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Tag Archives: Non-Fungible Token (NFT)

Investing in NFTs: 12 Must-Read Tips to Spot the Best Projects 

The space of non-fungible tokens (NFTs) has grown exponentially over the past year, and this produced quite a few consequences. For once, there are thousands of NFT projects spawning every single day, and the entire space resembles a lot of what we’ve seen during previous hype cycles with initial coin offerings (ICOs), initial DEX offerings (IDOs), initial exchange offerings (IEOs), and whatnot. The general consensus is that non-fungible tokens are here to stay and are going...

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Sotheby’s Withdrew the Auction of 104 CryptoPunks Minutes Before the Event

The renowned auction house – Sotheby’s – was about to host a much-anticipated auction of 104 CryptoPunk non-fungible tokens (NFTs) earlier this week. However, the auction house canceled the event minutes before launch. ‘Decided to HODL’ Several months ago, a pseudonymous collector with the initials 0x650d purchased the lot titled “Punk It!” for $7 million worth of crypto. A few weeks back, Sotheby’s announced it will auction the NFTs from the collection, with price...

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The Tezos Network and its Silent Growth Over the Past Year

With the substantial growth of the Ethereum network, numerous similar systems allowing smart contract deployment emerged trying to compete. While many of them kept outlining shining plans to become Ethereum killers, some remained silent and focused on growth instead of bragging rights. This seems to be the case with Tezos – a decentralized open-source blockchain executing peer-to-peer transactions that saw the light of day nearly four years ago. It has stayed below the radar...

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COTI in 2022, The Relationship With Cardano, NFTs & BTC: Interview with CEO Shahaf Bar-Geffen

Shahaf Bar-Geffen is the CEO and founder of COTI Network, a blockchain-based payments network. Bar-Geffen has a rich background in the tech field, and, believe it or not, back in 2016, he sold a media company by the name of Web3 to Mccan Erickson Group (IPG). He also founded a company called Positive Mobile – one of the first venues to advertise on smartphones and a company that was also acquired later on. His crypto passion started in 2015 and became even more serious when...

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Chinese Supreme Court Threatens Jailtime to Those who Fundraise With Crypto

Chinese courts will now issue jail sentences if individuals engage in fundraising activities via crypto from the public. New Guideline: Crypto Fundraising, A Punishable Offence After an intense crackdown on trading and mining, China is taking its anti-crypto stance to another level. For the first time, the Chinese Supreme People’s Court has announced amending the interpretation of the nation’s Criminal Law to make public fundraising through “virtual currency” illegal....

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NFT Sales and Floor Prices Slump Amid Broader Crypto Market Decline

The NFT sector has seen an explosion of interest throughout last year. In 2021 as well, the market kicked off with booming sales sharply, contrasting with the overall slump in crypto prices in January. After decoupling for a few weeks, NFT sales appear to be cooling down again. NFT Floor Price Take a Hit According to the latest stats, the floor prices of some of the top NFT projects, such as Bored Ape Yacht Club (BAYC), have been on a decline. The NFT market has faced a...

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FTX Launches New Gaming Arm With NFT Support

Popular crypto exchange FTX has plans to launch a gaming unit to offer mainstream gaming publishers support for non-fungible token (NFT) integration and other blockchain-powered collectibles. FTX to Provide Web3 Operability for Game Studios Bloomberg reported that the company will launch its gaming outfit in the coming months. The so-called FTX Gaming unit is set to function as a “crypto-as-a-service” platform for mainstream game studios. Also, the service will offer support...

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Top 10 NFT Marketplaces You Should Know in 2022

Tokenized assets and rare digital collectibles are raking in billions of dollars across NFT marketplaces, and everyone, including celebrities and top-notch artists, is looking for ways to take part in the craze. There are many platforms built on different blockchains that allow you to buy and sell non-fungible tokens. But before delving into the list of the top 10 best NFT marketplaces, let’s quickly look at the meaning of NFT and why there is a need for many NFT trading...

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NFTs Are In for a Massive Crash Like ICOs in 2019: Analyst

Non-fungible token marketplaces have shattered record-breaking trading volumes. But experts believe that the nascent space of NFT may see a crash soon that would mimic the 2019 ICO collapse. NFT Crash, If or When? An NFT crash may happen in the next six months. This was according to Ryan Carson, Chief Operating Officer, PROOF Collective, a podcast that covers the NFT ecosystem in-depth. His tweets regarding the same read, “The quick-flip 10k PFP projects, me-too derivs and...

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$1.7 Million in ETH Stolen from OpenSea Users: The NFT Marketplace Investigates

OpenSea users complained about a phishing attack that resulted in countless stolen non-fungible tokens, according to PeckShield. At the same time, the NFT marketplace said it was investigating these “rumors,” and any attack was not related to its website. Reports started to emerge earlier from OpenSea users who saw unsettling behavior in their accounts. Shortly after, the blockchain security company PeckShield alerted that there was an ongoing phishing attack, requesting...

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