Buy a Non Fungible Token, get barrelled Thought the NFT craze died during the last crypto crash? Not so fast. A group of Brazilian surfers recently came together to create the âSurf Junkie Clubâ, an online club thatâs joined by purchasing an original piece of artwork (starting at $40) by...
Ordinals infrastructure is taking shape, with multiple marketplaces now servicing the budding Bitcoin digital collectible community. Gamma.io is the latest, having built its presence by supporting creation and auctions for NFTs issued on Stacks, the smart contract layer for Bitcoin. The...
Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news in the world of NFTs, culture, and the metaverse. [email protected] tips. Yuga Labs is continuing to build on the release of NFT-powered gameDookey Dashearlier this year. The NFT...
The companyâs net carrying value of digital assets was $327,000 as of December. (Mathew Imaging/WireImage) Where is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs. PLBY Group (PLBY), the parent company of the...
Cardano NFT projectClay Nationhas unveiled a new NFT collection, which it has tagged "Icons by Clay Nation." The edition is the first of its kind ever, and it features legendary musician Snoop Dogg. The "new claymation" is called "Snoop Dogg, Gin, and Juice." In April 2022, Clay Nation...
Users get zero trading fees on Ethereum and Polygon collections on Binance NFT, and 100% gas rebates on their first three Ethereum NFT purchases. Zero Fees, Gas Rebate The battle between decentralized NFT marketplaces Blur and OpenSea has grabbed news headlines; meanwhile, Binance NFT is...
Web3 was a major theme at SXSW 2023, yet previous hype around NFTs and building during a bear market may be contributing factors to Web3 adoption. Giant rabbits wearing trendy outfits situated alongside cartoon characters with rainbows flowing out of their mouths lined the streets of...
The NFT market saw an uptick in wash trading following a recovery in NFT marketplace trading volume, which hit $1.89 billion in February. The top sixnonfungible token (NFT)marketplaces saw a rise in wash trading for the fourth straight month, with a total volume of $580 million. According to...
A piece of art named âThe Mergeâ by artist Pak sold for $92 (ÂŁ75) million in 2021. While a sale of this magnitude isnât unheard of in the art world, The Merge set a different type of record. Why? Well, The Merge isnât a physical painting or a sculpture but a non-fungible token (NFT)....
Here learn if NFT games are profitable and how to make money from these play-to-earn models Users ofWeb3are now curious about how to generate money using NFTs due to the growth of NFTs. Participating inNFT gamesis one way. Among other things, the play-to-earn approach gives participants the...
The director of The Graph Foundation, and a speaker at this yearâs Consensus festival, on why NFT artists should get royalty payments and why online pseudonymity matters. (Ian Suarez/CoinDesk) Where is Web3 headed? Take a look to the future with this pioneering investor...
A new Sony Interactive Entertainmentpatent filingspotted bySegment Next indicates the company is working to implement a stronger framework for NFTs in its video games and consoles. While the popularity of NFTs has waned significantly over the last few years, sped along by thecollapse of the...
The NFT project doodles is looking to go beyond being an NFT project, with plans to become a "leading media franchise." Identity crisis: Cofounder of doodles says itâs not an NFT project One of the co-founders of nonfungible token (NFT) project doodles says it is going to pivot away...
Bitcoin Ordinal NFTs Minted Surpasses 500,000 Mark â Whatâs Next? Bitcoin Ordinal NFTs Minted Surpasses 500,000 Mark, Whatâs Next? Bitcoin ordinal NFTs are the trending asset on the bitcoin network, with more than 500,000 NFTs minted recently. These unique digital assets have taken over...
PLBY Group (PLBY), the parent company of Hugh Hefner's Playboy, said it took an impairment loss of $4.9 million on the Ethereum it held last year, as crypto winter saw a significant decline in the broader market prices. The lifestyle and media company said that it accepted Ethereum as...
Illustration by Nick Barclay / The Vergenone Meta is âwinding downâ its work with NFTs on Facebook and Instagram, Meta commerce and fintech lead Stephane Kasriel said in a Twitter thread on Monday. The decision means Meta will end its tests ofminting and selling NFTs on Instagramas well as...
Starbucks Odyssey, the chain's Web3 loyalty program, released its first collection of 2,000 limited-edition NFTs called "Stamps" on Thursday. While still in beta, the Odyssey program is invitation-only and prompts members to complete activities, quizzes, and in-store purchases in order to earn...
Image: Starbucksnone Itâs been more than a year since NFT sales peaked â and then collapsed â but thatâs not stopping enterprising multi-billion dollar corporations from trying to get in on the action. Starbucks launched its first paid collection of NFTs today, a group of2,000...
The companyâs collection of 300 generative art pieces garnered over 3,000 bids in 24 hours. Yuga Labsâ buzzy andcontroversialauction of its debutBitcoinNFT collection concluded Monday, with 288 successful bidders nabbing as many pieces in the limited series, spending a combined $16.49...
Crypto exchange Binance has been accused of âblatantlyâ copying the winner of the BNB Chain hackathon after launching Bicasso â an AI-basednonfungible token (NFT)creation tool. Binance allegedly ripped off a tool created by Chatcasso just two months after awarding them first prize in a...
Blur co-founder Pacman, who recently revealed himself to be 24-year-old Tieshun Roquerre, spoke to CoinDesk about the creator royalty dilemma, taking zero platform fees and building long-term value for traders. (Blur NFT marketplace logo, modified by CoinDesk) Hear from...
Image Credits:whitehoune / Getty Imagesunder a RF license. The NFT marketmay be finding its footing again as the market for non-fungible tokens on the Ethereum blockchain surpassed $1 billion for the first time since May 2022. Amid the recent rebound, NFT marketplace Blur has also bested the...
According to data from Nansen, nonfungible token (NFT) whale Jeffrey Hwang â known colloquially as Machi Big Brother â dumped 1,010 tokens for 11,680 Ether (ETH) or $18.6 million, in the space of 48 hours. In a Feb. 25 Twitter thread, Nansenâs simian psychometric enhancement technician,...
The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System. The United States Federal Reserve has denied a request from cryptocurrency bank Custodia Bank to reconsider its membership application to the...
The upstart NFT marketplace, flying high after overtaking OpenSea, is pushing an aggressive incentives program to draw users. Ascendant NFT marketplace Blur announced Tuesday that it will soon airdrop some $300 million worth of additional tokens to loyal users, days afterovertaking...