In light of Magic Eden’s offer to build an NFT platform specifically for Apecoin holders, NFT marketplace Rarible has submitted a similar proposal to create a bespoke platform for the ApeCoin DAO. Rarible submitted its own proposal on Wednesday, offering to build the NFT marketplace for free. The offer
Despite the ongoing rout in the NFT and general crypto markets, a Bored Ape Yacht Club enthusiast has splashed a whopping $1.5 million on an Ape. The pseudonym collector Vis.eth describes himself as an investor on his Twitter bio, and on Tuesday night, he added Bored Ape #5383
Phantom, a leading Solana-based wallet, has introduced new security features aimed at limiting spamming activities on its platform. The new mechanism, called “Burn NFTs,” will allow users to remove spam NFTs and malicious links sent by potential hackers. The move is expected to curb NFT theft, which has become quite
Collective NFT ownership platform Fractional recently closed a $20 million Series A round and has changed its name to Tessera. The company announced the name change, alongside the $20 million fundraising round on Wednesday. The round was led by Paradigm, with participation from Uniswap Labs Ventures, Focus Labs, Yunt Capital,
On Wednesday, the Australian Football League (AFL) released its first set of limited-edition NFTs. The launch received a warm welcome despite the ongoing crypto slumber, selling out in less than 12 hours. The AFL unveiled “Ripper Skipper 2022” through its AFL mint initiative, granting those on its “allowlist” access to
Hell’s Kitchen, Gordon Ramsey’s award-winning reality show, is entering the metaverse following a partnership with The Sandbox. It’s time to spice up the metaverse! 🔪 Welcome to #HellsKitchen! 🔥 The hit cooking competition is opening up a virtual restaurant and chef-themed game experience inside The Sandbox! 👉 https://t.co/
According to a new report from blockchain intelligence firm Chainalysis, the volume of illicit activity involving cryptocurrencies has declined by 15% this year. Chainalysis, in its “Mid-year Crypto Crime Update” report, explained that the total revenue for crypto scams in 2022 currently sits at $1.6 billion, 65% lower than
Metaverse
On Tuesday, Wiztales announced the launch of its virtual world called Altyug, allegedly India’s first e-commerce and events metaverse. The virtual event platform will facilitate virtual experiences such as 2D hyper-casual gaming, intuitive interactions, and shopping on its new metaverse. In addition to catering to customers who wish to
Months after purchasing the CryptoPunks and Meebits NFT collections, Yuga Labs announced on Monday that it was releasing the much-anticipated intellectual property (IP) licensing agreement. The licensing agreement gives holders of both collections full commercialization rights to create projects and products based on their NFTs, a privilege already enjoyed by
On Tuesday, Chinese internet giant Tencent Holdings disclosed that its non-fungible token (NFT) platform Huanhe will no longer be releasing digital collectibles. The move to halt operations comes barely a year after its launch, with the firm citing the increasing scrutiny it had endured as the main reason for the
Amid the growing popularity of NFT gaming, Polygon’s vice president of global business development for gaming, Urvit Goel, has argued that traditional games are beginning to lose their edge to NFT-integrated games. Speaking to crypto news site Cointelegraph in Seoul last week, Goel highlighted Polygon’s foray into NFT
Despite being an avid supporter of the crypto industry, billionaire entrepreneur Mark Cuban has voiced his disapproval of the metaverse land frenzy. According to him, people who are dabbling into virtual real estate are “super meta immaculately dumb.” Speaking at an interview with Altcoin Daily, Cuban criticized the burgeoning market
Ethereum’s long-awaited transition to Proof-of-Stake (PoS) consensus, known as “the Merge” could happen a few days ahead of schedule, Ethereum educator and cybersecurity professional Anthony Sassano revealed. In a Thursday tweet, Sassano said “the Merge is coming,” noting that the information was from a core developer consensus layer call.
Anton Wahrstätter, an Ethereum researcher, has come up with a new proposal for an ERC-721 extension that would incorporate “stealth” addresses to hide public blockchain transactions relating to non-fungible tokens (NFTs). The idea was inspired by Vitalik Buterin’s conceptualization of non-transferrable Soulbound tokens. Wahrstätter’s proposal recommends the use
It’s a no-brainer, asset theft has grown to become one of the biggest problems in the NFT space, and given its position as the largest marketplace for NFT transactions, OpenSea has often come under fire for its actions and policies. In a recent Twitter thread, OpenSea clarified its stance
News
Ahead of the highly-anticipated Merge upgrade scheduled for next month, Ethereum has conducted its third and final testnet on the Goerli testnet. And there we go! Goerli has merged 🐼 🥳 Shout out to all client teams, contributors and the whole #Ethereum ecosystem - what a moment to share with you all!