Although the effects of rising interest rates and inflation are being felt in the crypto market amid an ongoing bear market, Ethereum has experienced a significant rise in the number of unique users. According to data from Dune Analytics, the Ethereum network gained over 4.5 million new active users
Despite a torrid crypto winter, leading digital currency asset manager Grayscale Investments is showing no signs of slowing down. The world’s biggest digital currency asset manager recently announced the launch of an investment vehicle that would help investors capitalize on the reduced prices of Bitcoin mining infrastructures. The Grayscale
NFT News
In a bid to bolster its Web3 presence, Yuga Labs, the creator of the Bored Ape Yacht Club NFT collection has assembled a community council made up of notable Ape collectors. The firm appointed seven holders of the NFT collection to form the council. Yuga Labs detailed the profile of
On June 1, 2022, OpenSea’s former product manager Nathaniel Chastain was slammed with an indictment for “wire fraud and money laundering in connection with a scheme to commit insider trading” on different NFT tokens. Recent court filings reveal that Chastain, who has since resigned from OpenSea and even gone
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As Blackcatcard’s recent, game-changing update comes to a swift completion, it’s important to reflect on the whats, the whys and the hows. Indeed, this major, global update of the integrated cryptocurrency service provided by DigiNord OÜ took place on 5th October, as well as updating the main user
In August 2021, Three Arrows Capital (3AC) executives Su Zhu and Kyle Davies alongside NFT collector Vincent Van Dough launched a $100 million NFT-focused fund called Starry Night Capital. The goal of the fund was to purchase “the most desired” NFTs on the market at the time. Although the fund
With many traditional companies jumping on the Web3 trend, Taiwanese laptop maker Asus is making its debut with an NFT platform. The company announced the launch of “Art Black hole” on Tuesday, marking its first foray into the growing Web3 sector. Launched under the firm’s Web3 arm, Asus Metaverse
Hugo Boss is the latest on the list of many fashion brands exploring metaverse fashion. Its Youth-focused arm is gearing up to launch a "holistic, 360-degree metaverse experience." On Tuesday, Hugo announced that its apparel would be coming to the metaverse via a partnership with the whimsical NFT
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Horizon, the developer of NFT trading card game Skyweaver, confirmed a $40 million raise on Tuesday. The Series A funding round was led by Brevan Howard Digital and Morgan Creek Digital, with participation from video game publishers Ubisoft and Take-Two Interactive. Other investors included Polygon, gaming-centric VC firm Bitkraft, metaverse
The NFT market began 2022 with a bang but has since witnessed a major drop in interest and sales volume, amid a difficult period in the broader cryptocurrency market. As a result, NFT sales on OpenSea, the largest marketplace for digital collectibles, nosedived in the third quarter of 2022, down
Despite the ongoing crypto market downturn, Solana NFT sales volume nearly doubled in September, a 77% month-over-month increase. Although overall NFT sales volume remained largely stagnant in September, blue-chip Ethereum NFTs are still selling, and Solana-based NFTs appear to be the latest rave in town. According to data from DappRadar,
In a bid to drive digital transformation, the government of Japan has said it will continue to promote Web3 services, including investments in non-fungible tokens (NFTs) and the metaverse. According to the current prime minister of Japan, Fumio Kishida, the government’s investment in digital transformation included its recent decision
Martin Mobarak is the CEO and founder of Frida.NFT, a blockchain project that aims to reform the charity industry “through increased transparency, donation frequency, and donor incentive.” In July, the art collector and crypto millionaire invited a select few to his Miami mansion for a party celebrating the launch
BlackRock, the world’s largest exchange-traded funds (ETFs) provider has moved to launch a metaverse ETF despite the weak market conditions in the crypto space. Dubbed “iShares Future Metaverse Tech and Communications ETF,” the metaverse product will track companies with metaverse exposure, a Thursday filing said. However, Bloomberg reports that
Meta has updated its NFT sharing feature on Facebook and Instagram to allow US-based users to connect their wallets and share their digital collectibles with friends and followers. According to the official announcement on Thursday, users of the social media platforms will be able cross-post their NFTs. Following the official
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U.S. record label Warner Music Group has entered a partnership with NFT marketplace OpenSea to create a platform for “select WMG artists to build and extend their fan communities in Web3.” As part of the deal aimed at bolstering fan engagement, artists who are signed under Warner Music Group