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BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million

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Dapper Labs, the popular blockchain firm and the parent company behind Flow network, has successfully launched a new mobile application, allowing crypto fans and basketball [...]

Dapper Labs Launches NBA Top Shot NFT Mobile App – Airdrops Free NFTs To Early Adopters

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This year, the world has witnessed a surge in the popularity of artificial intelligence (AI) software, with a plethora of cutting-edge platforms such as Openai’s Chatgpt 3.5, Chatgpt 4.0, DALL-E, Stable Diffusion, and other innovative tools like Midjourney and Google’s Bard taking the internet by storm. Amidst this technological revolution, Crypto.com’s CEO Kris Marszalek recently […]

Crypto.com Unveils Amy: An AI-Powered Companion for Crypto Enthusiasts

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Reading Time: 2 minutes A U.S. court has ruled that Apple’s anti-steering rules are illegal The rules house a 30% tax on purchases made on iOS-based apps and prohibit the use of third-party in-app payment methods The ruling is a possible win for NFTs since collectors won’t be required to pay the 30% tax on purchases A U.S. court in California has ruled that Apple’s anti-steering rules are illegal, opening the door for the proliferation of NFTs in the iOS ecosystem. The rules dictate that Apple must take a 30% cut on all in-app purchases and developers aren’t allowed to provide app users with
The post Court Ruling Over Apple’s Anti-Steering Rules a Win for NFTs appeared first on FullyCrypto.

Court Ruling Over Apple’s Anti-Steering Rules a Win for NFTs

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Introducing AuraPool: The World’s first NFT Marketplace for Hashrate Collectibles

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Bankrupt crypto exchange FTX now has control of several blue-chip non-fungible tokens (NFTs), including Bored Ape, Azuki, Otherdeed, and Mutant Ape. Coinbase director Conor Grogan tweeted this on April 26, noting that Bored Apes NFTs and several others belonging to the bankrupt firm were transferred to its multi-signature wallet. Grogan added that Hape Prime NFTs […]
The post FTX takes control of NFTs worth over $4M appeared first on CryptoSlate.

FTX takes control of NFTs worth over $4M

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The non-fungible token market continues to attract major businesses, institutions, and investors despite the general crypto market facing regulatory uncertainty in recent weeks. Haribo is [...]

German Confectionery Giant Haribo Files Trademark Application To Launch Candy-Themed NFTs

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The non-fungible token market has experienced tremendous growth in recent years, attracting many investors and artists to the nascent sectors to create and trade unique [...]

Are NFTs Profitable Right Now? – Here’s How To Mitigate Losses And Maximize Gains

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From being an underrated and very concealed digital currency to now declaring its potential to the world, crypto has come a long way. Similar to crypto, NFTs came from nowhere and today stand ahead of crypto.5 Ways to protect your NFT AssestWhen normal life is disturbed, innovation is often triggered, which gives rise to unexpected ideas which later become revolutionary. As a result, the Non-fungible tokens continue to make headlines. The NFT platform is reaching almost every industry today, not just digital arts or music.Non-fungible tokens, or NFTs, have emerged as a potential investment trend that, with some luck, could bring in millions of dollars. NFTs, which are disseminated across thousands of nodes on the blockchain as a record of transactions and to verify ownership, are actually distinct tokens. The main breakthrough underlying Web3 is its decentralization technology, which distributes each data block throughout an entire network, making it secure and impenetrable.The system was formerly impenetrable, but as hackers have improved their skills, they may now breach it, costing victims priceless assets. In one infamous incident, phishing scammers stole Taiwanese music artist Jay Chou’s Bored Ape NFT, which was valued at over US$500,000.What are Non-Fungible Tokens (NFTs) ?NFTs also referred to as Non-fungible tokens, are described as the digital tokens present in the blockchain network. These are the digital assets that are further transformed into a kind through the unique digital signature. Back in the day, NFTs were termed as the only means to sell and buy digital art, whereas today, it had successfully traveled to all spaces of life. There are several platforms that support NFTs. As a result, the dependencies of the NFT marketplaces are readily increasing. One such popular NFT platform is OpenSea which also faced its fair share of ups and downs in recent years.One should be aware of many things before stepping into the sphere of buying and selling NFTs. As an NFT buyer, you will need a digital wallet for storing it. Every crypto lover must have guessed the second requirement. Yes, you would use cryptocurrency to buy NFTs. The NFT providers are slightly inclined towards Ethereum, which anyone could purchase easily from websites offering NFTs.When it comes to selling NFTs, there are two main options. The first and most straightforward way is to have your own NFTs. However, in another way, the person selling their NFTs can mint it through websites like OpenSea and so on. Once the minting of NFT is done, it can be listed on any sites for sale.Before getting into the NFT phishing attack on Opensea, let’s understand the significance of OpenSea.Significance of OpenSeaSimilar to eBay, Etsy, and Amazon, OpenSea is the first and the best non-fungible token marketplace which emerged as a game-changing marketplace. It was first introduced in 2017 by Alex Atallah and Devin Finzer in New York City. Shortly after entering the market space, it proved itself with its rising numbers. From its market capitalization to its trading volume, OpenSea offers it all. As per the recent survey conducted, OpenSea is the only platform to show a massive growth of almost 13 billion net worth.In August 2021, OpenSea alone recorded more than $3.5 billion in NFT trading volume. Whereas it posted $21 million during the year 2020. Looking at the numbers, it would be safe to say that there is a massive rise of 12,000% in trading activities.NFT collectors, investors, traders, and artists rated OpenSea as one of the best platforms; however, if you’re just starting off, it can be pretty confusing. Recently, in February 2022, news came where it was said that many NFTs were stolen from OpenSea. This led to the rumor that some other body hacks the NFT marketplace. However, the NFT market team completely dined to this and declared it a phishing attack. According to the OpenSea team’s analysis, about 32 users signed a malicious payload from the attacker, which resulted in their NFTs being stolen.The chairman and CEO of OpenSea stated that the incident was a phishing attack and he, along with his team, does not believes that it is anyhow connected to the OpenSea website. Presently, the team is continuously in sync with users whose data has been stolen to track the attacker.1. Store Your NFTs in a Secure WalletNon-custodial wallets are safe wallets where you control the private keys that safeguard your bitcoin and NFTs. A hardware non-custodial wallet is more secure than a custodial wallet, which is merely a marketplace or exchange where you store your NFTs.With non-custodial wallets like the Ledger, you have to keep in mind a seed phrase that can be up to 24 syllables long. In addition, there are other security precautions, such as requiring a PIN and a physical device to access your money.A non-custodial wallet can provide more security and shield you from phishing assaults, a common NFT theft method. Your bitcoin won’t be secure until you don’t share your seed phrase with anyone.2. Verification Tag — Avoid clicking suspicious and dodgy linksMake certain that you are researching the projects you are investing in. A blue checkmark will appear next to the official collection adjacent to verified projects on OpenSea. The transaction history of NFTs’ smart contracts will be published, making it easier to determine who created and owned an object initially. Verification can also take place using an NFT verification service, a search of the owner’s social media accounts, and NFT platforms. A digital certificate of authenticity is included with many NFTs.3. Buy-Sell on Trusted NFT MarketplaceThere are several NFT marketplaces available, but it’s crucial that you only trade on those that are well-established and have a good reputation in the community. Some of the greatest NFT marketplaces go above and beyond to confirm user identity and offer a secure platform for buying and selling NFTs.For instance, BuyUcoin has a well-known NFT marketplace where you can purchase and sell NFTs from a variety of well-known creators. Even better, it’s free to mint your own NFTs there. Additionally, BuyUcoin provides you with a history of the NFT’s ownership as security against cybercrime.4. Roadmap of the NFT projectThe roadmap is a project’s strategic plan. To demonstrate any NFT project’s long-term worth as an investment, it outlines and defines its objectives and aims. A thorough and well-considered roadmap should go a little further than that. You will learn about the project’s upcoming plans from it. And, how they intend to get there, including their marketing and growth objectives and plans.5. Safeguard Your PasswordPasswords should never be shared or used more than once. Each software wallet is given a seed phrase, which consists of a string of words, upon setup in order to regain access. Ironically, writing down your password on paper and going back to the analogue method is the greatest way to protect your bitcoin password — as long as you don’t lose it. Instead of using simply a username and password, it’s a good idea to use two-factor authentication (2FA) as an additional layer of security.Is it Safe to Buy NFTs?Unlike cryptocurrency, the NFTs value is completely based on the fact of how much the buyer agrees to pay for it. Keeping that aside, one should run in-depth research before considering NFTs to avoid deviations. Experts like Jack Dorsey, the CEO and co-founder of Twitter, along with Vignesh Sundaresan, a medic van, successfully earned around 70 million dollars worth of digital art NFTs on Beeple. If you’re someone who has a love for digital art, buying and selling NFTs can be your gem.ConclusionBelieve it or not, the recent rise in the usage of decentralized banking and cryptocurrency is most likely to directly revolutionize the overall financial structure in the next decade and even the upcoming decades. In this horde of NFTs, OpenSea has emerged as one of the most promising platforms. However, taking the necessary steps to be extra safe gives you an upper hand.BuyUcoin is the most secure and safe crypto exchange platform where our experts provide a series of products and services for selling, trading, and buying cryptocurrency easily in India. If you’re looking to start NFTs or crypto trading, get started with BuyUcoin now.Looking for more such exciting blogs? Visit us today!Is Your NFT Safe? 5 Ways to Protect Your NFTs From Theft was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.

