Two weeks after launching its NFT marketplace, Coinbase has now opened the platform to all prospective users. As reported by BTC PEERS, Coinbase announced on April 20 that its NFT marketplace was live in beta and accessible by a small group of beta testers who had earlier registered to join
Much like the DeFi lending era, NFT-backed loans are becoming more of a norm. An anonymous CryptoPunk owner has been able to use two of his pixelated avatars as collateral to collect a loan of over $3.3 million. The said loan was issued by the crypto lending platform Nexo
Crypto exchange Kraken has finally opened a waitlist for its NFT marketplace in beta four months after CEO Jesse Powell announced the company’s desire to launch an NFT platform. The company made the revelation in a Tuesday blog post, explaining that NFTs “have redefined the concepts of digital expression,
VanEck made headlines in the Bitcoin ETF scenes following its attempt to get the approval of the SEC to launch a spot exchange-traded fund for the asset class. Amid all the buzz around NFTs, the New York-based investment management firm is now planning to release a collection of 1,000
One man’s meat is definitely another man’s poison. While billionaire Warren Buffett recently lashed out at Bitcoin as an unproductive asset, Tesla, in a recent SEC filing, has lauded Bitcoin’s liquidity and long-term potential. In a recent filing with the US Securities and Exchange Commission, Tesla Inc.
While the Ethereum network crumbled under the high demand for Otherside NFTs over the weekend, Solana’s proof-of-stake (PoS) is battling with another type of demand. NFT minting bots on Solana have knocked validators out of consensus for the 7th time in 2022, crashing the network for several hours. Unlike
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
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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
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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
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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
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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
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
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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,
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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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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