Tag: NFT
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…
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…
Binance Announces its Decision to Remove Support for Polygon NFTs from its NFT Marketplace
The recent announcement made by one of the leading cryptocurrency exchange platforms, Binance, has sent shockwaves across the non-fungible token (NFT) community. The company announced this Friday that it will…
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…
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…
Jack Dorsey’s first tweet NFT now selling at under $2,000
More than a year since its launch, former Twitter CEO Jack Dorsey’s first tweet, which was converted into a non-fungible token (NFT) and sold for $2.9 million, is now valued…
McNuggets Enter Metaverse and OpenSea’s New Deal
The metaverse has become the next big thing where every brand eager to explore new audiences and ways to keep them engaged wants to set foot in. The popularity it…
Atriv Teams Up with Flare to Introduce AI-Powered NFTs to the Ecosystem
Atriv, an AI-powered digital art platform specializing in the creation of NFTs from text, has entered into a partnership with Flare, a data-focused Layer 1 blockchain network. The collaboration aims…
Pudgy Penguns Makie a Splash on Amazon, Selling Over 20,000 Toys
Pudgy Penguins, the popular NFT collection, experienced tremendous success and overwhelming interest with the launch of its new “Phygital” Toy Collection & Experience on the renowned e-commerce platform, Amazon. The…
Polygon’s Co-Founder Praises Reddit’s NFT Strategy and Community Engagement
Reddit, the popular social media platform, has been hailed as the only major tech company that has successfully embraced and popularized non-fungible tokens (NFTs). According to Sandeep Nailwal, the co-founder…
Unveiling the NFT Auction Phenomenon: Bankrupt 3AC Raises $2.5M with Sotheby’s
Non-Fungible Tokens (NFTs) have emerged as a revolutionary concept in the world of digital assets and blockchain technology. NFTs are unique digital tokens that represent ownership or proof of authenticity…
Sotheby’s Auction of 3AC NFTs Yields $10.9M, with “The Goose” Fetching $6.2M
Sotheby’s, the renowned auction house, recently concluded another successful sale of non-fungible token (NFT) artwork from the bankrupt crypto hedge fund Three Arrows Capital (3AC). The auction, held in New…