Following the initial success of its first NFT collection, the Dubai Police is gearing up for a second collection. The law enforcement agency announced that it would launch the next collection at the 2022 edition of The Gulf Information Technology Expo (GITEX). Dubai Police became the first government entity in
2021 was undoubtedly the year of NFTs, with the likes of Beeple bringing the spotlight to the industry after selling a collection of digital art pieces for $69.3 million. Throughout the summer of 2021, global interest in NFTs was at its peak. However, a year later and trading volume
Damien Hirst’s “The Currency NFT” burn ended yesterday. The initiative gave holders the choice to either keep their digital collectibles or burn the NFTs in exchange for a corresponding original artwork from the artist. The result shows that slightly more owners were interested in receiving the art in physical
On Wednesday, nonfungible token (NFT) domains platform Unstoppable Domains raised $65 million in a Series A funding round that valued the company at $1 billion. The round was led by Pantera Capital, with participation from others like Alchemy Ventures, Broadhaven, CoinDCX, CoinGecko, Mayfield, Polygon, and several others. According to the
Over the weekend, Sumitomo Mitsui Financial Group (SMBC Group), announced its plans to collaborate with blockchain startup HashPort on non-fungible token (NFT) and Web3 projects, including promoting Web3 in Japan. The group, which runs one of Japan’s largest banks, said it will be working with HashPort on what it
Ilya Borisov, an NFT artist who earned €8.7 million from selling digital art, is currently in a legal tussle with the Latvian government after authorities froze his account over allegations of money laundering. If found guilty, the artist could spend up to 12 years in jail. During the bloom
Spanish football giant FC Barcelona is entering the NFT space. Its first-ever NFT collection is a digital audiovisual artwork that recreates the moment when club legend Johan Cryuff scored an acrobatic goal against Atletico Madrid in December 1973. Dubbed "In a Way, Immortal," the one-on-one animated edition NFT
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Reid Hoffman, the co-founder of business networking platform LinkedIn, has launched a collection of Solana NFTs created by OpenAI's DALL-E 2 artificial intelligence software. The billionaire tech entrepreneur took to Twitter on Thursday to announce the initiative, revealing that he would auction the first piece from the collection
Following Mojang Studio’s ban on NFT integrations on Wednesday, Epic Games has stepped forward to pledge its support for the industry. Responding to Mojang’s decision, Epic Games founder and CEO Tim Sweeney has said that his firm “definitely won’t” ban nonfungible tokens (NFTs) as devs “should be
On Wednesday, Microsoft-owned Mojang Studios announced that it would prohibit nonfungible tokens (NFTs) and other blockchain-related technology from its popular Minecraft game. "NFTs can create models of scarcity and exclusion that conflict with our Guidelines and the spirit of Minecraft," the gaming company said in its statement. According
Following its recent exploit, which led to the loss of over 350 NFTs, Premint has announced that it plans to compensate users that were affected by the hack. Brendan Mulligan, CEO of the NFT registration platform, made the disclosure in a live-streamed incident update released on Wednesday. He also revealed
An Ethereum NFT whale who placed a joke bid of 100 ETH on an ENS name has gotten more than he bargained for. The bid of over $150,000 was accepted before he could cancel it. Ethereum Name Service (ENS) has grown to be quite a popular niche in the
In April, OpenSea officially enabled support for Solana-based NFTs. The leading NFT marketplace is doubling down on that decision and moving deeper into the Solana ecosystem. Earlier this week, OpenSea unveiled its Solana launchpad, which will allow Solana-based creators to host new mints on its platform. The launchpad is part
Over the weekend, the United States Office of Government Ethics (OGE) issued a legal advisory requiring senior government officials to reveal their investments in non-fungible tokens (NFT). Emory Arthur Rounds III, an American attorney and current Director of the US-OGE, stated in the legal advisory presented to the agency officials
In the face of strict government policies regarding NFT trading, Tencent has moved to shut down one of its NFT marketplaces. Tencent News’ NFT marketplace was launched in January. However, the platform has been struggling with low patronage due to the hard stance of the Chinese government towards the NFT
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Over the weekend, popular NFT platform Premint became the latest victim of a security breach, leading to the loss of over 300 NFTs, including collectibles from Bored Ape Yacht Club, Otherside, and Goblintown. According to available information, the attacker was able to swindle unsuspecting users after adding a malicious JS