The all-time sales volume of the popular Bored Ape Yacht Club NFT collection has now surpassed CryptoPunks, making it the second-largest NFT collection in the world. Launched in April 2021 by Yuga Labs, Bored Ape Yacht Club (BAYC) has grown to become one of the most sought-after NFT collections. The
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Gold-backed coins are a type of cryptocurrency that use gold as a benchmark value. This means that each coin is worth a set amount of gold held in reserve by the issuer. Gold-backed coins offer many advantages over other cryptocurrencies, including security, liquidity, and price stability. In addition, they have
On Sunday, Snoop Dogg and Eminem dropped their “first of its kind” performance of “From the D 2 The LBC” at the 2022 MTV Video Music Awards (VMAs). Although lauded as a hit by some fans, there were others that were left confused by the metaverse performance. As earlier reported
Antpool, a leading cryptocurrency mining pool affiliated with Bitmain, has disclosed its plans to end support for Ethereum accounts after the Merge upgrade is implemented. Over the weekend, the Bitcoin mining pool told miners that it would no longer manage Ethereum assets after the Merge. As a result, customers have
Chinese NFT marketplace iBox is shutting down its operations outside the country. The company, which has been selling NFTs in USDT, did not give any reason for the suspension of its foreign operations. However, plans are on the way to refund users beginning in September. All forms of cryptocurrency trading
The Japanese arm of Hong Kong blockchain investment firm, Animoca Brands, revealed on Friday that it had raised $45 million to ramp up its NFT ambition. Animoca Brands KK, as the unit is called, raised the funds from the world's second-largest financial group Mitsubishi UFJ financial group (MUFG)
According to a social media post from Uniswap's head of NFT product, Scott Lewis, Uniswap has engaged in talks with multiple non-fungible tokens (NFTs) lending protocols to bring about NFT financialization. Lewis highlights the company’s interest in combating two major issues plaguing the NFT space. uniswap is
Bruce Fenton, the United States senatorial candidate for New Hampshire, has publicly reiterated his support for Bitcoin while frowning at the government’s attempt at regulating the asset. During the New Hampshire primary debate on August 25, the senatorial aspirant said that the government has no jurisdiction over the currency
Bored Ape Yacht Club owners have leveraged their permissive commercialization rights to turn their Ethereum NFT imagery into diverse products from apparel to toys, alcohol packaging, and restaurants. They are now extending their reach to the candy industry with some limited-edition M&M’s. On Wednesday, confectionary giant Mars
Less than 48 hours after starting to trade in digital assets, the Shanghai Data Exchange has moved to launch blockchain-based digital assets. However, there are some limitations as the exchange will not allow secondary trading. The Shanghai Data Exchange was established in November 2021. The state-owned institution offers trading data
In a bid to reward some of its most loyal users, Reddit is airdropping free NFTs. The popular online discussion platform recently announced that it would be launching a new Collectibles Avatar marketplace. Last week, a member of the platform’s administrative unit revealed that the company would launch a
Earlier this year, China’s financial hub Shanghai unveiled its five-year development plan, which surprisingly included the metaverse as one of four frontiers for exploration. Months later, the capital city of Beijing has now announced its metaverse development plan. The two-year metaverse innovation and development plan will see various municipalities
Global rap icons Snoop Dogg and Eminem will be thrilling fans on the metaverse this Sunday at the 2022 MTV Video Music Awards (VMAs). On Thursday, the duo announced that they were gearing up for a “one-of-a-kind performance” of “From the D 2 The LBC.” The presentation, which is billed
Earlier this week, metaverse avatar platform Ready Player Me raised $56 million in a Series B funding round. The round was led by Andreessen Horowitz (a16z), with support from Konvoy Ventures, Collab Currency, Taavet Hinrikus and Sten Tamkivi's Plural Platform, and comedian Kevin Hart's Hartbeat Ventures.
Chingari, the Indian version of the popular social media platform TikTok, has made its foray into the world of NFTs. On Tuesday, the company announced that it would be a new NFT feature known as Creator Cuts. Creator Cuts is set to become the world’s first-ever video NFT marketplace,
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Despite the torrid run in the general crypto and NFT market, global sports brand Nike has made a killing from digital collectibles. The company has raked in over $185 million in revenue from its NFT-related projects. The figure positions Nike as the biggest earning brand from NFTs, and according to