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The Need for Cross-chain NFTs in a Multichain Ecosystem
18.12.2022
Ramani Ramachandran is the CEO and Co-Founder of Router Protocol and Dfyn Network.__________
For a multichain ecosystem to thrive and crypto to evolve, cross-chain non-fungible tokens (NFTs) are a must....
Read More: The Need for Cross-chain NFTs in a Multichain Ecosystem
Court in China Determines That NFTs Represent Virtual Property and Are Protected by Law
7.12.2022
Though a court in China ruled against the claims made by a non-fungible token (NFT) buyer, it found that these tokens are virtual property protected by law.
The ruling was reached by a court in the city of Hangzhou, the capital of the Chinese province of Zhejiang, in a case that involved...
Coinbase Disables NFT Trading on Wallet Due to Apple’s App Store Policies – Here’s What Happened
2.12.2022
Major crypto exchange Coinbase announced that users can no longer transfer non-fungible tokens (NFTs) using Coinbase Wallet iOS - the 'culprit' being Apple's App Store policy.
"You might have noticed you can't send NFTs on Coinbase Wallet iOS anymore," said Coinbase in their tweet on Thursday...
Cristiano Ronaldo Launches NFT Collection With Binance Crypto Exchange
16.11.2022
“The legend is coming to Binance,” said the exchange.
Football giant Cristiano Ronaldo will be launching his non-fungible tokens (NFT) collection this Friday.
“My NFT collection is coming on November 18, exclusively on Binance,” said Ronaldo in a tweet. He added that fans can use a referral code...
PlayStation Dives into NFT World with New Patent, Rival XBOX Lags Behind
15.11.2022
A newly published patent suggests that the gaming giant Sony PlayStation may use non-fungible tokens (NFTs) in-game – or at least they’re looking into it. Microsoft’s XBOX, meanwhile, seems to be looking in the opposite direction.
Sony’s patent is titled “US20220358450 - Tracking Unique In-Game...
KPMG & Aspen Digital Study Reveals Wealthy Asian Investors Are Keen On Crypto
25.10.2022
“Big four” accounting firm KPMG and technology and financial services company Aspen Digital found that family offices (FO) and high-net-worth individuals (HNWIs) in Hong Kong and Singapore "have embraced" the digital asset class, with more than 90% of survey respondents having already invested...
US IRS Releases New Reporting Guidelines for Digital Assets
20.10.2022
The US Internal Revenue Service (IRS) has released updated guidelines for reporting digital assets, clarifying the taxation of non-fungible tokens (NFTs) and stablecoins as well.
The IRS’ draft 2022 tax year guide has placed cryptocurrencies, stablecoins, and NFTs into the same category...
Damien Hirst Burns $10 Million Live as Part of NFT Project
13.10.2022
English artist and art collector Damien Hirst completed his year-long non-fungible token (NFT) project by starting the burn of $10 million worth of his physical artwork.
Hirst burned a part of the unclaimed physical artworks at his London gallery this Thursday during a live stream.
Asked how...
Stepn Reportedly to Lay Off 100 Employees Amid Market Downturn, Company Denies It
13.10.2022
Play-to-earn game Stepn, which lets users buy non-fungible token (NFT) running shoes and earn native crypto GMT through jogging, reportedly started a major layoff of its contract workers amid a market downturn – but the team behind the app denies firing staff....
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OpenSea NFT Marketplace Launches on Avalanche Blockchain
12.10.2022
Major non-fungible token (NFT) marketplace OpenSea has launched on the layer-1 blockchain Avalanche (AVAX).
The marketplace shared the news via a tweet on Tuesday:
TechCrunch reported that both companies have confirmed the news, saying that OpenSea will operate on the blockchain alongside...
OpenSea Announces Partnership with Warner Music Group
30.9.2022
Music and entertainment company Warner Music Group (WMG) has announced a collaboration with the major non-fungible token (NFT) marketplace OpenSea.
This partnership would “provide a platform for select WMG artists to build and extend their fan communities in Web3,” said the announcement....
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NFT Trading Volume Plummets 97% Since January
29.9.2022
Trading volumes in non-fungible tokens (NFTs) have taken a major dive, dropping nearly a 100% from their all-time high in January this year.
The trading volumes fell 97% from their record high, Bloomberg reported, citing data from Dune Analytics.
More precisely, they fell from $17 billion at...
Is Disney About to Make its Big Crypto Move into NFT, Metaverse and DeFi?
26.9.2022
Though it wouldn’t be its first step in this direction, there is yet another suggestion that the media giant the Walt Disney Company may be gearing up for a major move into the realms of the metaverse, non-fungible tokens (NFTs), and decentralized finance (DeFi).
Disney is looking to hire...
Coinbase is Giving Away ENS Usernames to Make Crypto Wallet Transfer Easier
22.9.2022
Major crypto exchange Coinbase has announced that it’s been working with decentralized identity infrastructure provider Ethereum Name Service (ENS) to offer Coinbase-managed web3 usernames free to users – enabling them to use that username instead of a traditional address to send and receive...
LG Taps Hedera Hashgraph for NFT Platform, Tests Crypto Wallet
5.9.2022
South Korean tech giant LG Electronics has tapped into the Hedera Hashgraph (HBAR) network to bring NFTs to television screens and is also testing a crypto wallet.
LG has released its NFT marketplace called LG Art Lab, available in the US on the company’s TVs running the webOS 5.0 operating system...
Bored Ape prices are down, but the NFT market is headed for new heights
30.8.2022
One study indicated the NFT market is headed for a $230 billion valuation by 2030 — an increase of more than 20 times compared to its height in 2021
South Korean Telecoms Giant LGU+ Moves Deeper into NFT Space
29.8.2022
LGU+, one of South Korea’s biggest telecoms firms, will issue a new batch of non-fungible tokens (NFTs) next month – as it looks to move further into the crypto and blockchain sectors....
Read More: South Korean Telecoms Giant LGU+ Moves Deeper into NFT Space
Gaming to Keep Crypto Users Warm During Winter: How Blockchain Technology Begins to Transforms Industries Outside of Finance
26.8.2022
Aron Beierschmitt is the CEO and Co-Founder of game development and R&D studio Laguna Games.__________
The first quarter of 2022 was profitable and encouraging for the crypto industry. The value of the global cryptocurrency market reached USD 1.7 trillion and was projected to double its size from...
Plant a Tree In-Game, You Plant It IRL: New Metaverse, NFT Game Where Real-World Actions Mirror Digital Ones Launches in 2023
25.8.2022
Blockchain company Alóki has bought 750 acres of land in Costa Rica and is building a new play-to-own metaverse which is nearing its launch.
As awareness of the need to cut greenhouse gas emissions is rising across the world, Alóki is developing a project to allow users to contribute...
NFT Market Rises in a Day; Over USD 100M in NFTs Got Stolen in a Year, Says Elliptic
25.8.2022
The market for non-fungible tokens (NFTs) has seen a relief rally in the sales volume over the past 24 hours, while blockchain analysis firm Elliptic found that over USD 100m in NFTs have been stolen over the past year.
The overall trading volume of blue-chip NFTs has seen an uptick over the past...