Tag Archives: Non-Fungible Token (NFT)

According to Hong Fang – Chief Executive Officer of the US cryptocurrency exchange OKCoin – bitcoin’s price could surge past $100K. However, there are a lot of elements that play in the short-term, meaning the asset might not reach the milestone that soon, she added. Bitcoin at $100K Is ‘Reasonable’ Despite bitcoin’s recent price decline and volatile nature, the number of individuals envisioning the cryptocurrency with a future price tag of $100,000 is growing daily. OKCoin’s...

Non-fungible tokens have been the hottest trend in 2021. They saw global recognition, mainstream adoption, and overall acceptance in and out of the cryptocurrency industry. The astronomic surge in popularity of non-fungible tokens (NFTs) led to a massive demand (and an even higher supply) of various collections, each one with its intricacies and perks. Undoubtedly, one of the most popular NFT collections, which even became the most expensive in terms of floor price as of...

Speaking to CNBC on Jan. 11, the billionaire investor said he looks for utility when researching crypto investments. He followed up with “tokens trading are the least important part of crypto” in a Tuesday tweet. Decentralized platforms leveraging smart contract technology and DAOs are his preferred choices, he stated. Tokens trading are the least important part of crypto. Being able to create businesses on decentralized platforms leveraging smart contracts, validators,...

Jeff Zeller has been named by CryptoCom NFT as its Senior Director of NFT Partnerships and Business Operations, a PR from the exchange said on Wednesday. Zeller previously occupied senior positions at Sony Music and Apple and was the director of Entertainment Partnerships and Marketing at ESPN before joining the crypto firm. New CryptoCom NFT Senior Director The announcement shared with CryptoPotato informed about the hiring of Zeller, who came directly from ESPN. The company...

The Gap – a worldwide clothing retailer – recently announced the launch of its first NFT collection through Tezos. The collection features a “gamified digital experience” for creatives and lets customers digitally own a collectible Gap hoodie. The Gap Apes Into NFTs The clothing brand announced its NFT project in a statement from its site on Wednesday. The new collectibles were reportedly designed in partnership with Brandon Sines – the artist who created the Frank Ape NFTs....

One of the world’s biggest tennis tournaments – the Australian Open (AO) – is entering both the NFT and Metaverse side of the cryptocurrency industry. This year’s championship will also be held in Decentraland — a leading virtual reality platform. At the same time, fans will be able to participate further by buying non-fungible tokens linked to live match data. AO Dives into the Metaverse As Omicron cases in Australia surge, the organizers of the Australian Open decided to...

Steven Galanis, the CEO of the leading marketplace for personalized video shoutouts – Cameo – joined the NFT world by purchasing a Bored Ape Yacht Club art for 100 ETH. At the same time, Migos’ Takeoff said he bought a Mutant Ape Yacht Club NFT. After the stellar 2021 NFTs had, specific projects from the industry continue to attract business people and celebrities in 2022 who allocate funds to digital arts and even update their Twitter profile picture to include them. BYAC is...

MoonPay – a fintech payment infrastructure provider – recently bought a zombie-themed CryptoPunk for over $3 million. The company often operates as a middleman for celebrity NFT purchases, leaving many to speculate which high-profile figure is behind the buy. Yesterday at 11:52pm UTC, MoonPay purchased the NFT for 900 ETH. With ETH worth $3,406.48 at the time, that’s a $3,065,832 buy. MoonPay released a tweet shortly afterward promoting followers to “guess” who the purchase...

The first week of 2022 is starting off rather dramatically for Bitcoin and the rest of the cryptocurrency market, the total capitalization of which is down about $240 billion in seven days. This comes as the US Federal Reserve revealed plans to start reducing its balance sheet, which may start as soon as the next several months. It’s safe to say that the Bitcoin price has seen better days. Down about 12.5% since this time last week, BTC currently trades at around $41,400. For...

The electronics giant Samsung introduced a new feature allowing clients to virtually attend quests or live music events. The company’s new metaverse experience is called Samsung 837X and is modeled on the physical flagship location in New York. Samsung Joins The Metaverse League In a January 6 announcement, the Korean firm described the feature as an “immersive world that can be explored virtually.” Samsung 837X is an “experiential playground for people to discover the...