Days after announcing its multichain expansion into the Ethereum ecosystem, Solana’s crypto unicorn Magic Eden has begun targeting Ethereum-native NFT projects, and first on its list appears to be Yuga Labs’ Bored Ape Yacht Club and Mutant Ape Yacht Club. The leading NFT marketplace has submitted a proposal to
Pinata, an NFT-centric media management firm, has secured a total of $21.5 million in venture capital. A spokesperson for the four-year-old company confirmed that the company recently closed an $18 million Series A round co-led by Silicon Valley venture capital firm Greylock Partners and crypto-native investor Pantera. This is
Nas Academy, an education technology platform created by Israeli YouTuber Nuseir Yassin, will be launching a bundle of courses that can be unlocked by holders of specific non-fungible tokens (NFTs). The initiative, which is being launched in collaboration with the e-learning platform Invisible College, allow NFT holders of the Decentraliens
Popular crypto sleuth ZachXBT has exposed the activities of two prolific NFT thieves who may have swindled collectors of over $2.5 million worth of NFTs since December 2021. Following the trail of multiple NFT thefts in 2021, ZachXBT discovered the two Paris-based young men have been behind a number
NFT minting platform Fair.xyz has raised $4.5 million in a funding round led by venture capital firm Eden Block. Other participants in the round include leading NFT marketplace OpenSea, in addition to NFX and First Minute Capital. Fair.xyz played a crucial role in helping the Ukrainian government
In a space where celebrity endorsement could push an NFT project to sell out, consumer watchdog group Truth in Advertising (TINA) has called on celebrities to disclose their NFT connections. The group revealed in a Monday notice that it had sent letters to several high-profile celebrities who promote NFTs on
Amid agitation from some quarters to retain Ethereum’s current PoW algorithm, the network’s co-founder Vitalik Buterin has downplayed the potential effect of any hard forks on the cryptocurrency. Speaking at ETHSeoul over the weekend, Buterin said, “I don’t expect Ethereum to really be significantly harmed by another
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The world of crypto investment has long been plagued with uncertainty and volatility, acting as a deterrent for many users. It has turned hundreds of thousands, if not millions, of potential investors away from the market. Besides the uncertainty and volatility, another factor that affected the scheme of things was
With Ethereum’s highly anticipated Merge upgrade fast approaching, which will see the network transition from its current Proof-of-Work (PoW) validation algorithm to Proof-of-Stake (PoS) consensus, Chainlink Labs has announced that its protocol will not support any forked versions of Ethereum. In a Monday post, the team detailed its future
On Monday, Bitcoin recorded a slight increase in price to trade above $24,000 for the first time since June 13. According to data from TradingView on Binance, the flagship cryptocurrency broke the $24,000 mark at around 8:30 am UTC on August 8. As of press time, Bitcoin
Luxury jeweler Tiffany & Co. has made a rather lavish entrance into the NFT space after its collection of 250 CryptoPunks-themed collectibles sold out in less than an hour. Dubbed “NFTiffs,” the limited edition Ethereum-based digital collectibles were priced at 30 ETH (around $50,000 at today’s prices) each.
Months after testing out NFTs with a small group of U.S. users, Meta-owned Instagram has announced that its NFT feature will now be available in 100 more countries. The digital collectibles functionality will be available across 100 countries in the Americas, Africa, Asia Pacific, and the Middle East. The
In a Tuesday letter to shareholders, Tinder’s parent company Match Group announced that it was backtracking on its earlier plans to venture into the Web3 space. Although Match Group's chief executive officer Bernard Kim expressed his conviction that a “metaverse dating experience is important to capture the
According to research data recently released by pro-consumer website Comparitech, NFT thefts are becoming more frequent and quite lucrative, with 2022 accounting for the majority of the exploits. Comparitech has been monitoring NFT thefts ever since the industry recorded its first case of theft as far back as 2020. Since
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According to a report by Emergen Research, the Web 3 market hit $3.2 billion in 2021 and is projected to hit a whopping $81.5 billion by 2030. The growing potential of the Web 3 market has attracted the attention of VCs in the blockchain space. A report by
NFT News
Recently valued at $1.6 billion, Solana’s crypto unicorn Magic Eden is beginning its multi-chain expansion with Ethereum. On Tuesday, the company confirmed that Ethereum was the first blockchain addition to its multi-chain plan. Ethereum is by far the largest NFT market by trading volume, hosting a vast majority