NFT

Square Enix auction dates, Azuki DAO rebrands to Bean: Nifty Newsletter

In this week’s newsletter, read about footballer Cristiano Ronaldo facing a lawsuit after promoting nonfungible tokens (NFTs) tied to crypto exchange Binance, and find out how an NFT collector thwarted a hacking attempt by a person impersonating a journalist. In other news, Azuki DAO is rebrandin ...

NFT sales and pricing are driven by luck, scarcity, and optimism, according to multiple studies

A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the non-fungible token (NFT) market. Researchers from Western University in Canada, Tilburg University in the Netherlands, the University of North Carolina at Chap ...

Bitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestion

A new Bitcoin nonfungible token (NFT) marketplace aims to reduce network fees associated with the advent of Bitcoin Ordinals inscriptions by tapping into the Internet Computer Protocol (ICP).Developed off the back of the creation of Bitcoin Ordinals in early 2023, Bioniq operates on the IC ...

Cristiano Ronaldo sued for promoting Binance, unregistered securities

Pro-soccer star Cristiano Ronaldo has been hit with a proposed class-action lawsuit from plaintiffs claiming they suffered losses from his promotion of the now-legally embroiled crypto exchange Binance.A Nov. 27 filing to a Florida District Court claimed Ronaldo “promoted, assis ...

The ‘WAGMI’ mentality is undermining crypto

In 2021, it seemed as if 10 new Disneys — and the next 20 Picassos — were emerging from blockchain and various nonfungible token (NFT) collections.Exorbitant NFT values that year signaled strong belief in many projects. But two years later, those “next Disneys” have delivered little. The s ...

Asked to get a banana, a BAYC owner narrowly avoids a fake Forbes scam

A Bored Ape Yacht Club (BAYC) owner says he has managed to avoid a potentially “dreadful day” after being asked to retrieve a banana for a photo from someone they initially believed was interviewing them for Forbes.On Nov. 27, NFT collector ‘Crumz’ detailed his run- ...

Azuki DAO rebrands to ‘Bean’ as it drops lawsuit against founder

Azuki DAO, an unofficial community decentralized autonomous organization surrounding the namesake nonfungible token collection, has announced its rebranding to “Bean" as it drops a proposed lawsuit against the NFT collection’s founder, Zagabond, over a $39 million minting affair.  ...

Square Enix announces auction dates for Symbiogenesis NFTs

Final Fantasy game developer Square Enix announced auction dates for its upcoming Symbiogenesis non-fungible tokens (NFTs). In a Nov. 24 social media post, the team said it would sell the NFTs in three batches. The first batch will be auctioned from Nov. 27-28, the second from Nov. 30-Dec. 4 and ...

User claims $11M in Blur token rewards at NFT marketplace’s season 2 airdrop

A pseudonymous nonfungible token (NFT) trader made around $11 million in the recent airdrop reward distribution conducted by the NFT marketplace Blur. Dune analytics data showed that a wallet with the Ethereum Name Service (ENS) tag called “hanwe.eth” claimed a total of 22 ...

MAYC ripoff creator pleads guilty, G2A opens NFT platform: Nifty Newsletter

In this week’s newsletter, read about the creator of a Mutant Ape Yacht Club (MAYC) knock-off pleading guilty to fraud charges, check out how OpenSea’s non-fungible token (NFT) users received a massive phishing email campaign, and how Bitcoin transaction fees flipped Ethereum network fees as the ...

CoinMarketCap rival CoinGecko acquires NFT startup Zash

Major cryptocurrency tracking website CoinGecko is scaling its data offering by acquiring the nonfungible token (NFT) data infrastructure platform Zash.CoinGecko plans to integrate Zash’s NFT data into its Application Programming Interface (API) by the second quarter of 2024, the firm anno ...

How can NFTs help farmers — from production to distribution?

What are utility NFTs and how do they work?How do utility NFTs relate to agriculture?What problems do NFTs solve in agriculture?How can utility NFTs benefit farmers and consumers in the agricultural sector?What concerns or risks should the agricultural ...

Bitcoin transaction fees flip Ethereum’s as Ordinals hype returns

Average daily transaction fees on Bitcoin (BTC)  have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while Ethereum’s transaction fees came to an average of $ ...

Free-to-play Web3 games hold the key to mass adoption, YGG co-founder

Next year’s most successful Web3 games will pivot from play-to-earn (P2E) to instead focus on being completely free-to-play to dr in players, says Yield Guild Games CEO and co-founder Gabby Dizon. Speaking to Cointelegraph, Dizon said unlike games such as Axie Infinity — w ...

What are NFT DApps, and how to create and launch one?

The synergy between NFTs and DApps creates a dynamic ecosystem where digital ownership, decentralized finance and programmable assets converge, offering innovative solutions across various industries.Intersection of NFTs and DAppsDecentralized applications (DApps) and nonfungible tokens (N ...

Game distributor G2A opens gaming-focused NFT marketplace

Digital game vendor G2A has recently launched a marketplace for nonfungible tokens (NFTs) linked to Web3 games to expand its offerings by adding gaming NFTs to its wider collection of gaming software. According to a press release sent to Cointelegraph, the new venture launched on Nov. ...

Disney launches NFT platform, eye issues at ApeFest and NFT sales rise: Nifty Newsletter

In this week’s newsletter, check out Disney’s plans to release a nonfungible token (NFT) platform by the end of 2023 and find out why NFT sales volumes will likely continue their upward trend in the coming months. Read about China’s stance on NFT theft and why the CEO of Roblox “dreams” of intero ...

New York MoMA now has tokenized artworks in its permanent collection

Generative art is proving Web3’s creative anchor in the traditional art world. Last month, New York’s Museum of Modern Art (MoMA) made headlines by acquiring Refik Anadol’s “Unsupervised — Machine Hallucinations” (2022) alongside an edition from last year’s “3FACE” project by Ian Cheng. These two ...

Dairy Queen opens NFT pop-up store in China

Dairy Queen is partnering with local nonfungible token project Weirdo Ghost Gang (WGG) to create a pop-up NFT store in Chengdu, China.According to a press release seen by Cointelegraph, the “Ice and Snow Season” themed pop-up store is scheduled to run from Nov. 15 to Dec. 31 and will featu ...

OpenSea NFT users report massive email phishing campaign

Users of the major nonfungible token (NFT) marketplace OpenSea have said they are being targeted with a new email phishing attack, and have received emails containing malicious links from attackers posing as the marketplace itself.According to social media reports, OpenSea users and develo ...

Creator of Mutant Ape ripoff NFTs pleads guilty to $3M fraud scheme

The creator of the Mutant Ape Planet nonfungible token (NFT) collection — a knock-off of Yuga Labs’ Mutant Ape Yacht Club project — has pleaded guilty to conspiracy to commit wire fraud in a New York federal court.In a Nov. 14 statement, the U.S. Attorney’s Office f ...

Disney launches NFT platform with Dapper Labs

Disney has created a nonfungible tokens (NFT) platform together with blockchain and metaverse firm Dapper Labs.According to the November 14 announcement, Disney will tokenize its iconic cartoon characters from the past century onto its NFT marketplace dubbed "Disney Pinnacle." The platform ...

Animoca eyes SportFi ecosystem, becomes Chiliz Chain validator

Venture capital firm Animoca Brands will put its weight behind fan token blockchain Chiliz Chain as it joins the network as a validator within its proof-of-stake authority protocol.Chiliz Chain is the backbone of Socios.com, the platform that operates a plethora of fan tokens for some of t ...

NFT sales volume upward trend to continue, industry execs say

In the weeks leading to November, nonfungible token (NFT) data showed a consistent upward leap in weekly sales. While the volume is still far from its peak in 2021, executives in the industry believe the upward trend will likely continue. On Nov. 6, data published by blockchain analyt ...

