Tag Archives: Non-Fungible Token (NFT)

Okay, Bears has quickly become amongst the most popular collections of non-fungible tokens based on Solana. At the time of this writing in May 2022, the collection has also become the most actively traded one on OpenSea, surpassing the likes of the Bored Ape Yacht Club, Azuki, CloneX, and others. The following is a deep dive on Okay Bears and everything there is to know about the collection.  What Are Okay Bears NFTs? Okay Bears is a collection of 10,000 non-fungible tokens...

When it comes to blockchain transactions, some mistakes are irreversible and could cost one a fortune. Sadly, though, every now and then, crypto investors make these as the most recent one was from the owner of Ape #6462, who sold the NFT for $200 USDC. BAYC Holder Sells Ape #6462 for $200 On Sunday, Boredapebot, a Twitter handle that posts sales of Apes from the Bored Ape Yacht Club (BAYC) collection, revealed that someone sold Ape #6462 for a measly 200 USDC ($200). Bored...

Earlier this week, former English football star Michael Owen, alongside his business partner Oceidon, a Guernsey-based blockchain technology provider, rolled out a new non-fungible token (NFT) project dubbed Legacy. However, it quickly drew criticism. An NFT Collection That Doesn’t Lose Value? The partners claimed that the NFT collection was designed in such a way that its floor price can only increase but never go down, making it the first of its kind. According to The...

Five US states announced plans to take immediate action against a Russian organization allegedly selling fraudulent NFTs to US investors for funding a metaverse casino called Flamingo Casino Club. The authorities required the entity to stop selling such digital assets, accusing it of committing fraud and selling unregistered securities. Fraudulent Claims Securities Regulators from Alabama, Kentucky, New Jersey, Wisconsin, and Texas said that Flamingo Casino Club had solicited...

United Arab Emirates (UAE)’s leading flag carrier, Emirates Airline, is all set to dive into the digital asset space by leveraging cryptocurrencies, NFTs, and the metaverse. The entry is part of its strategy “to connect with customers in a faster and more flexible way,” said the report. Embracing Bitcoin, NFT, and Metaverse Emirates will start its foray into the cryptocurrency industry by soon introducing Bitcoin as a payment method. The company will also add NFT collectibles...

The Otherdeed NFTs drop caught massive attention from the industry last week as high demand triggered unprecedented Ethereum fees. Otherdeeds are the NFT collection for claiming virtual land in Otherside, the metaverse space created by Yuga Labs – the parent company behind Bored Apes Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) However, as the crypto bloodbath continues with Bitcoin dumping to the lowest point since last July, the transaction volume for blue-chips NFT...

Blockchain analytics firm Chainalysis’ latest report indicates that NFT activities have slowed down in 2022, with growth beginning to pick up again since mid-April. The document also noted that growing interest derived from retail investors – as shown in the rising number of small-sized transfers – has not yet overridden the market share dominated by institutional investors. NFT Activities Stabilized in 2022 In the wake of the impressive growth in 2021 – culminating in...

Non-fungible token (NFT) platform Zora raised $50 million in a seed funding round to expand its services to customers. The investment was led by prominent venture capital firms such as Haun Ventures, Coinbase Ventures, and Kindred Ventures. Zora’s Valuation Tapped $600 Million NFTs remain an intriguing feature for a big chunk of the crypto participants, allowing many startups to raise multimillion investments to strengthen their position in the field. The latest such entity...

Italian high-end luxury fashion house Gucci is all set to accept cryptocurrency in five stores in the US later this month. The move comes as the company continues to explore Web 3. Gucci Taps Crypto According to a report by Vogue, Gucci also plans to amplify the pilot to all of its North American stores this summer that the leading luxury brand directly operates. In the beginning, Gucci will accept 12 cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Wrapped...

After becoming the hottest trend in fintech and crypto over the past few months, the NFT space transitioned to a cooldown phase. But this trend appears to be changing as well as the latest edition of the Dapp Industry Report by Dapp Radar suggested that the market is coming back to life. Moonbirds, Otherdeed NFT Collections, Smash Records According to the report shared with CryptoPotato, it was the launch of two of the most anticipated collections ever has revived the sector...