Is Your NFT Safe? 5 Ways to Protect Your NFTs From Theft

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The metaverse is the next-generation digital world that uses augmented (AR) and virtual reality (VR) technologies allowing users to seamlessly interact using avatars, their digital twins. Mattew Ball has famously described the metaverse as a

Top 10 Metaverse NFT Projects for 2023

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The founder and CEO of an Africa-focused payments firm, Elizabeth Rossiello, claimed on Nov. 11 that the beleaguered crypto exchange FTX had incorrectly included AZ Finance in its chapter 11 bankruptcy protection filing. The CEO insisted that her firm does not hold customer funds and is presently taking steps to correct the “erroneous court filings.” […]

FTX Collapse: Africa-Focused Payments Firm AZA Finance Slams ‘Erroneous Inclusion’ in FTX Bankruptcy Filing

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Digital asset manager Bakkt Holdings, Inc., announced on Thursday that the company has acquired the firm Apex Crypto from Apex Fintech Solutions. Bakkt detailed that the acquisition of the turnkey crypto platform aims to “bolster Bakkt’s cryptocurrency product offering and expand its footprint into additional client verticals.” Bakkt to Expand Client Verticals With Different Offerings […]

Bakkt Acquires Turnkey Platform Apex Crypto to Bolster Digital Asset Footprint

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The European Union (EU) is working on a project that involves blockchain architecture and the use of non-fungible tokens (NFTs) to fight counterfeiting and forgery. The project is the product of several meetings and blockchain hackathons organized by the European Union Intellectual Property Office and proposes to create digital twins of products to trace their […]

European Union Presents Project to Fight Counterfeiting by Using NFTs for 2023

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LG, the South Korean electronics giant, is currently developing a cryptocurrency wallet app that will be launched later this year. The wallet, called Wallypto, will be part of a new business phase for the company, which recently abandoned its mobile hardware business and pivoted to software solutions. Wallypto will support only Hedera Hashgraph assets at […]

LG to Launch Crypto Wallet Wallypto Later This Year

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Ethereum is currently receiving a lot of attention as The Merge update is getting closer. The upcoming update will focus on enhancing all of the cryptocurrency’s protocols in order to make the system more efficient and safe. The upgrade has pushed major entities in the ecosystem to take the position. Many exchanges are forced to [...]
The post OpenSea & Other Protocols Will Not Support Any Ethereum Forks, Post-Merge appeared first on Blockonomi.

OpenSea & Other Protocols Will Not Support Any Ethereum Forks, Post-Merge

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Yuga Labs, the creators of the popular Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC) non-fungible token (NFT) collections, has released another video clip showcasing the Otherside metaverse. The second Otherside trailer features characters called “Kodas” and the development team says “the story continues later this Q4.” […]

Creators of the Otherside Metaverse Drop New Teaser Video Featuring Creatures Called Kodas

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Anti-government hackers have attempted to sell what they say is an NFT of Belarus President Alexander Lukashenko’s passport. The members of the ‘Belarusian Cyber Partisans’ collective claim to have obtained the passport data of all of the country’s citizens. Cyber Guerrillas From Belarus Try to List NFT Passport Collection on Opensea A hacking group known […]

Hackers Offer to Sell Belarus President Lukashenko’s Passport as NFT

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American actor and comedian Bill Murray saw 119.2 ethereum drained from his wallet on September 1, 2022, after Murray held a non-fungible token (NFT) charity auction. Statistics show that most of the tokens and NFTs in Murray’s wallet have been moved, and roughly $556 in token value remains. Bill Murray Loses 119 Ethereum to Hackers […]

Comedian Bill Murray’s Wallet Hacked for $186K Worth of Ethereum After NFT Charity Auction

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What is CC0, and why will it change the NFT market?

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The international soccer governing body, FIFA, has announced the upcoming launch of an NFT platform for fans of the sport across the globe. FIFA+ Collect will offer digital collectibles perpetuating the greatest game moments of FIFA’s world cups, the organization promised. FIFA Develops NFT Platform in Partnership With Blockchain Firm Algorand The International Federation of […]

FIFA to Launch NFT Platform for Soccer Fans

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Non-fungible token (NFT) sales jumped 26.76% higher this week, as NFT sales statistics show that $180.43 million in NFT trades were recorded this week compared to last week’s $142.33 million. While Ethereum-based NFTs captured the lion’s share of volume this week with $79.2 million, Ethereum-based NFT sales are down 23.65% during the past seven days. […]

This Week’s NFT Sales Jump 26% Higher Than the Week Prior, Bored Ape #6,588 Sells for $1.17M

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Cardano unveils its NFT marketplace

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FIFA and Algorand collaborate on NFT project

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Google Files “Non-Fungible Planet” Trademark Application

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Madonna Enters Metaverse With a New Bored Ape NFT Bought for $560K

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LG’s New Business Plans Include Blockchain and Crypto

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The multinational music corporation  Universal Music Group (UMG) announced the company has partnered with the non-fungible token (NFT) platform Curio on Thursday. UMG says Curio will be a “dedicated global outlet for future officially licensed NFT projects” for the company’s labels and recording artists worldwide. Curio Platform Will Be Universal Music Group’s Dedicated Global Outlet […]

Universal Music Group Partners With Curio — Entertainment Giant Plans to Use NFT Platform for Labels, Recording Artists

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Copyright infringement, wash trading and other minor to major issues have put NFTs in a gray-zone. Continuous legal problems may potentially cause a number of unfavorable effects on the growth of NFTs as well as their future. Previously, the US-based NFT marketplace Cent officially suspended all transactions of blockchain-backed digital arts on its platform in [...]
The post The Wild West: NFT Copyright Infringement is Getting Worse appeared first on Blockonomi.

The Wild West: NFT Copyright Infringement is Getting Worse

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NFTs are still the topic of conversation at the start of 2022. The new technology is growing more popular than ever, and a large number of investors are flocking to the space. The ambition to be early adopters and earn significant rewards drives major businesses to spend millions of dollars without hesitation to achieve their [...]
The post Paypal Adjusts Seller Protection Policy: Limits NFT Transactions Over $10,000 appeared first on Blockonomi.

Paypal Adjusts Seller Protection Policy: Limits NFT Transactions Over $10,000

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Despite the fact that they became mainstream over a year ago, non-fungible tokens are still all the rage right now. But, if you can’t splurge [...]

