Tag Archives: Non-Fungible Token (NFT)

Immutable X – a layer 2 NFT trading platform built on Ethereum – announced the closing of a $200 million Series C funding round on Monday. Led by Singaporean investment company Temasek, the round brings Immutable’s valuation up to $2.5 billion. Expanding the Team 5 other new investors also partook in the round, including Princeville Capital, Arrington Capital, ParaFi Capital, Mirae Asset, and Liberty Global. Meanwhile, existing investors such as Prosus Ventures, AirTree...

Last year, Facebook rebranded its company name to Meta in a bid to pioneer the metaverse field, and ever since, this word has spread around like wildfire. Non-fungible tokens (NFTs), on the other hand, were undoubtedly the hottest topic of 2021, and this trend seemingly carried through in 2022 as well. Now, however, it appears that retail interest in both is fading. Google Trends Data Alarming Data from Google Trends is usually a good way to gauge the retail interest in...

Ukraine’s NFT auction has come to a very profitable end: On Wednesday, the country raised $6.75 million worth of ETH after a three-day bidding process for an image of its flag. The bidding process began on February 26th, when the flag NFT was listed. It ended on March 2nd, in a sale for 2,174 ETH. A long list of over 3000 smaller contributors helped bring that number up to 2,258 ETH. Though worth $6.75 million at the time, it is now worth $5.69 million due to a decline in...

Hundreds of NFTs were stolen in the TreasureDAO exploit, conducted through a series of transactions. The attackers were able to exploit a bug in the protocol that enabled them to mint NFTs for free. Soon after, the platform urged its users to delist their non-fungible tokens from the marketplace. TreasureDAO Exploited In yet another major blow to the NFT industry, the latest project to have fallen victim to a massive beach is – TreasureDAO – the biggest NFT marketplace on the...

The global sports NFT market will see a transaction count of over $2 billion this year, Deloitte’s Technology, Media, and Telecommunications (TMT) Predictions 2022 has said.  Throwing a spotlight on the emerging Indian sports and entertainment NFT market, the TMT forecast says it will grow to $1 billion in the near future.  Global Sports NFT Trends “By the end of 2022, we expect that 4-5 million sports fans globally will have purchased or been gifted an NFT sports...

American multinational e-commerce giant eBay is eyeing to integrate crypto payments. In a recent interview, CEO Jamie Iannone said the firm might leap very soon. Primarily, eBay wants to capture the GenZ and millennial audiences. Appealing to the Younger Generation eBay is one of the oldest e-commerce corporations. It was founded in 1995. In an exclusive interview with The Street, Iannone said the official announcement for the much-anticipated crypto integration platform...

Despite the “FUD,” Pixelmon’s founder Syber says he isn’t going anywhere. The Pixelmon saga isn’t looking good. The well-funded NFT adventure game has received severe backlash from the community after a disastrous reveal. But who’s to blame? Is Pixelmon Really The Next Blue Chip? Back in December 2021, Syber – the user who founded the project – had declared that Pixelmon is the next blue chip. Fast forward to three months, the project’s founder says that the team needs more...

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...

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...

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...