According to research data recently released by pro-consumer website Comparitech, NFT thefts are becoming more frequent and quite lucrative, with 2022 accounting for the majority of the exploits. Comparitech has been monitoring NFT thefts ever since the industry recorded its first case of theft as far back as 2020. Since
Opinions
According to a report by Emergen Research, the Web 3 market hit $3.2 billion in 2021 and is projected to hit a whopping $81.5 billion by 2030. The growing potential of the Web 3 market has attracted the attention of VCs in the blockchain space. A report by
Recently valued at $1.6 billion, Solana’s crypto unicorn Magic Eden is beginning its multi-chain expansion with Ethereum. On Tuesday, the company confirmed that Ethereum was the first blockchain addition to its multi-chain plan. Ethereum is by far the largest NFT market by trading volume, hosting a vast majority
The price of MetaKongz, a South Korean NFT project, has tanked by over 17% on the OpenSea NFT marketplace amid several in-house problems such as alleged mismanagement of project funds and hacking. According to data on the NFT trading platform, the average price of MetaKongs over the past seven days
Bitcoin and Ethereum staged a slight comeback over the past month, surging by an average of 18% in an impressive July rally. While the two large-cap assets recorded a slight dip at the beginning of August, data suggests that crypto traders are still very much bullish. According to data published
Along with the general crypto market, NFT sales have taken a massive hit in the face of the ongoing crypto winter. According to data from NFT aggregation site CryptoSlam, July’s secondary NFT market sales fell to $650 million, a 25% drop from June figures. This is the second month
Press Releases
As the mainstream adoption of crypto assets increases, many industries become more receptive to the utilities of these digital assets. Gaming platforms like BitSpinCasino help to expand the reach of crypto-focused gaming further, and at the same time, it offers a great point of entry for FIAT players who would
Legendary rock band Muse has announced that it will be releasing its upcoming album, "Will of the People," as a limited-edition NFT on the Polygon-powered platform Serenade. The NFT version of the band’s ninth studio album will be released on August 26. It is set to be
With a handful of regions making metaverse plays at a national level, the government of Southeast Asia’s largest economy has asked the state carrier to create a metaverse to support local firms. In a bid to promote local firms that compete with foreign services and take back control from
Cryptocurrency exchange KuCoin has launched an exchange-traded fund (ETF) tied to blue chip NFT assets like CryptoPunks and Bored Ape Yacht Club (BAYC). In a Friday announcement, the Seychelles-headquartered company said that the new product offering “aims to improve the liquidity of NFT assets and lower the investment threshold of
Luxury jeweler Tiffany & Co is set to launch its first set of non-fungible tokens (NFTs), a series of CryptoPunks NFTs-themed gold and gem-encrusted pendants. Dubbed NFTiffs, the NFT-backed product features 250 digital passes that can be “minted when purchased and redeemed by CryptoPunks holders for the creation of a
Mark Zuckerberg’s Meta is heavily investing in the metaverse. However, Ethereum’s creator thinks the company’s attempt will “misfire.” In a Twitter thread on Sunday, Ethereum’s creator Vitalik Buterin aired his views on the future of the metaverse. According to him, the current metaverse plays by corporate
The city of Miami is launching a new NFT initiative to drive revenue to small businesses and non-profits through exclusive reward offerings. Miami City mayor Francis X Suarez disclosed the city’s plan to launch 5000 Ethereum NFTs in partnership with Time Magazine, Mastercard, and Salesforce. According to a city
In a rather interesting use case of NFTs, England’s League Two side Crawley Town has signed a midfielder after fans and NFT holders voted on what position they wanted the team to strengthen. The team decided to give its fans a voice for the first time in the June
Gary Vaynerchuk’s NFT universe is set to take flight after raising $50 million in a seed round led by venture capital firm Andreessen Horowitz (a16z). Gary Vaynerchuk, popularly known as Gary Vee, launched VeeFriends in May 2021. He intends to use the seed capital to expand the NFT’s
NFT News
Prizefighter, a movie starring Russell Crowe, is making its debut. The interesting part is that the biopic was partially funded by the sales of non-fungible tokens (NFTs). According to a report by Yahoo News, the British-American film tells the story of legendary bare-knuckle boxer Jim Belcher. It was partially funded