With the likes of Instagram and Twitter already in on the NFT frenzy, a Russian social media giant is set to join the buzzing world of digital collectibles. Vkontakte, Russia’s largest social media network, has announced its plans to incorporate NFTs and blockchain tech in its operations. According to
Over the weekend, the NFT community was set ablaze following reports that NFT marketplace OpenSea was hit by a major phishing attack. While earlier reports claimed that the attacker carted away with over $200 million, OpenSea has stepped forward to clarify that only 17 users were affected and the net
NFT News
The value of digital art raises a lot of questions for today's world. Actually, the value of anything is controversial for many reasons. But NFTs especially. The NFT industry today is exploding. Even Paris Hilton showed off her new bored ape on fellow BAYC member, Jimmy Fallon’s
Iconic fashion house Gucci has bought a virtual land in The Sandbox and will begin building a world on the metaverse platform. Gucci made the announcement on Twitter and on Discord group with 73,000 members. Crafting the future, pixel by pixel. Vault is building its own virtual world on
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In just a few years, blockchain—the underlying technology of Bitcoin and cryptocurrencies—has risen from comparable insignificance into a mainstream topic. Recognizing the immense benefits of this distributed ledger and how it can disrupt existing systems, government leaders have joined a ton of working groups to share use cases
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One of the most important things a business can offer is trust. Nowadays, with Google making it easy for people to do their own research, building trust is more challenging than ever. Good companies can easily be labeled scams by unscrupulous marketers with undeclared conflicts of interest. Even companies with
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Per a recent press release, MicroPets, one of the famous crypto projects on Binance Smart Chain [BSC], has revamped its existing reward system. With the overhaul done, MicroPets recorded a massive surge—a 100% price rise. Since its inception, MicroPets has given out over $10.5 million worth of $PETS—
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A recent report by Tecknavio estimates that the blockchain gaming market will grow by $125.65 billion between 2021-2025. Also, the number of 'active' blockchain games doubled in the past year. Now, given the widespread adoption of decentralized finance, this comes as no surprise. This industry continues to
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PayPal has revised its merchant-focused vendor protection program to exclude NFT transactions that run above $10,000. Based on the changes introduced to the guidelines on February 11, the policy will become effective from March 21. The update emphasized “revising PayPal’s Seller Protection program to expand the list of
In a rather unexpected move, the New York Stock Exchange (NYSE) has filed an application with the US Patent and Trademark Office (USPTO) to build its own NFT marketplace. The trademark application suggests that the exchange is looking to provide an online marketplace for various digital goods including NFTs, cryptocurrencies,
Solanalysis is expanding its operations within the Solana ecosystem. The Solana-centric NFT data site has rebranded to Hyperspace, purchasing a new domain – Hyperspace.xyz). Plans are also on the way to build an NFT marketplace aggregator. Solanalysis began its operations tracking top NFT collections deployed on the Solana blockchain. However,
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Much to the delight of punters, online gaming platforms often quickly embrace emerging technologies to enhance user experience. It is necessary, especially for an industry that grossed over $180 billion by the close of 2021. However, with the dawn of the metaverse and Web3, gamers are demanding a more level
Although tax reporting requirements for NFTs and cryptocurrencies have remained a murky and gray area, UK tax authorities are moving to close the gap. HM Revenue and Customs (HMRC), the chief tax authority in the United Kingdom, has made three arrests and NFT seizures in relation to suspected tax evasion.
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Selfies seem to be out of trend now. Technologically enriched Novatars will soon replace them. The recent Novatar collection breakthrough on the Times Square billboards shows the expanding interest in the NFT avatars. How awesome is this?! So glad I’m apart of this! @thenovatar you guys are are doing
Bored Wukong, a Chinese NFT project that bears a stunning resemblance with the Bored Apes NFTs, has been called out for copying the popular NFT collection. South China Morning Post reported that the project received some backlash from the public last week following plagiarism accusations that made rounds on popular
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According to a Reuters report, Cent, the NFT platform that sold a tokenized version of Jack Dorsey's first tweet for $2.9 million, is halting most of its services for the time being until it can stop vendors from selling other people’s content. Cent co-founder and chief