Major crypto exchange Coinbase has announced it will be opening a waitlist for a nonfungible marketplace it plans to launch later this year. In an Oct. 12 blog post, Coinbase vice president of product and ecosystem Sanchan Saxena said the nonfungible token, or NFT, marketplace would allow its users to mint, purchase, discover, and showcase …
Read more “Coinbase follows FTX and Binance in launching NFT marketplace”
Wormhole, the interoperability protocol that facilitates any type of data to be passed between different networks, announced the addition of Binance Smart Chain (BSC) support to its already existing ETH <> SOL token and NFT bridge. Now, with more than $200 million in total value locked (TVL) in the protocol from its Solana and Ethereum …
Read more “New bridge connects Binance Smart Chain tokens and NFTs to Ethereum and Solana”
The U.K. Gambling Commission, the country’s premier gambling watchdog, has launched an investigation into cards trading platform Sorare, said a notification released Monday. The commission alleged Sorare offered and operated an unregistered gambling platform targeted towards UK citizens. The country has strict laws to keep gambling and other speculative activities in check and requires such …
Read more “Crypto NFT unicorn Sorare hit by UK regulators over operating a ‘gambling’ platform”
NFTs are attracting more interest around the world and Ethereum is at the center of the trend. With the goal of targeting the digital economy and digital transformation, many high-tech companies have taken steps to be part of this new hype. Following a plan to roll out a marketplace to feature Solana-based NFTss, FTX US …
Read more “FTX Launches Marketplace for Solana NFTs But Ethereum Still Leads”
While many people are still not familiar with the use cases of nonfungible tokens (NFTs) in the crypto world, a creative NFT collector has found an interesting use for his NFT in Defi. How it happened Three months ago, a NFT collector took a loan of 3.5 ETH which as of press time was worth …
Read more “This crypto investor lost an NFT worth $342,000 on a mere $12,600 loan”
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 …
Read more “NFTs Expand as New Industries Break into The Metaverse”
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 …
Read more “Chess grandmaster Magnus Carlsen awarded NFT trophy after tournament win”
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 …
Read more “FTX.US expands NFT marketplace to support Solana tokens”
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 …