Crypto is second most popular investment asset in France: Survey

Cryptocurrencies are the second most popular type of asset for investments among the adult French population, according to a survey by the Organisation for Economic Co-operation and Development (OECD) and published by France’s principal financial regulator, the Financial Markets Authority (AMF, o ...

China declares stealing digital collections like NFTs liable for criminal theft sentence

The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences. It outlines three views on the type of crime that theft of digital collections falls under, the first two c ...

Roblox CEO ‘dreams’ of in-game cross-platform NFTs and digital objects

The frontman of the popular virtual universe game Roblox, David Baszucki, has said he ‘dreams’ of having the ability to move nonfungible tokens (NFTs) and digital objects across multiple platforms. Following the company's Q3 2023 earnings call, Roblox founder and CEO ...

AAA studio Ubisoft to develop Web3 gaming experience with Immutable

AAA gaming studio Ubisoft has partnered with blockchain game firm Immutable to collaborate on developing Web3 games through its Strategic Innovation Lab.An announcement shared with Cointelegraph said the two studios will combine their expertise to intertwine mainstream gaming development q ...

Yuga Labs confirms UV lights likely cause of eye issues at ApeFest

Ultraviolet (UV) lights were the likely culptit behind the reported vision loss, eye pain and skin issues for at least 15 attendees of Yuga Labs’ ApeFest event in Hong Kong last week, the nonfungible token (NFT) conglomerate has confirmed.On Nov. 5, attendees began reporting eye and ...

NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial ...

Champ Medici talks Web3 communities, NFTs, music and gaming

The Web3 industry has experienced massive growth over the last many years, from a niche that saw the glimpses of the future of the internet, to a reality building that future with the brightest minds and makers. The space has also received support from a number of influential people, ...

Blockchain game Illuvium goes mainstream with looming Epic Games Store listing

Blockchain-based game Illuvium is set to tap into an audience of millions of PC and mobile gamers with its upcoming listing on Epic Games Store, which is home to massively popular titles like Fortnite.Illuvium, an interoperable blockchain game developed by Illuvium Labs, will feature on Ep ...

OpenSea investor marks down stake in platform by 90%: Report

United States tech investment firm Coatue Management has marked down the value of its stake in non-fungible token (NFT) platform OpenSea by 90%. On Nov. 7, The Information reported on a document it reviewed showing Coatue reduced its investment from $120 million to $13 million — ...

Nifty News: The Simpsons roast NFTs, Yuga Labs exec departs after anti-semitic tweets and more

The Simpsons roasts NFTs in new Halloween episodeAnimated television series The Simpsons spent an entire segment mocking nonfungible tokens (NFTs) during the latest 34th annual Treehouse of Horror Halloween special, in a segment called “Wild Barts Can’t Be Token.” ...

NFT sales volume jumps to $129M in November: Data

Nonfungible tokens (NFTs) have seen a steady increase in terms of weekly Ether (ETH) sales volume, according to the blockchain analytics platform Nansen. In a tweet, Nansen highlighted that on the week ending on Oct. 9, NFT sales were at 29,704 ETH, worth around $56 million at current ...

ApeFest attendees report ‘extreme pain’ and vision problems after event

Attendees of a Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong have reported burns, damaged vision and “extreme pain” in their eyes, which they attribute to the use of improper lighting.“Woke up in the middle of the night after ApeFest with so much pain in my e ...

OpenSea lays off 50% of staff with severance in preparation for version 2.0 launch

Nonfungible token (NFT) marketplace OpenSea announced on Nov. 3 that it was laying off employees. Co-founder and CEO Devin Finzer broke the news on X (formerly Twitter), saying the company was launching OpenSea 2.0 with a smaller team.OpenSea launched in 2017, when NFTs were an innovation. ...

Multichain inside job? And SOL surges 80% in a month: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.A trader managed to exploit the brief opening of the Multichain cross-chain bridge, which was frozen si ...

Individuals will ultimately shape the metaverse: Sandbox founders

Individual creators and brands will ultimately determine the future of the metaverse, as opposed to any centralized entity, according to the co-founders of The Sandbox.On Nov. 3, the team behind the Ethereum-based metaverse launched The Sandbox Map, allowing “LAND” owners to pu ...

This platform enables NFT creation with email: Why it’s important for legal teams

On top of the fraud and scam issues related to crypto, NFTs also require intellectual property management. Web3 platform Niftyz aims to add legal clarity to the NFT market by using blockchain-verified emails to create and protect NFTs.The crypto industry is growing remarkably, even ...

Hashing It Out: Roofstock onChain vice president explains how Web3 and real estate interact

The tokenization of real-world assets has been tipped as a major use case of blockchain technology that could drive Web3 adoption. In episode 35 of Cointelegraph’s Hashing It Out podcast, host Elisha Owusu Akyaw interviews Sanjay Raghavan, vice president of Web3 Initiatives at Roofstock ...

Elon Musk slams NFTs but ends up arguing the case for Bitcoin Ordinals

While publicly mocking non-fungible token (NFTs) during a podcast, Tesla CEO and billionaire Elon Musk appears to have inadvertently highlighted the case for Bitcoin Ordinals, also known as Bitcoin NFTs. “The funny thing is the NFT is not even on the blockchain — it’s jus ...

Physical CryptoPunks, Mercedes NFTs, and Yuga Labs wins ‘copycat’ lawsuit: Nifty Newsletter

Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsle ...

UK risks regulating NFTs the wrong way, says Mintable CEO

The United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks.  In an interview with Cointelegraph, Burks said he believes a recent re ...

Fintech, DeFi, GameFi, and more: Web3 startups kick off Cointelegraph Accelerator second cohort

Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups.Selected from over 1000 startup applications, the 16 participants of the second c ...

How major German firms like Mercedes and Lufthansa are using NFTs

For the most part, nonfungible tokens (NFTs) have two primary use cases: Buying and selling digital products (digital art, virtual fashion items) and building digital communities (exclusive memberships, access to events). These use cases can be easily adopted by brands and companies, ...

Fantasy football game on Telegram: Fanton joins Cointelegraph Accelerator

What’s a better way than combining the world’s most popular sports with Web2’s most socialized aspects to introduce new users to Web3 through gaming? Association football, or soccer, boasts the largest fan base among sports enthusiasts, with over 3.5 billion estimated people rooting for their fav ...

Ryder Ripps ordered to pay Yuga Labs $1.6M in copyright lawsuit

A United States district court judge has ordered nonfungible token (NFT) artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Club creator Yuga Labs a total of $1.57 million in disgorgement and damages, along with legal fees, bringing an end to the long-running “copycat” NFT la ...

Blockchain-based virtual nations: A new era of governance and inclusivity — Q&A with Jur Network and Draper Startup House

Blockchain-based virtual nations are an emerging concept in the digital realm that seeks to address various societal and governance needs like reduced bureaucracy, better legal systems, cheaper services, democratic decision-making and inclusivity. These virtual nations are decentralized, b ...

Neon Machine raises $20M Series A for blockchain-based Call of Duty competitor ‘Shrapnel’

Web3 gaming developer Neon Machine raised $20 million in series A funding toward the development of its highly-anticipated extraction shooter “Shrapnel.” This round follows a $10.5 million seed round completed in June of 2021. It was led by Polychain Capital and included funding from ...

Court-ordered NFTs and the importance of Web3 randomness: Nifty Newsletter

​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.In this week’s newsletter ...

Revolutionizing whitelist marketplace for Web3: WhiteList Zone partners with Cointelegraph Accelerator

In the Web3 space, one of the key challenges for new projects and products is to get a motivated audience and for crypto-enthusiasts and investors — to find the most promising projects and get in earlier than others. This is where whitelists step in, addressing several critical aspects.A w ...

