Ticketing industry giant Ticketmaster is entering the NFT space following a six-month pilot program. The company is set to issue NFT tickets for live events through the Flow blockchain. According to a Wednesday press release, event organizers using Ticketmaster’s service can now issue NFTs before, during, and after live
Venture capital firm a16z has led a $50 million Series A funding round for NFT organization Proof Collective, a private group of 1000 dedicated NFT collectors and artists. The funding round saw participation from others like VaynerFund, Collab+Currency, Flamingo DAO, Seven Seven Six, and SV Angel. While this is
Cryptocurrency custody firm Fireblocks has added support for Solana-based NFTs, DeFi applications, and gaming apps, a move that would allow its users to connect and directly interact with decentralized applications built on Solana. “Fireblocks’ Web3 Engine offers Solana builders the highest level of security when it comes to accessing the
Although August has been a tumultuous month for the NFT market, Yuga Labs’ Otherdeed NFTs have enjoyed a record-breaking sales volume, surpassing other well-established projects such as Azuki, CloneX, Moonbirds, VeeFriends, Doodles, and Meebits. According to data from NFT aggregator CryptoSlam, Otherdeed has generated approximately $1.035 billion in all-time
One of South Korea’s biggest telecoms companies, LGU+, is looking to bolster its presence in the crypto and blockchain scene by issuing a new batch of non-fungible tokens (NFTs) next month. According to Money Today and Chosun Ilbo, the firm, which is a unit of the LG conglomerate, will
NFT integration is coming to Facebook. Less than a month after expanding its NFT functionality on Instagram to 100 more countries, Meta has announced that Facebook will now support NFTs. According to an updated statement from the social media giant, its estimated 2.9 billion users will now be able
The all-time sales volume of the popular Bored Ape Yacht Club NFT collection has now surpassed CryptoPunks, making it the second-largest NFT collection in the world. Launched in April 2021 by Yuga Labs, Bored Ape Yacht Club (BAYC) has grown to become one of the most sought-after NFT collections. The
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Chinese NFT marketplace iBox is shutting down its operations outside the country. The company, which has been selling NFTs in USDT, did not give any reason for the suspension of its foreign operations. However, plans are on the way to refund users beginning in September. All forms of cryptocurrency trading
The Japanese arm of Hong Kong blockchain investment firm, Animoca Brands, revealed on Friday that it had raised $45 million to ramp up its NFT ambition. Animoca Brands KK, as the unit is called, raised the funds from the world's second-largest financial group Mitsubishi UFJ financial group (MUFG)
According to a social media post from Uniswap's head of NFT product, Scott Lewis, Uniswap has engaged in talks with multiple non-fungible tokens (NFTs) lending protocols to bring about NFT financialization. Lewis highlights the company’s interest in combating two major issues plaguing the NFT space. uniswap is
Bored Ape Yacht Club owners have leveraged their permissive commercialization rights to turn their Ethereum NFT imagery into diverse products from apparel to toys, alcohol packaging, and restaurants. They are now extending their reach to the candy industry with some limited-edition M&M’s. On Wednesday, confectionary giant Mars
Less than 48 hours after starting to trade in digital assets, the Shanghai Data Exchange has moved to launch blockchain-based digital assets. However, there are some limitations as the exchange will not allow secondary trading. The Shanghai Data Exchange was established in November 2021. The state-owned institution offers trading data
In a bid to reward some of its most loyal users, Reddit is airdropping free NFTs. The popular online discussion platform recently announced that it would be launching a new Collectibles Avatar marketplace. Last week, a member of the platform’s administrative unit revealed that the company would launch a
Chingari, the Indian version of the popular social media platform TikTok, has made its foray into the world of NFTs. On Tuesday, the company announced that it would be a new NFT feature known as Creator Cuts. Creator Cuts is set to become the world’s first-ever video NFT marketplace,
Despite the torrid run in the general crypto and NFT market, global sports brand Nike has made a killing from digital collectibles. The company has raked in over $185 million in revenue from its NFT-related projects. The figure positions Nike as the biggest earning brand from NFTs, and according to
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SudoRare, a new decentralized NFT trading platform, has pulled a fast one on investors and NFT traders after going offline on Tuesday, six hours after it launched. According to data from PeckShield, the NFT exchange carted away over $800,000 worth of tokens, which have been sent to three different