More than ever, the decentralized and boundless nature of digital assets is being called to question amid the growing restrictions being slammed on Russian-based traders. Over the weekend, the Monetary Authority of Singapore (MAS) announced that it was imposing sanctions and certain restrictions against Russia following Russia’s invasion of
The US Securities and Exchange Commission (SEC) is looking to expand the scope of its regulatory oversight into the NFT market. Led by the crypto-skeptical Chairman Gary Gensler, the agency is reportedly investigating NFT creators and marketplaces for possible securities violations. According to a Bloomberg report citing anonymous sources, the
Despite the general market crash, the year began with a bang for NFTs. However, it appears the momentum is beginning to slow down. According to data from CryptoSlam, the number of unique NFT buyers dipped below 800,000 in February, the first time since October. There were 796,009 unique
OpenSea users in Iran will no longer be able to access the services of the leading NFT marketplace, thanks to US sanctions. Although the company is yet to release an official statement regarding the restrictions, a representative of OpenSea reportedly told Decrypt that the users are located in sanctioned territories.
NFTs have emerged as a potent tool for fundraising, one that communities supporting Ukrainian defense and humanitarian ventures are increasingly turning to. On Wednesday, an NFT of the Ukrainian flag was sold to a pool of donors for 2,250 ETH ($6.75m). The sales round was led by UkraineDAO,
Top US insurance broker and wealth management firm IMA Financial Group will be making a foray into the metaverse. According to Justin Jacobs, senior vice president of marketing at IMA, the Denver-based firm’s move into the metaverse was inspired by the quick development of the NFT market. We have
Right-leaning social media app, Parler, has launched a new NFT marketplace called DeepRedSky. Interestingly, the platform will be making its debut with CryptoTrump Club, a set of 250 NFTs of former US President Donald Trump. DeepRedSky will sell Solana-based NFTs and will enable credit card purchases. Interestingly, the NFT platform
Days after KPMG Canada purchased a World of Women NFT for around $70,000, crypto payments firm MoonPay has jumped on the bandwagon after winning a bid for the coveted NFT at Christie’s on Tuesday. The crypto startup spent a whopping $754,340 on a rare World of Women
Amid Russia’s ongoing invasion of Ukraine, the potential of NFTs as a fundraising tool is being brought to light. Digital platform Ikonia is tapping on the sales of digital collectibles to raise money for charities in Ukraine to support citizens of the war-torn nation. The Kyiv and Gothenburg-based digital
Spending a huge amount on a hyped NFT project is no guarantee that the team would deliver. Many investors are having to swallow this bitter pill as a $10,000 NFT project became the laughing stock of Crypto Twitter over the weekend. Last month, an NFT project called Pixelmon raised
Italian luxury brand Dolce & Gabbana (D&G) is expanding its NFT collection into Polygon following a deal with NFT marketplace UNXD. Dubbed “DGFamily NFT community,” the initiative will tap on the UNXD platform as its gateway to give users access to an exclusive product line via an entry
NFT News
Web 3.0 Is already changing the way we perceive e-commerce, but there are more dramatic changes flickering on the horizon. With commercial projects gaining traction through innovations within digital technologies, there are no limits to sudden fluctuations in different markets. These days, most of the innovations are somehow connected
KPMG Canada has purchased a World of Women (WoW) Ethereum NFT for 25 ETH weeks after adding Bitcoin and Ethereum to its balance sheet. The Canadian outpost of the global accounting firm announced the purchase last week, noting that “NFTs unlock a new channel for organizations to engage with their
Japanese e-commerce giant Rakuten has jumped into the NFT space with the launch of a marketplace for digital collectibles. In a press release on Friday, the company disclosed that its NFT platform would focus on sports and entertainment NFTs, including those based on Japanese mangas, TV shows, and music. Rakuten
NFT News
According to a report in Reuters, NFT sales hit a record $25 billion in 2021, from $94.9 million the previous year. With the rising popularity of non-fungible tokens and their increasing market value, many projects have sprung up with varying promises and potentials. Collectors are always on the lookout
NFT News
As the world of digital collectibles continues to boom, Axie Infinity, one of the leading names in the crypto-based play-to-earn universe, has become the first NFT collection to hit the $4 billion mark. According to data from CryptoSlam, Axie Infinity crossed the benchmark on Tuesday morning. Launched in 2018, Axie