NFTs have emerged as a potent tool for fundraising, one that communities supporting Ukrainian defense and humanitarian ventures are increasingly turning to. On Wednesday, an NFT of the Ukrainian flag was sold to a pool of donors for 2,250 ETH ($6.75m). The sales round was led by UkraineDAO,
Top US insurance broker and wealth management firm IMA Financial Group will be making a foray into the metaverse. According to Justin Jacobs, senior vice president of marketing at IMA, the Denver-based firm’s move into the metaverse was inspired by the quick development of the NFT market. We have
Right-leaning social media app, Parler, has launched a new NFT marketplace called DeepRedSky. Interestingly, the platform will be making its debut with CryptoTrump Club, a set of 250 NFTs of former US President Donald Trump. DeepRedSky will sell Solana-based NFTs and will enable credit card purchases. Interestingly, the NFT platform
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It is a general truth that we live in a world ruled by tech and digitalization. The world today, just as with every other thing in it, has gone through various stages of evolution, and currently, it is safe to say that the advancement in tech and digitalization is its
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COVID-19 has affected the world negatively as a whole. We have witnessed economic meltdowns in practically all enterprises and institutions throughout the world, in addition to poor health effects such as an increase in the number of fatalities and rising pressure on health systems. Most individuals have lost their jobs,
Days after KPMG Canada purchased a World of Women NFT for around $70,000, crypto payments firm MoonPay has jumped on the bandwagon after winning a bid for the coveted NFT at Christie’s on Tuesday. The crypto startup spent a whopping $754,340 on a rare World of Women
Amid Russia’s ongoing invasion of Ukraine, the potential of NFTs as a fundraising tool is being brought to light. Digital platform Ikonia is tapping on the sales of digital collectibles to raise money for charities in Ukraine to support citizens of the war-torn nation. The Kyiv and Gothenburg-based digital
Spending a huge amount on a hyped NFT project is no guarantee that the team would deliver. Many investors are having to swallow this bitter pill as a $10,000 NFT project became the laughing stock of Crypto Twitter over the weekend. Last month, an NFT project called Pixelmon raised
Italian luxury brand Dolce & Gabbana (D&G) is expanding its NFT collection into Polygon following a deal with NFT marketplace UNXD. Dubbed “DGFamily NFT community,” the initiative will tap on the UNXD platform as its gateway to give users access to an exclusive product line via an entry
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Web 3.0 Is already changing the way we perceive e-commerce, but there are more dramatic changes flickering on the horizon. With commercial projects gaining traction through innovations within digital technologies, there are no limits to sudden fluctuations in different markets. These days, most of the innovations are somehow connected
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Cryptocurrencies have stood the test of time when it comes to their utility as a store of value during times of geopolitical unrest. The conflict between Ukraine and Russia highlights the limits of our financial system as it exists today, and the blockchain could help investors in affected regions protect
KPMG Canada has purchased a World of Women (WoW) Ethereum NFT for 25 ETH weeks after adding Bitcoin and Ethereum to its balance sheet. The Canadian outpost of the global accounting firm announced the purchase last week, noting that “NFTs unlock a new channel for organizations to engage with their
Japanese e-commerce giant Rakuten has jumped into the NFT space with the launch of a marketplace for digital collectibles. In a press release on Friday, the company disclosed that its NFT platform would focus on sports and entertainment NFTs, including those based on Japanese mangas, TV shows, and music. Rakuten
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The popularity of fantasy sports continues to grow as fans keep increasing tremendously. According to reports on Gammastack, the fantasy sports industry is projected to grow at a compound annual growth rate (CAGR) of 12% till the end of 2022. Also, according to the ExpertMarketResearch, the industry was valued at
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Per a recent press release, Relictum, the digital world of applications, has announced the launch of its node app for IOS. With this new development, IOS users can now install and deploy the Relictum node app on their respective devices. Not surprisingly, the node app for IOS is not different
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According to a report in Reuters, NFT sales hit a record $25 billion in 2021, from $94.9 million the previous year. With the rising popularity of non-fungible tokens and their increasing market value, many projects have sprung up with varying promises and potentials. Collectors are always on the lookout