Damien Hirst’s “The Currency NFT” burn ended yesterday. The initiative gave holders the choice to either keep their digital collectibles or burn the NFTs in exchange for a corresponding original artwork from the artist. The result shows that slightly more owners were interested in receiving the art in physical
On Wednesday, nonfungible token (NFT) domains platform Unstoppable Domains raised $65 million in a Series A funding round that valued the company at $1 billion. The round was led by Pantera Capital, with participation from others like Alchemy Ventures, Broadhaven, CoinDCX, CoinGecko, Mayfield, Polygon, and several others. According to the
In a bid to explain the metaverse concept to everyday folks, Meta has launched a new video series called “Are we there yet?” American actress and TV personality Keke Palmer will feature as the host of the “metaverse 101” show, which has been described as part Bill Nye the Science
Days after showing signs of recovery, it appears the bears have once again taken hold of the crypto market. Bitcoin and other top cryptocurrencies are currently posting losses, erasing the gains from a week ago. As reported by BTC PEERS, Bitcoin recorded an impressive 23.55% increase in the week
According to a report from global market research firm Technavio, the market for real estate in the metaverse is expected to grow by $5.37 billion between 2021 and 2026. Technavio, in its report, predicts that the market will increase at a compound annual growth rate of 61.74 percent
To address the shortage of skilled Japanese personnel active in the tech industry, the University of Tokyo is looking to offer a range of study programs in the metaverse before the end of the year. According to a report published by a local news outlet on Saturday, the courses will
Over the weekend, Sumitomo Mitsui Financial Group (SMBC Group), announced its plans to collaborate with blockchain startup HashPort on non-fungible token (NFT) and Web3 projects, including promoting Web3 in Japan. The group, which runs one of Japan’s largest banks, said it will be working with HashPort on what it
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Ilya Borisov, an NFT artist who earned €8.7 million from selling digital art, is currently in a legal tussle with the Latvian government after authorities froze his account over allegations of money laundering. If found guilty, the artist could spend up to 12 years in jail. During the bloom
Spanish football giant FC Barcelona is entering the NFT space. Its first-ever NFT collection is a digital audiovisual artwork that recreates the moment when club legend Johan Cryuff scored an acrobatic goal against Atletico Madrid in December 1973. Dubbed "In a Way, Immortal," the one-on-one animated edition NFT
Jose Cuervo, one of the best-selling tequila brands, is entering the metaverse with the first tequila distillery in the virtual world. Schedule to make its debut in Decentraland on Sunday, July 24, the launch coincides with National Tequila Day. According to an official statement from the company, the virtual space
Reid Hoffman, the co-founder of business networking platform LinkedIn, has launched a collection of Solana NFTs created by OpenAI's DALL-E 2 artificial intelligence software. The billionaire tech entrepreneur took to Twitter on Thursday to announce the initiative, revealing that he would auction the first piece from the collection
Following Mojang Studio’s ban on NFT integrations on Wednesday, Epic Games has stepped forward to pledge its support for the industry. Responding to Mojang’s decision, Epic Games founder and CEO Tim Sweeney has said that his firm “definitely won’t” ban nonfungible tokens (NFTs) as devs “should be
On Wednesday, Microsoft-owned Mojang Studios announced that it would prohibit nonfungible tokens (NFTs) and other blockchain-related technology from its popular Minecraft game. "NFTs can create models of scarcity and exclusion that conflict with our Guidelines and the spirit of Minecraft," the gaming company said in its statement. According
8-time Olympic gold medalist and 11-time world champion, Usain Bolt, has joined the Fitfi team as its brand ambassador. Fitfi is a platform that pioneered the gamified metaverse for the fitness economy. It is officially launching the private beta version of its Step App in partnership with Bolt, who is
Following its recent exploit, which led to the loss of over 350 NFTs, Premint has announced that it plans to compensate users that were affected by the hack. Brendan Mulligan, CEO of the NFT registration platform, made the disclosure in a live-streamed incident update released on Wednesday. He also revealed
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In the face of the ongoing crypto winter, Elon Musk’s electric car company, Tesla, has dumped a large percentage of its Bitcoin holdings. The company has converted approximately 75% of its Bitcoin into fiat currency. In February 2021, a SEC filing revealed that Musk’s Tesla had invested a