While many crypto traders and NFT holders are cutting their losses and converting their assets into stablecoins and fiat, some big spenders appear not to move by the current crypto winter. Over the past week, two investors splashed a whopping $2.5 million on a bottle of champagne. Coming from
South Korean automaker Hyundai Motor has launched an NFT membership program for its new electric vehicle (EV) IONIQ 6. The “IONIQ Citizenship” NFT membership promises exclusive access to “digital spaces, special digital content, and physical items” tied to IONIQ 6. According to a Monday press release from the company, owners
In a rather interesting legal precedent to serving lawsuits, a UK court has ruled that individuals and entities can now be served a legal proceeding via NFTs, meaning you can sue someone through the blockchain. Last month, a UK court granted Giambrone & Partners the permission to serve legal documents
The general NFT market may be experiencing some downtime, but this has not stopped collectors from accumulating highly-priced digital collectibles. In what has been described as the fifth largest CryptoPunk sale since the collection made its debut in 2017, a pseudonym collector has splashed 2,500 ETH on a rare
According to a Wednesday announcement, the National Football League (NFL) is looking to expand its NFT ticket stub initiative to as many as 100 live games in the 2022 season. In an experimental rollout last season, the NFT issued commemorative NFTs to attendees of select live games. Similar to last
With several brands jumping on the NFT trend, Blockbar has introduced a creative way to auction its products as digital collectibles. The company is auctioning the world’s rarest 1970 Japanese whisky as an NFT in the first direct-to-consumer (DTC) NFT marketplace for luxury wines and spirits. According to information
Leading Solana NFT marketplace Magic Eden is expanding its presence in the Web3 space. The company has unveiled Magic Venture, a new investment arm that will focus primarily on Web3 gaming. The new venture arm comes weeks after Magic Eden raised $130 million in a Series B round that valued
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American video game retailer GameStop has launched the public beta version of its long-awaited non-fungible token (NFT) marketplace, allowing gamers, creators, and collectors to buy, sell, and trade NFTs. According to a press release published on July 11, the marketplace will be a non-custodial system built on the Ethereum layer
In April, Coinbase joined the league of crypto exchanges that offered NFT services. However, despite having more than four million users on its pre-launch waitlist, Coinbase NFT is turning out to be a massive flop. Three months in, the company’s so-called “Web3 social marketplace for NFTs” has registered 2,
Imagine purchasing a blue-chip NFT like Bored Ape and having the option to spread the payment across several months. While the idea of a scheduled periodic payment is popular in traditional finance, the crypto industry is slowly getting a hang of things. Teller, a decentralized finance (DeFi) lender, has introduced
With many social media giants hopping on the NFT trend, Reddit joined the party on Thursday with the launch of an NFT marketplace that will allow users to buy digital avatars at a fixed price in fiat. The NFT marketplace expands on Reddit’s previous avatar builder, launched two years
In what could be described as an error, OpenSea blacklisted over 24,000 ETH ($27 million) worth of NFTs on its platform. According to Dune Analytics, the leading NFT marketplace marked several token IDs and transactions, including those of top NFT collections like Bored Ape Yacht Club (BAYC), Mutant Ape
Vincenzo Sospiri Racing, a Lamborghini Squadra Corse GT racing team, has announced that it will be using NFTs to authenticate factory car parts. The initiative is part of a pilot scheme spearheaded by the company Go2NFT, a dedicated platform for creating branded digital collectibles, and it positions the multi-Championship winning
Several governments have rolled out policies aimed at checkmating the activities in the crypto space. Members of the European Union parliament have proposed new changes to the Anti-Money Laundering (AML) law to include NFT trading platforms. The amendment is a part of the “Preventing abuse of the financial system for
While the rest of the crypto space is struggling to survive the current bear market, some institutional players are seizing the opportunity to boost their presence in the industry and offer more crypto-related services to their customers. The world’s largest payments network Visa has launched an exclusive VIP crypto
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Amid the ongoing bear market, NFT sales volume has plunged to a 12-month low, succumbing to the negative sentiments in the broader cryptocurrency market. Despite recording a whopping $42 billion in sales since the beginning of the year, NFT sales in June dropped to its lowest since June 2021, data