Chiru Labs, creators of the popular Azuki NFT project, has launched a new token standard called Physical Backed Tokens (PBT) to enable on-chain ownership of physical items. PBT is a new open-source token standard that ties a physical item to a digital token on the Ethereum blockchain. It works just
With many traditional brands jumping on the Web3 bandwagon, India-based eCommerce platform Flipkart has launched a new metaverse experience that allows consumers to discover products in a photorealistic virtual destination and shop on the firm’s app. Dubbed Flipverse, the virtual world was launched in partnership with eDAO. The first
In October, Mark Zuckerberg, believing that the metaverse is the next phase of the internet, took the bold step of changing the name of his company from Facebook to Meta. While several proponents of the technology envisage a virtual world where people can work, play, and live, developing the metaverse
In celebration of the 40thanniversary of the Masters of the Universe (MOTU) franchise, global toy manufacturing company Mattel will be launching a new NFT collection on November 9. Mattel has teamed up with the NFT-native digital toy company Cryptoys for the project, which will “bring Eternia into the world of
Over the weekend, Solana’s leading NFT marketplace Magic Eden announced that it had introduced an optional royalties model, which would give customers the freedom to decide how much royalties to pay to creators when purchasing items on its platform. 🧵After some difficult reflection and discussions with many creators, we’
Five persons have been charged in France for allegedly swindling NFT owners to the tune of $2.5 million. According to the prosecution, the suspects targeted holders of popular NFT collections like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) through phishing operations. Unsuspecting victims were lured
Europe’s largest digital asset trading house CoinShares International Ltd. has launched an experimental Twitter bot to enable users to check the estimated fair market value of specific NFTs. According to the company, the CoinSharesNFTAI bot feeds various OpenSea data points to tested mathematical models to predict the fair price
Mike “Beeple” Winkelmann, one of the most successful NFT artists in the world, is looking to debut a real-world studio that will host NFT exhibitions. The famed NFT artist, who made headlines last year after his record-breaking $69.3 million NFT sale, shared a video on Twitter showing the construction
Uniswap Labs has raised $165 million in a Series B funding round led by Polychain Capital. Some of blockchain’s biggest venture firms participated in the round, including existing investors Andreessen Horowitz, Paradigm, Variant, and SV Angel. The decentralized exchange intends to channel the funds into the expansion of its
As part of a long-running NFT project, English artist Damien Hirst has burnt hundreds of his physical artwork, valued at around $10 million. Hirst, who is reportedly Britain's richest living artist, launched an experimental art project called "The Currency" last July. He created 10,000 paintings
Gaming veteran Konami Digital Entertainment has announced that it is expanding its plans for NFTs and other Web3 services, such as the metaverse. The Japanese video game developer stated in a press release that it would be recruiting a “wide range of talent for system construction and service development to
On Tuesday, OpenSea announced that it had enabled support for NFTs on layer-1 proof-of-stake blockchain Avalanche. GM🔺! We’re excited to share that @avalancheavax #Avalanche is officially live on OpenSea!! pic.twitter.com/3nDP3zQGAx — OpenSea (@opensea) October 11, 2022 Following the latest addition, the leading NFT trading platform now supports
The U.S. Securities and Exchange Commission (SEC) has launched an investigation into Yuga Labs, the creators of the popular Bored Ape Yacht Club NFT collection, over the sales of its NFTs and the distribution of ApeCoin. Citing sources familiar with the matter, Bloomberg reported that the SEC was looking
After raising hundreds of thousands from NFT collectors, CNN is pulling the plug on its Web3 experiment. Vault by CNN appears to have gone sideways as the cable news network confirmed in a statement on Monday that it was saying “goodbye.” News of our own to share pic.twitter.com/
NFT News
In the last two weeks, hackers have been airdropping NFTs to Solana users under the guise of a new Phantom wallet security update. However, the NFTs is malware designed to steal their assets. The hackers, who claim to be Phantom team members, use NFTS titled PHANTOMUPDATE.COM or UPDATEPHANTOM.COM.
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