5 Popular NFT Cryptocurrency to Invest in Now February 2022

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On Friday, the National Association for Stock Car Auto Racing (NASCAR) announced the firm launched digital collectibles for this year’s Daytona 500. NASCAR’s series of limited-edition Daytona 500 NFT drops is part of a partnership with the Wax blockchain team. NASCAR Reveals 2022 Daytona 500 NFT Collection NASCAR plans to issue Daytona 500 non-fungible token […]

NASCAR Launches Daytona 500 Digital Collectibles via the Wax Blockchain Platform

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Continue reading We take a Deep Dive into Crypto.com-NFT and Credit Card Programs at E-Crypto News.

We take a Deep Dive into Crypto.com-NFT and Credit Card Programs

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Living on the fringe is a part of the core ethos of PLAYSK8.
The post Bored Apes, CryptoPunks, PLAYSK8 – How Subcultures Drive the Explosive NFT Market appeared first on CryptoSlate.

Bored Apes, CryptoPunks, PLAYSK8 – How Subcultures Drive the Explosive NFT Market

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Despite many efforts from the blockchain to optimize the price, the gas fees on Ethereum has been a real pain in the butt for a long time. The NFT trend was one of numerous causes that increased the gas fee in 2021. In August 2021, NFTs saw a recovery, increasing transaction fees to the highest [...]
The post Gas Fees On Ethereum Are Dropping. Why? Ask NFTs appeared first on Blockonomi.

Gas Fees On Ethereum Are Dropping. Why? Ask NFTs

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After blistering January, NFT sales decline by 30%

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What is the State of Art NFTs? Growing, evolving, and creating positive impact for the future

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$1.7 Million in ETH Stolen from OpenSea Users: The NFT Marketplace Investigates

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OpenSea suffers “phishing” attack, users lose NFTs worth millions

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Leading Non-fungible token (NFT) marketplace OpenSea has confirmed that the platform recently suffered a phishing attack. According to the report, the attack has so far [...]

OpenSea Admits Phishing Attack On Its Platform, 32 Users Affected

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While blockchain virtual worlds have seen significant demand during the last few months, an “interoperable pixel metaverse” project called Webbland has seen weekly NFT sales spike by 126.24%. The project recorded over $3.6 million in sales over the last seven days, and two Webbland penthouses made it into the top 15 most expensive NFT sales […]

Webbland Metaverse Sales Jump 126% as 2 Penthouses Sell for Six-Figures

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Opensea co-founder and CEO, Devin Finzer, has denied rumors that the non-fungible token (NFT) marketplace’s codebase was breached and that attackers had stolen $200 million. According to Finzer, an investigation had shown that the attacker had $1.7 million worth of ethereum in his wallet by leveraging a phishing scheme. Attacker Reportedly Returns Some Stolen NFTs […]

Opensea CEO Dismisses $200 Million Hack Rumor, Claims Incident Was a Phishing Attack

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This week, Axie Infinity, the blockchain-based online video game crafted by the Vietnamese software studio Sky Mavis, surpassed $4 billion in all-time non-fungible token (NFT) sales. Currently, the play-to-earn (P2E) game launched in 2018 is the third-largest NFT platform in terms of all-time sales. The Sky Mavis Crafted Blockchain Game Axie Infinity Records More Than […]

Play-to-Earn Blockchain Game Axie Infinity Surpasses $4 Billion in All-Time NFT Sales

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Non-fungible tokens (NFTs) are a new medium of artistic expression that gives artists the freedom and the ability to reach a diverse audience, Saudi Princess Reem Al Faisal has said. Decentralized Art According to the Saudi Arabian princess, Reem Al Faisal, NFTs are a natural evolution of art that gives artists the freedom to reach […]

Saudi Arabia Princess on NFTs: ‘They Are the Next Medium of Artistic Expression’

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BuyTheBroncos DAO aims to make the biggest NFL team purchase ever

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Russia’s largest social media network, Vkontakte, has announced it’s going to introduce support for blockchain and NFTs. The crypto technologies will be incorporated into the platform’s scheme for monetization of user content and copyright protection. Vkontakte to Facilitate Use of Non-Fungible Tokens The leading Russian social media platform, Vkontakte, intends to utilize blockchain technology and […]

Russian Social Media Network Vkontakte to Introduce NFT Support

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Continue reading The Gray Areas of Crypto Tax Issues and More…Ben Borodach of April Explains at E-Crypto News.

The Gray Areas of Crypto Tax Issues and More…Ben Borodach of April Explains

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With the memory of The Sandbox Alpha release still fresh and the funky music from the Snoop Dogg concert still lingering in their minds, fans must be thrilled to know that Season II is already on the way! Prior to the new season, The Sandbox is going to launch a grand collection of unique Snoop […]

Snoop Dogg Drops 10,000 Playable Sandbox Avatar NFTs – Mint a Unique Doggie and Explore the Metaverse in Style

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A decentralized autonomous organization (DAO) wants to purchase the National Football League (NFL) team the Denver Broncos. The DAO called “Buy the Broncos DAO” (BBD) wants to obtain the NFL team as a community and “put ownership in the hands of the fans.” A Newly Formed DAO Wants to Buy the Denver Broncos Franchise A […]

A DAO Is Attempting to Raise $4 Billion to Purchase the Denver Broncos

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Best Play to Earn Crypto Games That Will Make You Rich

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Victoria’s Secret, the renowned designer lingerie company, has filed a series of trademark patents that suggest the organization is ready to offer its products in the metaverse. The announcement was made by Mike Kondoudis, a trademark attorney, who stated these actions might be the first step for the company to present their products using blockchain […]

Victoria’s Secret Files Metaverse Related Trademark Applications

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IOC unveils NFT game for Winter Olympics 2022

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YouTube announces plans to enter Metaverse!

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Youtube, the online video sharing and social media platform owned by Google, is hiring a director to work with Web3 technology, according to a job listing published on Linkedin. While Youtube requires 15 years of product management experience, the company prefers a candidate that is familiar with “buying, owning, and trading cryptocurrencies, NFTs, and tokens.” […]

Youtube Seeks Web3 Director With Experience Trading Crypto, According to Recent Job Listing

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The New York Stock Exchange (NYSE) has registered a trademark application to offer digital currency and NFT trading services in the metaverse. The application, filed on February 10th, constitutes the first foray of the company into the concept of the metaverse. The organization might be competing with other exchanges and established NFT marketplaces in the […]

New York Stock Exchange Files Trademark for Offering Trading Services in the Metaverse

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According to current metrics, non-fungible token (NFT) sales have dropped 29.35% since last week. While Ethereum and Solana are the two blockchains with the most NFT sales volume, both blockchain networks have seen NFT sales nosedive anywhere between 27% to 32% over the last seven days. Weekly Non-Fungible Token Sales Plummet Despite Recent $23 Million […]

NFT Sales Nosedive This Week as Volume Drops Close to 30%

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According to a California-based real estate technology company called Propy, a four-bedroom home in Gulfport, Florida, will be tokenized leveraging non-fungible token (NFT) technology and sold for $650K. In addition to the Gulfport home, another blockchain project has launched aiming to purchase The One Bel Air 105,000-square-foot megamansion by creating a decentralized autonomous organization (DAO). […]

Florida Home to Be Sold as an NFT, Decentralized Organization Seeks Bel Air Megamansion

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The crypto economy has jumped back above the $2 trillion mark after falling below that value in mid-January. Statistics indicate that the USD value of all 12,440 coins across 544 crypto exchanges is worth $2.08 trillion, up 5.2% during the last 24 hours. Crypto Economy Moves Northbound Past the $2 Trillion Mark Digital currency values […]

Crypto Economy Recaptures $2 Trillion, Bitcoin Moves Back Into the World’s Top 10 Most Valuable Assets

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Data indicates the non-fungible token (NFT) marketplace Opensea has crossed $20 billion in all-time sales. The leading NFT marketplace has seen more than 1.2 million traders leverage the platform since the market’s inception in 2017. 1.2 Million Opensea Traders and $20 Billion in Sales Volume Metrics show that the NFT marketplace Opensea has surpassed $20 […]

Opensea’s All-Time NFT Sales Volume Crosses $20 Billion

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Continue reading NFT Terminal Launches a Real-Time Data Analytics Platform for NFTs at E-Crypto News.

