Over a week ago, news broke that the blockchain behind the popular Ethereum NFT game Axie Infinity had been compromised. A hacker was able to gain entry into Sky Mavis’ Ronin Network sidechain, pulling a $622 million exploit. Sky Mavis has now raised $150 million to compensate those affected by
The television network of eastern China’s Shandong province has unveiled plans to build an NFT marketplace, making it the latest state-run media outlet to jump on the bandwagon. Shandong Television is looking to deploy its own blockchain infrastructure to support its digital collectibles, as well as develop “a series
Speaking at a town hall meeting on plans to “reimagine” the company’s future, Starbucks founder and new interim CEO Howard Schultz revealed that the Seattle coffee giant was “going to be in the NFT business” by the end of this year. A video of Schultz’s comments was leaked
An endorsement from a popular influencer or celebrity is no guarantee that an NFT project will do well. Many collectors have had to swallow this bitter pill after Billionaire Dogs Club NFT collection pulled an exit scam right after mint. The NFT collection, which was actively promoted to the three
Amid the ongoing NFT boom, Ledger has launched a new wallet targeting NFT collectors. The new Ledger Nano S Plus is the sixth hardware wallet produced by the company since its first product HW1 entered the market in 2015. The new product is an upgrade to the original Nano iteration
Popular NFT photographer and Quantum founder Justin Aversano is looking to unite the real and virtual worlds through a physical NFT gallery in Santa Monica. Aversano made the announcement on Monday at the Non Fungible Conference held in Lisbon. The artist, who stepped into the limelight last year with his
Solana’s largest NFT marketplace, Magic Eden, will now accept the tokens of top Solana NFT projects DeGods and Aurory. Moving forward, users will be able to purchase any NFT on its platform with DeGods’ DUST or Aurory’s AURY. Magic Eden first teased the integration last week. On April
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In a bid to show its commitment to a "forward-looking approach" in regulating the cryptocurrency space, the UK government is looking to issue non-fungible tokens (NFTs). At the Innovate Finance Global Summit on Monday, UK’s chancellor Rishi Sunak laid out plans to regulate stablecoins, a move that
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Over the weekend, Netz Capital’s Luca Netz purchased the Pudgy Penguins NFT collection for 750 ETH, or around $2.5 million. While this may appear like a small price to pay for an NFT project, the collection of 8,888 digital collectibles has suffered months of community turmoil and
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Leading NFT marketplace OpenSea is teaming up with crypto-focused payment solutions provider MoonPay to integrate direct card payments on its platform. OpenSea users will soon be able to pay for NFTs with credit cards even if they don’t own any crypto assets, according to a tweet from MoonPay. ⛵️Sail
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In September, leading NFT marketplace OpenSea came under intense fire after an employee was caught in an insider trading scandal. The company’s Head of Product Nate Chastain was called out by the NFT community for exploiting insider knowledge, eventually leading to his resignation a few days later. Nate is
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Earlier this week, news broke that the Ronin Network sidechain, the blockchain behind the popular Ethereum NFT game Axie Infinity, was hacked. The attacker(s) stole about $622 million worth of crypto funds from the bridge connecting Ronin to Ethereum. Following the security breach, Axie Infinity developer Sky Mavis has
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Unlike its stringent stance on cryptocurrencies like Bitcoin, China has not been quite explicit with its take on non-fungible tokens (NFTs). This lack of clarity has allowed several China-based companies to venture into the world of digital collectibles amid the air of uncertainty. However, it appears that social media giants
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To support America’s National Youth HIV/Aids Awareness Day on 10 April, MAC Cosmetics is partnering with ConsenSys to release its first NFTs. The NFTs will be launched on Ethereum sidechain Polygon featuring art by the late Keith Haring. There are 5,275 NFTs in the collection, categorized into
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The owner of Bored Ape #835 is probably beating himself up after mistakenly accepting a bid of $115 for his ape valued at over $300,000. In what appears to be a “fat finger” error, the OpenSea user who goes by the name “cchan” accepted a bid of $115 (115
For several months, there have been reports of possible integration of Solana NFTs on OpenSea. The leading NFT marketplace finally confirmed the rumors yesterday. OpenSea unveiled a preview of its long-awaited NFT integration on the Solana on Tuesday, with a rollout slated for April. The teaser video sampled a series