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Weekly NFT Sales Show Improvement, Fantom and Immutable X NFT Volume Spikes
14.8.2022
Non-fungible token (NFT) sales managed to climb higher during the last seven days than the previous week’s overall sales. This week’s NFT sales managed to jump over 6.3% after recording more than $153 million in sales compared to last week’s $144 million. Non-Fungible Token...
Axie Infinity Surpasses $4 Billion in All-Time Sales, Team Removes SLP Rewards From Classic Game Mode
13.8.2022
After recording more than $4 billion in all-time sales, Axie Infinity announced the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode. The team also introduced non-fungible token (NFT)...
Japan Appoints Political Heavyweight as New Digital Minister, Boosting Web3 Hopes
13.8.2022
Hopes are high in Japan that the government will put Web3 development at the front and center of its economic plans – after its Prime Minister appointed a new minister in charge of digital affairs.
On Twitter, the politician Taro Kono announced that he had been appointed to the post by the Prime...
Fractional NFT Markets Slide 76% in Value in 7 Months, Diced-up Doge NFT Still Leads the Pack
10.8.2022
When non-fungible token (NFT) collectibles became popular, the fractionalized NFT market grew past the $200 million range seven months ago in December 2021. Since then, the fractionalized NFT market has lost more than 76% in value, dropping to an overall market capitalization of around $50 million....
Report: Samsung Signs MOU to Build Galaxy NFT Ecosystem
10.8.2022
Korean electronic goods producer Samsung Electronics recently signed a memorandum of understanding (MOU) with six companies that will collaborate to build the Galaxy NFT ecosystem. Galaxy NFT Ecosystem South Korean electronics maker, Samsung Electronics, recently signed a memorandum...
Reddit Community Points Ready for the Ethereum Mainnet Move
9.8.2022
Offchain Labs, the developer behind the Arbitrum Ethereum (ETH) scaling solution, says it will help the social media platform Reddit move its community points system onto Ethereum’s mainnet. The firm was selected as the winner of the Great Reddit Scaling Bake-Off event earlier this year....
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Tiffany & Co. NFT Sale Sells out, Luxury Jewelry Retailer Rakes in $12.5M in Ethereum
7.8.2022
On August 5, 2022, the American luxury jewelry retailer Tiffany & Co. announced that the company’s non-fungible token (NFT) mint called “Nftiff” sold out. Tiffany’s sold 250 Nftiffs for 30 ethereum per Nftiff raking in more than $12.5 million from the sale. The NFTs...
Meta Expands Instagram’s NFT Rollout to 100 Countries — Platform Connects With Third Party Web3 Wallets
5.8.2022
In a blog post called “Introducing Digital Collectibles to Showcase NFTs on Instagram,” the parent company of Facebook, Meta, announced the company has started an “international expansion to 100 countries.” The company also revealed integrations with specific Web3...
Virtual Land Sales Take a Plunge Amid Broader Crypto Downturn
4.8.2022
Virtual real estate is seeing a crash of its own as prices of land in various metaverses, as well as sales volumes, have plunged to the lowest levels in months - amid a broader crypto downturn that has seen around USD 2trn wiped from the crypto market capitalization.
According to a dashboard...
Here’s How Web3 Can Wipe Out Issues the Ticketing Industry Has Faced for Decades
3.8.2022
Josh Katz is the chief executive officer (CEO) and founder of Web3 ticketing platform YellowHeart.__________
Web3 first began as a vision of a decentralized internet that allows people to fully own digital items. Sounds simple enough, which is why so many different industries have jumped at...
Majority of NFT Collections Reinvest Ethereum Back Into System - Nansen
2.8.2022
In the first half of 2022, market participants spent ETH 963,227, worth about USD 2.7bn, on non-fungible token (NFT) minting on the Ethereum blockchain, with 50.7% of the raised crypto staying with NFT projects, and the remainder circulated to non-entity wallets, according to a report by blockchain...
Luxury Retailer Tiffany & Co. Announces Jeweled Cryptopunk Pendants Tied to NFTs
1.8.2022
The luxury jewelry and specialty retailer Tiffany & Co. announced the firm is planning to sell 250 non-fungible token passes called “Nftiff.” Essentially, Cryptopunk holders will be able to acquire one of the 250 Nftiffs for 30 ether or roughly $50K using today’s ethereum...
Jewelry Giant Tiffany & Co to Sell CryptoPunk NFT Pendants for Ethereum
1.8.2022
Crypto community members and Ethereum (ETH) advocates have given Tiffany & Co a mixed reaction after the luxury jeweller unveiled a range of CryptoPunks NFTs-themed gold and gem-encrusted pendants....
Read More: Jewelry Giant Tiffany & Co to Sell CryptoPunk NFT Pendants for Ethereum
Ethereum Co-Founder Vitalik Buterin Criticizes Corporate Metaverse Attempts — ‘Anything Facebook Creates Now Will Misfire’
1.8.2022
On Saturday, the co-founder of Ethereum, Vitalik Buterin, took to Twitter and gave his perspective on the “existing corporate attempts to create the metaverse.” Buterin noted that a metaverse will happen, but he doesnt believe the current corporate metaverse attempts are going...
Apecoin DAO Approves Funding a Bored Ape-Centric News Publication
30.7.2022
Apecoin DAO community members have approved a governance proposal that will fund a Bored Ape Yacht Club (BAYC)-centric news publication called the Bored Ape Gazette with $150,000 for the first year. While the Bored Ape Gazette has been in operation since June 1, 2021, the site’s operator...
Funko Partners With Entertainment Giant Paramount to Drop Avatar Legends NFTs
30.7.2022
On July 29, the pop-culture consumer products firm, Funko, announced that the company has partnered with the multinational mass media and entertainment corporation Paramount Global. The two corporations plan to introduce a series of non-fungible tokens (NFTs) based on the Avatar Legends universe....
NFT Mystery Boxes: What Are They & Are They Worth It?
30.7.2022
The non-fungible token (NFT) market has drawn equal admiration and controversy among people interested in making money in the digital realm. Arguably one of the most peculiar products on sale in this market are NFT mystery boxes.
Read on to find out what NFT mystery boxes are and whether they...
Binance to Sell NFT Tickets for Major Italian Soccer Club Lazio
30.7.2022
Crypto exchange Binance will be offering NFT tickets for the games of one of Italy’s leading soccer teams, Lazio, during the upcoming season in the Italian Serie A championship. Supporters of Lazio will be able to use the tokens to also take advantage of various discounts. Lazio Fans to...
Top NFT Collections Rise in Price After Latest US Fed Hike
28.7.2022
Floor prices of some of the most popular collections of non-fungible tokens (NFTs) rose over the past 24 hours, as the US Federal Reserve (Fed) on Wednesday announced yet another rate hike in line with what the market was expecting.
According to the NFT data provider DappRadar, the floor prices...
UK Law Commission Publishes Proposals to Reform Laws Relating to Digital Assets — Says Reforms Must Not ‘Stifle Development’
28.7.2022
According to the Law Commission, the United Kingdom statutory body, digital assets play an increasingly important role in modern society and as such, the law relating to these must be reviewed. Reforming the laws will not only protect the rights of users and maximize the potential of digital assets...