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NFTs and 'Insider Trading': How to Stay in Compliance
19.8.2022
Snežana Gebauer is Partner and Chris Walsh is Manager at global advisory firm StoneTurn.__________...
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Solana-Based Phantom Wallet Unveils 'Burn NFTs' to Protect Customers From Scams
18.8.2022
Solana (SOL)-based wallet provider Phantom has announced a new feature that will burn spam non-fungible tokens (NFTs) sent by scammers.
In an August 18 blog post, the Phantom team said that spam NFTs have evolved to be a practical way for bad actors looking to steal users’ funds....
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New NFT Utility Platform Launches to Compete for 60M Twitch, YouTube Creators
17.8.2022
Amid the ongoing surge in the so-called 'creator economy' which allows creators to monetize their work in new ways, non-fungible token (NFT) platform PlayNFT is launching a new marketplace to allow Twitch streamers and YouTube creators to roll out branded NFTs with in-game utility intended...
Enter Frida Kahlo's Red House: Decentraland is Preparing ‘Mind-Bending Installations' for Metaverse Art Week
17.8.2022
The metaverse project Decentraland (MANA) has announced the lineup for its 3rd annual Metaverse Art Week titled The World is Made of Code, which includes “mind-bending” work from contemporary artists and contributions from a Ukrainian non-fungible token (NFT) project....
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South Korea’s SK Securities to Team up with Regional Bank for Crypto Custody, NFT Move
16.8.2022
The securities arm of South Korea’s second-largest business group will take the crypto plunge – and will team up with a domestic commercial bank as part of its efforts....
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‘Durmientes’ Aims to Be One of the First Films Funded Fully With NFT Sales in Latam
16.8.2022
“Durmientes,” a new movie that will be directed by Gibran Bazan, a Mexican filmmaker, aims to be funded fully by the sale of a series of non-fungible tokens (NFTs). The NFTs, which will be sold on Metaown, a Mexico-based NFT marketplace, and designed by artist Gabriel Colin, will...
19 celebrities called out by consumer watchdog group for shilling NFTs
16.8.2022
Consumer watchdog group Truth in Advertising says celebrities promoting non-fungible tokens (NFTs) on their social media channels is an area "rife with deception."
Most Popular Dog Coins Rise for 4 Consecutive Weeks, as Major Shiba Inu Development Nears
15.8.2022
Meme coins like shiba inu (SHIB) and dogecoin (DOGE) are on the rise in the market, with SHIB, in particular, standing out as the third-best performer among the top 100 cryptoassets by market capitalization over the past week.
At press time (09:25 UTC) on Monday, SHIB traded at USD 0.001569,...
EU Parliament’s Rapporteur on MiCA Crypto Law Stefan Berger Sells Pair of Slides as NFT
15.8.2022
“Freedom in a wallet” is how Member of European Parliament Stefan Berger describes the non-fungible token (NFT) he is now selling on Opensea. The NFT represents a pair of ‘Bergoletten’ slides. Shoes symbolize the first step in every development, says Berger who invested...
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...