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China’s Ministry of Industry Aims to Foster NFT and Dapp Growth Despite Crypto Ban
20.12.2023
Source: AdobeStock Lukas / Hlavac China’s Ministry of Industry and Information Technology has published a document outlining its current and future work on developing Web3 and related technologies, including metaverse, non-fungible tokens (NFTs), and decentralized apps (dapps). The document...
China to Craft a Document for Web3 Development Involving NFTs, DApps, Cross-Chain, and Privacy Computing
20.12.2023
Image Source: Pexels The Chinese central government has revealed plans to create a strategic document to guide the development of China’s Web3 ecosystem. The document will support the growth of Web3 technologies such as non-fungible tokens (NFTs) and decentralized applications (DApps)...
Major NFT Indicies Stable After NFT Trader Hack
18.12.2023
Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were returned to their owners after Yuga Labs' Greg Solano and Boring Security DAO paid a bounty
Non-fungible tokens (NFTs) and the XRP ledger: Exploring the connection
18.12.2023
Non-fungible tokens (NFTs) emerged recently, and digital possession and art rules have changed. One of the fascinating developments is embedding NFTs in XRP Ledger – a blockchain famous for its super-fast and high-throughput transaction confirmation. The scalability and cheap transactions on...
Bitcoin Core Dev Discusses ‘Firing’ All Miners With PoW Algo Change: Feisty Exchanges Mark Growing Divide
18.12.2023
Over the last ten years, Luke Dashjr has emerged as a key player in the realm of Bitcoin development and the network’s open-source software. His opposition to specific trends within the Bitcoin ecosystem has gained more attention lately. He has labeled Ordinal inscriptions and non-fungible...
P2P Platform NFT Trader Falls Victim to Security Flaw, $3 Million in Blue-Chip NFTs Lifted
17.12.2023
Reports indicate, and the peer-to-peer non-fungible token (NFT) market platform has confirmed, that the NFT platform NFT Trader experienced a security breach. An assailant exploited an outdated smart contract, resulting in the theft of nearly $3 million worth of esteemed digital collectibles...
NFT Sales Soar to Over $500M; Bitcoin Leads With Unprecedented Growth
16.12.2023
Sales of non-fungible tokens (NFTs) have surged by 52.81% over the past week, reaching a total of $503.35 million. Bitcoin has emerged as the frontrunner in this week’s NFT market, generating $276.79 million in sales, surpassing Ethereum’s $99.67 million, which previously held the...
Super Mario-Inspired NFT Fetches Over $240K at Sotheby’s Auction
15.12.2023
Source: sothebys.com Major auction house Sotheby’s first inscription auction has been a success, closing with nearly $451,000 raised. Between December 6 and 13, Sotheby’s New York held an online sale of select BitcoinShrooms from the Bitcoin ordinals project by Shroomtoshi. Per...
Cheating Rampant in Blockchain Chess, Leading to Shutdown of Immortal Game’s Play-to-Earn Features
14.12.2023
Source: AdobeStock / Zdenek Sasek The management team of the blockchain chess game Immortal Game has decided to kill off its non-fungible tokens (NFT) play-to-earn (P2E) features. The reason: widespread cheating. “Our heart lies in chess,” the team said. They aim to make Immortal Game...
NFT-Focused Line Next Secures $140 Million Investment in Funding Round Led by Peter Thiel-Sponsored Firm
14.12.2023
Line Next, a subsidiary of Line Corporation, said on Dec. 13 that it has secured a $140 million investment in a funding round led by the Peter Thiel-sponsored Crescendo Equity Partners. Line Next has said it will use the capital raised to fund the expansion of its global business and develop...
SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination + More News
13.12.2023
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination Bitfinex Analyst: Fed’s Rate Hike Pause May Be Seen...
FIFA Enters NFT Arena, Offering Fans Digital Collectibles and World Cup Tickets
12.12.2023
Source: AdobeStock / Taljat FIFA, the famous international governing body for football, has announced a new digital collectible collection in its first collaboration with tech firm Modex – with some notable perks. ‘FIFA+ Collect’ will be dropping the “dual digital...
Pudgy Penguins Unveils Web3 Game ‘Pudgy World’ Powered by zkSync Era
11.12.2023
Source: pudgypenguins / Twitter Popular NFT project Pudgy Penguins has revealed the upcoming alpha launch of Pudgy World – a Web3 game based on the Ethereum Layer 2 network zkSync Era. According to the press release, the alpha will launch in Q1 of 2024. With it, Pudgy Penguins moves beyond...
December Sparks NFT Sales Surge — Bitcoin Dominates as Market Recovers, Iconic Collections Realign
9.12.2023
In the wake of a strong rise in non-fungible token (NFT) sales last November, the initial week of December continued this trend, with sales escalating by 57% compared to the previous week. Bitcoin Outshines as NFT Sales Skyrocket in Early December This past week’s NFT sales amounted...
Solana NFTs Eclipse Ethereum in Trading Volume Amid Surge
9.12.2023
Source: AdobeStock / Aleksandra Sova Solana (SOL) continues to experience upward momentum, with its non-fungible tokens (NFTs) witnessing considerably higher trading volume, surpassing even that of Ethereum. Projects like Mad Lads and Tensorians have seen significant price increases, multiplying...
NFT Trading Volume Surges 125%, Nears $1B in November: DappRadar Report
8.12.2023
Source: AdobeStock Digital collectibles or non-fungible tokens (NFTs) are currently experiencing a resurgence despite the ongoing bullish momentum in the broader crypto market. Capturing this shift, DappRadar’s November industry report revealed that the NFT ecosystem has sustained a positive...
Reebok’s Blockchain-Powered Gaming Experience Set to Transform Fashion
8.12.2023
Source: Futureverse, Reebok AI and metaverse technologies firm Futureverse and American sports culture brand Reebok have joined hands to create AI, Web3, blockchain-based gaming, and metaverse experiences. While the two are expected to make digital versions of Reebok wearables linked...
Ethereum Price Prediction as ETH Rises Above $2,300 – Can ETH Reach $3,500 by December 31?
7.12.2023
Source: Pexels Ether (ETH), the second most valuable cryptocurrency by market capitalization that powers the smart-contract-enabled Ethereum blockchain, was last up close to 5% on Thursday and just hit fresh highs for the year in the mid-$2,300s. Ethereum remains the dominant blockchain used...
Megadeth Drops NFT Collection, Offers Exclusive Access to Metaverse And Real World Events
6.12.2023
Megadeth’s new NFT drop enables exclusive metaverse and real-world access for fans. Image by Kerem Goktug Kaya, DALL-E 3. Yesterday, legendary American thrash metal band Megadeth announced the launch of a new non-fungible token (NFT) collection, offering fans exclusive access to digital...
Here’s Why Gamers Are Splurging on Square Enix’s Quirky NFT Characters
5.12.2023
Source: symbiogenesisPR / Twitter The Japanese gaming giant Square Enix has sold all character non-fungible tokens (NFTs) in the first auction for its upcoming game Symbiogenesis. Square Enix is the publisher of titles such as Final Fantasy, Kingdom Hearts, and Dragon Quest. The company’s...