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
Spending a huge amount on a hyped NFT project is no guarantee that the team would deliver. Many investors are having to swallow this bitter pill as a $10,000 NFT project became the laughing stock of Crypto Twitter over the weekend. Last month, an NFT project called Pixelmon raised
Italian luxury brand Dolce & Gabbana (D&G) is expanding its NFT collection into Polygon following a deal with NFT marketplace UNXD. Dubbed “DGFamily NFT community,” the initiative will tap on the UNXD platform as its gateway to give users access to an exclusive product line via an entry
NFT News
Web 3.0 Is already changing the way we perceive e-commerce, but there are more dramatic changes flickering on the horizon. With commercial projects gaining traction through innovations within digital technologies, there are no limits to sudden fluctuations in different markets. These days, most of the innovations are somehow connected
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Cryptocurrencies have stood the test of time when it comes to their utility as a store of value during times of geopolitical unrest. The conflict between Ukraine and Russia highlights the limits of our financial system as it exists today, and the blockchain could help investors in affected regions protect
KPMG Canada has purchased a World of Women (WoW) Ethereum NFT for 25 ETH weeks after adding Bitcoin and Ethereum to its balance sheet. The Canadian outpost of the global accounting firm announced the purchase last week, noting that “NFTs unlock a new channel for organizations to engage with their
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Japanese e-commerce giant Rakuten has jumped into the NFT space with the launch of a marketplace for digital collectibles. In a press release on Friday, the company disclosed that its NFT platform would focus on sports and entertainment NFTs, including those based on Japanese mangas, TV shows, and music. Rakuten
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The popularity of fantasy sports continues to grow as fans keep increasing tremendously. According to reports on Gammastack, the fantasy sports industry is projected to grow at a compound annual growth rate (CAGR) of 12% till the end of 2022. Also, according to the ExpertMarketResearch, the industry was valued at
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Per a recent press release, Relictum, the digital world of applications, has announced the launch of its node app for IOS. With this new development, IOS users can now install and deploy the Relictum node app on their respective devices. Not surprisingly, the node app for IOS is not different
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According to a report in Reuters, NFT sales hit a record $25 billion in 2021, from $94.9 million the previous year. With the rising popularity of non-fungible tokens and their increasing market value, many projects have sprung up with varying promises and potentials. Collectors are always on the lookout
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Decentralized leveraged trading platform, WOWswap is celebrating the first anniversary of the launch of its native $WOW token. On February 25, 2021, $WOW launched through a record-breaking public token sale, kicking off a new economy on the WOWswap platform. The public sale maximum cap was oversubscribed by over 25x, with
As the world of digital collectibles continues to boom, Axie Infinity, one of the leading names in the crypto-based play-to-earn universe, has become the first NFT collection to hit the $4 billion mark. According to data from CryptoSlam, Axie Infinity crossed the benchmark on Tuesday morning. Launched in 2018, Axie
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TRON DAO and BitTorrent Chain (BTTC) kicked off a Superbowl-style event for blockchain developers worldwide: the TRON Grand Hackathon 2022 with its first-ever, Reddit-designed TRONDAO Forum. Submissions are from February 14 to March 7. All new entrepreneurs, engineers, and designers are encouraged to participate in the rise of Web 3.
A former owner of a rare Bored Ape NFT has filed a lawsuit against OpenSea after a listing bug saw the NFT sell on the platform for just $26. The Texas man named Timothy McKimmy is asking for $1 million in damages or the return of his highly-prized Bored Ape.
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The cryptocurrency world has seen a shift in the investment of assets, following the explosive growth of the market - to a $3 trillion industry. Since the initial coin offerings (ICOs) in 2017, the market has chosen new winning strategies - decentralized finance, or DeFi, rocked the industry in 2019
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The Metaverse is a metamorphosis in itself; it is the talk of the town today and stands to impact the environment. All said and done, what exactly is the Metaverse? How did it come into being, and where is it headed? For some, it is an ecosystem for virtual reality.