Game review: Immutable’s Guild of Guardians offers mobile dungeon adventures

From Oct. 9–20, Immutable invited playtesters to try out an early demo of its upcoming mobile game, Guild of Guardians.Guild of Guardians was first announced in 2021. Its utility token, Guild of Guardians Gems (GOG), went up for sale in December 2021, raising over $5.3 million for the ...

Busy week for Uniswap, and Platypus recovers 90% of hacked funds: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was dominated by developments in the popular decentralized exchange platform Unis ...

This play-to-earn game offers NFTs linked to physical items like gold

Blockchain gaming is going from strength to strength — underpinned by the explosion of nonfungible tokens, which continue to achieve mainstream adoption. The FRUITS Eco-Blockchain Project is building on this momentum by allowing NFTs to be redeemed for a coveted, real-world object: a physi ...

BAYC creator Yuga Labs completes restructuring to focus on metaverse

Yuga Labs, a company behind the major nonfungible token (NFT) project, Bored Ape Yacht Club (BAYC), has completed restructuring amid the ongoing challenges in the industry.Yuga Labs CEO Daniel Alegre took to X (formerly Twitter) on Oct. 17 to report that the company has finalized its restr ...

Gamers can now explore Mars in Tesla-inspired Cybertrucks — Here’s how

The Web3 game Mars4, which allows players to explore the surface of Mars, has unveiled two new exclusive rovers inspired by Tesla's Cybertrucks.For decades, space enthusiasts have had a fascination with Mars. NASA's Perseverance rover is giving us regular insight on what life is lik ...

Canada central bank assesses innovations and challenges of DeFi

The Bank of Canada published a staff note on decentralized finance (DeFi) on Oct. 17, assessing the innovations that made it popular and the challenges and risks associated with its use.The staff note described DeFi as a multi-layered structure, with the Ethereum blockchain serving as ...

‘I’m still not seeing it’ — Judges skeptical of Ryder Ripps’ BAYC appeal

Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical ears.In an Oct. 17 hearing, three judges from the United States Court of Appeals for the Ninth District appeared largely unper ...

NFT market slump shows it’s maturing toward ‘genuine utility,’ execs argue

A steep collapse in the price of nonfungible tokens (NFTs) shouldn’t be seen as a sign of distress but rather a signal the technology is maturing, according to Web3 executives.“I wouldn’t say the NFT market has regressed,“ Decentraland Foundation executive director ...

Improbable’s Successful Shift: From Gaming to Metaverse Amid Industry Turmoil

In the midst of turmoil within the metaverse industry, Improbable, a British company founded over a decade ago, has managed to maintain its position in the gaming industry by shifting its focus to the metaverse concept. Unlike many other businesses that have faced significant losses and challenges i ...

OpenSea Responds to Accusations Involving Former Employee in AnubisDAO Incident

OpenSea, a well-known non-fungible token (NFT) platform, has responded to recent accusations on social media regarding the involvement of a former employee in the AnubisDAO rug pull incident of 2021. The accusations, made by an anonymous account called NFT Ethics, suggested that Kevin Pawlak, a form ...

37xDubai Art Gallery to Merge Traditional and NFT Art, Educate Visitors on Web3

The 37xDubai art gallery, set to open to the public later in October, is taking a unique approach to educate artists and art enthusiasts about nonfungible tokens (NFTs) and the broader Web3 ecosystem. The gallery, based in the Dubai International Financial Centre (DIFC), plans to offer workshops to ...

Bitcoin Ordinals Inventor Proposes ‘Runes’ Fungible Token Protocol as Alternative to BRC-20

Casey Rodarmor, the inventor of Bitcoin Ordinals, has proposed a new Bitcoin-based fungible token protocol called "Runes" as an alternative to the BRC-20 token standard. The BRC-20 standard, launched by an anonymous developer known as "Domo," has gained popularity, with a market cap of $1 billion wi ...

Cryptocurrency Challenges Halt Ambitious NFT-Linked Restaurant and Lounge Project in San Francisco

Bold ambitions for a restaurant and private members lounge in San Francisco, linked to non-fungible tokens (NFTs), have been abruptly abandoned. The project, which was under construction in Salesforce Park, was set to feature the "Sho Restaurant" and "Sho Club Sky Lounge." Access to the Sho Club ...

NFT startup Rario loses founders after $120M funding last year: Report

Rario, a Polygon-based platform issuing cricket-related nonfungible tokens (NFTs), has reportedly seen its founders leaving the firm after two years since launch.Founders of Rario, including Rario CEO Ankit Wadhwa and chief technology officer Sunny Bhanot, are being pushed out as investors ...

What is OpenSea and how to use it?

The rise of nonfungible token (NFT) marketplaces has ushered in a new era, fundamentally reshaping the way we perceive and interact with digital assets. They provide a new medium for artists to showcase their creations and establish a direct and meaningful connection with their audience. OpenSea ...

Providing value to gamers in a changing Web3 landscape — Interview with TOKYO BEAST

In the ever-evolving digital landscape, the distinction between Web2 and Web3 gaming has gained exponential significance. Web2 gaming is typically characterized by centralized, self-contained ecosystems, while Web3 gaming embraces blockchain technology, decentralization and the concept of ...

‘NFTs will win on Bitcoin’ — OnChainMonkey NFT collection ditches Ethereum

The team behind nonfungible token collection OnChainMonkey is shifting its entire collection of 10,000 NFTs from Ethereum to Bitcoin, in a massive undertaking expected to take several months. "A historical transition is on the horizon as we prepare to migrate our flagship collection, OCM G ...

Marketing company wants 90% of Japanese population on Web3: KBW 2023

Proof-of-stake (PoS) blockchain platform Avalanche is expecting 5-10 million transactions on a subnet as a Japanese loyalty program company that claims to have 100 million users has partnered with the network to bring their mass-scale loyalty rewards program into a blockchain. Cointel ...

Former OpenSea manager withdraws application for bail pending appeal

A former manager at nonfungible token (NFT) marketplace OpenSea sentenced to three months in prison for insider trading has opted to serve the sentence while his appeal is pending.On Sept. 6, Nathaniel Chastain’s lawyers filed a letter with a New York District Court informing the judge tha ...

Ronaldo hints at NFT plans, and will the metaverse be a ‘tax haven?’: Nifty Newsletter

In this week’s newsletter, read about how German flagship airline Lufthansa uses nonfungible tokens (NFTs) to reward loyal customers and how soccer superstar Cristiano Ronaldo teased his future NFT plans during a lie detector test. Check out why a law professor believes the metaverse should be ta ...

Base’s ‘Onchain Summer’ saw over 700K NFTs minted from 268K users in August

Base network’s “Onchain Summer” promotion in August resulted in over 700,000 non-fungible tokens (NFTs) minted by over 268,000 unique wallets, according to a Sept. 6 announcement from the team.Coinbase launched Base, its Ethereum layer-2, on Aug. 9. To spur adoption, the network’s team imp ...

Google will allow ads for NFT games starting September 15

Google has updated its cryptocurrency advertising policy to allow for blockchain-based NFT gaming advertisements as long as they don’t promote gambling or gambling services. According to a blog post from Google, the new changes will go into effect starting Sep. 15 and will be restrict ...

Justin Bieber hit track becomes NFT for royalty-sharing

On Sep. 7, the blockchain-centric music tech platform anotherblock and the co- producer of the track Andreas Schuller, also known as Axident, will drop the track “Company” as an NFT with only 2,000 available. The global pop icon Justin Beiber will have one of his hit songs turned into a no ...

Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.”In the paper, dubbed simply “Taxing the Metaverse, ...