NFT Terminal Launches a Real-Time Data Analytics Platform for NFTs

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The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform called the Lens Protocol. According to the team, Lens is a “Web3, smart contracts-based social graph” that is built using the Polygon blockchain. Defi Project Aave Drops the Lens Protocol, Platform’s Intent Is to ‘Empower Creators to Own […]

Aave Launches Web3, Smart Contracts-Based Social Media Platform Built on Polygon

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Despite the increased community interest, the resurgence of CryptoPunks V1 appears to be a problem for some – especially at OpenSea. OpenSea, the world’s top NFT marketplace, said earlier this week that CryptoPunks V1 would be removed from the platform. This drastic action came shortly after Larva Labs’ announcement to remove the collectibles, implying that [...]
The post OpenSea Removes CryptoPunks V1, Collectors Furious appeared first on Blockonomi.

OpenSea Removes CryptoPunks V1, Collectors Furious

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Sotheby’s to auction 104 CryptoPunks NFTs for an estimated $20-$30 million

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Following the Summer Olympics in 2008, China will host the 24th Winter Olympics. The event led to the inspiration for the launch of Alibaba and Bithumb’s NFT collectibles. Alibaba, a Chinese multinational tech giant, announced the launch of four non-fungible tokens (NFTs) inspired by the sports featured in the 2022 Beijing Winter Olympics. This is [...]
The post NFT Drops Amid Beijing Winter Olympics Event appeared first on Blockonomi.

NFT Drops Amid Beijing Winter Olympics Event

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On Tuesday, the British-founded American multinational luxury auction company Sotheby’s, headquartered in New York City, announced the auction house is planning to auction a lot of 104 non-fungible token (NFT) Cryptopunks. The lot of 104 NFTs is predicted to fetch around $20 million to $30 million in USD value, according to Sotheby’s. Sotheby’s ‘Punk It!’ […]

Luxury Auction House Sotheby’s Plans to Auction 104 Cryptopunks Worth an Estimated $20M

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Binance and the South Korean entertainment corporation, YG Entertainment, have signed an agreement that enables the two firms to collaborate on blockchain projects that include non-fungible tokens (NFTs). They also plan to develop games that are compatible with the Binance Smart Chain (BSC). NFTs, Games, and Metaverse Collaborations Cryptocurrency exchange Binance and YG Entertainment Inc., […]

Binance Partners With Korean Entertainment Corporation — NFT and Metaverse Collaborations Envisioned

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Vampire attack! LooksRare vs. OpenSea

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Cloud computing giant Salesforce is working on an NFT platform

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Melania Trump sold her NFT to herself for $170,000

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Larva Labs forces OpenSea to delist CryptoPunks V1 NFTs

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The American firm that produces Bazooka chewing gum, candy, and collectibles, Topps has announced the company is planning to auction one of the rarest baseball cards on earth in NFT form — Topps 1952 Mickey Mantle card. The Topps 1 of 1 “Timeless Collectible” will be issued as a non-fungible token (NFT) and sold on […]

Topps Plans to Auction Rare 1952 Mickey Mantle NFT Card Minted on Ethereum

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Following a slew of well known brands filing trademarks for metaverse related products and virtual goods, the American fast food firm founded in 1940, McDonald’s, has filed for ten trademark applications that describe plans to offer virtual restaurants and other digital-based products. 10 McDonald’s Trademark Filings Discovered Mention Digital-Based Products Like Food and Beverages, Operable […]

McDonald’s Trademark Filings Hint at Fast Food Giant’s Intent to Produce Metaverse Restaurants

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UniX Gaming is a community-centric platform that aims to become home to gamers within the metaverse and provide scholarships to help people in developing countries get involved in the booming play to earn arena. The concept of generating revenue through virtual games has remained the hottest keyword this year, thanks to the increased interest in [...]
The post UniX Gaming: Meet The Future Of Play-To-Earn in the Metaverse appeared first on Blockonomi.

UniX Gaming: Meet The Future Of Play-To-Earn in the Metaverse

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The latest NFT of former US First Lady Melania Trump was recently sold at 180,000 SOL ($170,000 at the time of purchase). The NFT is a wide-brimmed white hat she wore during the French President Macron’s state visit to Washington. While Melania seems to build her own business empire, the crypto community quickly caught something [...]
The post Melania Trump NFT Sale Was A Wash Trade? appeared first on Blockonomi.

Melania Trump NFT Sale Was A Wash Trade?

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Krafton, the parent company of Bluehole, developers of PUBG, a popular battle royale game that has earned more than $300 million in 2021, announced it will redirect some of its activities toward developing NFT and metaverse-related projects. The company says it has acquired equity in two companies, Seoul Auction Blue and Xbyblue, that will enable […]

PUBG Developer Parent Company Krafton to Work On NFT and Metaverse Related Projects

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The United Nations (UN) will mark this year’s Women’s Day by holding its first-ever female-focused NFT exhibition.
The post The UN will celebrate this year’s Women’s Day with Boss Beauties NFT collection appeared first on CryptoSlate.

The UN will celebrate this year’s Women’s Day with Boss Beauties NFT collection

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Continue reading Leap Group Releases Cincinnati Bengals – Inspired NFTs at E-Crypto News.

Leap Group Releases Cincinnati Bengals – Inspired NFTs

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The U.K.’s. HM Revenue & Customs (HMRC) has made its first non-fungible token (NFT) seizure. British authorities also seized some crypto and arrested three people in a fraud case involving 250 allegedly fake companies. “Our first seizure of a non-fungible token serves as a warning to anyone who thinks they can use crypto assets to […]

UK Seizes First NFTs in $2 Million Fraud Crackdown — Arrests 3 People

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DappRadar Registers Record Sales in January 2022

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Kanye West Not Interested in Celebrity NFT Drops, “Ask Me Later,” He Says.

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Why John Legend’s New NFT Platform is in the news?

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On February 14, Cere Network and Polygon launched a non-fungible token (NFT) marketplace and Web3 platform called Davinci, a project that aims to bolster the security behind NFT data. The platform is described as an “all-in-one Web3 media platform” that leverages Cere’s decentralized data cloud (DDC) platform and the proof-of-stake blockchain network Polygon. Cere Network […]

Cere Network and Polygon Launch ‘NFT Content Monetization’ Platform Davinci

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Everything you need to know about the Walking Dead NFTs

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Nike suing Stock X over Sneaker NFTs

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Coachella is now selling lifetime guest passes in the form of NFTs

