Over the weekend, Sumitomo Mitsui Financial Group (SMBC Group), announced its plans to collaborate with blockchain startup HashPort on non-fungible token (NFT) and Web3 projects, including promoting Web3 in Japan. The group, which runs one of Japan’s largest banks, said it will be working with HashPort on what it
Ilya Borisov, an NFT artist who earned €8.7 million from selling digital art, is currently in a legal tussle with the Latvian government after authorities froze his account over allegations of money laundering. If found guilty, the artist could spend up to 12 years in jail. During the bloom
Press Releases
NFTs have come a long way. From Mike Beeple’s record-breaking NFT auction to CryptoPunks, the market has experienced tremendous growth. Despite all these, the billion-dollar emerging industry still faces many problems. The high cost of transactions, sometimes ranging from $80 to $250, is a significant sticking point, prompting most
Press Releases
In the last few years, the crypto market has seen intermittent ups and downs, though one thing that has remained consistent is the addition of new tokens to the blockchain. But, they are not all as profitable. It gives rise to an important question, which tokens should I invest in?
Spanish football giant FC Barcelona is entering the NFT space. Its first-ever NFT collection is a digital audiovisual artwork that recreates the moment when club legend Johan Cryuff scored an acrobatic goal against Atletico Madrid in December 1973. Dubbed "In a Way, Immortal," the one-on-one animated edition NFT
Jose Cuervo, one of the best-selling tequila brands, is entering the metaverse with the first tequila distillery in the virtual world. Schedule to make its debut in Decentraland on Sunday, July 24, the launch coincides with National Tequila Day. According to an official statement from the company, the virtual space
Reid Hoffman, the co-founder of business networking platform LinkedIn, has launched a collection of Solana NFTs created by OpenAI's DALL-E 2 artificial intelligence software. The billionaire tech entrepreneur took to Twitter on Thursday to announce the initiative, revealing that he would auction the first piece from the collection
NFT News
Following Mojang Studio’s ban on NFT integrations on Wednesday, Epic Games has stepped forward to pledge its support for the industry. Responding to Mojang’s decision, Epic Games founder and CEO Tim Sweeney has said that his firm “definitely won’t” ban nonfungible tokens (NFTs) as devs “should be
Press Releases
While NFTs have constantly been making waves in the crypto industry, thanks to the explosive interest by the public and some very extreme valuation of projects (Beeple, BAYC, CryptoPunks), one question that is repeatedly asked is, how do you capitalize on the rising value? One way would be to “flip”
On Wednesday, Microsoft-owned Mojang Studios announced that it would prohibit nonfungible tokens (NFTs) and other blockchain-related technology from its popular Minecraft game. "NFTs can create models of scarcity and exclusion that conflict with our Guidelines and the spirit of Minecraft," the gaming company said in its statement. According
8-time Olympic gold medalist and 11-time world champion, Usain Bolt, has joined the Fitfi team as its brand ambassador. Fitfi is a platform that pioneered the gamified metaverse for the fitness economy. It is officially launching the private beta version of its Step App in partnership with Bolt, who is
Following its recent exploit, which led to the loss of over 350 NFTs, Premint has announced that it plans to compensate users that were affected by the hack. Brendan Mulligan, CEO of the NFT registration platform, made the disclosure in a live-streamed incident update released on Wednesday. He also revealed
In the face of the ongoing crypto winter, Elon Musk’s electric car company, Tesla, has dumped a large percentage of its Bitcoin holdings. The company has converted approximately 75% of its Bitcoin into fiat currency. In February 2021, a SEC filing revealed that Musk’s Tesla had invested a
An Ethereum NFT whale who placed a joke bid of 100 ETH on an ENS name has gotten more than he bargained for. The bid of over $150,000 was accepted before he could cancel it. Ethereum Name Service (ENS) has grown to be quite a popular niche in the
In April, OpenSea officially enabled support for Solana-based NFTs. The leading NFT marketplace is doubling down on that decision and moving deeper into the Solana ecosystem. Earlier this week, OpenSea unveiled its Solana launchpad, which will allow Solana-based creators to host new mints on its platform. The launchpad is part
Press Releases
Fellaz, a multi-chain Web3 entertainment ecosystem, announces the upcoming launch of their social media platform for artists and their fanbases. Through months of preparation, the Fellaz team has onboarded notable entertainers and pop stars from Korea, Japan, Southeast Asia, and the rest of the world. In preparation for their launch,