Ronaldo teases NFT plans while on a lie detector test

Soccer legend Cristiano Ronaldo went through a lie detector test to answer various questions about soccer and teased his plans to release more nonfungible token (NFT) collections in the future. The lie detector test video was done as the soccer star released his second NFT collection ...

Nifty News: Adidas unveils resident Web3 artists, Mutant Ape sells for 500 ETH and more…

The Adidas /// Studio, also known as the Triple Stripes Studio, has launched a Web3-based digital artist in residency program to showcase and support budding creators in the NFT space. The program was announced on Aug. 31, and it will officially launch on Sept. 4 via a series of online and ...

Lufthansa airline launches NFT loyalty program on Polygon

Lufthansa, one of the largest airline groups in Europe, has launched its nonfungible token (NFT) loyalty program on the Polygon Network. The program will allow passengers to turn their trips into NFTs that can unlock rewards like miles and business lounge vouchers. On Aug. 31, Lufthan ...

Trump NFTs back in demand, SEC says NFT sales are unregistered securities: Nifty Newsletter

​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.In this week’s newslette ...

Pioneering the future with omnichain solutions: XGo ID and TapiocaDAO share insights

The Web3 landscape is undergoing swift evolution, with omnichain solutions emerging as vanguards poised to redefine the crypto world. Just recently, Cointelegraph hosted an AMA session to discuss the potential of omnichain solutions and their impact on crypto mass adoption.This enga ...

Animoca subsidiary builds AI and NFT tools for educators

TinyTap, an ed-tech subsidiary of Web3 developer Animoca Brands, announced on Aug. 30 the integration of new artificial intelligence (AI) and nonfungible token (NFT) tools aimed at educators and parents. The integration of AI will now allow educators, and anyone using the platform, to ...

Web3 game goes gold: How to exchange NFTs for physical gold eggs

Web3 game Golden Egg Wonderland received a major update with new features, in-game characters and a way to exchange Golden Egg NFTs for physical golden eggs.Web3 gaming has become one of the most popular sectors of the blockchain ecosystem, providing a medium for other blockchain-ba ...

Reshaping real world assets with tokenization and original Ethereum’s vision: AMA with Mattereum

"I'm pretty disappointed with the way Ethereum has gone since its launch," said Vinay Gupta, founder of Mattereum and former coordinator of Ethereum's initial release, during Cointelegraph's AMA session. "The idea was that we could use blockchain to govern infrastructure in the real world. ...

Crypto lawyer about SEC: ‘Problematic to imply all NFTs are securities’

The United States Securities and Exchange Commission’s (SEC) first enforcement action on a nonfungible token (NFT) project triggered responses from community members, pointing out how the decision could be "problematic," and how many NFT projects fit the description and may be next on the S ...

NFT Prices Soar as Donald Trump’s Mugshot Goes Viral: Crypto Community Reacts

The price of nonfungible tokens (NFTs) featuring Donald Trump surged after news outlets released a photo of the former United States President as part of his criminal case in the state of Georgia for allegedly attempting to subvert the will of voters in the 2020 election. According to data from N ...

Former OpenSea Product Manager Sentenced for Insider Trading Involving NFTs

A federal judge has sentenced former OpenSea product manager Nathaniel Chastain to three months in prison for wire fraud and money laundering related to insider trading on the platform. In an Aug. 22 announcement from the United States Department of Justice, U.S. Attorney Damian Williams said ...

Dramatic Decline in Bitcoin Ordinals NFT Activity Sparks Concerns

DappRadar has pointed to an “alarming plunge” in Bitcoin Ordinals nonfungible token (NFT) user activity, with trading volumes tanking around a whopping 98% since May. In an Aug. 17 report, DappRadar highlighted its data showing that the total Bitcoin Ordinals sales volume had decreased from peak ...

Bored Ape Yacht Club (BAYC) Creators Yuga Labs Respond to OpenSea’s Removal of Operator Filter

Bored Ape Yacht Club (BAYC) creators Yuga Labs is set to wind down support for OpenSea following the platform’s upcoming removal of its on-chain royalty enforcement tool Operator Filter. The Operator Filter was launched in November 2022, essentially enabling creators to restrict secondary nonfung ...

Decline of Bitcoin-Based NFT “Bitcoin Ordinals”: A Catastrophic Drop in Trading Volume

The popularity of the "bitcoin-based NFT" - Bitcoin Ordinals - has declined catastrophically, as many analysts predicted. BRC-20s token trading volume has fallen 97% since May. As reported by the DappRadar service, the trading volume of "BRC-20s tokens" (the NFT counterpart in Efirium and other n ...

Immutable zkEVM begins testnet phase with 12 Web3 games in development

Web3 gaming platform Immutable has commenced public testing of its Immutable zkEVM in collaboration with Polygon Labs.Work on the zero-knowledge Ethereum Virtual Machine (zkEVM) network began in March after Immutable announced a partnership with Polygon Labs. Polygon’s own “holy grail” Eth ...

Bitcoin Frontier Fund launches accelerator program for Ordinals startups

The Bitcoin Frontier Fund, formerly Stacks Ventures, launched what it’s calling the first Bitcoin Ordinals accelerator program on Aug. 14.Program InformationThis program is led by VC ...

Nifty News: Coca-Cola gest Based, Reddit avatars reach 20M milestone and more

The world’s largest soft drinks brand is delving deeper into the realm of non-fungible tokens, launching its first collection on the Coinbase layer-2 network Base.On Aug. 13 Coinbase announced the new Coca-Cola collection as part of its “Onchain Summer” event.&ldqu ...

DeFi tries to recover from Curve hack, but exploits continue: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The DeFi ecosystem is yet to recover from the crisis brought on by the Curve Finance hack, and even tho ...

FC Barcelona secures $132M investment for blockchain and NFT venture

Spanish soccer club FC Barcelona has secured a 120 million euro ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative, Barça Vision.According to the Aug. 11 announcement, FC Barcelona sold a 29.5% stake in Bridgeburg Invest, the hold ...

NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum

Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon. DeLabs, the NFT firm behind y00ts, announced via its X (Twitter) account on Aug. 9 it will soon be migrating to Ethereum in li ...

Apple’s 30% tax rules will stay for now, crypto and NFTs may have to wait

Crypto app developers hoping for a loosening of Apple’s App Store rules will have to wait longer after a United States Supreme Court held off on granting a request to let apps direct users to payments outside of Apple’s ecosystem.An Aug. 9 decision from Justice Elena Kagan decl ...

Base network has officially launched: Here’s how it can be used

Coinbase’s Base network has officially launched after spending a few weeks in an “open for builders only” phase. The network is now ready to onboard users, according to an Aug. 9 announcement from the team.Several Web3 development teams have simultaneously announced that ...

Star Trek trademarks for NFTs: The final frontier

The United States Patent and Trademark Office (USPTO) has accepted CBS Studios’ application for the Star Trek name to be used in nonfungible tokens (NFTs) and crypto collectibles connected to its Continuum series.According to USPTO records, the government office registered the charac ...

Nifty News: Trader nabs 800 ETH by baiting a bot, NFT thefts slow and more

NFT trader's $1.5M bot chess moveYouTuber and nonfungible token (NFT) trader Hanwe Chang said he scored 800 Ether (ETH), around $1.5 million, by tricking a rival trader’s bot into buying his own inflated NFTs.In an Aug. 5 X (Twitter) post, Chang said he noticed a bot was ...

FBI warns of phishing scams and social media account hijackers

The Federal Bureau of Investigation has warned of criminal actors that are hijacking social media accounts and posing as legitimate people in the nonfungible token and crypto space. It also raised concerns over spoof websites that dupe victims into thinking they are using legitimate platfo ...

