Are NFTs really going mainstream? Abu Dhabi Global Market may soon give license operators the right to legally trade NFTs. An assessment paper captioned “proposals for enhancements to capital markets and virtual assets in ADGM” was published by Abu Dhabi Global Market (ADGM) on Monday. The paper covered draft standards
What’s the real worth of an NFT? With investors spending millions of dollars of jpegs that can easily be right-click saved, critics have often labeled the NFT rally a passing fad. But this has done little to stop investors from thronging to the space. Today, an NFT protocol that
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ALTAVA aims to create and launch digital twin versions of physical luxury items and mint them as NFTs. The goal, according to the founding team, is to enable the usage of these NFTs across varying sections of the metaverse. Founded by Any Ku, owner of Mstar, a virtual game focusing
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Blockchain technology has been nothing short of groundbreaking since its emergence. Several industries are leveraging this technology to power their services, from the banking and finance sector to automobile and gaming. We have seen several blockchains emerge from the DeFi sector in the last few years, running on consensus mechanisms
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Following the tremendous triumph of the TRON Grand Hackathon 2022 coming to an end, we’ve been watching the hackathon's most popular projects in all four tracks, Web3, NFT, GameFi, and DeFi, on the TRON DAO Forum. We’re ecstatic to see the winners were released. Activity on
Although the Chinese government has remained relatively quiet over its stance on NFTs, social media giants are beginning to block the accounts of NFT platforms, fearing government crackdown. WeChat has removed the accounts of several digital collectible platforms for allegedly violating the policy of illegal trade. Meanwhile, Tencent-owned NFT platform
While Malaysia’s finance minister has labeled crypto payments as illegal, the region’s Ministry of Communications and Multimedia (KKMM) appears to be in support of the burgeoning sector. In a report by local news agency Harian Metro on Monday, Deputy communications and multimedia minister Datuk Zahidi Zainul Abidin has
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Over the weekend, the Web3 label (10:22PM) of Universal Music Group joined the laundry-list of celebrities and corporate behemoths that own a Bored Ape. The world’s leading music company purchased Bored Ape #5537 for roughly 125 ETH, or $360,000. According to a press release from the company,
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Data is one of the world's most valuable resources, yet vulnerable. More than 80% of the world's population exchanges data and shares information from photos to videos and documents. Every sector of the world interacts with data. The amount of data we consume every day within
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Cylum finance is an automated network that provides sustainable investment opportunities for its community of users. The network enables users to gain increasing investment benefits by letting their assets function in an attractive and high-producing investment space. Cylum Finance proves to be the best of DeFi 3.0 projects and
Investors have continued to dole out millions to crypto and NFT startups, and FanCraze is one of the latest to receive its share. The Flow-based NFT marketplace for official cricket collectibles has raised $100 million in Series A funding, Bloomberg reported on Friday. As per the report, the round was
ETC Group recently announced the launch of ETC Group Global Metaverse UCITS ETF, a metaverse-themed exchange-traded fund (ETF) in conjunction with HANetf. The new Metaverse ETF lists today on the London Stock Exchange and will be up for sale across Europe, making it the region’s first metaverse ETF. METR
After sustaining a net loss of $147.5 million in Q4 2021, popular retail video game store chain GameStop (GME) has finally put a deadline on launching its NFT marketplace. $GME will reportedly open their NFT marketplace at the end of their second quarter 2022. SHARE THIS ASAP! #GME #gamestop
Last month, some users of the leading NFT marketplace OpenSea fell victim to a phishing attack that claimed around $1.7 million worth of digital collectibles. Malicious actors have now moved over to the recently-launched Rare Bears NFT project, with users losing NFTs and other cryptocurrency assets worth around $790,
On Thursday, Chinese social media platform Weibo debuted its NFT marketplace called TopHolder. The Twitter equivalent is introducing an interesting feature that allows users to mint and sell their original posts as NFTs. According to the social media giant, interested users will have to scale through internal KYC checks before
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One of the largest problems of modern cryptocurrency and decentralized finance industries is fragmentation. There are a lot of options to create a crypto startup or invest in one, but there is no platform that offers a full range of financial services to both investors and entrepreneurs. In addition, a