With Ethereum’s highly-anticipated Merge event drawing closer, several players in the crypto space have started taking sides. While some have pledged their support for a proof-of-work-based Ethereum network, others like OpenSea have stepped forward to say they would not support forked NFTs. The leading NFT marketplace confirmed its support
The crypto arm of Andreessen Horowitz's a16z thinks that NFTs have a licensing problem, and it has the solution. The venture capital firm is looking to establish some industry standards for how NFTs can be used through an array of free licensing options. On Wednesday, the firm released
Ticketing industry giant Ticketmaster is entering the NFT space following a six-month pilot program. The company is set to issue NFT tickets for live events through the Flow blockchain. According to a Wednesday press release, event organizers using Ticketmaster’s service can now issue NFTs before, during, and after live
Venture capital firm a16z has led a $50 million Series A funding round for NFT organization Proof Collective, a private group of 1000 dedicated NFT collectors and artists. The funding round saw participation from others like VaynerFund, Collab+Currency, Flamingo DAO, Seven Seven Six, and SV Angel. While this is
Cryptocurrency custody firm Fireblocks has added support for Solana-based NFTs, DeFi applications, and gaming apps, a move that would allow its users to connect and directly interact with decentralized applications built on Solana. “Fireblocks’ Web3 Engine offers Solana builders the highest level of security when it comes to accessing the
Although August has been a tumultuous month for the NFT market, Yuga Labs’ Otherdeed NFTs have enjoyed a record-breaking sales volume, surpassing other well-established projects such as Azuki, CloneX, Moonbirds, VeeFriends, Doodles, and Meebits. According to data from NFT aggregator CryptoSlam, Otherdeed has generated approximately $1.035 billion in all-time
On Tuesday, OpenSea announced that it would be integrating layer two scaling solution Polygon into its Seaport Protocol implementation. After several months of observing Seaport’s impact and collecting valuable feedback, we’re excited to introduce Polygon support, […] In the coming months, we will be adding support for Klaytn and
NFT News
One of South Korea’s biggest telecoms companies, LGU+, is looking to bolster its presence in the crypto and blockchain scene by issuing a new batch of non-fungible tokens (NFTs) next month. According to Money Today and Chosun Ilbo, the firm, which is a unit of the LG conglomerate, will
NFT integration is coming to Facebook. Less than a month after expanding its NFT functionality on Instagram to 100 more countries, Meta has announced that Facebook will now support NFTs. According to an updated statement from the social media giant, its estimated 2.9 billion users will now be able
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Back in the day, indulging in the crypto industry, and trading cryptocurrency in particular, used to be the prerogative of the intellectual elite – people who got a good grip on how blockchain works. Who would have thought that trading via crypto exchanges would become a piece of cake today? Nonetheless,
The all-time sales volume of the popular Bored Ape Yacht Club NFT collection has now surpassed CryptoPunks, making it the second-largest NFT collection in the world. Launched in April 2021 by Yuga Labs, Bored Ape Yacht Club (BAYC) has grown to become one of the most sought-after NFT collections. The
On Sunday, Snoop Dogg and Eminem dropped their “first of its kind” performance of “From the D 2 The LBC” at the 2022 MTV Video Music Awards (VMAs). Although lauded as a hit by some fans, there were others that were left confused by the metaverse performance. As earlier reported
Antpool, a leading cryptocurrency mining pool affiliated with Bitmain, has disclosed its plans to end support for Ethereum accounts after the Merge upgrade is implemented. Over the weekend, the Bitcoin mining pool told miners that it would no longer manage Ethereum assets after the Merge. As a result, customers have
Chinese NFT marketplace iBox is shutting down its operations outside the country. The company, which has been selling NFTs in USDT, did not give any reason for the suspension of its foreign operations. However, plans are on the way to refund users beginning in September. All forms of cryptocurrency trading
The Japanese arm of Hong Kong blockchain investment firm, Animoca Brands, revealed on Friday that it had raised $45 million to ramp up its NFT ambition. Animoca Brands KK, as the unit is called, raised the funds from the world's second-largest financial group Mitsubishi UFJ financial group (MUFG)
NFT News
According to a social media post from Uniswap's head of NFT product, Scott Lewis, Uniswap has engaged in talks with multiple non-fungible tokens (NFTs) lending protocols to bring about NFT financialization. Lewis highlights the company’s interest in combating two major issues plaguing the NFT space. uniswap is