JPEG’d confirms return of 5,495 ETH from Curve hacker

Nonfungible token finance (NFT-Fi) protocol JPEG’d has confirmed that 5,495 Ether (ETH), worth roughly $10 million at current prices, has been returned by the Curve Finance hacker. In exchange for returning the funds that were stolen on July 30, the hacker received a 610.6 ETH ($1.1 ...

Users said CertiK’s warning was a false alarm — then the project rugged

A blockchain security firm tried to warn users of an imminent rug pull surrounding a crypto project, but investors became angry and fired back. The firm rescinded the security alert. Then, the project it accused of being a rug pull pulled the plug.This is the story of CertiK, a blockchain ...

Base launches mainnet bridge UI for end-users, sets Aug. 9 for official launch

Coinbase’s Base network has released a user interface (UI) for its official bridge, allowing end-users to onboard for the first time without relying on developer tools, according to an Aug. 3 announcement. The team has set Aug. 9 as Base’s “official” release date. They wil ...

Bitcoin Ordinals team launch non-profit to grow protocol development

A non-profit organization dedicated to growing the development of nonfungible tokens (NFTs) on Bitcoin (BTC) has been launched by the team behind the Bitcoin Ordinals protocol.The California-based nonprofit called the Open Ordinals Institute will bolster the Ordinals protocol by providing ...

Nifty News: Yuga Labs to buy metaverse studio, Etihad NFT staking to take off and more

Yuga Labs accelerates Otherside planNonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse-building startup Roar Studios as Yuga looks to bolster its Otherside metaverse.Yuga tweeted the news on July 31 saying the impending acquisition was to “execu ...

Play-for-Gold: This game backs in-game NFTs with physical golden eggs

Backed by the FRUITS Eco-Blockchain Project, the upcoming Web3 game Golden Egg Wonderland will allow players to exchange in-game NFTs for real golden eggs.Since its inception, Web3 gaming has become a crucial part of the blockchain ecosystem. Blockchain-based ga ...

Pond0X token launch snafu leads to millions of dollars in losses

The launch of memecoin Pond0x has led to millions of dollars in losses for investors, according to multiple reports on social media on July 28. Data from the Maestro trading app shows that the Pond0x (PNDX) token reached a price of $0.36 before collapsing to near zero in a span of five minut ...

Here’s how big food and beverage brands are using NFTs: Report

Nonfungible token (NFT) adoption is picking up steam across the food and beverage industry, with many fast-food chains showing interest in the asset class.A report by Research and Markets predicts that the global food and beverage NFT market size is expected to exceed $2 billion by 20 ...

99-year-old Hungarian artist’s computer-generated NFTs sold for $1.2M

Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out in less than one hour during Sotheby’s Dutch auction for a total of 631 Ether (ETH), or around $1.2 million.Molnár’s Themes and Variations #1 sold for 19.84 ETH. ...

Researcher envisions smart education system built with blockchain, DAOs, NFTs and AI

Mehmet Fırat, a researcher at Anadolu University in Turkey, recently published research envisioning a multi-tech solution to the problems challenging the traditional educational system called the “Smart Open Education Ecosystem” (SOEE).The research combines blockchain, decentralized autono ...

Centralized exchanges will become gateways for DeFi: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi saw new advancements in zero-knowledge proofs (ZK-proofs) as a scaling solution a ...

McDonald’s debuts McNuggets Land in The Sandbox

McDonald’s Hong Kong has picked The Sandbox to build its first Web3 experience, McNuggets Land, a virtual world dedicated to celebrating Chicken McNuggets’ 40th anniversary. The experience takes users to a virtual store with a hidden factory and a tour through the history of the chick ...

Proof-of-truth: Countering AI overreach through Cointelegraph’s Historical NFTs

In the rapidly evolving world of blockchain technology, nonfungible tokens (NFTs) have emerged as an asset class offering a unique opportunity to own many kinds of digital items — both rare and valuable. Since the initial boom of NFTs manifested through the world of collectible digital art (such ...

AI opens doors for NFT artist Ellie Pritts at Bitforms gallery in NYC

This month, Los Angeles-based nonfungible token (NFT) artist Ellie Pritts is celebrating “In the Screen I am Everything,” her first solo show in New York City — and her first time taking over pioneering net art gallery Bitforms. Eight animations from the technicolor exhibition are ava ...

Nifty News: Metaverse bank robberies, Trump NFT biz prefers crypto over cash, and more

Stick em' up! Bank robbery drills in the MetaverseThe Bank of America is mixing a virtual reality metaverse and artificial intelligence to train new employees on everything from handling angry customers to bank robberies.Bloomberg reported July 13 that the bank’s 2,000 new hir ...

A new age in investing: The transformative power of asset tokenization

Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential to “dramatically change the dynamic” for investors and u ...

Travel will create a new wave of Web3 mass adoption: Here’s how

The travel industry has long been a behemoth, catering to the diverse needs of nearly 2 billion digitally savvy users each year. When it comes to technological innovation, however, it has remained a sleeping giant. That is, until now. The industry is finally waking up to the tr ...

Nifty News: The Flash goes Web3, Yuga Labs still working hard on ‘audacious’ Otherside project and more…

Warner’s The Flash goes web3, to a lack of applause….Warner Bros.’ NFT unit has unveiled a new Web3 experience for the recently released DC Comics superhero more The Flash, which reportedly flopped at the box office. According to an announcement from Warner Bros. ...

Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump

Nonfungible token collection and technology firm Dapper Labs has announced its third round of staff layoffs in less than a year.On July 13, Dapper Labs CEO Roham Gharegozlou announced that the firm has said goodbye to “51 brilliant colleagues and friends.”In a note to em ...

Blockchain gaming platform creates refundable NFT program

Blockchain gaming startup Spielworks has partnered with the Web3 platform Mycelium Network to launch a program that allows full refunds for nonfungible token (NFT) purchases. In an announcement sent to Cointelegraph, the team explained that within the program, users who acquire NFTs c ...

Coinbase Wallet launches instant messaging feature with XMTP

Coinbase Wallet users can now send instant messages to each other using their Ethereum identities, according to a  July 12 blog post from Coinbase. The new feature relies on the Extensible Message Transport Protocol (XMTP), an instant messaging system that allows users to communicate using b ...

ZachXBT’s research cited in Canadian NFT rug pull class action lawsuit

The investigative work of independent blockchain sleuth ZachXBT has been cited in a class action lawsuit in Canada against Boneheads, an alleged $3.1 million nonfungible token rug pull.Tweeting on July 7, ZachXBT highlighted that lawsuit as he reiterated accusations that the Boneheads tea ...

Over $765K worth of NFTs stolen after SIM swap attack on Gutter Cat Gang

More than $765,000 worth of nonfungible tokens has been stolen as part of a reported SIM swap attack on the Gutter Cat Gang NFT project.The security breach was highlighted by several NFT community members at around 8 pm UTC on July 7, with Gutter Cat Gang co-founder @GutterMitch tweeting o ...

How Argentina’s inflation is helping altcoins and the crypto market

On today’s Macro Markets show, veteran stock market and Cointelegraph analyst Marcel Pechman starts by analyzing Argentina’s 150% inflation, which proves that people continue to work and consume (somehow) even if their local currency loses its value.What is the lesson here? For starters, e ...

Nifty News: Sega exec calls P2E games ‘boring,’ Tom Brady’s NFT firm switches it up and more

Sega co-COO yawns at P2E gamesThe co-chief operating officer of Sega has called play-to-earn games “boring” amid the firm’s retreat from franchising some of its hottest properties to the blockchain gaming space.Bloomberg reported on July 6 that Shuji Utsumi, the co ...

