Tag Archives: Non-Fungible Token (NFT)

Donald Trump’s latest public financial disclosure shows that he holds between $250,000 and $500,000 worth of Ethereum (ETH). Trump’s 2023 OGE financial disclosure documents, released recently, featured an item described as a “Cryptocurrency Wallet (Ethereum),” whose value the former President placed between $250,000 and $500,000. The content of the crypto wallet is likely tied to the sale of non-fungible tokens (NFTs) he launched in December 2022 after exiting the White...

NFT sales have had a rocky start in 2023 but the underlying technology still holds plenty of utility. Ticketing is an interesting yet underdeveloped facet of the NFT space. It stands out as a promising frontier for NFTs in the ever-evolving world of digital advancements. As a noteworthy application of NFTs, NFT tickets play a significant role in signifying ownership and facilitating access to exclusive experiences and events. These digital tickets serve as tangible proofs of...

The American gaming merchandise retailer – GameStop – announced it will remove its cryptocurrency wallets from the market as of November 1, 2023.  The entity launched those features in the spring of last year, enabling users to manage digital assets and non-fungible tokens (NFTs). The End of the Offering GameStop disclosed on its official website that it will remove its iOS and Chrome Extension wallets as of the beginning of November due to “the regulatory uncertainty of the...

Italian motorcycle manufacturer Ducati partnered with XRP Ledger to enter the Web3 space. The main goal is to launch its first-ever digital collectible, which is a video sequence of all the Ducati logos that have appeared on the tanks of motorbikes produced in Borgo Panigale from 1946 to the present day. The first release is essentially a gift to Ducati fans as it pivots into the Web3 world and is scheduled to be launched on Wednesday, 26 July. Users are required to sign up...

The digital asset market continues to experience one of its longest, most bitter winters in recent history, leading established companies in the space to introduce a fresh round of crypto job cuts. Prominent NFT firm and creator of the NBA Top Shot marketplace announced laying off 51 of its staff members. The latest round includes job cuts for full-time employees as well as C1 contractors. Dapper Labs’ Another Round of Layoff Dapper Labs CEO Roham Gharegozlou announced on...

The Portuguese soccer megastar Cristiano Ronaldo launched a new NFT collection called “Forever CR7: The GOAT.” The digital items are live on Binance NFT Marketplace and depict historic goalscoring moments from his career. Ronaldo’s memorable bicycle kick goal against Juventus in 2018 is featured as a Super Super Rare NFT with a bidding price of 15,000 USDT.  A Closer Look of CR’s NFTs The world’s largest cryptocurrency exchange inked a deal with one of the greatest soccer...

Nonfungible tokens (NFTs) have not recovered anywhere near the levels that crypto markets have. Even the largest collections in the industry, such as Yuga Labs’ Bored Ape Yacht Club, are heavily discounted. On July 3, Reflexivity Research co-founder Will Clemente revealed that BAYC was down 90% from its all-time high. Floor prices for the Ape-themed NFTs have slumped over the past few days, falling 23% over the last week. According to NFT marketplace OpenSea, the floor price...

NFTs continue to attract not only more users but also capture the eyes of fraudulent entities. Web3 threat actors have set their sights on digital collectibles, with millions of funds being lost through different scams and attacks. A new report suggested that such thefts in the NFT space declined in June but remain rampant. NFT Theft: June Edition Shedding light into the NFT crime landscape for the month, PeckShield’s analysis revealed that fraudsters stole approximately...

CryptoPunks, one of the first non-fungible token (NFT) collections on the Ethereum blockchain, has reached a significant milestone as it celebrates its sixth anniversary. Since its launch in June 2017, CryptoPunks has captivated the world with its 10,000 digital collectibles, leaving an indelible mark on the NFT realm as the largest NFT collection by market cap. According to data compiled by blockchain analytics firm Nansen, CryptoPunks currently has an estimated market cap...

NFT data firm Mnemonic has secured a $6 million seed extension round led by Salesforce Ventures. Other participants of the fundraiser include Polygon Ventures, Orange DAO, FIN Capital, and FJ Labs. The latest capital infusion will be deployed to accelerate the product roadmap of Mnemonic amid rising demand for deeper on-chain insights by expanding the suite of APIs. Mnemonic’s CEO and Co-founder, Andrii Yasinetsky, revealed that the capital funds the company’s “ambitious...