Category: News

Chingari’s Creator Cuts NFT marketplace will empower the creators by offering a unique financial and community engagement opportunity. The platform will offer both – creators and NFT owners – rewards in its native cryptocurrency GARI tokens. On Monday, August 22, on-chain social media application Chingari took a bold step by launching the video NFT marketplace, …

Read more “On-chain social app Chingari launches the first ever video NFT marketplace”

The hype surrounding nonfungible tokens (NFTs) has allowed some of the world’s most iconic brands to rake in hundreds of millions of dollars in additional revenue, underscoring the mass consumer appeal of digital collectibles.  Leading brands including Nike, Gucci, Dolce & Gabbana, Adidas and Tiffany have amassed a combined $260 million worth of sales from …

Read more “Iconic brands including Nike, Gucci have made $260M off NFT sales”

SudoRare – a decentralized non-fungible token (NFT) marketplace – is reportedly the latest crypto project that had rug-pulled its customers. The project, established earlier today, shut down its operations six hours after launch after it was rug-pulled for 519 ETH (around $850,000 going by current prices). The blockchain security company – PeckShield – indicated that …

Read more “NFT Platform SudoRare Rug Pulled for $850K Hours After Launching”

If you follow the crypto Twitter-sphere you may have come across a recent drama that started with a comment by a well-known analyst and commentator known as Cobie. Famous for his upfront understanding of all things crypto, on his UpOnly podcast he has interviewed the likes of Vitalik Buterin, Justin Sun and Michael Saylor. Take …

Read more “Are NFTs Art or Altcoin?”

The CyberKongz don’t get the mainstream media headlines, but they’re one of the most solid NFT projects out there. If not the most. They have an active and heavily involved community behind them, and they keep working and innovating while the others sleep. In the NFT world, everyone respects the CyberKongz. Outside, in the real …

Read more “Blue Chip NFTs 101: CyberKongz Together Strong!”

[PRESS RELEASE – London, United Kingdom, 22nd August 2022] Bullieverse, an open-world, 3D metaverse gaming platform that runs on Unreal Engine, launches its asset marketplace. This would allow Bullievers (community) to buy and sell their genesis NFT collection “Citizens of Bulliever Island” and in-game assets on its platform. The Metaverse project (Bullieverse) has its Bull …

Read more “Bullieverse Launches NFT Marketplace Aiming for an eBay-Style Unbundling”

 Former OpenSea sea executive Nate Chastain has filed a motion asking a U.S. district court to dismiss insider trading charges levied against him because non-fungible tokens (NFTs) do not meet the requirements for wired fraud charges. Citing the Carpenter wire fraud theory, Chastain’s lawyer argued that NFTs were neither securities nor commodities, and insider trading law …

Read more “Former OpenSea exec claims insider trading laws cannot apply to NFTs”

After its recent success with domain name auctions, Telegram is planning auctions of millions of reserved Telegram addresses. Founder Pavel Durov said that TON has the best technology to host decentralized sales and Telegram can easily write “bullet-proof” smart contracts. On Monday, August 22, Telegram founder Pavel Durov floated a new idea of having a …

Read more “Telegram founder proposes auctioning username addresses with NFT-like smart contracts”

Pavel Durov, the founder of encrypted messaging app Telegram, has floated the idea of a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames.  Durov made the suggestion after the “success” of domain name auctions by The Open Network (TON), a layer-1 blockchain originally designed by the Telegram team. The blockchain project …

Read more “Telegram founder suggests ‘NFT-like smart contracts’ to auction usernames”

On Monday, developers of decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures in an attempt to stabilize the ecosystem. The same day, it was revealed that the project had just as little as 15 wrapped Ether (wETH) worth $23,715 to pay back lenders. Approximately 15,000 ETH was lent using …

Read more “NFT lending protocol Bend DAO proposes emergency changes amid credit crisis”

The NFT craze of 2021 swept across almost every industry and made non-fungible tokens a household name across the globe, making NFTs, which were once reserved only for a small niche of crypto enthusiasts, catch the eyes of legacy brands that joined in on the craze. After buying sought-after NFT collections like the BAYC or …

Read more “Big brands start seeing revenue from their NFT sales”

Lawyers representing Nathaniel Chastain, the former OpenSea product manager accused of insider trading, have claimed United States authorities only filed charges in an attempt to set a legal precedent that nonfungible tokens (NFTs) are securities. In a Friday filing with the Southern District of New York court, Chastain’s legal team from Greenberg Traurig filed a …

Read more “Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employee”

A new report from Juniper Research analyzed the trajectory of the nonfungible token (NFT) market over the next five years. According to the study, global transactions related to NFTs will escalate from 24 million in 2022 to nearly 40 million by 2027.  One of the top catalysts to push NFT adoption will be those linked …

Read more “Metaverse is a key factor in long-term NFT success, says new research”

Many understand the power of NFTs and content creation. Many more continue to herald the technology as it helps creators connect directly with fans by tokenizing artistic and other creative work. NFTs are viewed as an important tool towards democratizing creative endeavors, since more people can get involved without having to go through a third-party …

Read more “Supercute World is the Next NFT Brand Aiming to Become the Next Disney”

Daily revenue for GameStop’s NFT marketplace has plummeted to under $4,000, suggesting that interest in the platform has waned significantly since launching in mid-July. According to data from DappRadar, GameStop NFT has generated roughly $166,800 worth of sales volume over the past 24 hours. With the platform charging only a 2.25% fee on NFT sales, …

Read more “GameStop NFT daily fee revenue plunges under $4K as gloom infects markets”

The marketplace won’t charge any fee for NFT sales, making it different from competing projects. Rarible’s announcement follows pitches from other projects like snag solutions and Magic Eden. There is now a competition for Magic Eden’s proposal to establish an NFT marketplace unique for the APECoin community. Rarible (an NFT marketplace protocol) has proposed an …

Read more “Rarible proposes the creation of a zero-cost bored APE-focused NFT marketplace for APECoin users”

Nonfungible tokens continue to captivate mainstream audiences around the world as Web3 technology grows at a rapid pace. Original Source

Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks NFTs, who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situation could lead up to the NFT sector’s first massive liquidation event. gm. As a result of the floor dropping to 72, the first …

Read more “Nearly $55M worth of Bored Ape, CryptoPunks NFTs risk liquidation amid debt crisis”

The music industry continues to find inventive ways to integrate decentralized technology into new releases to benefit both artists and their fans.  Electronic dance music (EDM) artist R3HAB and blockchain-based music community anotherblock released a single on Aug. 19 with the idea of “democratizing music rights.” The nonfungible token (NFT) included in the drop allows holders …

Read more “NFTs democratize music industry and redistribute song rights”

[PRESS RELEASE – Please Read Disclaimer] Mega World is a metaverse with real economics built on top of the popular Web3 city builder game MCP3D running on Ethereum and TRON Network since 2018, where every game asset is NFT owned by a player, and every action is a verified transaction on a blockchain. Players acquire …

Read more “PFP NFTs Meetup to Swap 1:10 MEGA in MegaWorld”