Over the weekend, World of Women released a new Galaxy collection and it didn’t take long to sell out. The collection of 22,222 women avatars generated $79 million within the first 24 hours after launching. This includes $34 million in primary sales from the mint and $45 million
An NFT tied to the original arrest warrant of South Africa’s first black president, Nelson Mandela, has been sold to a fund heritage site for more than $130,000. For some context, the former South African president was part of a political organization, where he became a leader of
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Blockchain has revolutionized virtually every sector of the global economy, and we are yet to fully maximize the potential of the revolutionary technology. However, the financial support for entrepreneurs and developers is most of the time insufficient. Most of these entrepreneurs and developers are unable to raise funds for their
Earlier this week, the creators of the now-popular Bored Ape Yacht Club NFT collection, Yuga Labs, completed a $450 million funding round. According to a report by The Verge, the raise valued the company at $4 billion. The funding round was led by Andreessen Horowitz, with participation from others like
Popular NFT marketplace Veve has temporarily closed its marketplace following an exploit that resulted in the illegal acquisition of millions of its in-app gem tokens. The NFT marketplace, which is quite popular for offering licensed digital collectibles from mainstream brands like Marvel, Coca-Cola, and Pixar, confirmed the exploit in a
From Facebook to Twitter, a handful of social media platforms have jumped into the NFT space. Just last week, Chinese social media platform Weibo launched its NFT marketplace called TopHolder. This week, Japanese messaging giant Line revealed that it would debut its NFT marketplace on April 13. Dubbed LINE NFT,
As the wildfire of cryptocurrencies continues to spread, the city of Portsmouth, New Hampshire, will soon allow residents to pay their bills with Bitcoin and other digital assets. City mayor Deaglan McEachern explained that City Hall has been learning about blockchain and cryptocurrencies, and it was time to tap on
Rarible is working behind the scenes to enable support for Solana NFTs, according to a screenshot shared by tech blogger and researcher Jane Manchun Wong. The NFT platform, which was launched in 2020, is currently the fourth largest marketplace by all-time sales volume, sitting behind OpenSea, LooksRare, and CryptoPunks. However,
The NFT space is no stranger to rug pulls, and NeoNexus, a Solana-based NFT project, appears to be the latest to exit the market after raising 25,000 SOL from investors. Founder Jack Shi announced via the company’s official Twitter account on Monday that NeoNexus would no longer continue
Despite being a veteran in the crypto space, the founder of DeFiance Capital, Arthur Cheong, has fallen into the cold hands of malicious actors. Roughly $1.7 million worth of NFTs were siphoned from his crypto wallet yesterday morning. According to security firm PeckShield, Cheong lost 33 Selfs, 17 Azukis,
A number of veteran video game developers have jumped on the NFT bandwagon, and today, Block Tackle announced that it had raised $5 million to develop a Solana-based skateboarding game. Block Tackle is a Web3 gaming startup studio co-founded by Ben Topkins and Rob Oshima. The duo were previously contracted
Are NFTs really going mainstream? Abu Dhabi Global Market may soon give license operators the right to legally trade NFTs. An assessment paper captioned “proposals for enhancements to capital markets and virtual assets in ADGM” was published by Abu Dhabi Global Market (ADGM) on Monday. The paper covered draft standards
What’s the real worth of an NFT? With investors spending millions of dollars of jpegs that can easily be right-click saved, critics have often labeled the NFT rally a passing fad. But this has done little to stop investors from thronging to the space. Today, an NFT protocol that
Although the Chinese government has remained relatively quiet over its stance on NFTs, social media giants are beginning to block the accounts of NFT platforms, fearing government crackdown. WeChat has removed the accounts of several digital collectible platforms for allegedly violating the policy of illegal trade. Meanwhile, Tencent-owned NFT platform
While Malaysia’s finance minister has labeled crypto payments as illegal, the region’s Ministry of Communications and Multimedia (KKMM) appears to be in support of the burgeoning sector. In a report by local news agency Harian Metro on Monday, Deputy communications and multimedia minister Datuk Zahidi Zainul Abidin has
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Over the weekend, the Web3 label (10:22PM) of Universal Music Group joined the laundry-list of celebrities and corporate behemoths that own a Bored Ape. The world’s leading music company purchased Bored Ape #5537 for roughly 125 ETH, or $360,000. According to a press release from the company,