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Web3 games and metaverse projects rake in $748 million in August

Metaverse

Web3 games and metaverse projects rake in $748 million in August

According to data released by DappRadar, interest in blockchain-based games is on the rise despite the ongoing crypto winter. The data acquisition and analysis company disclosed that companies in the Web3 gaming field have raised around $750 million along with other metaverse projects since the beginning of August. The August

By John Williams Sep 12, 2022
South Korean man bags four-year jail term for sexual abuse in the metaverse

Metaverse

South Korean man bags four-year jail term for sexual abuse in the metaverse

A 30-year-old South Korean man has been sentenced to four years in prison for violating the ‘Act on the Protection of Children and Youth’ after he created and stored content that was sexually exploitative of youngsters whom he had lured onto the metaverse. According to local media sources, the man,

By John Williams Sep 12, 2022
NFTs of Queen Elizabeth II flood OpenSea marketplace

NFT News

NFTs of Queen Elizabeth II flood OpenSea marketplace

Following the passing of Queen Elizabeth II in the U.K. on Thursday, over 40 new Queen-related meme tokens, and hundreds of similar non-fungible tokens (NFTs) have been released into the crypto market. Since the news broke, new tokens have been launched on several decentralized exchanges on the Binance Smart

By John Williams Sep 10, 2022
Puma unveils new metaverse project to showcase its new sneaker NFT collection

Metaverse

Puma unveils new metaverse project to showcase its new sneaker NFT collection

German sports brand Puma has rolled out an interactive metaverse project dubbed Black Station to display a collection of its limited-edition sneaker NFTs. The sneaker tokens in question are part of the firm's "Futrograde" collection, which will be on exhibition during the New York Fashion Week

By John Williams Sep 10, 2022
Bowie comes back to life in new NFT project

NFT News

Bowie comes back to life in new NFT project

“Bowie On The Blockchain,” a charity NFT project celebrating David Bowie's musical legacy, is set to launch on Sept 13. The project is being launched in conjunction with OpenSea, alongside Web3 outfit, We Love Arts. It will feature works from nine different artists who were all inspired by

By John Williams Sep 8, 2022
Switzerland’s SEBA Bank rollouts Ethereum staking services for institutional clients

News

Switzerland’s SEBA Bank rollouts Ethereum staking services for institutional clients

On Wednesday, Swiss-regulated SEBA Bank announced the launch of a staking service for institutional clients. The development comes just days before the much-anticipated Ethereum Merge event, which will see the legacy blockchain move from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. According to the press release, the staking

By John Williams Sep 8, 2022
Ethereum’s Bellatrix upgrade goes live despite minor hiccups

News

Ethereum’s Bellatrix upgrade goes live despite minor hiccups

As Ethereum inches closer to its long-awaited Merge event, the second-last upgrade has gone live, despite some early technical glitches that got observers nervous. Dubbed “Bellatrix,” this is the last upgrade that Ethereum’s Beacon Chain has to go through before it merges with the mainnet later this September. For

By John Williams Sep 7, 2022
Japanese government issues NFT certificates to local authorities

Japanese government issues NFT certificates to local authorities

In what can be described as a first from the Japanese government, authorities have issued NFT awards to the winners of a nationwide digitization competition. According to a report from Japanese cryptocurrency & blockchain media platform, CoinPost, the so-called “digital certificates” of achievement were given to the local government authority

By John Williams Sep 7, 2022
NFT and metaverse trademark applications surge in 2022, eclipse 2021’s total

NFT and metaverse trademark applications surge in 2022, eclipse 2021’s total

With four months left till the end of 2022, the number of crypto, NFT, and metaverse-related trademark applications for the year has already surpassed last year’s figure. According to data shared by trademark attorney Mike Kondoudis on Tuesday, as of August 31, 2022, more than 3,600 trademark applications

By John Williams Sep 7, 2022
Renault explores metaverse automotive experiences through a partnership with The Sandbox

Renault explores metaverse automotive experiences through a partnership with The Sandbox

The Korean subsidiary of car manufacturer Renault has teamed up with The Sandbox to establish its brand presence in the metaverse and to offer Renault-based virtual automotive experiences to customers. According to a Monday announcement, the partnership will provide new ways for customers to experience the French automaker’s vehicles

By John Williams Sep 7, 2022
Michelin star chef Vikas Khanna debuts NFT collection

NFT News

Michelin star chef Vikas Khanna debuts NFT collection

Vikas Khanna, a world-renowned chef and the author of the world’s most expensive cookbook, has teamed up with NFT platform Akshaya on a new cookbook product. Interestingly, the limited-edition product has an NFT twist to it. Dubbed “Sacred Foods of India,” the new book is a blend of both

By John Williams Sep 6, 2022
Bitcoin’s dominance drops to 4-year low as Ethereum takes the spotlight

News

Bitcoin’s dominance drops to 4-year low as Ethereum takes the spotlight

In the build-up to Ethereum’s Merge upgrade, Bitcoin’s dominance has fallen to a four-year low, with the second-largest cryptocurrency by market capitalization taking the center stage. Ethereum’s highly-anticipated Merge event is expected to occur next week. The September event, which is considered a game-changer for Ethereum, is

By John Williams Sep 6, 2022
LG Electronics unveils new NFT platform ‘LG Art Labs’

NFT News

LG Electronics unveils new NFT platform ‘LG Art Labs’

LG Electronics has launched its own NFT marketplace called “LG Art Labs,” making it the second South Korean TV manufacturing giant to do so this year. The electronics titan announced the launch on Twitter on Sunday, noting that the platform will “offer a curated selection of world-class artists integrated seamlessly”

By John Williams Sep 5, 2022
NFT watchdog gets hacked hours after launching its own NFT collection

NFT News

NFT watchdog gets hacked hours after launching its own NFT collection

In a rather ironic turn of events, an NFT company focused on identifying fraud in the Web3 space has fallen victim to a security breach. Rug Pull Finder’s NFT contract was compromised last week, allowing two people to mint 450 NFTs instead of one per wallet. According to a

By John Williams Sep 5, 2022
Bill Murray loses $185k NFT auction fund

NFT News

Bill Murray loses $185k NFT auction fund

Hours after raising funds from an NFT auction, actor Bill Murray suffered a security breach that left the attacker with 119.2 ETH or $185,000. The NFT auction, part of an initiative to raise funds for Chive Charities, ended on August 31. The proceeds from the charity fundraiser were

By John Williams Sep 4, 2022
Hackers attempt to sell stolen passport of Belarusian leader as NFT on OpenSea

NFT News

Hackers attempt to sell stolen passport of Belarusian leader as NFT on OpenSea

An eastern European cybercrime group known as the Belarusian Cyber Partisans has attempted to sell the passport information of its autocratic president Alexander Lukashenko and his close associates as NFTs. The hacktivist group insists that the move is part of a plan to raise funds for a grassroots campaign aimed

By John Williams Sep 2, 2022
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