Ethereum software firm ConsenSys acquires NFT platform Treium

ConsenSys, a leading Ethereum software company, today announced the acquisition of the Treum team and its NFT platform from Mesh, a Web3 incubator, for an undisclosed amount. With this acquisition, ConsenSys is welcoming a team of creators, product managers, and software developers who have pioneered use-cases of Non-Fungible Tokens (NFTs) since their formation in 2017. …

Almost 1.1M people have already signed up for Coinbase NFT waitlist

There have already been more than 1 million sign-ups for Coinbase’s NFT platform since the waitlist went live on Oct.12. Coinbase opened up the waitlist via a blog post announcing its upcoming NFT platform which is slated to launch later this year. The platform dubbed “Coinbase NFT” will initially support the Ethereum-based ERC-721 and ERC-1155 …

SpaceBudZ Marks First NFT Sale Above $1 Million On Cardano Network

NFTs have been live on the Cardano network for a while. Before smart contracts capability had debuted on the network, users were able to mint and sell NFTs without needing a smart contract address. This has been one of the pulls towards the network and users have taken full advantage of this capability to trade …

Shiba Inu (SHIB) is about to drop Shiboshis NFTs. Here’s why it matters

Hoping to replicate the success of NFT collections such as CryptoPunks and Bored Apes, Shiba Inu is set to launch Shiboshis. Source: shytoshikusama.medium.com The initial Shiboshis drop will be available only on Shiba Swap. But no firm release date has been confirmed as of yet. In a post dated October 5, Project Lead Shytoshi Kusama …

Coinbase Plans To Launch NFT Marketplace Later This Year

NFTs just keep getting more popular – and now Coinbase is getting in on the action and launching an NFT marketplace. The irresistible attraction from NFT results in a huge number of major firms wanting to strike it rich. FTX and Binance are the two companies recently releasing their NFT marketplace. Now it’s Coinbase’s turn …

Moving NFTs Byond GIFs and JPEGs

[Featured Content] Even though NFTs have been one of the largest real-world use cases of blockchain and smart contracts to date, their adoption has been unidimensional. NFTs have been restricted to GIFs and JPEGs in popular culture, failing to incorporate the vastness the technology is actually capable of. Lepasa is a project that aims to …

Kawaii Islands – an NFT Play-to-Earn Game

[PRESS RELEASE – Tortola, British Virgin Islands, 12th October 2021] Kawaii Islands, an NFT play-to-earn game that launched in September of this year, will be conducting an IDO via the Polkastart platform at 13:00 UTC, Tuesday (October 12, 2021) and TGE on PancakeSwap at 14:00 UTC. The token’s initial market cap stands at around $800,000 …

ShoeFy Announces $3.65 Million Raise For Innovative NFT Platform With Utility Layers

ShoeFy, a decentralized project that has combined nonfungible tokens (NFTs) and fungible tokens (FTs) on one platform to add new utility layers to NFTs, has announced a $3.65-million round of fundraising. Investors include DuckDao, MoonWhale, ExNetwork, AU21, Basics Capital, Dutch Crypto Investors and more. Despite a heavily oversubscribed private sale, there are still two rounds …

Colors on Chain Announces Exciting Reward Game Based on NFT Colors

For the purpose of staying decentralized, Colors On Chain was built without specifying any specific rarity or characteristics. It is a collection of 8,888 distinct yield-revealing NFT colors produced and kept on-chain in perpetuity (art included). With the tokenId and position in a hex code string (length 6), a random number was chosen from a …

Solana NFTs are now live on the FTX marketplace

In its latest effort to expand its NFT services to its clients, FTX US has announced its support for a Solana NFT marketplace. This means that users of the exchange can now mint, trade, auction, and authenticate NFTs based on the Solana blockchain through the platform. FTX now supports Solana NFTs Previously, this was not …

Airdrops, DAOs, token issuance and public domains are the next frontier for NFTs

Volatility continues to be the name of the game for nonfungible tokens (NFTs) amid the rollercoaster valuations and volume surges, but a new trend appears to be emerging in the sector.  Aesthetic appeal aside, for many investors, buying an NFT is akin to casting a bait-laden hook into an opaque body of water and hoping …

Coinbase to Launch Its Own NFT Marketplace

Coinbase, a US-listed cryptocurrency exchange, announced on Tuesday the launch of its waiting list for its non-fungible tokens (NFTs) marketplace, Coinbase NFT. According to a press release shared with Finance Magnates, users will be able to mint, purchase, and showcase NFTs. The initial launch will support Ethereum-based ERC-721 and ERC-1155 standards, and Coinbase confirmed it …

Exclusive: Music Producer Rico Love to Sell NFTs on Corite’s Upcoming Blockchain Platform

Corite, a New York-based fan-powered music platform, announced on Tuesday that it would launch the latest project from music producer Rico Love, whose project expects to launch a sale of exclusive NFTs. According to the news shared exclusively with Finance Magnates, Love, who has written and produced tracks for artists like Beyoncé, Usher, Nelly, Trey …

Vitalik talks DAOs, Ethereum and NFTs in new interview

In a recent podcast interview with The Stakeborg Talks, co-founder of Ethereum Vitalik Buterin spoke candidly on a wide range of issues, including his early attraction to mathematics and problem-solving, the potential of decentralized autonomous organizations, or DAOs, his perspective on Bitcoin’s community and the nonfungible token, or NFT, space. Answering an inquiry as to …

Coinbase follows FTX and Binance in launching NFT marketplace

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 …

New bridge connects Binance Smart Chain tokens and NFTs to Ethereum and Solana

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 …

Crypto NFT unicorn Sorare hit by UK regulators over operating a ‘gambling’ platform

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 …

FTX Launches Marketplace for Solana NFTs But Ethereum Still Leads

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 …

This crypto investor lost an NFT worth $342,000 on a mere $12,600 loan

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 …

NFTs Expand as New Industries Break into The Metaverse

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 …