Development in the blockchain and cryptocurrency space creates hopes of the Metaverse’s future in the real world. NFTs are an important part of the metaverse and the talking point of mainstream media. More companies are working with NFTs, and given how flexible NFTs are as a format, it is likely the space has a lot …
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The United Kingdom’s Gambling Commission has issued a notice against Sorare.com, a non-fungible token (NFT)-based fantasy football platform. According to last week’s notice, the NFT platform is not licensed by the UK gambling regulatory authority and is now under scrutiny. “This means that any activity completed on the site by consumers in Great Britain is …
Read more “UK Gambling Commission Flags NFT Fantasy Football Platform Sorare”
For the first time in chess history, grandmaster Magnus Carlsen has been awarded a nonfungible token (NFT) trophy for winning an international chess tournament, Meltwater Champions Chess Tour (MCCT). The tournament minted a number of NFT trophies and collectibles to indefinitely preserve the game’s most defining moments. Speaking to Cointelegraph, Carlsen shared his appreciation of …
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Front Row, a marketplace geared towards progressive organizations, has said it will be partnering with the Texas Democratic Party to pilot a program aimed at raising money for candidates and causes using nonfungible tokens. In an Oct. 11 announcement, Front Row said it had already minted digital images of key moments related to the progressive …
Read more “Texas Democratic Party aims to use NFT sales for fundraising efforts”
FTX.US’s NFT marketplace has expanded support to the Solana blockchain, enabling users to trade, deposit and withdraw nonfungibles that conform to the Metaplex token standard. The U.S. registered branch of FTX announced the expanded functionality on Oct. 11, revealing the marketplace also plans to support Ethereum-based tokens in the near future. The marketplace is open …
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The Solana NFT Marketplace has been officially launched, according to an Oct. 12 tweet from the FTX exchange. Any NFT pieces or collections on the new platform must be on the Solana blockchain; however, there are also plans to support Ethereum-based tokens, which are the industry standard. The FTX.US North American affiliate of the popular …
Read more “FTX Launches Solana NFT Marketplace in the United States”
A new Polygon to Ethereum bridge is helping bring Aavegotchi NFTs to the Rarible marketplace, the teams said in a release shared with CryptoSlate this week. “One of our main goals at Rarible is to make sure that our vibrant community has access to all the amazing things happening in the space. Given the rising …
Read more “A Polygon-Ethereum bridge is bringing Aavegotchi NFTs to Rarible”
NFT games have had their fair share of history. NFT games from the first generation provide idle gaming experiences that focus on digital collectibles. The idea was revolutionary at the time, but it lacked long-term player engagement, and the public was quick to abandon the gameplay. Second-generation NFT games introduced the well-known play-to-earn concept that …
Read more “How you could Play-to-Earn in the NFT era with crypto project The Three Kingdoms”
Tradeteq, a provider of data, technology & software to the trade finance industry, announced today it has partnered with Singapore-based eXchange inFinite (XinFin) to offer tokenized trade finance products to institutional investors and has completed its first transaction. eXchange inFinite (XinFin), is a Delegated Proof of Stake Consensus network (XDPoS), enabling Hybrid Relay Bridges, Instant …
Ripple, a provider of enterprise blockchain and crypto solutions, today announced a $250 million fund to provide creators with the financial, creative, and technical support needed to explore and craft premium non-fungible tokens (NFTs) and other tokenization projects on the XRP Ledger. Heightened interest in NFTs globally has introduced new revenue streams and business models …
Otherw0rld is an NFT creator whose aim is to explore “digital dimensions, machine hallucinations, and worlds that straddle dream and reality.” In early October, they released their first collection, entitled “oneiric_realms.” Each piece of artwork is the result of synthesizing artificial intelligence and human creativity. As you explore these ethereal fantasy worlds, it almost feels …
Of all the NFTs in existence, there’s some that have clearly risen to the top. Certain collections have trading volumes of over 100,000 ETH, as well as recognition from major news outlets. In the past year or so, certain NFT drops and collections have gone viral, whereas others have built a steady customer base from …
Those relatively new to the crypto world may be wondering: what are the differences between the Polygon and Ethereum networks? Which should I choose to mint my NFT on? Well, each blockchain has its pros and cons, so it really depends on what you’re looking for as a seller and consumer. If you’ve already chosen …