The extensive report published recently by crypto auditing firm Elliptic shows the methods used by cybercriminals to misappropriate and profit from the immense hype generated by NFTs, extolled for the benefit of wary consumers. Between phishing, scam projects, stolen and plagiarized NFTs, market manipulation, and rugpulls, the total value of financial crime connected to NFT...Read More
Two of the iconic American rappers – Eminem and Snoop Dogg – will perform their mutual single “From D 2 the LBC” live on the MTV-sponsored Video Music Awards (VMAs) this Sunday. Bored Ape Yacht Club (BAYC) holders will be allowed to watch this event live at the “Otherside” Metaverse. The song includes the artists’...Read More
Animoca Brands’ Japanese subsidiary, also known as – Animoca Brands KK – has raised $45 million. Its parent company, Animoca Brands Corporation Limited, and MUFG Bank, Ltd. (MUFG) led the investment. The blockchain gaming powerhouse is strengthening its presence in one of the leading economies in Asia – Japan. According to the official blog post,...Read More
The leading athletic apparel company – Nike – has surpassed many prominent names with its NFT sales this year. According to the latest stats, Dolce & Gabbana, Tiffany, Gucci, and Adidas are reaping millions from NFTs, but it’s Nike that tops the chart. Dune Analytics researcher Noah Levine’s data showed the above businesses leading the...Read More
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
Ripple’s latest Value Report estimated that 76% of financial institutions plan to use cryptocurrencies in their operations in the next 36 months. The majority of those entities, though, said they will delve into the industry, assuming there is an appropriate regulatory framework applied to it. The study also revealed that 20% of global consumers would...Read More
The two most successful soccer teams in Spain – FC Barcelona and Real Madrid – filed for a joint Metaverse trademark application. The clubs plan to provide their fans with products like virtual reality gaming and cryptocurrency transaction management software. The Spanish colossuses are not the only ones to make such a move in the...Read More
a16z crypto – the crypto-focused arm of VC firm Andreesen Horowitz – is leading a $50 million funding round for the VeeFriends Non-Fungible Token (NFT) Project. The funding will help VeeFriends expand its “creative, technical, and experiential operations” to support the growth of the Web 3 ecosystem. Understanding VeeFriends A16z general partner Chris Lyons explained...Read More
Yuga Labs – the American company that created the popular NFT collection Bored Ape Yacht Club (BAYC) – faces a possible class action lawsuit. A group of individual investors claimed that the firm inappropriately advertised its tokens and thus deceived people into buying them. Yuga Labs and its Unhappy Investors Yuga Labs seems to be...Read More
According to a research conducted by the blockchain firm Ripple, residents of Latin America are the most inclined toward the digital asset industry. 50% of the surveyed think the sector will cause a significant impact on the financial system, while 74% prefer to transact with businesses that accept cryptocurrencies. Europeans, on the other hand, are...Read More
American video game retailer GameStop has finally launched its long-awaited non-fungible token (NFT) marketplace. According to an official press release on Monday, the platform will enable gamers, creators, and avid NFT collectors to buy, sell, and trade digital collectibles. At the time of writing, over 230 NFT collections were listed on the platform. The release...Read More
OMNI – an NFT finance platform that lends out cryptocurrency in exchange for staked NFTs – fell victim to a re-entrancy exploit that led to the loss of nearly 1,300 ETH, worth $1.4 million at the time. It seems a reentrancy-related hack. @ParallelFi @OMNI_xyz The stolen funds were just mixed via @TornadoCash https://t.co/Nyunlkk3rr pic.twitter.com/XxxVyX80Fq —...Read More
Quixotic – an NFT marketplace that runs on Optimism – revealed that wrongdoers breached its security and drained ERC-20 tokens. The organization assured that users with stolen assets will be reimbursed. The Latest Attack In a recent tweet, Quixotic disclosed that criminals attacked its “Offer” feature and stole ERC-20 tokens. The team advised its customers...Read More
On June 24, Wylie Aronow, better known online as Gordon Goner, co-founder of Yuga Labs, the startup behind the Bored Ape Yacht Club ( BAYC ) collection, took to Twitter to address the “misinformation campaign” that claims he and his team are “super-secret Nazis.” Goner said that even though he paid attention in the past...Read More
Two of the greatest hip hop artists – Eminem and Snoop Dogg – produced a new video that, aside from marijuana, has multiple references to NFTs and BAYC, in particular. Both have experience in the field, owning several digital collectibles. Shady, Snoopy, Bored Apey Marshall Mathers III, as is Eminem’s real name, teased the new...Read More
