Tag Archives: Non-Fungible Token (NFT)

Queen Elizabeth II passed away yesterday (September 8) at the age of 96, after wearing the British crown for 70 years and 214 days. The death of the longest reigning monarch in the UK’s history was met with sorrow all over the globe, but it also attracted the crypto community. Hours after the news, memecoins like “Queen Elizabeth Inu,” “Queen Doge,” “God Save The Queen,” “London Bridge Is Down,” “Queen Grow,” “Rip Queen Elizabeth,” “Elizabeth II,” and “Queen Inu II” appeared...

On September 7, Puma, one of the world’s leading sports brands, announced the launch of “Black Station,” its first interactive metaverse experience, during the New York Fashion Week. According to the company’s press release, Black Station will become “a dynamic destination to visit,” where Puma users will be able to connect in an immersive and interactive way to enjoy the brand’s NFTs, mainly related to sporting goods. Puma Revives Its Creative Journey Adam Petrick, PUMA’s...

Seoul-based TV giant LG Electronics announced the launch of its non-fungible token (NFT) marketplace – LG Art Lab – potentially opening up NFT collecting to a much broader audience. With the latest platform, based on the Hedera blockchain, users will be able to explore, buy, sell and trade NFTs on LG’s smart television sets. LG Art Lab will also incorporate onscreen QR codes to enable users to complete transactions with the help of the company’s crypto wallet for smartphones,...

Famous American actor and comedian Bill Murray has become the latest victim of hackers, losing $185,000 worth of Ether (ETH) just a few hours after closing his non-fungible token (NFT) charity auction.  According to on-chain data from Etherscan and additional information from Murray’s team, the hackers breached and started to drain the actor’s wallet at around 7:00 p.m. ET on September 1.  Hackers Steal Sick Girl’s Donation The attack occurred after Murray completed the...

The crypto unit of Silicon Valley Andreessen Horowitz (a16z) is all set to release a set of free, public “Can’t Be Evil” licenses. The firm has designed the licenses specifically for non-fungible tokens (NFTs) and is inspired by the work of Creative Commons. As per the official press release, the community can freely use these licenses, which come with certain goals in mind. This includes – helping NFT creators protect or release their intellectual property (IP) rights and...

The world-leading NFT marketplace OpenSea has publicly declared its support for the Ethereum Merge later this month.  As such, it will not support any speculative Ethereum forks that follow its activation – such as a potential ETHPoW fork.  The marketplace confirmed its support for the Merge in a tweet on Wednesday. “We are committed to solely supporting NFTs on the upgraded Ethereum PoS chain,” it read. It also noted that any NFTs circulating on a possible ETHPoW fork, after...

Think the cryptocurrency market has it rough? Take a look at what happened to non-fungible tokens – aka NFTs.  Data from DappRadar shows that trading volume at OpenSea – the world’s largest NFT marketplace – has fallen by 99% in less than four months. While the company contested the figure to some degree, it admitted that the substantial slowdown in activity is both real and expected. The Sad State of NFTs According to DappRadar’s statistics page, the daily trading volume of...

The extensive report published recently by crypto auditing firm Elliptic shows the methods used by cybercriminals to misappropriate and profit from the immense hype generated by NFTs, extolled for the benefit of wary consumers. Between phishing, scam projects, stolen and plagiarized NFTs, market manipulation, and rugpulls, the total value of financial crime connected to NFT trading adds up to over $100 million, with an average of $300k for every instance of monkey business....

Two of the iconic American rappers – Eminem and Snoop Dogg – will perform their mutual single “From D 2 the LBC” live on the MTV-sponsored Video Music Awards (VMAs) this Sunday. Bored Ape Yacht Club (BAYC) holders will be allowed to watch this event live at the “Otherside” Metaverse. The song includes the artists’ personal non-fungible tokens, who spent hundreds of thousands of dollars to acquire them. The Duo’s Song Goes Live on Air The renowned musicians have not always...

The leading athletic apparel company – Nike – has surpassed many prominent names with its NFT sales this year. According to the latest stats, Dolce & Gabbana, Tiffany, Gucci, and Adidas are reaping millions from NFTs, but it’s Nike that tops the chart. Dune Analytics researcher Noah Levine’s data showed the above businesses leading the NFT wave. Nike’s NFT-related projects have generated over $185 million in revenue, placing itself as the biggest earning brand. The iconic...