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Tag Archives: Non-Fungible Token (NFT)

Beware: User Loses 3 Bored Ape NFTs on New Animation Phishing Site

Scammers are launching phishing sites impersonating the prominent NFT marketplace – Bored Ape Yach Club (BAYC) after the ApeCoin token launch. A user ended up losing 3 NFTs on a new BAYC animation phishing site. Since its launch last year, BAYC has become one of the biggest names in the NFT space. Multi-million dollar sales and a rapidly growing list of celebrity owners have managed to bring in lucrative opportunities for scammers. Rampant Phishing Attacks ZachXBT, the...

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The Mind-Blowing ROI of Minting and Holding a Bored Ape NFT From the Beginning

Bored Ape Yacht Club NFT collection made headlines recently with several bombshell revelations – from the purchase of the iconic CryptoPunks to the release of the ApeCoin. The launch of the APE token was as volatile as one might expect as the cryptocurrency dropped to a low of around $6 and is currently trading around $11. With everything that’s going on with the BAYC ecosystem, we decided to see what’s the approximate ROI of minting and holding just one Bored Ape NFT (and...

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GameStop To Launch Its NFT Marketplace In Late Q2

Last year, the community revived GameStop from what seemed like a slow and painful death under the claws of greedy Wall Street hedge funds. Now, GameStop wants to give back and make the most out of this second chance with the launch of an NFT marketplace to serve gamers, crypto lovers and tech enthusiasts. On March 17, American video games retailer GameStop revealed its intentions to launch an NFT Marketplace by the end of the second quarter of 2022. According to its...

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Coinbase Dives Deeper Into Web3: Launches Coinbase Pay

The San Francisco-based crypto exchange – Coinbase – announced that users can now take advantage of the new feature to fund their non-custodial Coinbase Wallet easier than before. The Newest Product As part of its mission to make cryptocurrency products accessible to the broad public, Coinbase introduced Coinbase Pay. The company explained that the solution is an extension of its existing digital asset wallet that allows users to interact with Web3 applications. Coinbase Pay...

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FTX Partners With AZA Finance to Expand Crypto and Web3 in Africa

The cryptocurrency exchange FTX collaborated with the fintech company AZA Finance to expand the adoption of cryptocurrencies throughout Africa. Additionally, the two entities will aim to connect the Web3 economy with the countries from the continent. FTX’s Latest Partnership One of the largest digital asset trading venues – FTX – continues to strike important deals to popularize its global presence. According to a recent press release, its latest partnership is with the...

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Enjin’s Efinity Becomes the First NFT Parachain on Polkadot

The popular ecosystem for non-fungible tokens – Enjin – launched the first NFT parachain on Polkadot. Following the initiative, the former vowed to support CryptoBlades and its more than one million users. The First NFT Parachain Launched on Polkadot At the end of 2021, Enjin’s NFT project – Efinity – won Polkadot’s last parachain auction for the year with a fundraiser of over $214 million worth of DOT. Back then, the blockchain protocol noted that Efinity will go live in...

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NFTs are Coming to Instagram, Confirms Mark Zuckerberg

Mark Zuckerberg – CEO of Meta (formerly Facebook; owner of Instagram) revealed today that Instagram will be integrating NFTs into its platform. Speaking at SXSW, the billionaire confirmed that the digital collectibles would come to Instagram “in the near term”. He shared little detail about what role NFTs would play on the platform, but suggested that people could both show off their current NFTs, and even mint new ones. “I’m not ready to kind of announce exactly what that’s...

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Coinbase NFT Marketplace To Launch “Soon”

Coinbase has just announced that it will launch its NFT marketplace… “soon.” On March 14, Coinbase NFT —the account for Coinbase’s upcoming NFT marketplace— posted on its official Twitter account that its team met with more than 100 content creators to work on the launch of their new NFT marketplace. However, so far, there is no official launch date. What is clear is that the marketplace will be launched in the near future and will feature several tools and innovations that...

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Sequoia Capital Bets Big on Solana-Based NFT Marketplace Magic Eden: Report

Silicon Valley venture capital firm, Sequoia is betting big on the leading Solana NFT marketplace – Market Eden. OpenSea happens to be the leader in the NFT space, however, its dominance appears to be dwindling. There are now newer platforms backed by some of the biggest investors that may have been contributing to this trend. Magic Eden’s $27 Million Funding Round According to the latest reports, Magic Eden is set to announce $27 million in Series A. Leading the round is...

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Over 500 Projects Building on Cardano, Claims IOHK Director

Cardano’s network is reportedly attracting considerable interest, at least according to the Marketing and Communications Director of IOHK: Input Output. Back in September 2021, Cardano went through one of the most important mainnet upgrades called Alonzo. It was part of the development cycle of Cardano known as the Goguen era and the most important part of it was the integration of smart contracts. Since then, the network went through other important upgrades and saw...

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