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Since 2009 and the creation of Bitcoin, cryptocurrencies have continued to grow in popularity globally. The global adoption of these digital assets has continued to rise as its value plummets. Crypto enthusiasts and users can now use cryptocurrencies like Bitcoin to pay for goods and services. However, that growth and popularity have remained progressive and have birthed many more cryptocurrencies. This is not strange, as non-Blockchain entities have grown interested in Blockchain and cryptocurrencies. One of such digital assets is Non-fungible tokens (NFTs). The NFT market is relatively small, but the popularity of NFTs has been on an upward trajectory recently. In this article, we will try to know if traders can earn profits from NFTs during a bear market.
What Are NFTs?
NFTs are unique and distinguishable cryptographic assets found on a Blockchain. An NFT can also be described as a non-interchangeable data unit and digital ledger usually found on a Blockchain. While cryptocurrencies are assets that can be used as a medium of exchange, NFTS are non-identical and uniquely different. NFTs cannot be traded or exchanged like cryptocurrencies. NFTs are very distinct, and the creation of each NFT represents physical assets like art pieces and real estate. The presence of NFTs on the Blockchain means that they do not require intermediaries in their transactions.
NFT creators and traders are afforded a smooth transaction process via Blockchain without third-party interference. NFTs are already making transactions seamless between users despite being a new market. NFTs data units are usually digital files, including videos, audio, and pictures. It is also worthy to note that, like regular cryptocurrencies, NFTs contain ownership details. Possession of ownership details makes it easy to identify and transfer ownership from one user to another quickly.
How Does NFT Work?
NFTs are digital assets like cryptocurrencies, but they differ slightly in characteristics. Like fiat money like USD, cryptocurrencies are fungible and can be traded or exchanged. This means that the value of one Bitcoin is the same everywhere, just as the value of a USD everywhere. However, for NFTs, that is not the case. NFTs are unique and unparallel, making it difficult to equate one value to another. Each token contains a unique and non-transferable property that cannot be shared or possessed by another. This is why the price, value, characteristics, and properties of one NFT can never be equal to another.
Surprisingly, despite being unique, NFTs are extensible. This means that one can combine two different NFTs to produce a third unique NFT. NFTs are primarily found in the ERC-721 format. The ERC-721 format is unique and was developed by the engineers of the ERC-20 smart contract. One of the most famous examples of NFTs is the cryptokitties, which was launched in November 2017. Cryptokitties were a digital representation of cats found on Ethereum Blockchain and valued in Ether. The project amassed more than $20 million in 3 weeks, as investors took a keen interest in the NFT project.
Why You Should Buy NFTs In Bear Market
NFTs are a unique form of cryptocurrencies and are also volatile assets. Volatility in this instance means that their prices are not the same at every given time. However, like cryptocurrencies in a bear market, crypto analysts advise that NFT should be purchased in a bear market. There is no doubt that bear markets are usually associated with fear of the future or the unknown. Cryptocurrencies like Bitcoin and Ethereum have entered the bear markets in the past years, which also follows bull run.
However, with NFTs, their value is known to plummet in a short period or in the nearest future. Fortunately, many NFTs have proven to exceed expectations after the bear market, with investors making huge returns on their assets. Alternatively, the value of NFTs has also continued to be on the rise as the burgeoning market continues to grow. This trend implies that the best time for investors to get into NFTs is to invest in a bear market. The low risk and prices associated with a bear market implies that, should the asset collapse, losses will be low.
Top Three Marketplace To Buy NFT
NFTs continue to attract potential and existing crypto investors as the unique token market continues to boom. However, listed below are three of the best places where NFTs can be purchased:
Opensea
Founded by Devin Finzer and Alex Atallah, Opensea is a top place for NFT users to conduct their business. The Ethereum-based digital marketplace offers buyers an unfathomable collection list, providing creators with huge revenues. Currently boasting over 80 million NFTs and accepting more than 150 different tokens, Opensea is a global NFT giant. The digital marketplace boasts high trading volumes compared to others, and provides consumers with access to create and trade freely. Since it is built on the Ethereum chain, its number one currency is Ether.
FTX
Founded by investor-billionaire Sam Bankman-Fried, FTX remains one of the world's leading crypto exchanges. However, the Cross-Platform digital NFT marketplace of the Blockchain empire is currently making waves in the space. The marketplace allows users to create and mint their own NFTS, which can be sold or traded. The NFT marketplace is unique as users from Ethereum and Solana Blockchain can successfully trade their NFTs. Creators are the biggest beneficiaries of FTX, as their NFTs can reach a wider audience.
Rarible
Also built on Ethereum Blockchain, Rarible remains one of the leading pioneers of the NFT space. Its marketplace was one of the first globally and offers users easy minting and trading opportunities. The digital marketplace boasts a user-friendly interface and is known to incorporate even novices into the world of NFTs. Crypto analysts usually advise NFT newbies to trade on Raribles, as their bespoke service makes it easy to understand NFTs. Unfortunately, one of the limitations of Rarible is that it can only complete transactions with the rarible token (RARI).
Conclusion
NFTs are unique crypto tokens and assets with no equal value and are found on the Blockchain. The uniqueness and unparallel nature of the digital assets make it impossible to equate one value to another. They are better purchased in a bear market, as their value is known to rise in the future. Opensea, FTX, and Rariblles are the best digital marketplaces to trade NFTs.
© Cryptoticker
The post Can NFTs Give You Profits In A Bear Market? appeared first on CryptoTicker.

Can NFTs Give You Profits In A Bear Market?

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Content Subscription Service Onlyfans Adds Ethereum-Based NFT Profile Feature

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The Cryptopunks non-fungible token (NFT) collection has seen a new record as the NFT Cryptopunk #5822 sold on Saturday for 8,000 ether or more than $23 million. The new owner of the NFT, Deepak Thapliyal, the CEO of a blockchain firm called Chain explained that he used leverage via Compound Finance in order to acquire […]

Bandana Wearing Cryptopunk NFT Smashes Records Selling for $23 Million in Ethereum

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A CryptoPunks NFT has been sold at a world record value that supersedes the ETH or USD figures splashed on any other CryptoPunks before — $24 million in Ethereum.
The post This CryptoPunks NFT was sold for 8,000 ETH ($23 million) appeared first on CryptoSlate.

This CryptoPunks NFT was sold for 8,000 ETH ($23 million)

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Cent, one of the first marketplaces to allow people to sell tweets as NFTs, has suspended almost all of its activity due to plagiarism-related problems. According to its CEO and co-founder Cameron Hejazi, people keep selling NFTs of other NFTs or using content that is not owned by them originally to mint these tokens. The […]

Cent NFT Marketplace Suspends Activity Due to Plagiarism Issues

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All you should know about the newly launched Bybit NFT Marketplace

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PRESS RELEASE. Zug, Switzerland — Ambrosus Core, the technical foundation of Ambrosus Ecosystem, has announced the launch of a substantial developer funding program — $10 million for developers deploying decentralized finance (DeFi) applications and other decentralized solutions on the Ambrosus blockchain. Ambrosus is a fully operational Layer 1 EVM-compatible blockchain protocol providing scalability, zero-knowledge proof […]

Ambrosus Core Launches a $10 Million Developer Grant to Scale Its Open-Source Blockchain Ecosystem

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The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe the inclusion of NFTs in this reform brings validation to the asset class, but also that the application of this regulation presents […]

Puerto Rican Treasury Department Aims to Tax NFT Sales

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Many would agree that NFTs have become tremendously popular, to the point that these non-fungible tokens are actively becoming more mainstream with each passing day. Similarly, the metaverse has also become extremely popular and so 2022 could be the year where both it and NFTs reach even grander heights of relevance. As such, there is [...]
The post Katana Inu: NFT Marketplace & Sales Event To Be Launched appeared first on Blockonomi.

Katana Inu: NFT Marketplace & Sales Event To Be Launched

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Artists, projects and gaming studios, will find a reliable and cleaner platform on the Smartlink NFT Launchpad. The first launchpad running on Tezos. Looking for exclusive, curated and rare NFTs? Now you can make it happen on Tezos. Since non-fungible tokens stormed in, generating unthinkable benefits, and yielding exponential growth to common users in 2021, [...]
The post Smartlink Launches First Tezos NFT Launchpad appeared first on Blockonomi.

Smartlink Launches First Tezos NFT Launchpad

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On February 8, the subsidiary of Animoca Brands and the decentralized gaming virtual world project, The Sandbox, announced the company has partnered with the French video game company Ubisoft. According to the announcement, Ubisoft will have its own land in the virtual metaverse, and the world will begin by featuring voxelized versions of Rabbids’ characters. […]

The Rabbids Invade the Metaverse as The Sandbox Partners With Gaming Giant Ubisoft

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Shiba Inu Partners with Welly’s Fast Food Chain

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The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and more than $80 billion by 2025. NFTs May Present Illicit Finance Risks The U.S. Department of the Treasury announced Friday the release of a “study […]

US Treasury Warns NFTs May Present New Illicit Finance Risks

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Nike has filed a lawsuit against an online reseller using unauthorized Nike shoe images in non-fungible tokens (NFTs). “Those unsanctioned products are likely to confuse consumers, create a false association between those products and Nike, and dilute Nike’s famous trademarks,” Nike alleges. Nike Sues Online Retailer Over NFT Sales Sneaker giant Nike filed a lawsuit […]

Sneaker Giant Nike Sues Online Retailer for Selling Unauthorized Nike Shoe NFTs

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Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash trading activity involving NFTs. In these operations, some actors effectively sell their assets to themselves, with the intention of increasing the floor price of the NFTs to sell them at a higher price later. However, this […]

Report: Chainalysis Detects ‘Significant’ Wash Trading Using NFTs

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Tezos blockchain has reportedly agreed to a training kit sponsorship with Manchester United in a deal that will see the latter receive over $27 million per year. This deal adds to Tezos’ growing list of sports teams it has sponsored since May 2021. Tezos’ Investment in Sports The most successful football club in the English […]

England’s Manchester United Set to Unveil Tezos Blockchain Shirt Sponsorship, Report

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For the time being, OpenSea is the most active NFT marketplace in terms of trading volume. However, with each new year comes a new opportunity, and who knows, this year may offer us a new platform for NFT trading. Among OpenSea’s long-standing competitors, there is one fresh face that is challenging the company’s dominance: LooksRare. [...]
The post Will LooksRare Outperform OpenSea This Year? appeared first on Blockonomi.

