In March 2021, Beeple made headlines after his NFT collection sold for a whopping $69.3 million. While it may seem like the digital artist went silent after the phenomenal sale, Beeple has actually been working behind the scenes on a number of new collections, including a new project with
The price of Bitcoin and other cryptocurrencies have continued to plummet, with the flagship cryptocurrency dipping below $30,000 for the first time since July 2021. Bitcoin fell by more than 11% in 24 hours, dipping to $29,944. Although the digital asset has since recovered slightly to $31,390,
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Before the end of June 2022, NASA will launch a spacecraft into the Moon’s South pole; this would be the first of its kind since Apollo 17 of 1972. This mission is known as the Artemis 1; the objective is to successfully land the first female and first astronaut
Meta-owned Instagram will start testing out NFTs on its platform this week, CEO Mark Zuckerberg revealed. In a Monday video, Instagram head Adam Mosseri confirmed that a small group of US users would be able to display NFTs on their feeds, stories, and messages. He said: This week we'
In the buildup following Yuga Labs’ recently concluded Otherside metaverse mint, one of the rarest virtual lands from the collection has sold for a whopping $1.5 million. On Sunday, Otherdeed #59906 was sold on the NFT marketplace X2Y2 for 625 ETH. The said piece, which is the eighth rarest
Thousand of traders have had their position liquidated across multiple markets following a volatile week in the cryptocurrency space. According to data from cryptocurrency and futures trading platform Coinglass, more than $400 million worth of trader positions in the crypto market were liquidated on May 5. Notably, those who placed
Two weeks after launching its NFT marketplace, Coinbase has now opened the platform to all prospective users. As reported by BTC PEERS, Coinbase announced on April 20 that its NFT marketplace was live in beta and accessible by a small group of beta testers who had earlier registered to join
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Much like the DeFi lending era, NFT-backed loans are becoming more of a norm. An anonymous CryptoPunk owner has been able to use two of his pixelated avatars as collateral to collect a loan of over $3.3 million. The said loan was issued by the crypto lending platform Nexo
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Nafstars, a France-based play-to-earn (P2E) and NFT platform on Polygon, has raised $1.7 million in seed, token pre-sale, and NFTs, as per a recent press release. Nafstars setting Sight on the Multi-Billion Music Industry The successful $1.7 million raise is ahead of the highly anticipated Non-fungible Conference (NFC)
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Goons of Balatroon (GoB), an ambitious trading card game with rich 2D and 3D aesthetics incorporating land ownership and NFTs on the state-of-the-art Elysium ecosystem, has completed a $2.46 million seed and private sale funding round. GOB to Expand their Ecosystem The funding round was led by Merit Circle
Crypto exchange Kraken has finally opened a waitlist for its NFT marketplace in beta four months after CEO Jesse Powell announced the company’s desire to launch an NFT platform. The company made the revelation in a Tuesday blog post, explaining that NFTs “have redefined the concepts of digital expression,
VanEck made headlines in the Bitcoin ETF scenes following its attempt to get the approval of the SEC to launch a spot exchange-traded fund for the asset class. Amid all the buzz around NFTs, the New York-based investment management firm is now planning to release a collection of 1,000
One man’s meat is definitely another man’s poison. While billionaire Warren Buffett recently lashed out at Bitcoin as an unproductive asset, Tesla, in a recent SEC filing, has lauded Bitcoin’s liquidity and long-term potential. In a recent filing with the US Securities and Exchange Commission, Tesla Inc.
While the Ethereum network crumbled under the high demand for Otherside NFTs over the weekend, Solana’s proof-of-stake (PoS) is battling with another type of demand. NFT minting bots on Solana have knocked validators out of consensus for the 7th time in 2022, crashing the network for several hours. Unlike
Metaverse
Over the weekend, Yuga Labs sold 55,000 NFTs tied to its upcoming Otherside metaverse. The highly-anticipated mint generated nearly $320 million for the company, but that was not all. High demand for the NFTs clogged the Ethereum mainnet and sent gas prices to shocking heights. Moreover, Yuga Labs raked
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Years after trash-talking Bitcoin and calling it “rat poison,” Warren Buffett appears to be finally coming around. However, the billionaire is not stoked by the performance of the world’s most populous cryptocurrency. Speaking during a Berkshire Hathaway Annual Shareholder meeting last Saturday, Buffett said that Bitcoin has “got a