On-chain derivatives are DeFi’s next boom opportunity — Apollo Crypto

On-chain derivatives are set to become the next big growth sector in the decentralized finance (DeFi) space, says Henrik Andersson, the chief investment officer of Australian crypto investment firm Apollo Crypto.In a wide-ranging interview with Cointelegraph, Andersson said he thinks the i ...

DeFi meets AI: Can this synergy be the new focus of tech acquisitions?

The crypto industry has faced significant challenges over the past few years, dealing with issues such as failed exchanges, regulation, collapsing projects and depegged stablecoins. These hurdles have contributed to an atmosphere of uncertainty and skepticism within the industry. However, ...

Lacoste turns fashion NFTs into digital cards for interactive Web3 experience

Unleashing the digital revolution, industry leaders are racing to forge lasting impressions, reshaping the interaction landscape between ardent fans and renowned brands. Among these pioneers, the renowned Parisian fashion powerhouse, Lacoste, elevates its digital innovation game, giving it ...

Nifty News: Blue chip NFT prices wobble, Credit Suisse tries tokens and more

‘Blue chip’ floor prices near two-year lowsThe largest nonfungible token (NFT) collections by market capitalization are in a sea of red as the cheapest NFTs in their collections took dives over the past week with some hitting near two-year lows.Yuga Labs’ flagship ...

This platform makes debit card transactions possible directly on Arbitrum

A revolution is unfolding in the world of global payments, led by the transformative power of layer-2 technology and serving traditional banking infrastructure, such as financial messaging and card payment networks. Working together, there is a shift in the fundamentals of financial intera ...

AzukiDAO proposes to recover 20,000 ETH from Azuki founder ‘Zagabond’

A new decentralized autonomous organization purportedly made up of a “dedicated group of Azuki enthusiasts,” has launched a proposal to claw back 20,000 Ether (ETH) from Zagabond, the founder of the blue-chip non-fungible token (NFT) brand Azuki. The proposal, initiated on ...

Investors still waiting on $1.9M refund Logan Paul promised six months ago: CoffeeZilla

Investors in Logan Paul’s troubled NFT gaming project CryptoZoo are reportedly still waiting for any specific details on the 1000 Ether (ETH) refund (worth $1.93 million at current prices) that was promised back in January.In a YouTube video posted on June 30, “internet detecti ...

Over $204M lost to DeFi hacks and scams in Q2: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The second quarter of 2023 saw over $208 million exploited and hacked from DeFi protocols, and with jus ...

Solana’s Cardinal shuts down, citing economic conditions

Solana’s Cardinal protocol is winding down operations due to economic conditions, nearly a year after raising $4.4 million to improve nonfungible tokens (NFT) utility. According to an announcement on Twitter, withdrawals should be made by Aug. 26. Cardinal Labs was an infrastruc ...

Yes, the Secret Service has an NFT collection, and no, it’s not for sale

The United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea. The NFT collection was first revealed during a Reddit AMA on May 16, where agents answered questions from members of the r/cryptocurrency subreddit about ...

Optimism network transactions surged 67% following Bedrock upgrade — Nansen

Transactions on the Optimism network surged 67% following its June 7 “Bedrock” upgrade, according to a June 26 Twitter thread from blockchain analytics firm Nansen. The network had been seeing less than 300,000 transactions per day before the upgrade, but this figure increased to over ...

Crypto Travel Rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force has asked countries to implement the “Travel Rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies.On June 23, the United Nations body — whose role is to promote strategies to co ...

Judge grants Hermès request to halt all ‘MetaBirkin’ NFT sales

French luxury fashion house Hermès International has notched another win in its infringement case against artist Mason Rothschild, after a Manhattan judge ordered a permanent injunction on all "MetaBirkin" non-fungible token sales. Hermès initially submitted the request to th ...

Tokenized FTX claim is used as collateral for a loan

A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by an FTX claim, according to the bankruptcy claims platform Found.The $31,307 claim was tokeniz ...

Faroe Islands postal service issues NFT-embedded stamps

The Faroe Islands have issued a new series of digital “crypto stamps,” with a digital copy stored on the blockchain as a nonfungible token (NFT) while still serving as actual postage. On June 23, the Posta Faroe Islands’ official website for issuing postage announced that the aut ...

German intelligence service launches dog-themed NFTs to fetch cyber talent

Germany’s foreign intelligence agency the Bundesnachrichtendienst (BND) has launched a dog-themed nonfungible token (NFT) collection with an on-chain treasure hunt aimed at recruiting cyber talent.Earlier in June the Federal Intelligence Service launched its “Dogs of BND” collection — 999 ...

Immutable’s Gods Unchained launches on Epic Games Store

Immutable Games’ Web3 trading card game Gods Unchained is now listed on the Epic Games Store and is available to its 230 million customers, according to a June 21 announcement.Gods Unchained is a collectible trading card game similar to Hearthstone or Magic: The Gathering Arena but with ca ...

Nifty News: Queen, HSBC filings hint at NFTs, Yuga teases robot game and more

HSBC files metaverse and NFT patentsBritish banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications. A June 12 filing to the United States Patent and Trademark Office (USPTO) show the bank’s trademarks including meta ...

Polygon co-founder proposes zkEVM ‘validium’ upgrade to improve security

Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs to increase security. ...

Watch out, Ordinals — 30,000 ‘Ethscriptions’ land on Ethereum

Ethereum users have been given another way to create nonfungible tokens (NFTs) and other digital assets on the blockchain with the launch of a new protocol.Launched on June 17, the protocol, dubbed “Ethscriptions,” is a nod to the Bitcoin (BTC) Ordinals protocol — where a ...

Nike teases upcoming ‘Airphoria’ NFT sneaker hunt on Fortnite

Footwear and apparel giant Nike has hinted that it may soon drop a collection of sneaker nonfungible tokens in Epic Games’ widely popular online game Fortnite. The move would mark a potentially huge opportunity for Web3 adoption by traditional gamers, given that Fortnite has had more ...

Sotheby’s auctions off Dmitri Cherniak’s ‘The Goose’ NFT from 3AC collection for $6.2M

Sotheby’s auction house has sold a piece of digital artwork from the collection of collapsed crypto hedge fund Three Arrows Capital (3AC) for more than $6 million.According to auction records updated June 15, Dmitri Cherniak’s artwork ‘The Goose’ sold for roughly $5 ...

Play, shop and trade for a greener planet: This project offers new ways to combat climate change

Bitcoin (BTC) mining is estimated to emit 65.4 megatons of CO2 annually. This is the conclusion reached in 2021 by a group of climate and economic researchers in Europe in the report “Revisiting Bitcoin’s carbon footprint.” This emission is comparable to the carbon footprint of an entire c ...

How tried-and-tested Web2 models could help Web3 games thrive

Play-to-earn games took the world by storm in 2021, and at their peak, some enthusiasts in South East Asia were able to supplement their incomes by getting involved.However, a crushing bear market and a series of hacks changed all that, and to make matters worse, the tokenomics with ...

Subsocial chat program implements Ethereum usernames, Polygon donations

Grill.chat, a chat app based on the Subsocial network, has now implemented Ethereum Virtual Machine (EVM) wallet compatibility, allowing users to chat using their Ethereum identities and send crypto to each other via Polygon, according to a June 7 announcement.Subsocial is a Polkadot  ...

Cointelegraph Pitch Room launched, bridging promising projects to quality investors

Cointelegraph presents Pitch Room, a new stage in the effort to boost innovation in the crypto space, dedicated to investors interested in deal flow. Pitch Room opens doors for promising startups in the Web3 space, exploring new markets and building solutions with the potential to disrupt ...

GameStop NFT back in the spotlight after partnership with Illuvium

On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer merchandise retailer GameStop to debut a 20,000 nonfungible token (NFT) collection starting June 12.According to developers, the “Illuvitars” NFTs are “dynamic coll ...