Will LooksRare Outperform OpenSea This Year?

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How this woman made over $100,000 selling NFTs

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Coachella and FTX to Sell Lifetime Festival Passes as Solana-based NFTs

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Two reports claim that the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC) are in talks of raising funds from investors such as the venture capital firm Andreessen Horowitz. The alleged funding round is expected to be around $200 million, but sources further say “the deal is not yet closed.” […]

Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club

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Following a two-year hiatus, the American magazine that’s dedicated to music, politics, and popular culture, Rolling Stone, announced the return of Rolling Stone Live. According to the publication, the Rolling Stone Live event marks the company’s first collaboration with Coinbase and the two firms will be dropping exclusive non-fungible tokens (NFTs). Rolling Stone Live 2022 […]

Rolling Stone Partners With Coinbase, First Collaboration Is a Limited Edition NFT Collection

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Reem Al Faisal, the photography-loving Saudi Arabian princess, recently announced the launch of her first Saudi non-fungible token (NFT) collection on Opensea and an art gallery in the metaverse. Photography Career Saudi princess Reem Al Faisal has launched her first NFT collection, called “Mekkah and Madinah,” on the Opensea marketplace, as well as an art […]

Saudi Princess Reem Al Faisal Launches ‘First’ Saudi NFT Collection

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The Web3 analytics platform Dune Analytics has announced it has closed a $69.4 million Series B fundraise led by Coatue. The firm’s latest fundraise follows the company’s Series A last August when Dune Analytics raised $8 million. With the Series A and B combined, the firm has been propelled to unicorn status with a post-money […]

Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise

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Grammy Award Winner John Legend to launch an NFT platform

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Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is partnering with the layer two (L2) Ethereum scaling project, Immutable X. The two teams have also established a $100 million fund dedicated to NFT creator […]

Video Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund

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The Coachella Valley Music and Arts Festival is stepping into non-fungible token (NFT) technology space, according to the festival’s official Twitter account. Coachella partnered with the crypto exchange FTX US, and the NFTs are minted on the Solana blockchain. Coachella Partners With FTX US to Mint Solana-Based Digital Collectibles Since 1999, the festival co-founded by […]

Coachella Music and Arts Festival Partners With FTX US to Issue Solana-Based NFTs

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The National Football League (NFL) has announced the American football organization plans to give fans virtual commemorative tickets in the form of non-fungible tokens (NFTs) for the upcoming Super Bowl LVI in Los Angeles. The NFL has partnered with Ticketmaster to issue the commemorative NFT tickets allowing fans to hold “a digital keepsake from their […]

This Year’s Super Bowl Attendees to Get Commemorative NFT Tickets From NFL, Ticketmaster

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First ever Metaverse Mortgage signed for $45,000

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Konami, one of the leading Japan-based game developers, elaborated on its future policy regarding NFTs. In its latest financial results meeting, Konami touched briefly on the subject of NFTs, and explained it would go on with its activities involving this technology as a preservation tool for some of its beloved franchises. Konami to Use NFTs […]

Konami to Keep Selling NFTs to ‘Preserve Content’

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A group of cypherpunks recently initiated a decentralized autonomous organization (DAO) in order to try and free the incarcerated Wikileaks founder and activist Julian Assange. So far, the DAO has raised $7.5 million in ether and the funds will be used to help with Assange’s legal fees and raise public awareness about his case. Assangedao […]

A DAO Created to Free Julian Assange Has Raised $7.5 Million in Ethereum

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Reddit Is Digging Into NFTs: Testing NFT Avatars

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NFTs have increased in popularity over the last year. More and more collections are entering the market and celebs are embarking on NFTs too. NFTs are now mainstream. This post is all about the top 3 NFT collections that have the most trading volume.
Top 3 NFT Collections: Bored Ape Yacht Club
Images of monkeys are always among the most widespread NFTs on the market. Probably the most notable collection of monkey images is the Bored Ape Yacht Club. It is a pack of 10,000 images of bored monkeys.
This NFT collection was launched in April 2021 via the OpenSea trading platform. The monkeys have a tally of 170 unique features that range in rarity. With a 7-day volume of 15,277 ETH, the Bored Ape Yacht Club is the top NFT collection.
Top 3 NFT Collections: Mutant Ape Yacht Club
The next NFT collection with a 7-day volume of 10,918 ETH is another collection of monkey images called the Mutant Ape Yacht Club. The Mutant Apes have been deemed as an additional advanced form of the Bored Apes and can also be discovered in the collection on OpenSea. Visit OpenSea to see the unique NFT collections!
The Mutant Ape Yacht Club contains 20,000 unique images. It belongs to the so-called pedigree of the Bored Ape Yacht Club. In addition to the Mutant Ape Yacht Club, the Bored Ape Chemistry Club and the Bored Ape Kennel Club are also the characteristics of the family tree.
Top 3 NFT Collections: The Sandbox
The Sandbox was one of the most famous blockchain games in 2021. In the Sandbox Metaverse, there is a map of up to 166,464 LANDS. The landlords can begin events and contests on their LAND, stake the SAND token, and layout assets separately. The Sandbox collection on OpenSea has a 7-day volume of 4,713 ETH, making it the most popular NFT collection.
Top 3 NFT Collections© Cryptoticker
The post Top 3 NFT Collections With The Most Trading Volume Ever appeared first on CryptoTicker.

Top 3 NFT Collections With The Most Trading Volume Ever

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Justin Bieber is the latest celebrity to join the Bored Ape Yacht Club. He paid 500 ETH ($1.3M) for the Bored Ape NFT #3001.

Justin Bieber Buys a Bored Ape NFT for $1.3 Million (500 ETH)

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The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Justin Bieber Spends $1.29 Million in Ethereum for BAYC #3001 Justin Bieber spent […]

Pop Star Justin Bieber Buys Bored Ape NFT for $1.29 Million, Pays More Than 300% Above Floor

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There is still no shortage of people mocking NFTs as a new digital asset class.
The post How NFTs went from a joke to a legitimate asset appeared first on CryptoSlate.

How NFTs went from a joke to a legitimate asset class

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Nicolas Pouard, an executive at Ubisoft, one of the leading videogame companies in the entertainment world, has issued his take on the backlash from gamers regarding the inclusion of NFTs in traditional franchises. The VP at Ubisoft’s Strategic Innovations Lab stated that this reaction could be due to a lack of awareness of the benefits […]

Ubisoft Executive Thinks Players Reject NFTs Because They Don’t Understand Benefits

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Neymar Jr Just Spent $1.1 Million on Two BAYC Ape’s : Here’s What You Need to Know

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Eminem is no stranger to the world of NFTs. Since the time when NFTs entered the mainstream marketplace, Eminem has consistently made efforts to include [...]

Marshall Mathers Just Bought His Digital Lookalike ‘EminApe’ for $450,000

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Everything You Need to Know About Meta’s Plan to Integrate NFTs

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Adidas and Prada NFT: Brands Foray Into NFT Association

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Selfies for $ 1 Million: Man Sells Them As NFTs

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Walmart enters Metaverse: Could this revolutionize retail?

