An Ethereum NFT whale who placed a joke bid of 100 ETH on an ENS name has gotten more than he bargained for. The bid of over $150,000 was accepted before he could cancel it. Ethereum Name Service (ENS) has grown to be quite a popular niche in the
In April, OpenSea officially enabled support for Solana-based NFTs. The leading NFT marketplace is doubling down on that decision and moving deeper into the Solana ecosystem. Earlier this week, OpenSea unveiled its Solana launchpad, which will allow Solana-based creators to host new mints on its platform. The launchpad is part
Over the weekend, the United States Office of Government Ethics (OGE) issued a legal advisory requiring senior government officials to reveal their investments in non-fungible tokens (NFT). Emory Arthur Rounds III, an American attorney and current Director of the US-OGE, stated in the legal advisory presented to the agency officials
On Tuesday, Facebook proprietor Meta Platforms Inc. was slammed with a trademark lawsuit in Manhattan federal court by MetaX LLC for allegedly copying its moniker for its transition to the metaverse. MetaX LLC, a New York-based company that creates immersive virtual-reality experiences, told the court it has been crushed by
For several months, Bitcoin and the rest of the crypto market have struggled with negative price actions. Bitcoin, in particular, had been trading below a descending resistance line since the beginning of April, eventually falling to a long-term low of $17,622 on June 18. However, the flagship cryptocurrency has
In the face of strict government policies regarding NFT trading, Tencent has moved to shut down one of its NFT marketplaces. Tencent News’ NFT marketplace was launched in January. However, the platform has been struggling with low patronage due to the hard stance of the Chinese government towards the NFT
The Crown Prince of Dubai and Chairman of the Dubai Executive Council, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum announced an integrated plan for a Dubai metaverse strategy on Monday. Sheikh Hamdan revealed in a tweet that the objective of the metaverse strategy is to support 40,
Legendary American skateboarder Tony Hawk has teamed up with decentralized gaming platform "The Sandbox" alongside high-profile NFT company "Autograph" to launch the world’s biggest virtual skatepark. Coming soon to The Sandbox: alongside @Autograph, I’m helping to create the biggest skatepark in the #metaverse. Stay
Over the weekend, popular NFT platform Premint became the latest victim of a security breach, leading to the loss of over 300 NFTs, including collectibles from Bored Ape Yacht Club, Otherside, and Goblintown. According to available information, the attacker was able to swindle unsuspecting users after adding a malicious JS
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With a whopping sum of $8 billion lent out, $12 billion in assets under management, and over 1.7 million users, Celsius, one of the leaders of the nascent crypto lending market, in an announcement dated June 13, 2022, paused all forms of withdrawals, transfers, and swaps on the platform.
While many crypto traders and NFT holders are cutting their losses and converting their assets into stablecoins and fiat, some big spenders appear not to move by the current crypto winter. Over the past week, two investors splashed a whopping $2.5 million on a bottle of champagne. Coming from
South Korean automaker Hyundai Motor has launched an NFT membership program for its new electric vehicle (EV) IONIQ 6. The “IONIQ Citizenship” NFT membership promises exclusive access to “digital spaces, special digital content, and physical items” tied to IONIQ 6. According to a Monday press release from the company, owners
In a rather interesting legal precedent to serving lawsuits, a UK court has ruled that individuals and entities can now be served a legal proceeding via NFTs, meaning you can sue someone through the blockchain. Last month, a UK court granted Giambrone & Partners the permission to serve legal documents
The general NFT market may be experiencing some downtime, but this has not stopped collectors from accumulating highly-priced digital collectibles. In what has been described as the fifth largest CryptoPunk sale since the collection made its debut in 2017, a pseudonym collector has splashed 2,500 ETH on a rare
Earlier this week, SM Entertainment (SM) announced the launch of a new metaverse subsidiary. The entertainment powerhouse is establishing Studio Kwangya, a company that will focus on producing metaverse content and other works related to VR and VFX production. SM’s new metaverse arm has already teamed up with the
According to a Wednesday announcement, the National Football League (NFL) is looking to expand its NFT ticket stub initiative to as many as 100 live games in the 2022 season. In an experimental rollout last season, the NFT issued commemorative NFTs to attendees of select live games. Similar to last