The price of MetaKongz, a South Korean NFT project, has tanked by over 17% on the OpenSea NFT marketplace amid several in-house problems such as alleged mismanagement of project funds and hacking. According to data on the NFT trading platform, the average price of MetaKongs over the past seven days
Bitcoin and Ethereum staged a slight comeback over the past month, surging by an average of 18% in an impressive July rally. While the two large-cap assets recorded a slight dip at the beginning of August, data suggests that crypto traders are still very much bullish. According to data published
Along with the general crypto market, NFT sales have taken a massive hit in the face of the ongoing crypto winter. According to data from NFT aggregation site CryptoSlam, July’s secondary NFT market sales fell to $650 million, a 25% drop from June figures. This is the second month
Legendary rock band Muse has announced that it will be releasing its upcoming album, "Will of the People," as a limited-edition NFT on the Polygon-powered platform Serenade. The NFT version of the band’s ninth studio album will be released on August 26. It is set to be
With a handful of regions making metaverse plays at a national level, the government of Southeast Asia’s largest economy has asked the state carrier to create a metaverse to support local firms. In a bid to promote local firms that compete with foreign services and take back control from
Cryptocurrency exchange KuCoin has launched an exchange-traded fund (ETF) tied to blue chip NFT assets like CryptoPunks and Bored Ape Yacht Club (BAYC). In a Friday announcement, the Seychelles-headquartered company said that the new product offering “aims to improve the liquidity of NFT assets and lower the investment threshold of
Luxury jeweler Tiffany & Co is set to launch its first set of non-fungible tokens (NFTs), a series of CryptoPunks NFTs-themed gold and gem-encrusted pendants. Dubbed NFTiffs, the NFT-backed product features 250 digital passes that can be “minted when purchased and redeemed by CryptoPunks holders for the creation of a
Metaverse
Mark Zuckerberg’s Meta is heavily investing in the metaverse. However, Ethereum’s creator thinks the company’s attempt will “misfire.” In a Twitter thread on Sunday, Ethereum’s creator Vitalik Buterin aired his views on the future of the metaverse. According to him, the current metaverse plays by corporate
The city of Miami is launching a new NFT initiative to drive revenue to small businesses and non-profits through exclusive reward offerings. Miami City mayor Francis X Suarez disclosed the city’s plan to launch 5000 Ethereum NFTs in partnership with Time Magazine, Mastercard, and Salesforce. According to a city
In a rather interesting use case of NFTs, England’s League Two side Crawley Town has signed a midfielder after fans and NFT holders voted on what position they wanted the team to strengthen. The team decided to give its fans a voice for the first time in the June
Gary Vaynerchuk’s NFT universe is set to take flight after raising $50 million in a seed round led by venture capital firm Andreessen Horowitz (a16z). Gary Vaynerchuk, popularly known as Gary Vee, launched VeeFriends in May 2021. He intends to use the seed capital to expand the NFT’s
Prizefighter, a movie starring Russell Crowe, is making its debut. The interesting part is that the biopic was partially funded by the sales of non-fungible tokens (NFTs). According to a report by Yahoo News, the British-American film tells the story of legendary bare-knuckle boxer Jim Belcher. It was partially funded
The Federal Trade Commission (FTC) has filed an injunction to prevent social media giant Meta from buying VR studio “Within,” best known for its subscription VR workout app Supernatural. The FTC insists that Meta is “already a key player at each level of the virtual reality sector” with Oculus Quest,
Following the initial success of its first NFT collection, the Dubai Police is gearing up for a second collection. The law enforcement agency announced that it would launch the next collection at the 2022 edition of The Gulf Information Technology Expo (GITEX). Dubai Police became the first government entity in
Ethereum lead developer Tim Beiko has announced the final details for the network’s last dress rehearsal ahead of the final testing phase of the Merge. The latest proof-of-stake testnet transition will be on the Goerli testnet. According to the July 27 announcement, Prater, the Goerli version of the Beacon
NFT News
2021 was undoubtedly the year of NFTs, with the likes of Beeple bringing the spotlight to the industry after selling a collection of digital art pieces for $69.3 million. Throughout the summer of 2021, global interest in NFTs was at its peak. However, a year later and trading volume