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Everything You Need to Know About the Mercedes NF-G Challenge

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Adidas Originals Into The Metaverse NFT Is Here, What You Need to Know!

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Decentraland NFT: Everything that you need to know!

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Following Adidas and Nike getting into the metaverse, the sneaker manufacturer New Balance seems to be prepping to launch virtual items tied to its products. The firm filed three trademark applications with the United States Patent and Trademark Office (USPTO) that describe “downloadable virtual goods” featuring “footwear, clothing, sports bags, sports equipment, and accessories for […]

New Balance ‘Virtual Goods’ Trademarks Hint of Upcoming Metaverse and NFT Venture

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The surge in the popularity of NFTs in arts, entertainment, and sports is birthing several opportunities for platforms to create innovative solutions that will drive the growth of the ecosystem. INO or Initial NFT Offering is one of such innovations that has sprouted from the sector. It is a new cryptocurrency crowdfunding based on the [...]
The post Gonear: Decentralized Fundraising & Initial NFT Offering Platform Launches on Near Protocol appeared first on Blockonomi.

Gonear: Decentralized Fundraising & Initial NFT Offering Platform Launches on Near Protocol

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Binance Labs and Solv Protocol will collaborate on launching NFTs on the Binance NFT marketplace and on helping Binance Labs portfolio companies to grow Financial NFTs. This is a strategic move on both sides that will undoubtedly change NFTs forever. Solv Protocol is a decentralized platform for creating, managing, and on-chain trading Financial NFTs that [...]
The post Binance Labs Makes Strategic Investment in Solv Protocol: Next Big Leap for NFTs? appeared first on Blockonomi.

Binance Labs Makes Strategic Investment in Solv Protocol: Next Big Leap for NFTs?

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The NFT heat is getting more fierce as the world’s biggest online video company expresses its strong interest in this trend. NFTs are on their way, and YouTubers must be prepared. YouTube CEO Susan Wojcicki revealed in a recently published letter that NFT integration is part of the company’s future strategic plans. The goal of [...]
The post Youtube Teases NFT Integration, Finally appeared first on Blockonomi.

Youtube Teases NFT Integration, Finally

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Continue reading Asian Zodiac NFTs THEXII – Celebrates Year of Tiger in Metaverse at E-Crypto News.

Asian Zodiac NFTs THEXII – Celebrates Year of Tiger in Metaverse

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E-Crypto News' update provides the latest articles on technology and cryptocurrencies.
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Continue reading World-Renowned Artist Gal Yosef Launches Digital Art NFT Collection at E-Crypto News.

World-Renowned Artist Gal Yosef Launches Digital Art NFT Collection

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Op-ed: Here’s why Algorand is the ideal home for NFT artists

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Following community backlash, OpenSea decided to reverse its decision on limiting free NFT minting using its collection storefront contract.
The post OpenSea pulls back its controversial NFT minting limit decision appeared first on CryptoSlate.

OpenSea pulls back its controversial NFT minting limit decision

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Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable year, with many new wallets experiencing growth as a result. […]

Nansen Report Highlights Growth of Defi and NFTs in 2021

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Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin blockchain-based NFT sales (Axie Infinity) dropped […]

Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

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Tom Brady’s NFT Platform Raises $170 M: Everything you need to know.

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Harlem Rapper 27Delly Shares NFT Music Video for New Single

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Why Apple has no plans for Metaverse for its headsets?

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OpenSea Acquires Dharma: All You Need To Know

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Gap Threads: Fashion Giant Rolls Out Its NFT Collection

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At the very beginning of 2022, South Korean tech giant Samsung announced its foray into the metaverse and a new “NFT Aggregation Platform” designed for its smart TVs. In addition to the NFT TVs, Samsung also launched a virtual experience inside of Decentraland, one of the most popular metaverse gaming platforms. It’s high time we […]

Samsung Provides a Glimpse Into the South Korean Metaverse and NFT Craze

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Non-fungible tokens (NFTs) have proven that they are here to stay. At the same time, several cryptocurrencies have also been linked to NFTs, making them [...]

Best NFTs To Invest In For High Profits January 2022

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Continue reading Saatchi Art’s Public Sale of its”The Other Avatars’ NFT Collection Sold out in 20 Minutes at E-Crypto News.

Saatchi Art’s Public Sale of its”The Other Avatars’ NFT Collection Sold out in 20 Minutes

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As the team behind the new metaverse game Cross The Ages (CTA) prepares for the upcoming release, CEO and co-founder Sami Chlagou explained the project’s innovative approach–poised to make waves in the GameFi market.
The post Behind the scenes of the new metaverse game Cross The Ages appeared first on CryptoSlate.

Behind the scenes of the new metaverse game Cross The Ages

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Reddit Joins The NFT Party With Profile Picture Testing

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Continue reading F-Bomb NFT Project Will Help NFT Newbies at E-Crypto News.

F-Bomb NFT Project Will Help NFT Newbies

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After Twitter, Reddit Looks To Soon Add NFT Profile Picture Feature

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Reddit Gives NFTs More Visibility Through Profile Picture Testing

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A project with the greatest value for money we’ve seen in a while is taking its 1st steps in the NFT world

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The crypto economy has shed enormous value over the last three months and the leading crypto asset bitcoin is down more than 46% since it’s all-time high (ATH) at $69,044 per unit. The same can be said for a great number of digital currencies as the so-called crypto bear market has lasted 78 days so […]

78 Days: Measuring the Extended Crypto Market Downturn Against Prior Bear Markets

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A special agent with the Internal Revenue Service (IRS) says the tax agency is “seeing mountains and mountains of fraud” in the cryptocurrency space. The IRS criminal investigation unit is trying to train all of its agents on crypto and non-fungible token (NFT) issues because “this space is the future,” he stressed. IRS Special Agent […]

IRS Special Agent on Crypto: ‘We See Mountains of Fraud in This Area’

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Reddit Reportedly Testing NFT Profile Pic Functionality

