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
Leading NFT marketplace OpenSea has acquired Gem, an Ethereum NFT marketplace aggregator that allows users to batch-buy digital collectibles from multiple platforms. OpenSea announced the move in an official release this morning, noting that the purchase is geared towards serving more advanced NFT buyers. CEO and co-founder Devin Finzer said:
What’s your take on non-fungible tokens – a bubble waiting to pop, a passing fad, or the real deal? Well, according to the CEO of the world’s largest online retailer Amazon, NFTs will continue to grow. And what’s even more, Andy Jassy sees his company supporting NFT sales
Buying an NFT linked to a top entrepreneur or celebrity does not guarantee a massive return on investment. Sina Estavi, the founder of two Malaysia-based cryptocurrency companies, is having to swallow this bitter pill. During the hit of the NFT frenzy early last year, Estavi paid a whopping $2.9
With many social media platforms launching NFT marketplaces, Japan’s most popular social messaging app has joined the bandwagon. Line has officially launched its own NFT marketplace called LINE NFT. Following a partnership with Yoshimoto Kogyo, a major Japanese entertainment conglomerate, Line’s crypto and blockchain manager LVC Corporation will
Video game maker Sega is embarking on a five-year plan to create an interconnected framework of AAA titles that could incorporate Web3 technologies. Commenting on the decision to create “Super Game,” Sega’s producer Masayoshi Kikuchi said in a translated interview that “it is a natural extension for the future
Gary Vee-backed NFT basketball game Swoops has raised $3.5 million in a round led by Courtside Ventures and Alpaca VC. DraftKings CEO Jason Robins, Red Beard Ventures, Slow Ventures, and Gary Vee also took part in the round. “This is truly a game of skill with multiple user profiles
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Crypto and NFT trading platform Coinbase is developing a three-part animated short film series that will feature characters from the Bored Ape Yacht Club (BAYC) NFT collection. Here's how you can help us make this movie: 💡 Get @CoinbaseWallet 🎥 Submit your Bored Ape 🎬 Hide an easter egg — Coinbase (@coinbase)
NFTs have literally gone to the moon as retired NASA astronaut Kelly Scott officially released his first collection on Tuesday. The “Dreams Out of this World” NFT series was created by Kelly in collaboration with NFT startup Orange Comet to support relief efforts in Ukraine. The collection of 3,333
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Despite the lack of clarity from the Chinese government regarding digital collectibles, the Sichuan province of Southwest China is working on an NFT trading platform. The move is a strategy by the cultural and tourism authority in the region to “encourage the music industry to actively adopt modern technology.” Sichuan
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The blockchain is a fitting recourse for artists and creators who, for decades, have felt shortchanged. With the rise of NFTs and tokenization, technology rewards those who truly deserve recognition and prevents abuse of intellectual property rights. There could be no better demonstration of how blockchain and NFTs are coming
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According to a joint announcement made on Thursday, Bolt has reached a definitive agreement to acquire groundbreaking cryptocurrency infrastructure provider Wyre. The acquisition comes amid the growing demand for purchasing goods and services with cryptocurrency alongside the opportunities of Web3. Bolt sells online services while Wyre is a blockchain-based payments
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Last week, the Ukrainian government launched its own NFT collection to raise funds for its war and humanitarian efforts. But despite the anticipation that preceded the launch, the collection of 2,182 NFTs is yet to sell out after a whole week. Amid Ukraine’s ongoing war with Russia, the
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Last week, OpenSea finally confirmed the rumors of its long-awaited support for Solana NFTs. Barely a week after the tweet went live, the leading NFT marketplace has now officially enabled support for digital collectibles on the Solana network. On Thursday, the company took to Twitter once again to announce the
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US-based cable television sports broadcasting network, ESPN, has inked a deal with Tom Brady's Autograph NFT platform to mint the network’s first NFT collection. The partnership, which is expected to last a couple of years, will kick off with a collection based on a documentary series around
In December, video gaming giant Ubisoft entered the NFT scenes, creating a new platform called Ubisoft Quartz and rolling out NFT assets known as Digits. The in-game NFT tokens were first accessible in Ghost Recon Breakpoint. Sadly, the company is now nixing support for the triple-A game that had NFTs