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Visa Doubles Down on Its Crypto Bet, Launches Crypto Consulting Service
8.12.2021
Multinational financial services giant Visa is pushing deeper into the booming crypto market, launching crypto advisory services to help clients understand various segments of the crypto industry.
In an announcement, the payment network acknowledged that "digital currencies are taking greater...
Pak’s NFT Collection Breaks an Art Auction Price Record
7.12.2021
Popular digital artist Pak has sold some 250,000 non-fungible tokens (NFTs) for a total of USD 91.8m on the NFT marketplace Nifty Gateway - now considered to be the highest original price to be paid at an auction for the work of a living artist.
The art collection, Merge, was sold between...
Virtual Metaverse Plots Outpace Top NFT Collection Sales, Play-to-Earn Tokens Surged in Value This Year
6.12.2021
During the last seven days, virtual lands sold in the metaverse have outpaced a great number of non-fungible token (NFT) sales. Moreover, metaverse native crypto tokens like axie infinity, sandbox and decentraland and play-to-earn digital assets in general have jumped significantly in value this...
Only 1 in 4 NFTs Bought During Minting Result in Profit - Chainalysis
6.12.2021
Data acquired from the major non-fungible token (NFT) marketplace OpenSea reveals that merely 28.5% of NFTs purchased during minting lead to a profit. On the other hand, more than 65% of NFTs bought from other users on the secondary markets result in profit.
NFTs "are far from a surefire...
Binance Smart Chain, Animoca To Bet USD 200M On Crypto Gaming Startups
6.12.2021
Binance Smart Chain (BSC) has unveiled a USD 200m investment program developed in partnership with Animoca Brands, a company focused on non-fungible token (NFT) and gaming digital property rights - aiming to finance early-stage blockchain-based gaming startups.
BSC is a blockchain network built...
Ross Ulbricht Genesis Collection NFT Auction Sees Millions of Dollars in Ethereum Bids
5.12.2021
Two days ago on December 2, the Ross Ulbricht Genesis Collection auction of non-fungible token (NFT) assets kicked off at Art Basel Miami via the Superrare platform. The Ulbricht NFT collection auction ends on December 8, and so far the auction has seen a bid of 666 ether or roughly $2.6 million....
Virtual Land Adjacent to Snoop Dogg’s Sandbox Estate Sells for $450K in Ethereum
4.12.2021
The popular American rapper Snoop Dogg revealed at the end of September that he acquired land in the blockchain-based virtual metaverse The Sandbox and had plans to recreate his mansion. On December 2, The Sandbox held a “Snoopverse Land Sale,” which allowed participants to purchase...
MetaGods Raises $3M Investment to Develop Play-to-Earn 8-Bit Action RPG
4.12.2021
PRESS RELEASE. MetaGods, the world’s first play-to-earn 8-bit action role-playing game built on the blockchain, has raised $3 million USD in funding from supporting investors. Numerous investors and partners have partnered with the initiative to combine blockchain technology and the fast...
Crypto Exchanges in 2022: More Services, More Compliance, and Competition
4.12.2021
For many people, exchanges are pretty much the core of the crypto market and industry. They facilitate the all-important trades in the world’s virtual currencies, and by doing so, they reveal which are likely to become the biggest in the future....
Read More: Crypto Exchanges in 2022: More...
British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes
4.12.2021
The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your...
Blockchain.com Reveals Non-Fungible Token Marketplace and NFT Explorer
3.12.2021
The crypto firm Blockchain.com is joining the slew of digital currency exchanges that have launched non-fungible token (NFT) marketplaces in recent times. On December 2, the company announced it is launching the Blockchain.com NFT marketplace, and select users can sign up for beta access today....
The Liquidity of Creativity: Why NFTs Need an On-Chain IP Management System
3.12.2021
Victor Zhang is head of Stormbird Labs, AlphaWallet's tokenization lab. Victor has been immersed in NFTs for over the last 4 years, working on tokenization of digital and real assets.
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When you buy a non-fungible token (NFT), what do you really own? ...
Read More: The Liquidity...
Saxo Bank's 'Outrageous Prediction' on NFT-Based Platforms Disrupting Spotify
3.12.2021
Denmark’s Saxo Bank has released a set of 10 “outrageous predictions” for next year, among others forecasting that digital rights platforms based on non fungible tokens (NFTs) have the potential to disrupt Spotify’s robust position in the global music distribution industry.
The bank explains...
USD 1.2M Bid Placed on NFT Piece by Silk Road Founder Ross Ulbricht
3.12.2021
A piece from the non-fungible token (NFT) collection by the Silk Road darknet market founder Ross Ulbricht has already fetched a bid of nearly USD 1.2m with days more to go.
Ulbricht, currently in his ninth year of serving a double life without parole in a US federal prison, previously...
Adidas Steps Into the Metaverse by Partnering With NFT Projects Bored Ape Yacht Club, Punks Comic
3.12.2021
The German multinational corporation that crafts athletic shoes, sportswear, and accessories, Adidas AG is teaming up with the non-fungible token (NFT) brands the Bored Ape Yacht Club, and the comic series Punks Comic. Adidas revealed last week that the company partnered with Coinbase and believes...
Metaverse Spurs USD 100M In Weekly Land Plot NFT Sales
2.12.2021
The demand for digital land in Meta (formerly Facebook)’s Metaverse are booming, with last week bringing USD 100m in non-fungible token (NFT) land sales, according to a recent report by dapp information provider DappRadar. The four leading virtual worlds, The Sandbox, Decentraland, CryptoVoxels...
$7.5 Million NFT Collection Accused of Using Art Without Permission Threatened by Legal Action
1.12.2021
While non-fungible token (NFT) assets have been extremely popular in 2021, there’s been a slew of issues tied to the ecosystem as well. A recent report indicates that roughly a dozen artists are considering taking legal action against an NFT collection called “Art Wars” because...
Metaverse is a 'Massive, Massive Opportunity' for Crypto – BofA Strategist
1.12.2021
The metaverse will be what finally pushes crypto to be used as currencies in the virtual world, a strategist at Bank of America (BofA) said about the potential of the fast-growing crypto niche....
Read More: Metaverse is a 'Massive, Massive Opportunity' for Crypto – BofA Strategist
Silk Road’s Founder Ross Ulbricht To Launch NFT Auction
1.12.2021
The infamous Silk Road darknet market founder Ross Ulbricht is set to launch his non-fungible token (NFT) auction as he enters his ninth year of serving life without parole in a US federal prison.
The collection is scheduled to be auctioned between December 2 and December 8 on the SuperRare...
As Traditional Treasuries Go Out Of Date, DAOs Are Changing The Playing Field
1.12.2021
‘Redmption’ is the community foreman at decentralized finance (DeFi) project Harvest Finance.
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Read More: As Traditional Treasuries Go Out Of Date, DAOs Are Changing The Playing Field