Things are not going well in the world of NFT right now – values are dropping, scams and hacking are on the rise, and as a result people are starting to question their long-term viability. As if all that weren’t enough, the creator of the web’s most popular NFT art is now under investigation by the US Securities and Exchange Commission, in another blow to blockchain-based digital assets. Yuga Labs, the creator of the Bored Ape Yacht Club NFT group, has been under investigation by the US Securities and Exchange…
Read MoreTag: Irreplaceable icons
The Rise of NFT Sports Trading Cards: How the Collectible Experience is Changing
The craze for attainment has gone digital, and the world of sports is no exception. intersection of blockchain and Non-fungible tokens (NFTs) It allowed a new wave of collectibles to emerge, while leveraging the immutable nature of the blockchain ledger to create digital scarcity, transparency, and trust in every card or token. The new NFTs have created amazing experiences for sports fans, but there is room for more adoption. Let’s explore how new NFTs are changing the way we collect, trade and display rare physical sports memorabilia. Physical card problem…
Read MoreCrypto Romance Tricks: ‘Asian Women’ On Twitter Are Coming For Your ‘Crypto Wallets’
Twenty-eight-year-old Nikhil (name changed), a crypto investor based in Pune, has moved on to several dating apps, but no luck. But one night this year, a “beautiful woman” sent him a message on Twitter, claiming to be from Singapore. What followed was a better match than any dating site could offer. The duo discussed crypto, football, pizza and even exchanging WhatsApp numbers. “…She has always been talking about crypto, and that makes me happy. She will be discussing investments and potential airdrops, and I would like to speak with her,”…
Read MoreFC Barcelona’s first ever artwork sold for $693,000
FC Barcelona has sold its first ever non-fungible (NFT) artwork for $693,000 at an auction in New York. NFTs are digital assets such as a photo, video, or anything that can be digitized. NFT Barcelona titled: “In a Timeless Way” is a digital video artwork that recreates the moment at the Johan Cruyff Stadium on December 22, 1973, when the player “flew” in the air to score a goal against Atlético de Madrid. Specifically, the auction closed at $550K. However, along with the seller’s fee added to the amount, the…
Read MoreEpic Games won’t ban NFTs from being used in games, CEO Tim Sweeney says
Epic Games CEO Tim Sweeney tweeted that the company has no plans to ban non-fungible tokens (NFTs) from its games. It comes as Microsoft-owned Minecraft has announced that it will soon ban the use of NFTs on community-managed Minecraft game servers. “Developers should be free to decide how their games are created, and you are free to decide whether you want to play them or not. I think stores and OS makers should not get in the way of imposing their opinions on others,” Sweeney wrote in a tweet. In…
Read MorePrada Announces New Timecapsule NFT Collection, Discord . Channel
Prada has announced a further expansion of Web3 with its new Timecapsule NFT suite. The company describes the collection as gender-neutral, meaning that anyone regardless of their gender can wear it. The apparel giant also celebrated the launch of “Prada Crypted,” the brand’s new community server on Discord, which is open to anyone who wants to join. According to a press release, Timecapsule NFTs will be a monthly 24-hour online event, on the first Thursday of every month, an exclusive item will be made available on Prada’s official website in…
Read MoreInstagram to allow posting of NFTs from Etehreum, Polygon, Solana and Flow: Report
Instagram users will now be able to view their blockchain art in the form of non-fungible tokens (NFTs) on the platform, according to a new report from Coindesk. According to the report, Meta-owned Instagram will integrate with the Ethereum, Polygon, Solana, and Flow blockchain networks to facilitate this. Users will have to add their crypto wallets like Metamask and prove ownership of the NFT before it can be offered on the platform. The beta launch will not charge users for posting and sharing NFTs. Initially, Twitter made hexagonal NFT profile…
Read MoreShanghai residents turn to NFTs to register COVID lockdown and fight censorship
Shanghai residents are turning to blockchain to preserve memories of the city’s month-long COVID-19 lockdown, minting videos, photos and artwork that capture their plight as non-fungible tokens to ensure they can be shared and avoid deletion. Unable to leave their homes for weeks at a time, many of the city’s 25 million residents unleashed their frustration online, venting stringent lockdown restrictions and difficulties getting food, and sharing stories of suffering, such as patients unable to get medical treatment. This has intensified a cat-and-mouse game with Chinese censors, which has vowed…
Read MoreCryptocurrency exchange Coinbase opens the NFT market to all users
Coinbase Global Inc (COIN.O) said it is opening its non-fungible tokens (NFT) market to all users, the US cryptocurrency exchange said in a Twitter post on Wednesday, the platform it had earlier rolled out to select US users. States. Coinbase said its NFT market is in the beta phase and the company is still working on adding more features to the platform. The platform was first announced in October last year, and opened to a “small number” of users in the US in April, and the company said at the…
Read MorePushing the NFT sector to move towards $800 billion by 2024: Coingecko
Driven by a growing interest in the metaverse and games, Non-fungible Token Sector (NFT) It is expected to move about $800 billion by 2024, according to a new report from crypto market tracker Coingecko. NFT’s trading volume hit $5 billion at its peak in August 2021, however, since then the NFT market has dwindled a bit, but it’s still one of the city’s hottest buzzwords and still grabs the headlines. According to a survey by CoinGecko, out of 871 participants, approximately 72 percent of them own NFTs, and more than…
Read More