Sydney-based NFT and gaming startup Immutable has announced that it secured $200 million in a Series C funding round. The round was led by Singapore state investment giant Temasek, with participation from Animoca Brands, Tencent, Mirae Asset, ParaFi Capital, Declaration Partners, and several others. Immutable confirmed the raise on Twitter
Former Ukrainian boxer and two-time heavyweight world champ, Wladimir Klitschko, has launched an NFT collection to support his war-hit homeland. The decorated boxer teamed up with New York-based artist WhIsBe to roll out the collection titled “Vandalz for Ukraine: WhIsBe x Wladimir Klitschko.” The NFTs will be available to mint
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The launch of Bitcoin as the premier cryptocurrency opened up endless opportunities for entry into the market. Thanks to blockchain technology, an array of trends have been launched and are currently offering real value to users. One of these trends experiencing remarkable growth with over $92.3 Billion in total
A tokenized version of the Mickey Mantle baseball card has become one of the priciest sports NFTs ever sold after netting roughly $471,000 in an OpenSea auction last Friday. Despite the current air of uncertainty around the upcoming Major League Baseball (MLB) season, trading card company Topps has continued
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As the world becomes more and more digitized, a strong understanding of Web3 and its potential is increasingly important. With blockchain education, students can learn how to use this emerging technology to create decentralized applications that distribute power, improve transparency, tighten security, and boost capital efficiency. Individuals will be able
More than ever, the decentralized and boundless nature of digital assets is being called to question amid the growing restrictions being slammed on Russian-based traders. Over the weekend, the Monetary Authority of Singapore (MAS) announced that it was imposing sanctions and certain restrictions against Russia following Russia’s invasion of
The US Securities and Exchange Commission (SEC) is looking to expand the scope of its regulatory oversight into the NFT market. Led by the crypto-skeptical Chairman Gary Gensler, the agency is reportedly investigating NFT creators and marketplaces for possible securities violations. According to a Bloomberg report citing anonymous sources, the
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Despite the general market crash, the year began with a bang for NFTs. However, it appears the momentum is beginning to slow down. According to data from CryptoSlam, the number of unique NFT buyers dipped below 800,000 in February, the first time since October. There were 796,009 unique
OpenSea users in Iran will no longer be able to access the services of the leading NFT marketplace, thanks to US sanctions. Although the company is yet to release an official statement regarding the restrictions, a representative of OpenSea reportedly told Decrypt that the users are located in sanctioned territories.
NFTs have emerged as a potent tool for fundraising, one that communities supporting Ukrainian defense and humanitarian ventures are increasingly turning to. On Wednesday, an NFT of the Ukrainian flag was sold to a pool of donors for 2,250 ETH ($6.75m). The sales round was led by UkraineDAO,
Top US insurance broker and wealth management firm IMA Financial Group will be making a foray into the metaverse. According to Justin Jacobs, senior vice president of marketing at IMA, the Denver-based firm’s move into the metaverse was inspired by the quick development of the NFT market. We have
Right-leaning social media app, Parler, has launched a new NFT marketplace called DeepRedSky. Interestingly, the platform will be making its debut with CryptoTrump Club, a set of 250 NFTs of former US President Donald Trump. DeepRedSky will sell Solana-based NFTs and will enable credit card purchases. Interestingly, the NFT platform
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It is a general truth that we live in a world ruled by tech and digitalization. The world today, just as with every other thing in it, has gone through various stages of evolution, and currently, it is safe to say that the advancement in tech and digitalization is its
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COVID-19 has affected the world negatively as a whole. We have witnessed economic meltdowns in practically all enterprises and institutions throughout the world, in addition to poor health effects such as an increase in the number of fatalities and rising pressure on health systems. Most individuals have lost their jobs,
Days after KPMG Canada purchased a World of Women NFT for around $70,000, crypto payments firm MoonPay has jumped on the bandwagon after winning a bid for the coveted NFT at Christie’s on Tuesday. The crypto startup spent a whopping $754,340 on a rare World of Women
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Amid Russia’s ongoing invasion of Ukraine, the potential of NFTs as a fundraising tool is being brought to light. Digital platform Ikonia is tapping on the sales of digital collectibles to raise money for charities in Ukraine to support citizens of the war-torn nation. The Kyiv and Gothenburg-based digital