Category: NFT
Yuga Labs Takes a Stand for Creator Royalties Amidst Magic Eden’s Marketplace Launch
In a notable move that underscores the significance of supporting creators in the NFT space, Yuga Labs has declared its decision to discontinue collaboration with NFT marketplaces that fail to…
Yuga Labs Expands NFT Reach with Acquisition of Proof and Moonbirds Integration
In a strategic move to consolidate its dominance in the NFT industry, Yuga Labs, the creative force behind the Bored Ape Yacht Club, has formally acquired Proof, the distinguished creator…
Ethereum NFT Market Surges: Weekly Trading Volume Reaches $158 Million
In a notable development, Ethereum’s non-fungible token (NFT) market has experienced a remarkable resurgence, achieving the highest weekly trading volume since February 2023. Recent data from CryptoSlam reveals a substantial…
Blockchain Gaming Sensation ‘Heroes of Mavia’ Launches Token Airdrop After Surpassing 1 Million Downloads
In a remarkable achievement, Skrice Studios’ blockchain-powered mobile game, “Heroes of Mavia,” has initiated a token airdrop following an impressive milestone of over 1 million downloads. The game, which garnered…
Elon Musk’s X Discontinues NFT Profile Pictures, Shifting Away from Ethereum Integration
Elon Musk’s social media platform, X (formerly Twitter), has decided to discontinue a feature that allowed premium users to showcase non-fungible token (NFT) images as their profile pictures. Introduced two…
South Korean Gaming Giant WeMade Faces $41 Million Crypto Tax Obligation
South Korean gaming behemoth WeMade is grappling with a substantial $41 million tax bill, stemming from the National Tax Service’s investigation into the company’s crypto-related activities spanning 2019 to 2022….
China Forges Ahead in Web3 Development: Boosting NFTs and Decentralized Apps Despite Crypto Trading Ban
In a noteworthy move, China’s Ministry of Industry and Information Technology has pledged to enhance the development of non-fungible tokens (NFTs) and decentralized applications (DApps), underscoring its commitment to blockchain…
OKX NFT Marketplace Trading Volume Exceeds $50 Million daily due to Ordinals Surge
OKX’s NFT has surpassed prominent competitors including Blur, Magic Eden, and OpenSea, boasting an astounding daily trading volume of more than $50 million. This milestone, which was recorded on December…
OpenSea Valuation Drops As Tiger Global Suffers a Large Loss
Tiger Global saw an 18% loss, which led to a major reduction in valuations throughout its portfolio, including OpenSea. Following the American investment firm Tiger Global Management’s decision to lower…
How to invest in NFTs in 2024?
What is an NFT (Non-fungible Token)? NFTs can be used to track and validate ownership or identity by utilizing blockchain technology. They use the same underlying blockchain cryptography technology, but…
Uptick in Pudgy Penguins trading volume following Walmart deal
Following the NFT platform’s collaboration with retail giant Walmart, the weekly trading volume of Pudgy Penguins shot up by around 241%. According to experts who have been closely monitoring live…
What is an NFT?
Non-fungible tokens, or NFTs for short, have many applications today, the main one being the establishment of unique ownership. We shall discover the definition of NFTs and the reasons for…
Take-Two’s Crypto Game, Sugartown Generates Over $5 Million in NFT Trading
In the recent development in the gaming industry, Take-Two, the developer behind the well-known ‘Grand Theft Auto’ franchise that was acquired by Zynga has recently ventured into the world of…
Casio Partners with Polygon to Release Virtual G-SHOCK NFTs
The market of non-fungible tokens (NFTs) is growing at an exponential rate attracting a large volume of users with its authenticity and decentralized nature. The recent news on the collaboration…
Adidas Announces the Launch of its Global Digital Artists Residency Program
In the integration of fashion, artistry, and technology, Adidas, one the the sportswear and lifestyle giants is expanding its commitment to the NFT space. Adidas Studio, also known as the…
SEC’s First Enforcement Action Against NFTs: Impact Theory’s NFTs Considered Unregistered Securities
The world of cryptocurrencies has always fallen victim to the accusations of regulatory bodies. The recent charges against Ripple Labs by the US Security and Exchange Commission (SEC), claiming their…
Recur, a Prominent NFT platform has Declared A Shutdown Two Years After Raising Series A Funding of $50 Million
The cryptocurrency market is unknown for its uncertainty and volatile nature. While some projects touch the peak of success others fail to hold their position for a longer period. The…
Bored Ape NFTs Prices Collapse as Investors Sue Auction House, Sotheby for Misleading Promotion
The integration between the world of art and blockchain technology has led to the massive popularity of non-fungible tokens (NFTs). NFTs allow the artist globally to tokenize their work and…
Reebok and VeeFriends to roll out limited-series shoe collection
Leading sportswear manufacturer Reebok announced that it has partnered with VeeFriends to roll out a limited-edition series of shoes that will be based on the latter’s 283 characters. Launched on…
Here’s everything you should know about Reddit’s latest NFT airdrop
Leading social media network Reddit recently announced a new range of digital collectibles which will be its latest Avatars Gen 4 airdrop. To be called ‘Retro Reimagined’, the new airdrop…