinity: Origin
7.4.2022
Sky Mavis, the firm behind the popular blockchain-based online video game Axie Infinity (AXS), has announced the Early Access release of its much-anticipated update Axie Infinity: Origin.
Also known as "Battles v3," Axie Infinity: Origin is a new battle system that its creators say offers...
Meta to Introduce Virtual Tokens that Are Not Cryptocurrency - Report
7.4.2022
Meta, the parent organization of social media platforms Facebook, Instagram, and WhatsApp, is reportedly drafting plans to introduce virtual coins that are not based on a blockchain.
“Zuck Bucks,” which is how it is called by Meta employees internally, is one of these virtual coins designed...
Metaverse Land Prices Fall, But Still Outperform Ethereum
6.4.2022
Prices of land plots in the metaverse fell by 18% last month from an all-time high seen the month before, according to an index covering 30 of the top virtual worlds. However, virtual land still outperformed the price of Ethereum’s native token ETH when seen over the past year as...
NFT Traders, Beware of Social Engineering Hacks
6.4.2022
Holders of blue-chip non-fungible tokens (NFTs) have long been targets of various types of attacks given the value of their possessions - and now scammers seem to have found new loopholes to take advantage of.
A popular vector of attack for scammers has so far been malicious links, where...
Ukraine Will Auction Off Received NFT Donations
6.4.2022
Ukraine is preparing the launch of a web page where it would auction off around 300 non-fungible tokens (NFTs) the country has received in donations.
Among the donated NFTs, there is a CryptoPunk, which was sent to the country's official Ethereum (ETH) address in early March, according...
Coffee Giant Starbucks Aims to Enter NFT Business
5.4.2022
Starbucks, an American multinational chain of coffeehouses, aims to enter the non-fungible token (NFT) business by the end of the year.
Billionaire businessman Howard Schultz, who has rejoined Starbucks as interim CEO, announced the news at an Open Forum on Monday, claiming that they plan to...
Game Developer Group States Using NFTs in Gaming Presents Ethical Issues
4.4.2022
The International Game Developers Association (IGDA), a group integrated by a number of game developers and programmers from companies across the globe, has addressed the use of NFTs (non-fungible tokens) in the gaming industry. The director of the group has stated that the introduction of these...