Not all virtual worlds are based on fictitious designs — This one replicates Mars

The arrival of the PC was transformative for gaming — avid players could suddenly experience what it’s like to be a pilot, a train driver or even a goat through simulation.As cutting-edge as this new genre was, it also had its limitations. Powerful graphics cards were needed to ensu ...

Evertas expands crypto insurance offerings to include mining and raises limits

Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio.The insurer’s per-policy coverage limits on custodial crypto assets will increase to $420 million, “nearly tripling the ...

Web3 adds semantic layer to Ethereum for a decentralized society

Focusing too much on the tokenization of assets instead of encoding social relationships of trust was a key complaint regarding the current state of Web3 that found a clear voice in a mid-2022 paper published by Ethereum co-founder Vitalik Buterin along with E. Glen Weyl and Puja Ohlhaver. ...

Here’s how developers aim to store crypto inside NFTs

Developers have recently published an Ethereum Improvement Proposal (EIP) introducing a new way to use nonfungible tokens (NFTs). With this system, all NFTs can have a smart contract account, allowing them to store other NFTs or crypto tokens. Cointelegraph spoke with Future Primitive ...

Nike NFTs to make their way into EA Sports games and its millions of fans

In a major step towards mainstream gamer adoption for crypto, Nike’s nonfungible token (NFT) platform .Swoosh will soon be integrated with EA Sports games, potentially allowing Nike's virtual footwear and apparel to appear in games.In a June 1 statement, Nike said that its “virtual creatio ...

Nifty News: Pixel Penguin accused of ‘charity rug,’ Epic adds new NFT games and more

The Pixel Penguin alleged ‘charity project rug’ Nonfungible-token (NFT) project Pixel Penguin has caused a stir this week in what a blockchain investigator ZachXBT has alleged is a “charity project rug.” The project quietly launched in February, but drew a lot of attention on May 31 following ...

NFT collections take massive price hit in 2023: Nifty Newsletter, May 24–30

In this week’s newsletter, read about some of the most popular nonfungible token (NFT) collections and top metaverse properties taking massive price hits in 2023. Check out how the Hong Kong Police Force launched its own metaverse platform, and how Reddit’s digital collectibles have managed to onboa ...

Prada Unveils 42nd NFT Timecapsule Collection Featuring Unique Floral Patterns

Italian fashion and accessories house Prada has announced its 42nd NFT Timecapsule collection, due out June 1 at OpenSea. The announcement of the fashion house's upcoming event says the collection will feature summer shirts with unique floral blue and white patterns - fro ...

The Rise of BRC-20 and Bitcoin Ordinals: A Game-Changer for Cryptocurrency

Most of them are created in the BRC-20 network Miners have earned decent commissions on this According to Dune Analytics, more than 10 million records have been created in the Bitcoin Ordinals network. Of these, more than 80% belong to the BRC-20 standard. ...

Polygon Co-founder Sandeep Naylwal Highlights Reddit’s NFT Success on the Polygon Network

Polygon co-founder Sandeep Naylwal celebrated the success of the collection This was helped by the popularity of the social network and sound policies Polygon co-founder Sandeep Naylwal took to Reddit to answer a bunch of questions and share his optimism about th ...

Bitget’s Blockchain4Youth launches blockchain education courses

Bitget has officially launched blockchain courses at Bitget Academy and holiday promotions to coincide with Bitcoin Pizza Day. The educational courses are part of Bitget's Blockchain4Youth project to educate and empower the next generation of leaders. To support young ...

BitMEX to Send 1 BTC to the Moon in Historic Cryptocurrency Mission

Crypto exchange BitMEX announced that it will send a physical wallet with 1 BTC to the moon. The rocket itself is scheduled to launch from Kennedy Space Center this summer. Bitcoin, which has a public address and private key engraved on i ...

Elon Musk’s NFT Tweet Enriches Milady Meme Coin Owners by $20 Million

After Ilon Musk posted a picture of the NFT Milady collection on his Twitter page, the owners of the meme coin got rich by $20 million. These funds went mainly to the top 10 largest holders of the cryptocurrency Milady Meme Coin (LADYS), ...

JAN3 CEO Predicts Subsiding Hype Around Bitcoin’s NFT and BRC-20 Tokens

JAN3 CEO Samson Mow thinks the hype around Bitcoin's NFT counterpart and BRC-20 tokens will subside in just a few months. After the emergence of the Ordinals project and the launch of support for BRC-20 standard tokens, the load on the blockchain of the first cryptocurrency ...

LG Electronics Plans Patent for TV Enabling Non-Exchangeable Token Trading On-Screen

South Korean tech giant LG Electronics plans to get a patent for a TV that will allow its users to trade non-exchangeable tokens right on the screen. According to the company, the device will be able to connect to the NFT trading server, which will ...

Bitcoin Core Members Propose Spam Filtering for Taproot Transactions, Opposed by NFT Community

It should have been done months ago Ali Sheriff and Luke Daschr Influential members of the NFT community are opposed In their opinion, this is an unwarranted attack on a promising trend Bitcoin Core team members Ali Sheriff and Luke Daschr ...

Kalush Orchestra Frontman’s NFT with Iconic Pink Panama Goes up for Auction

The centerpiece of the token's design is a trademark pink panama All money from the auction will go to the Sumy Society for the Protection of Animals The Kalush Orchestra frontman personally signed the printed image of the NFT An auction has started o ...

CoinEx Analysts Conduct Comparative Analysis of Blockchain Networks Aptos and Sui

Crypto exchange analysts CoinEx studied the ecosystems of crypto-assets SUI and APT, and prepared an overview of the most important characteristics of blockchains, as well as their comparative analysis. Aptos and Sui are derived from the Facebook Diem blockchain project. ...

Litecoin Gains Attention Amid Bitcoin Turmoil

The Litecoin project is getting a lot of attention right now amid the events happening on its "big brother," bitcoin Fuss over Ordinals The Litecoin project and its native token have unexpectedly benefited amid the turmoil of the bitcoin network. Recall, recently the a ...

Bitcoin Transactions Reach New Record High in 2022

Their volume exceeded the 2017 numbers Certainly the Ordinals haip contributed to this But overall, such records show an important thing in the network's development path According to Glassnode and other blockchain services, the weekly number of BTC t ...

BBC Applies for Doctor Who Trademark for NFTs and Metaverse

The British Broadcasting Corporation has applied for trademark registration for the NFT and meta universe based on the acclaimed television series. The BBC has applied to register a trademark in the form of the logo of the Doctor Who TV series for use with non-substitutable tokens (NFTs) and in m ...

Disney unveils Star Wars NFT collection with Cryptoys

It will be released on May 24 The digital Darth Vader can be purchased for $40 Characters created on the FLOW blockchain On Star Wars Day, May 4, Disney unveiled a new crypto project. This is a collection of Star Wars digital characters with developer ...

Billionaire Bernard Arnault invests in NFT despite his conservative stance on cryptocurrency

It's about 74-year-old Bernard Arnault He became the world's richest man in 2020 according to Forbes Arnault Sr. has a page on OpenSea and owns several tokens His sons are actively promoting NFT French entrepreneur and billionaire Bernard ...

BRC-20 Token Capitalization Surges to $143 Million in One Week

From $17.5 million to $143.14 million The total number of tokens reached nearly 9,000 Some crypto experts compare this standard to ERC-20 and point to huge prospects According to Ordspace, the total token capitalization based on the BRC-20 standard ha ...

Sotheby’s Metaverse adds NFT trading platform to its ecosystem

Sotheby's Metaverse Ecosystem to Incorporate Secondary Trading Platform for NFTs. Sotheby's, the renowned auction house, has announced the integration of a secondary trading platform for non-fungible tokens (NFTs) within its Metaverse ecosystem, which serves as a platform for digital artwork and ...

