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When NFTs are mentioned, one may think it only refers to a set of digital assets or some art with futuristic values. While the above is not entirely false, Non-Fungible-Tokens have diversified into unimaginable life-changing projects over the past year, repositioning the future of NFTs. However, among the numerous meaningful
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The world of crypto investment has long been plagued with uncertainty and volatility, acting as a deterrent for many users. It has turned hundreds of thousands, if not millions, of potential investors away from the market. Besides the uncertainty and volatility, another factor that affected the scheme of things was
With Ethereum’s highly anticipated Merge upgrade fast approaching, which will see the network transition from its current Proof-of-Work (PoW) validation algorithm to Proof-of-Stake (PoS) consensus, Chainlink Labs has announced that its protocol will not support any forked versions of Ethereum. In a Monday post, the team detailed its future
On Monday, Bitcoin recorded a slight increase in price to trade above $24,000 for the first time since June 13. According to data from TradingView on Binance, the flagship cryptocurrency broke the $24,000 mark at around 8:30 am UTC on August 8. As of press time, Bitcoin
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Metaverse Starter is a one-stop solution for holistic blockchain finance. It has recently launched a novel offer that allows the public to take part in new project launches in a style very similar to Dutch Auctions. Metaverse Starter’s new feature integrates into its commitment to provide quality services. A
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Hector Network’s recent announcement that they are a champion partner of BVB, one of the most iconic and loved Bundesliga teams in Germany, is a massive achievement for the company. Borussia Dortmund is one of the most traditional and popular German football clubs. Founded in 1909, BVB boasts more
Luxury jeweler Tiffany & Co. has made a rather lavish entrance into the NFT space after its collection of 250 CryptoPunks-themed collectibles sold out in less than an hour. Dubbed “NFTiffs,” the limited edition Ethereum-based digital collectibles were priced at 30 ETH (around $50,000 at today’s prices) each.
Months after testing out NFTs with a small group of U.S. users, Meta-owned Instagram has announced that its NFT feature will now be available in 100 more countries. The digital collectibles functionality will be available across 100 countries in the Americas, Africa, Asia Pacific, and the Middle East. The
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A payment gateway is a third-party service used by online stores to process customer payments that frees merchants from the pains of building their own payment solutions. Then, a cryptocurrency payment gateway is the one that allows merchants to accept Bitcoin and other cryptos as a payment medium. Bitpapa, a
In a Tuesday letter to shareholders, Tinder’s parent company Match Group announced that it was backtracking on its earlier plans to venture into the Web3 space. Although Match Group's chief executive officer Bernard Kim expressed his conviction that a “metaverse dating experience is important to capture the
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
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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
NFT News
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