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Since the creation of Bitcoin, many other cryptocurrencies have continued to spring up as adoption continues to heighten globally. Cryptocurrencies have continued to prove themselves as a store of value and attract investors into the Blockchain ecosystem. This phenomenon is normal, and investors have continued to flock around the space in a bid to enjoy high rewards. However, that growth has led to the creation of other Blockchain-related entities like Non-fungible tokens (NFTs), which have become popular. NFTs are unique and non-interchangeable data units stored on a digital ledger that uses blockchain technology to establish proof of ownership. They have become so popular recently, as Blockchain enterprises continue to innovate technologies to bolster their market. In this article, we will be looking at the fast-rising NFTmall crypto project.
What Is NFTmall Crypto?
NFTmall boasts as the first DeFi powered marketplace for NFTs. The NFT marketplace, powered by eCommerce, supports physically redeemable NFTs. According to its developers, the project creates a versatile space for many creatives to showcase their talents. The project also prides itself as the first Blockchain project to bridge the gap between mainstream and digital creatives. NFTmall has also provided users with an easy, sleek, and state-of-the-art interface to make their experience worth it. Apart from having attractive features, the NFT marketplace also provides creatives with immense opportunities to earn rewards. According to the developers, NFTmall also includes time-demanding features like Physically redeemable NFTs and future-themed features like NFTmall 3D. These are why the NFTmall project is one built considering the future and growth of NFTs. The NFT ecosystem, despite its growing popularity, remains a young and thriving ecosystem in the Cryptocurrency market. However, despite the limitations, the NFTmall project creates a level playing field for all interested parties in NFT.
------> Click here to Browse and Buy NFTs <------
What Is The Idea Behind The Project?
According to the whitepaper, the idea behind NFTmall was to equip both creators and their buyers with a decentralized marketplace. NFTmall also seems to eliminate the barriers between creators and buyers, providing them with a friendly marketplace. Equipping buyers and sellers in a marketplace with the right tools and support has consistently yielded positive results. This is why many crypto analysts project the NFTmall as the future of NFTs and the NFT marketplace. The technology behind NFTmall will also ensure that it will no longer compromise the quality of NFTs. This means that creators will only offer buyers top-notch quality NFTs and get considerable rewards in return.
Features And Advantage Of NFTmall
Carving a niche for itself as one of the best places to buy, sell and trade NFTs. Listed below are the feature that makes NFTmall a unique NFT marketplace.
Decentralized
The decentralized nature of NFTmall makes it the best place for both creatives and traders of NFTs. The project has eliminated every form of interference and third-party influence over users. This means that creators and buyers meet at a common ground to do business.
Friendly Marketplace
The accessible and non-complex features of NFTmall make it the best marketplace for creators and buyers of NFTs. Apart from being easy to use, creators are not expected to remit any money to the space. This is arguably the first NFT marketplace with such features, as NFT creators have continued to enjoy these vast rewards. NFTmall allows creators receive total royalties for their work without any form of a commission payment.
Users Earn Rewards
On NFTmall, creators are not alone in earning rewards, as users are eligible to earn via their affiliate marketing program. This program rewards users with a commission if they help sell their favorite creators' NFTs. Users with immense sales abilities have continued to enjoy these benefits, as NFTmall ensures that everyone is rewarded.
Smart Sorting Engine
NFTmall has incorporated a Google-like smart sorting engine into its platform that ensures that good creators get the most attention. The platform believes in reward for quality and ensures that quality NFTs are sold before the poor ones. Unfortunately, this mechanism might not be sufficient, as user interests are not stable. However, NFTmall will make it easier for creators with an excellent reputation to rank higher in search engine results.
What Is GEM?
GEM is the native and governance token of the NFTmall project. Holders of GEM can participate in voting and contest within the project. The token currently has a maximum supply of 20 million tokens, with 10% of it subjected to buyback and burn. Users who pay platform fees with GEM are eligible for a whopping 50% discount. About 30% of its total supply is dedicated to rewards traders at NFTmall, while 2% rewards liquidity providers. At the time of writing, GEM is the currency to bid on the weekly auction of NFT advertisement on NFTmall. The token is now live on Binance mainnet and listed on more than 452 exchanges. It is also available for pair trading on several exchanges like PancakeSwap, Bilaxy, and LAToken.
Why The Price Of GEM Soared?
Like every cryptocurrency, GEMs' prices are dependent on the activities and progress of the project. According to its developers, there is still a lot of work in the NFTmall project, as it progresses gradually. One of its plans is to change the face of NFT trading globally. Since the last quarter of 2021, NFTmall has continued to delve into various successful projects to improve the NFT space. Fortunately, this has not left GEM behind, as it has become one of the gainers since the turn of 2022. This is evident in its market cap, which is now as high as $3,575,246. The token price has also surged by more than 31.7% in the last week, as 24hour trading volume hits $59,273. GEM currently trades around the $0.18 mark at the time of writing, representing a 9.6% increase in the last 24hours.
------> Click here to Buy GEM <------
GEM/USD chart for the past month - coinmarketcap
Conclusion
NFTmall is one of the Blockchain projects set to plummet the fortunes of NFTs in the future. The project is decentralized, user-friendly, and promises huge rewards for all. Creators and traders are not the only beneficiaries of the space, as users ( via affiliate marketing ) also earn. GEM is the governance token of NFTmall and has continued to witness an uprising of fortunes since Q4 2021. More is expected of GEM this year, as crypto analysts predict it as one of the most performing this year.
NFTmall GEM© Cryptoticker
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$Online piracy has ended up as a pressing challenge for publishers and authors. Every year authors and publishers incur $300 million in losses. As a result, they feel demotivated since 99.99% of the books published stand pirated and the majority of the piracy originates from underdeveloped and developed nations because of the low earning potential of the population. For example, if an individual buys any book online or requests for its hard copy, it could amount to roughly $10 or $15. In developed nations, it is an hourly income; whereas, in developing and underdeveloped economies, it could be a day’s earnings or at worse, 3 days of hard work. So you can imagine the scenario and the necessity of piracy to acquire knowledge in such economies. Having said that, what if there’s a solution that can minimize the cost by eliminating intermediaries and incentivizing authors due to the mass volume of readers. Perhaps, that’s what NFTBooks intends to do for the authors moving forward. Using the underlying principles of blockchain and NFTs, NFTBooks aspires to set up an ecosystem where knowledge flows deep and one does not have to take it as a luxury to move forward in their life and career. What is NFTBooks? Put simply, NFTBooks is a writing platform built on top of blockchain technology and uses NFTs to establish ownership. Unlike the normal writing platforms like Google’s blogger which controls the data, resulting in anyone copying or downloading the book for free, NFTBooks uses IPFS to connect with readers. The benefit of IPFS is independent storage with full control over your data. As a result, authors can skip paying high charges in the form of server and hosting fees while launching their books. Hence eliminating barriers to entry for new authors with limited resources. → buy NFTBS Token Here ← The Origins: Reason for the Need of NFTBooks The idea that your best creativity could end up in a dustbin because the editor of a publishing house didn’t like it makes book writing sound more like gambling. However, such shouldn’t be the case. Authors shouldn’t be at the mercy of editors and the publishing house to showcase their art. Even if they agree to these exploitations, the returns are barely enough to keep things sustainable for long. For example, a normal author gets 10% royalty on book sales, whereas, the remaining 90% stays with the publishing house. So, you can very well understand the plight of the authors and the reason why book prices are touching the sky. Having said that, NFTBooks established an ecosystem by identifying these challenges and building solutions around them. In a way, benefitting all possible stakeholders by eliminating intermediaries. Using blockchain technology, NFTBooks provides complete anonymity to the author to cover any topic of their choice without the fear of vendetta and persecution. For example, Salman Rushdie, the author of The Midnight Children was accused of exploiting freedom of speech to malign the image of the Muslims. As a result, he was banned from entering India. The same fate fell upon other top authors like Nadine Gordimer, Judy Blume, Gustave Flaubert and many more who had been persecuted for multiple other reasons. With NFTBooks, such problems do not exist as the ecosystem allows authors to stay anonymous and contribute to the ecosystem. Along with this, it also incentivizes all segments in the following ways mentioned below that go into making any book a grand success. Authors They get the chance to publish their books as NFTs and get complete ownership of the book to derive income from the same. Readers Direct purchase from the authors eliminates intermediaries, as a result, the price comes to a highly affordable level across all geographies. Translators Translators get the chance to earn as well. For every translation that they do, they receive a service fee. The upside for authors here is that translators commit a certain percentage of their fees to the authors. Book Renting Even book renters can buy back the rights of ownership from the authors in NFTs and share the books on a rented basis with the readers. However, even for doing that, a certain percentage of earning through renting must go back to the authors despite them shelling off the ownership of the book to the buyer. Investors The NFTBS token will incentivize investors who buy scare releases and mint an NFT of their own to sell via their wallet when the author has become famous. So by doing so they can either sell the book to the third party at a premium price or rent it out on a fixed subscription model. Whatever be the case, yet again those investors need to share a portion of their profits with the author. NFTBooks: Would It Be a Worthwhile Investment for the future? NFTBS token is trading at $0.0...03212 at the time of writing across many exchanges. With a current market cap of $32,221,239, the NFBS token has a way to go for driving mainstream adoption. However, it could be a reality in the future since most publishers are indulging in greedy capitalism. They are setting-up specific pricing models to indulge in superficial profiteering. For example, the concept of renaming e-books as e-textbooks and charging 3x to 5x prices has turned rampant in the UK. Millennials are forced into a profiteering pricing model where publishers compel readers to engage in annual licensing for as high as $800 to $1000. Having said that, readers might look for frugal ways where they can read their favorite books for a fraction of the cost they incur buying from distributors. Hence, the demand for the NFTBS token could rise considering its limited supply and it is the fuel to interact with the NFTBooks platform. © Cryptoticker The post NFTBOOKs: Setting Up New Standards in Publishing appeared first on CryptoTicker.$