A former owner of a rare Bored Ape NFT has filed a lawsuit against OpenSea after a listing bug saw the NFT sell on the platform for just $26. The Texas man named Timothy McKimmy is asking for $1 million in damages or the return of his highly-prized Bored Ape.
NFT News
The Metaverse is a metamorphosis in itself; it is the talk of the town today and stands to impact the environment. All said and done, what exactly is the Metaverse? How did it come into being, and where is it headed? For some, it is an ecosystem for virtual reality.
With the likes of Instagram and Twitter already in on the NFT frenzy, a Russian social media giant is set to join the buzzing world of digital collectibles. Vkontakte, Russia’s largest social media network, has announced its plans to incorporate NFTs and blockchain tech in its operations. According to
Over the weekend, the NFT community was set ablaze following reports that NFT marketplace OpenSea was hit by a major phishing attack. While earlier reports claimed that the attacker carted away with over $200 million, OpenSea has stepped forward to clarify that only 17 users were affected and the net
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The value of digital art raises a lot of questions for today's world. Actually, the value of anything is controversial for many reasons. But NFTs especially. The NFT industry today is exploding. Even Paris Hilton showed off her new bored ape on fellow BAYC member, Jimmy Fallon’s
PayPal has revised its merchant-focused vendor protection program to exclude NFT transactions that run above $10,000. Based on the changes introduced to the guidelines on February 11, the policy will become effective from March 21. The update emphasized “revising PayPal’s Seller Protection program to expand the list of
In a rather unexpected move, the New York Stock Exchange (NYSE) has filed an application with the US Patent and Trademark Office (USPTO) to build its own NFT marketplace. The trademark application suggests that the exchange is looking to provide an online marketplace for various digital goods including NFTs, cryptocurrencies,
Solanalysis is expanding its operations within the Solana ecosystem. The Solana-centric NFT data site has rebranded to Hyperspace, purchasing a new domain – Hyperspace.xyz). Plans are also on the way to build an NFT marketplace aggregator. Solanalysis began its operations tracking top NFT collections deployed on the Solana blockchain. However,
Although tax reporting requirements for NFTs and cryptocurrencies have remained a murky and gray area, UK tax authorities are moving to close the gap. HM Revenue and Customs (HMRC), the chief tax authority in the United Kingdom, has made three arrests and NFT seizures in relation to suspected tax evasion.
NFT News
Selfies seem to be out of trend now. Technologically enriched Novatars will soon replace them. The recent Novatar collection breakthrough on the Times Square billboards shows the expanding interest in the NFT avatars. How awesome is this?! So glad I’m apart of this! @thenovatar you guys are are doing
Bored Wukong, a Chinese NFT project that bears a stunning resemblance with the Bored Apes NFTs, has been called out for copying the popular NFT collection. South China Morning Post reported that the project received some backlash from the public last week following plagiarism accusations that made rounds on popular
According to a Reuters report, Cent, the NFT platform that sold a tokenized version of Jack Dorsey's first tweet for $2.9 million, is halting most of its services for the time being until it can stop vendors from selling other people’s content. Cent co-founder and chief
On Monday, Sungkyunkwan University announced that NFT certificates would be issued at its graduation ceremony on the 16th of this month. Three students who won in-school competitions will be the recipients of the NFTs. This is arguably the first time a domestic university is tapping on NFT tech to produce
How much can you spend on an NFT? Well, a bandana-wearing CryptoPunk has smashed previous sales records after being sold for 8,000ETH on Saturday. Deepak Thapliyal, the CEO of blockchain firm “Chain,” is the new owner of the CryptoPunk. He spent nearly $24 million to acquire CryptoPunk #5822, explaining
Thrilled by the success NFT creators have had with their digital arts, French truffle grower Bernard Planche has decided to use an NFT auction to sell one of the largest truffles ever unearthed. The auction will be conducted on OpenSea, and the bidding ends today. The winner can pay for
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Otaku Klub NFT, the world’s first-ever Japanese anime NFT project with real utilities, including a crypto game and a mangaverse, is launching in the second quarter of 2022. The Otaku official site announced that a presale would take place 24 hours before the general sale, and members of the