Metaverse
Over the weekend, Yuga Labs sold 55,000 NFTs tied to its upcoming Otherside metaverse. The highly-anticipated mint generated nearly $320 million for the company, but that was not all. High demand for the NFTs clogged the Ethereum mainnet and sent gas prices to shocking heights. Moreover, Yuga Labs raked
Years after trash-talking Bitcoin and calling it “rat poison,” Warren Buffett appears to be finally coming around. However, the billionaire is not stoked by the performance of the world’s most populous cryptocurrency. Speaking during a Berkshire Hathaway Annual Shareholder meeting last Saturday, Buffett said that Bitcoin has “got a
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Stablecoins have maintained a strong growth momentum against the occasionally frustrating crypto market. Recently, the TUSD-TRX pool on the decentralized trading platform SunSwap has yielded up to 12%, and the vault of TUSD achieved an APY of as high as 11.2% on the decentralized yield optimizer Beefy Finance (BNB)
NFT News
In a blog post on Friday morning, Yuga Labs announced that it was ditching its Dutch-style auction for the upcoming NFTs of its Otherside metaverse. A few days ago, Otherside tweeted that it would adopt a Dutch auction for the mint. In this type of auction, the auctioneer begins with
Last year, Coinbase announced its plans to launch an NFT marketplace, with subsequent announcements that the platform will support Mastercard purchases. The long-awaited NFT platform finally went live last Wednesday. However, the trading platform saw just 73 ETH in sale volume in its first week. On April 20, Coinbase announced
Back in February Grammy Award-winning musician John Legend, alongside other notable names, co-founded Our Happy Company, with its first product being OurSong. The new company has now raised $7.5 million in seed funding to continue developing new features for its NFT music platform. The seed round was led by
The long arm of the law has finally caught up with a 26-year-old man who allegedly defrauded nine investors of 210 million KRW (US$165,798) in an NFT scam. The unnamed suspect reportedly uploaded 10,000 CatSle NFTs to the OpenSea NFT marketplace in November 2021, promising investors that
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Goons of Balatroon (GOB), a 2D and 3D hybrid metaverse incorporating NFTs on ETH, Immutable X and the Elysium blockchain, has raised $2.46 million in a seed and private funding round led by Merit Circle and Jun Capital. Funding a “Fun, Rebellious, and Humorous” Trading Card Game Metaverse In
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Over a decade ago, Satoshi Nakamoto deployed blockchain to develop the premier crypto, Bitcoin. Described as a decentralized distributed ledger that stores information in a secure, permanent, and immutable manner, blockchain has evolved since 2008 and has been used to create various other projects like Ethereum. Unlike Bitcoin, Ethereum incorporated
As the NFT mania continues to spread like wildfire, a handful of state departments in China are beginning to embrace digital collectibles. Tax bureaus in Shanghai and Chengdu are on Tencent’s blockchain to release NFTs. While Chengdu’s tax office released 1,000 NFTs on Tuesday in commemoration of
Although Ethereum has continued to dominate the NFT scenes, Solana is quickly becoming a worthy rival as new projects attract fresh capital to the rising rival. Interestingly, a new Solana NFT project has smashed previous records, generating more trading volume than its Ethereum counterparts. Okay Bears, a collection of 10,
Much to the dismay of many members of the NFT community, one of the core team members behind the NFT project Moonbirds has launched out to start his own NFT-focused fund. Moonbirds, an NFT collection of 10,000 owl avatars, instantly became a hit in the NFT community. Launched on
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A new memecoin has entered the market, paying tribute to a true legend of crypto. PumpIT is a community-focused cryptocurrency and launchpad inspired by TV personality, crypto investor and one of the most charismatic twins in the world, Grichka Bogdanoff. Memecoins are cryptocurrencies which make reference to internet memes and
The National Football League (NFL) has once again dabbled into the world of NFTs. This time around, the league is marking the 2022 NFL Draft with a new NFT collection. The event, which is scheduled to happen later this week from April 28-30, will feature card-themed digital collectibles inspired by
On Monday, the official Instagram account of the popular Bored Ape Yacht Club (BAYC) NFT collection was compromised. A malicious link was shared in the channel, and users who fell for the scam had their NFTs stolen. 🚨There is no mint going on today. It looks like BAYC Instagram was
The future of a rather hyped NFT project is currently shaky following a smart contract bug that has left the team with $34 million of inaccessible funds. Akutars, a highly anticipated NFT project that was scheduled to launch over the weekend. The 3D avatar project is based on Aku, an