Phantom wallet introduces burn NFT feature along SOL rewards

Phantom allows users to remove unwanted and spam NFTs from their wallets saving them from any phishing attacks. Phantom is also working on bringing automated spam detection features in the future via providers like SimpleHash. On Wednesday, August 17, Solana-based cryptocurrency wallet Phantom announced a new feature for burning non-fungible tokens (NFTs). Over the last …

AFL’s first limited-edition NFT drop sells out in under 12 hours

The Australian Football League (AFL)’s first limited edition drop of non-fungible tokens (NFTs) saw huge takeup on Wednesday, selling out in just under 12 hours.  On Aug. 17, the football league launched “Ripper Skipper 2022” through its AFL Mint program, allowing people who joined the “allowlist” to purchase one of 3,800 packs reserved for the …

Anthony Hopkins is Launching an NFT Collection To Celebrate His Career

On August 17, Orange Comet, an art+entertainment company focusing on NFT minting and promotion services, announced its partnership with the renowned Hollywood actor, Sir Anthony Hopkins, to launch its first NFT collection. Orange Comet says this will be the first series of the NFT series “The Eternal Collection,” which will run for 3 days. During …

Solana wallet fires up the grill to burn spam NFTs out of existence

Solana-based wallet provider Phantom has launched a new burn feature allowing users to remove spam non-fungible tokens (NFTs) sent by scammers. According to an Aug. 18 blog post from the Phantom team, the new feature is accessible via the Burn Token tab in the Phantom wallet app, allowing users to receive a minuscule deposit of …

Meet Dogechain; the Layer 2 platform for DeFi, NFTs, dApps, and much more

The Layer-2 Dogechain allows users to launch new projects in DeFi, dApps, NFTs, and much more. Dogechain is not an official project from Dogecoin, however, its daily trading volumes have been north of $20 million. In the last 24 hours, memecoin Dogecoin (DOGE) has surged by a staggering 11 percent as the Dogecoin Foundation extends …

Celebrities called out for shilling NFTs: Nifty Newsletter, Aug 10–16

In this week’s newsletter, read about how Justin Bieber, along with other celebrities, was called out to disclose their connections to nonfungible token (NFT) firms. Check out the market performance of blue chip NFTs and how NFT games have an advantage over traditional gaming business models. In other news, learn about how OpenSea is implementing …

Willard Chesney and Justin Melnick Release NFT Collection on the ReserveBlock RBX Network

[PRESS RELEASE – Miami, United States, 16th August 2022] Former Navy SEAL Operator and Author Willard Chesney, the dog handler on the historic raid on the Osama Bin Laden compound, along with Justin Melnick, who plays Navy SEAL dog handler ‘Brock Reynolds’ on the CBS hit television series SEAL TEAM, are banding together to release …

Why This New NFT Integration May Be What Cardano Needs To Break $0.6

Cardano has been making its mark in the NFT space long before smart contracts capability was available on the network. Collections have also found a reasonable level of success, given that non-fungible tokens remain relatively young for the blockchain. Nevertheless, developers continue to push for broader adoption when it comes to Cardano NFTs, and a …

Consumer watchdog group calls out Paris Hilton, Justin Bieber, and other celebs for shilling NFTs

The group says these celebrities are deceiving the public with their promotions of non-fungible tokens through their social media channels. The US SEC had warned the public never to invest in celebrity-endorsed initial coin offerings (ICO). The Truth In Advertising (TINA.org), a consumer watchdog group, has called Justin Bieber, Paris Hilton, and 17 other celebrities …

NFT marketplaces criticized for non-royalties on secondary sales

Regardless of creators being presented with the option to choose from the largest NFT marketplaces including OpenSea, Magic Eden, and LooksRare which all honor creators’ royalties, some artists cannot wrap their heads around the fact that some rival upstarts do not enforce it.  Creators and collectors have taken to Twitter to express their concerns. Creators …

Ripps Ryder Claims his Bored Ape NFTs Are “Artistic Criticism”

As per Ripps’s filing on Monday, the artist has asked a Los Angeles federal court to stop a trademark lawsuit brought against him by the BAYC creator. He further argued that his NFTs of the apes were a type of “appropriation art” meant as criticism and protected by the First Amendment. His NFTs of Bored …

EQBR Launches its US-based NFT Startup for Enterprise and Consumer

[PRESS RELEASE – Singapore-August 13, 2022] EQBR Holdings (EQBR), a pioneer of Web 3.0 infrastructure providers, announced the launch of its new US-based NFT service company, My Flex, Inc. which will develop a new peer-to-peer (P2P) platform for enterprises and consumers to capture the value of authenticity through its NFT marketplace. The landscape for NFTs …

Blue chip NFT performance fails recovery, but investors HODL even harder

The market performance of blue chip nonfungible tokens (NFTs), often considered a good long-term investment, revisited its all-time low range for the second time since June 2022 — falling down below 10,000 Ether (ETH) in the blue-chip index maintained by NFTGo. Blue chip NFTs marked their best performance not too long ago, on April 29, …

Challenging Tiffany & Co. and What Could be the Most Expensive Public Sale in NFT History

Are diamonds an NFT holder’s best friend? The answer might be yes for a few hundred CryptoPunks holders, and it could soon be the same for thousands of others. Tiffany & Co., the well-known luxury jeweler and specialty retailer, made a lavish entrance into the NFT space this month, raking in more than $12.5 million …

19 celebrities called out by consumer watchdog group for shilling NFTs

Consumer watchdog group Truth in Advertising (TINA.org) has called out 19 celebrities for allegedly promoting non-fungible tokens (NFTs) without disclosing their connection to the projects.  The not-for-profit consumer advocacy organization said on their website they investigated “celebrities who promote non-fungible tokens (NFTs) on their social media channels”, finding that “it is an area rife with …

NFTs Embed Crypto Fundamentals in Popular Culture

Depending on when you got into crypto, and to what extent you opted to be a maximalist for a certain cause (most likely either Bitcoin or, later, Ethereum, since these have the most single-minded communities), your initial perception of the sector would have been very different. Take Advantage of the Biggest Financial Event in London. …

NFT games have edge over ‘money in, no money out’ games: Polygon’s Urvit Goel

Polygon’s VP of Global Business Development for gaming Urvit Goel believes games that integrate nonfungible tokens (NFTs) have a natural edge on traditional games that don’t allow users to sell their in-game items. Goel spoke candidly with Cointelegraph in Seoul last week about Polygon’s (MATIC) push toward helping NFT games proliferate and why game publishers …

NFTs will have similar regulatory rules like crypto under EU’s MiCA Law

EU mulls the idea of bringing NFTs under the markets in crypto-assets (MiCA) laws for crypto regulations in the region. Some market experts believe that doing so could stifle innovation in the NFT space and lead to undesired oversight of the crypto sector. The European Union has been actively working to bring crypto regulatory rules …

Component NFTs Are The Next Big Thing, And Cradles Will Lead The Way

Non-fungible tokens or NFTs have never been more popular, thanks largely to the interest and exposure of the last couple of years, particularly in the art and collectible scene. It has also enjoyed great success in the same period within the blockchain gaming sector. While the technology itself has been around since at least 2016, …