Despite the bearish market sentiment around crypto and NFTs, an upcoming Ethereum-based role-playing game “Illuvium” has defied the odds to close a virtual land sale worth over $72M. About 20,000 digital land parcels were sold to investors and prospective players in a Dutch-style auction between June 2 and June
The city of California has witnessed the grand opening of its latest art facility “Quantum Space LA,” co-founded by well-known NFT photographer Justin Aversano. But here’s the interesting twist. Quantum Space LA, located on the iconic Third Street Promenade in Santa Monica, is the latest in a growing trend
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Per a recent press release, PlanetQuest, a cinematic multiverse and blockchain-based gaming platform, has partnered with Immutable X—the first and leading layer-2 scaling solution for NFTs—and launched the world's first community-friendly NFT planet sale (that ends on June 7th, 2022)! Since it came to the limelight,
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While the advent of non-fungible tokens, or NFTs, presents a massive opportunity for digital artists to create and auction off artworks, a ton of problems still exist. Lack of support for multiple chains, high transaction costs, high gas fees, fraudulent NFTs, the unavailability of multiple payment methods like fiat and
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Decentralized finance (DeFi) takes what traditional finance facilitators could do and eliminates intermediation with trustless, composable smart contracts. Since the first protocol went live, trialing token exchange, the sphere has morphed into a multi-billion industry. So fast has DeFi grown that a U.S. official, during a fire chat discussion
Thanks to the sales of NFTs, the no-loss lottery decentralized finance (DeFi) platform “PoolTogether” has been able to reach 100% of its legal defense funding goal. It took the platform ten days to attain its funding goal of 769 ETH ($1.4 million), pointing to the unity of the DeFi
Over the weekend, the Discord server of the popular NFT collectible Bored Ape Yacht Club (BAYC) was compromised, leading to the loss of about 200 ETH (approximately $360,000) worth of NFTs. The hack was due to a phishing attack on the Discord account of Boris Vagner, the project'
Despite the recent decline in the sale of NFTs, Solana has managed to reach a new milestone as the combined sales on the network reached $2.35 billion this June. The new sales record is a ray of hope for the blockchain whose native SOL token plummeted by over $14
NFT News
In March 2021, digital artist Beeple made headlines after his NFT collection sold for $69.3 million. The industry has since gained massive patronage, with many people, including non-artists cashing out with digital collectibles. Victor Langlois, a 19-year-old transgender artist, is one of the latest to rake in millions. Langlois
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With globalization, there is so much on the table; it can be overwhelming. Yes, the world is increasingly becoming a village. However, the steel wall separating the digital and the physical world can still be felt, especially in investment. If anything, it can be challenging for ordinary folks to confidently
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There is little doubt that decentralized finance (DeFi) is revolutionizing finance and empowering millions. A level deeper, DeFi aligns with the vision-mission of the creator of Bitcoin, Satoshi Nakamoto, who wanted to promote financial inclusion, allowing ordinary users to steer their financial ship. Fast-forward 13 years later, DeFi is a
American professional boxer Jake Paul has been involved in the promotion of yet another NFT project that has failed to live up to its billing and may have absconded with about $6.3million belonging to investors. Dubbed “Animoon,” the NFT project marketed itself as the most awaited play-to-earn game featuring
Snoop Dogg in conjunction with Food Fighters Universe has announced their intentions to launch an NFT-themed dessert restaurant in Los Angeles. The Food Fighters Universe, co-founded by Andy Nguyen, Kevin Seo, and Phillip Huynh, took to Twitter to welcome the latest member of their business chain. Announcing the newest member
Months after saying ‘STOP ASKING ME TO DO NFTs,’ Kanye West appears to have finally succumbed to the burgeoning industry. The artist might soon make his NFT debut after filing 17 trademark applications for his brand Yeezus. “Ye,” as the popular entertainer is commonly known, made multiple U.S. federal
Following his victory in a case of defamation against ex-wife Amber Heard, the NFT collection of American actor, producer, and musician Johnny Depp has seen a massive spike in activity. Depp’s “Never Fear Truth” collection of 3,850 NFTs was launched in January, at a price of 0.7
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In a bid to tackle some of the environmental concerns caused by energy-guzzling blockchain operations like Bitcoin mining, New York lawmakers passed a bill targeting proof-of-work mining (PoW) on Friday, June 3. The bill mainly targets Bitcoin (BTC) and other cryptocurrency projects that utilize the proof-of-work algorithm to authenticate transaction