Vatican Library to Use Blockchain and NFT Technology to Digitize and Preserve Collection

The Vatican Apostolic Library has announced that it will implement blockchain and NFT technology to digitize and preserve its collection of manuscripts, books and historical documents. The Vatican Library has launched this project in collaboration with technology service ...

Apple Allowed Publishers to Offer Alternative Payment Options, Affecting NFT Market

Apple won the case, but suffered a major blow The court allowed publishers in the App Store to offer alternative payment options This means that you can buy NFT for cryptocurrency and without the predatory 30% commission This week the appeal hearing i ...

Dogecoin Creator Calls Crypto Investors “Mentally Disabled” and NFT Buyers “Unhealthy”

Billy Markus, the creator of the Dogecoin meme cryptocurrency, has made controversial comments about crypto investors and NFT buyers. Markus, who tweets under the handle Shibetoshi Nakamoto, a parody of the mysterious creator of Bitcoin, Satoshi Nakamoto, has been a vocal critic of cryptocurrenci ...

The Pokémon Company seeks Director of Corporate Development with NFT and Meta Universe expertise

The Pokémon Company needs a director of corporate development with NFT and meta universe skills Japanese company that owns the rights to the Pokémon brand, The Pokémon Company, is looking for a top manager with expertise in non-interchangeable tokens (NFT) and the meta universe. These are the ...

Societe Generale’s Euro CoinVertible Stablecoin Code Criticized by Crypto Community

Yesterday, a new stablecoin called Euro CoinVertible was introduced on Ethereum by a subsidiary of Societe Generale, a French bank. However, it has been discovered that the code of the smart contract was written poorly. After an audit of the EURCV code by developers from the crypto community, ...

Square Enix Partners with Elixir to Introduce Web3 Gaming Elements

Square Enix, the well-known Japanese game publisher, has announced a new partnership with the Elixir platform, aimed at promoting the use of Web3 elements in gaming. Elixir offers a unique combination of traditional PC games and Web3-based video games, having recently integrated a library of proj ...

Madonna’s Iconic Underwear Goes Digital: Sold as NFT Collection

CollectorLabs recently announced the sale of a unique collection of non-fungible tokens featuring pop singer Madonna's iconic underwear from her 1980s performances. The company is offering buyers the opportunity to own a small fragment of one item of Madonna's underwear as an NFT, rather than the ...

Fortune Releases Crypto 40 Ranking of Companies Impacting the Crypto Industry

Fortune, the renowned American business magazine, has created the Crypto 40 rating to recognize the 40 companies that have made the most significant impact on the cryptocurrency industry. These organizations have been divided into eight categories, including CeFi, TradFi, NFT, Infrastructure, Ven ...

Almost Half of NFT Holders Support Regulation to Mitigate Risks, Survey Shows

A new study by CoinGecko, a digital currency information aggregator, revealed that almost half of NFT holders are in favor of introducing regulations to protect themselves from potential risks. The survey was conducted between December 2022 and January 2023, with 343 non-fungible token (NFT) hold ...

Chinese Government-backed CPIC Investment Management Launches Two Cryptocurrency Funds

CPIC Investment Management, a China Pacific Insurance Company (CPIC) subsidiary that is government-backed, has announced the launch of two new cryptocurrency funds. These funds will be focused on investing in blockchain technology, as well as digital asset staking. The launch of these funds wi ...

Papa Johns to Release Non-Fungible Tokens of Popular Pizzas on OneRare Metaverse

The Papa Johns pizzeria chain's proprietors have exciting plans to release a unique collection of non-fungible tokens that feature images of their three most sought-after pizzas. OneRare, a revolutionary metaverse platform within the food and beverage industry, offers patrons the opportunity to v ...

Rollbit Token Price Drops 17% Amid License Renewal Negotiations

Rollbit (RLB), the popular crypto-casino token, has experienced a significant drop in its value, plunging by 17% in a single day. The sudden drop in price is reportedly due to issues with the project's license. Recent data from CoinGecko reveals that the token has dropped by a staggering 37.5% ov ...

Flybondi Launches NFT Ticketing on Algorand Blockchain

Flybondi, the budget airline from Argentina, has launched a unique project called Ticket 3.0, which involves issuing tickets in the form of non-fungible tokens (NFT). By utilizing Algorand blockchain technology, passengers can now transfer, exchange or sell their tickets as per their convenience. ...

UK Government Abandons Plans for Royal Mint NFT Tokens

After facing criticism, the UK government decided to scrap the plans of the Royal Mint to issue non-fungible tokens. Economy Minister Andrew Griffith informed the British Parliament that the Royal Mint had decided to temporarily abandon the project, stating that there was not enough evidence to j ...

NFT Collector Accidentally Burns CryptoPunk Token Worth $135,000

Collector Brandon Riley experienced a devastating loss when he mistakenly burned his CryptoPunk #685 token, valued at a whopping $135,000, during an unfamiliar NFT packaging process. In a tweet expressing his regret, Riley admitted that he was so focused on following the instructions to the lette ...

Top 5 Promising Altcoins to Watch in March 2023

BeInCrypto's team of editors has curated a unique list of the top five altcoins with the most potential in March, based on upcoming events and ecosystem developments. Optimism (OP), Polygon (MATIC), and Filecoin (FIL) have made the cut due to their respective mainnet upgrades launching next month ...

GQ to Launch Its First NFT Collection with Digital Artworks

GQ, the renowned men's fashion magazine, is set to debut its first-ever collection of non-fungible tokens (NFTs), offering NFT holders an opportunity to engage in exclusive US edition events at discounted rates. The collection, designed by artists C ...

OpenSea loses users to competing NFT trading platforms

OpenSea has recently acknowledged losing users to rival NFT trading platforms and has decided to take action. Starting February 18, the platform will temporarily waive the 2.5% sales commission in an attempt to retain its existing user base and attract new customers. However, according to Nansen, an ...

Bitget Expands Platform, Adding AI, Arbitrum, and NFT Zones for Token Listings

Bitget, a prominent crypto derivatives exchange, is expanding its platform by adding new areas for listing tokens, including AI, Arbitrum, and NFT zones. The goal is to provide users with early access to promising tokens and help them find high-quality crypto assets. Bitget will regularly review ...

Solana Spaces Closes New York and Miami Stores Due to Lack of Popularity

Solana Spaces, a project that showcased NFTs on the Solana network and offered wallet services and information, has announced the closure of its stores in New York and Miami due to low popularity. The founder of the project, Vibhu Norby, stated that ...

Huobi New Statement to Decommission Huobi Cloud Wallet

Referring to the information on the official page of the Chinese cryptocurrency exchange Huobi, the multi-token DeFi wallet Huobi Cloud Wallet is expected to no longer receive the necessary updates and support on the platform from February 13th. The official end of service and decommissioning dat ...

Binance will adjust the commission for issuing NFT Collection

  As the Binance NFT Marketplace officially announces the changes in fees associated with the issuance of NFTs. In order to be eligible to create a new collection of tokens, the user must complete the mandatory identity verification, and his account on the Binance NFT platform must have at l ...

The NFT-enabled Rally platform makes sidechain shutdowns.

The platform allows content creators to create their own tokens, which are then used in their micro-economy. Such tokens can be used to gain exclusive access to content or to purchase additional items, including NFTs. And the more popular a content creator became, the more valuable their token becam ...

Binance Reduces Tron Network Fees for Its Clients Due to User Outrage

  The increase in fees for withdrawing funds from Binance in the Tron network did not find understanding among the crypto community. The innovation lasted about a day.Last Friday, February 10, Binance, one of the largest cryptocurrency exchanges, officially announced an increase in fees for ...