In a bid to achieve its dream of powering universal ownership and exchange on its platform, decentralized exchange Uniswap has purchased NFT marketplace aggregator Genie for an undisclosed sum. “We’re excited to bring what we’ve learned building DeFi products to NFTs,” Uniswap said in an announcement. The initial
On Tuesday, leading Solana NFT marketplace Magic Eden announced that it had raised $130 million in Series B funding to push its plans of expanding beyond the Solana ecosystem. The funding round, which brought the valuation of the company to $1.6 billion, was co-led by Electric Capital and Greylock,
In a recent policy update, China’s top social media platform WeChat has moved to ban all accounts that provide access to crypto or NFT-related services. According to the new guidelines, all public accounts on its platform involved with the issuance, trading, and financing of crypto and NFTs will henceforth
TreeTrunk, a ConsenSys Mesh Company, is making its ground-breaking debut this week. Tapping on a robust new NFT draft standard, the decentralized NFT platform will now give creators the power to turn their original artwork into ‘trees’ of authorized digital prints. Notably, artists will be able to create and sell
Over the weekend, France’s Groupe La Poste announced that it had chosen the “Binance NFT” marketplace to roll out its first-ever NFT collection. .@GroupeLaPoste arrive sur Binance NFT. Elle a choisi la plateforme @TheBinanceNFT pour propulser sa collection #NFT Par ailleurs, La Poste reversera les fonds à la @CroixRouge.
Eight months after launching the first U.S. Bitcoin futures ETF, ProShares is ready to roll out the first U.S.-listed short Bitcoin futures exchange-traded fund this week. In a Monday announcement, the financial firm said that its new Short Bitcoin Strategy ETF will trade on the New York
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Gagarin Show is the world’s first entertainment show about the universe of cryptocurrencies. With the goal of spreading knowledge about blockchain technology to the public, the YouTube show consistently informs its audience of the vast and crucial changes the future of the new industry entails. The first episode aired
Amid the ravaging crypto market crash, El Salvador's Bitcoin-friendly President Nayib Bukele has taken to Twitter to reassure investors that things may not be as bad as they seem. The price of Bitcoin plunged to an 18-month low, just below $18,000 over the weekend. But Bukele urged
From digital artists to athletes, celebrities, and top brands, the NFT space has continued to attract more players. In particular, the emergence of Web3 and NFTs has infused a new lease of life into entertainment by giving creators an easier way to express their creative instincts. As more celebrities throng
NFT News
Between 2013 and 2017, Russian-born Anna Sorokin posed as a wealthy German heiress under the name Anna Delvey. She managed to scam friends and businesses of hundreds of thousands of dollars before she was arrested, tried, and convicted of “attempted grand larceny, larceny in the second degree, and theft of
NFT News
Swiss luxury watchmaker TAG Heuer has teamed up with key community members of NFT projects like Bored Ape Yacht Club and CLONE-X to create a smartwatch that can connect with crypto wallets and display NFTs. According to an announcement from the company, the TAG Heuer Connected Calibre E4 will allow
NFT News
Following the recent launch of a new feature to help prevent NFT scams on its platform, OpenSea is now moving to tackle the issue of high gas fees. The leading NFT marketplace announced that it is migrating its operations to a new protocol called Seaport. The “Seaport Protocol” is a
In the face of the growing number of scams plaguing the NFT industry, NFT marketplace OpenSea has launched a new feature to prevent future NFT scams, fraud, and hacks on its platform. According to a Monday blog post, the new feature will automatically conceal suspicious NFT transactions from the general
Metaverse
Earlier this month, DEIP, an ecosystem that connects Web3 with the creator economy, officially launched its DEIP Metaverse City. The metaverse has been touted as the next trillion-dollar industry, with analysts predicting that the market could reach $13 trillion by 2030. It, therefore, comes as no surprise that there has
NFT News
The consistent expansion of the crypto market has caused a simultaneous rise in non-fungible tokens, with the NFT market reaching another milestone in the U.S. According to the data and chart published by trademark and patent attorney Michael Kondoudis on Monday, the number of NFT-related trademarks applied for in
With the prices of several cryptocurrencies plummeting, many fear that NFTs could be next. And true to those fears, the prices of a handful of top NFT collections are dropping along with Bitcoin and the rest of the crypto market, with the entry price for some collections dropping by more