Popular crypto sleuth ZachXBT has exposed the activities of two prolific NFT thieves who may have swindled collectors of over $2.5 million worth of NFTs since December 2021. Following the trail of multiple NFT thefts in 2021, ZachXBT discovered the two Paris-based young men have been behind a number
NFT minting platform Fair.xyz has raised $4.5 million in a funding round led by venture capital firm Eden Block. Other participants in the round include leading NFT marketplace OpenSea, in addition to NFX and First Minute Capital. Fair.xyz played a crucial role in helping the Ukrainian government
In a space where celebrity endorsement could push an NFT project to sell out, consumer watchdog group Truth in Advertising (TINA) has called on celebrities to disclose their NFT connections. The group revealed in a Monday notice that it had sent letters to several high-profile celebrities who promote NFTs on
Luxury jeweler Tiffany & Co. has made a rather lavish entrance into the NFT space after its collection of 250 CryptoPunks-themed collectibles sold out in less than an hour. Dubbed “NFTiffs,” the limited edition Ethereum-based digital collectibles were priced at 30 ETH (around $50,000 at today’s prices) each.
Months after testing out NFTs with a small group of U.S. users, Meta-owned Instagram has announced that its NFT feature will now be available in 100 more countries. The digital collectibles functionality will be available across 100 countries in the Americas, Africa, Asia Pacific, and the Middle East. The
According to research data recently released by pro-consumer website Comparitech, NFT thefts are becoming more frequent and quite lucrative, with 2022 accounting for the majority of the exploits. Comparitech has been monitoring NFT thefts ever since the industry recorded its first case of theft as far back as 2020. Since
Recently valued at $1.6 billion, Solana’s crypto unicorn Magic Eden is beginning its multi-chain expansion with Ethereum. On Tuesday, the company confirmed that Ethereum was the first blockchain addition to its multi-chain plan. Ethereum is by far the largest NFT market by trading volume, hosting a vast majority
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The price of MetaKongz, a South Korean NFT project, has tanked by over 17% on the OpenSea NFT marketplace amid several in-house problems such as alleged mismanagement of project funds and hacking. According to data on the NFT trading platform, the average price of MetaKongs over the past seven days
Along with the general crypto market, NFT sales have taken a massive hit in the face of the ongoing crypto winter. According to data from NFT aggregation site CryptoSlam, July’s secondary NFT market sales fell to $650 million, a 25% drop from June figures. This is the second month
Legendary rock band Muse has announced that it will be releasing its upcoming album, "Will of the People," as a limited-edition NFT on the Polygon-powered platform Serenade. The NFT version of the band’s ninth studio album will be released on August 26. It is set to be
Cryptocurrency exchange KuCoin has launched an exchange-traded fund (ETF) tied to blue chip NFT assets like CryptoPunks and Bored Ape Yacht Club (BAYC). In a Friday announcement, the Seychelles-headquartered company said that the new product offering “aims to improve the liquidity of NFT assets and lower the investment threshold of
Luxury jeweler Tiffany & Co is set to launch its first set of non-fungible tokens (NFTs), a series of CryptoPunks NFTs-themed gold and gem-encrusted pendants. Dubbed NFTiffs, the NFT-backed product features 250 digital passes that can be “minted when purchased and redeemed by CryptoPunks holders for the creation of a
The city of Miami is launching a new NFT initiative to drive revenue to small businesses and non-profits through exclusive reward offerings. Miami City mayor Francis X Suarez disclosed the city’s plan to launch 5000 Ethereum NFTs in partnership with Time Magazine, Mastercard, and Salesforce. According to a city
In a rather interesting use case of NFTs, England’s League Two side Crawley Town has signed a midfielder after fans and NFT holders voted on what position they wanted the team to strengthen. The team decided to give its fans a voice for the first time in the June
Gary Vaynerchuk’s NFT universe is set to take flight after raising $50 million in a seed round led by venture capital firm Andreessen Horowitz (a16z). Gary Vaynerchuk, popularly known as Gary Vee, launched VeeFriends in May 2021. He intends to use the seed capital to expand the NFT’s
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Prizefighter, a movie starring Russell Crowe, is making its debut. The interesting part is that the biopic was partially funded by the sales of non-fungible tokens (NFTs). According to a report by Yahoo News, the British-American film tells the story of legendary bare-knuckle boxer Jim Belcher. It was partially funded