China has had a rocky relationship with the world of blockchain and digital assets for the past couple of years. Originally a country conducive to mining, trading, and other activities, 2021 led to crackdowns on almost everything, mainly due to high energy consumption and a perceived gateway for operations frowned upon by the government. The...Read More
Global e-commerce giant eBay has acquired non-fungible token (NFT) marketplace KnownOrigin, as part of efforts to become a leader in digital collectibles. The news of the acquisition was announced in a press release on Wednesday (June 22, 2022). While details of the purchase remain scarce, the statement noted that both parties have signed and closed...Read More
The world’s largest cryptocurrency exchange, Binance, has signed an exclusive multi-year NFT partnership with soccer legend Cristiano Ronaldo, according to an official announcement from the company. Cristiano Ronaldo is one of the greatest players in soccer history, with five Ballon d’Ors and more than 800 career goals under his belt. The Portuguese forward is loved...Read More
NFTs were undoubtedly the hottest topic of late 2021 and the beginning of 2022. Pushed towards mainstream adoption by projects such as the Bored Ape Yacht Club, Azuki, Okay Bears, and others, NFTs were booming. As the overall market went into a considerable drawdown, with Bitcoin’s price losing close to 70% of its value in...Read More
In a Facebook post on June 21, Zuckerberg said there would also be updates to “help creators build for the metaverse.” He added that he wanted platforms such as Facebook to play a role in the growing creator economy. There were six new updates that Zuckerberg shared in his thread. The first one was more...Read More
The cryptocurrency payments start-up MoonPay joined forces with Fox Corporations, Universal Pictures, and Death Row Records to launch a non-fungible token platform. The feature, called HyperMint, will allow companies and individuals to mint millions of digital collectibles a day by employing blockchain technology. MoonPay Enters the NFT Universe In a recent interview for CNBC, Ivan...Read More
Leading Solana-based NFT marketplace Magic Eden has becomes a unicorn in less than a year since its launch last September. The latest fundraising round has pushed its valuation to $1.6 billion. The founders vowed to speed up its hiring spree despite the downsizing trend hitting crypto firms amid market slumps. A Multi-Chain Ambition Magic Eden...Read More
The Central Bank of the Republic of China (Taiwan’s central banking institution) reportedly warned that the non-fungible token (NFT) sector is full of fake transactions. As such, it advised investors to beware when dealing with such digital collectibles. Investing in NFTs Hides Risks According to a recent report by the Taiwan News, the nation’s central...Read More
The Swiss luxury watchmaker – Tag Heuer – said it will help its clients “stay in tune” with the rapidly changing world. As such, the company introduced a smartwatch feature that allows customers to show off their non-fungible token (NFT) collections. Diving Into the NFT Universe Last month, Tag Heuer teamed up with Bitpay to...Read More
Despite being known for its anti-crypto stance, China has not banned NFTs yet. Meanwhile, a noticeable interest in “digital collectibles” have recently surged in the country amid the government warning people not to trade any forms of digital assets. Digital Collectibles Rise in Popularity After the all-sweeping crypto ban in 2021, it’s no secret anymore...Read More
Arizona State University (ASU) – one of the biggest public universities in the States – intends to join the Metaverse and Web3 ecosystems. It also plans to release non-fungible tokens (NFTs) for authenticating event tickets and certificates. ASU to Conduct Classes in a ‘Virtual Environment’ A series of trademark filings with the United States Patent...Read More
Prices and sales of non-fungible tokens (NFTs) have continued to crash as bears completely take over the broader crypto market. Popular collections such as the revered Bored Ape Yacht Club (BAYC) were not spared either, and their floor prices have lost significant value in US dollars. For clarity, the floor price represents the lowest price...Read More
DApp discovery and analysis platform DappRadar released a detailed report analyzing the state of the crypto market in May. It mainly covered three areas: DeFi, NFT activities, and crypto games, stating that the Terra debacle did not destroy the overall DeFi ecosystems. NFT trading volume was only down 6% from April if measured in token...Read More
Global payment technology company Mastercard is now enabling the purchase of non-fungible tokens (NFTs) using fiat. For the new project, Mastercard has partnered with Immutable X, a layer-2 network for Ethereum. The company will also be working with NFT-based online game The Sandbox, fintech firm MoonPay, and the NFT platforms Nifty Gateway, Candy Digital, Spring,...Read More
The cloud computing division of e-commerce giant Alibaba Group has launched new services for NFT platforms based outside of mainland China. The features Alibaba Cloud will provide include web hosting, digital marketing, and content delivery, according to reports in the SCMP (owned by Alibaba) on June 9. According to an Alibaba spokeswoman, NFT and Metaverse...Read More
