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Tag Archives: Non-Fungible Token (NFT)

Animoca Brand’s Subsidiary TinyTap Closes $8.5 Million Funding Round

TinyTap – a technological startup that empowers users to create different educational game-based activities – secured an $8.5 million fundraiser. The company, which is a subsidiary of the blockchain gaming platform Animoca Brands, will use the funds to accelerate its product development and hire more staff. Several giants in the finance field led the multi-million funding round, including Sequoia Capital, Liberty City Ventures, Shima Capital, and Kingsway Capital. Polygon...

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OpenSea Pro Retaliates Blur’s Dominance in NFT Market: Data

Blur appears to have lost its title as the world’s most popular NFT marketplace. OpenSea Pro was rebranded and unveiled to court active traders from Blur. The latter was eating away at OpenSea’s market share since its launch last October. The counteroffensive proved somewhat successful as data suggest that the new “polished” NFT aggregator has surpassed Blur by daily transaction count. Delphi Digital’s analysis indicates that OpenSea Pro has surpassed transactions since...

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NFT Collector Destroys $129K CryptoPunk: How to Protect Your NFTs

Last month a crypto Twitter influencer accidentally destroyed their $129K CryptoPunk NFT. Here are some best practices to protect your NFTs from losses to technical mishaps with your crypto. “This is truly a devastating mistake for me.💔 But I did this myself, and it is no one’s fault but my own. Both the beauty and the curse of self-custody,” tweeted crypto investor Brandon Riley, “Stay safe out there, everyone, and please be way more careful than I was. Thank you to so many...

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OpenSea Launches New ‘Polished’ Zero-Fee NFT Aggregator

In the wake of fierce competition from rival Blur for the top spot, NFT giant OpenSea announced a new aggregator platform that boasts zero fees for a promotional period, advanced order types, as well as “deepest liquidity, and fastest speeds.” Dubbed “OpenSea Pro,” the marketplace was previously known as Gem, acquired by OpenSea last April. The move is an attempt to appeal to the pro-traders, a demographic that Blur is known to cater to. OpenSea Pro According to the official...

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Argentinean Airline Becomes the First to Offer Tickets as NFTs on Algorand

Flybondi – a low-cost airline in Argentina – became the first in its field to launch flight tickets in the form of non-fungible tokens (NFTs). The initiative, dubbed Ticket 3.0, is already available for clients willing to fly to domestic destinations. Eliminating the Usual Restrictions The company announced on its website that each purchased ticket will be issued as an NFT on the Algorand blockchain. The integration is an expansion of Flybondi’s existing partnership with...

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NFT Market Hit $4.7B in Sales in Q1: DappRadar

The NFT sector appears to be clawing back as the sentiment around the broader crypto market recovers. The emergence of new players and changing dynamics have resulted in a rapid evolution of the non-fungible token space. Despite a frantic start, NFTs had a strong Q1 2023. NFT Market Recap: Q1 2023 According to a report by DappRadar, the NFT market has had an impressive start to the year. In fact, Q1 2023 turned out to be the best quarter since Q2 2022. While NFT trading...

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UK Treasury Drops Plans to Launch NFT, Keeps Proposal Under Review

The United Kingdom has dropped its plans to launch a government-backed non-fungible token (NFT) aimed at enhancing the country’s approach to crypto assets. Andrew Griffith, Economic Secretary of the Treasury, disclosed to Parliament that the Royal Mint, tasked with creating the NFT, would not proceed with the plan but would keep the proposal under review. HM Treasury Cancels NFT Plans Recall that Rishi Sunak, the UK’s Prime Minister and former Chancellor of the Exchequer,...

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Gucci Forges Multi-Year Partnership With BAYC Creator YUGA Labs

Gucci announced a multi-year partnership with Yuga Labs, the company behind well-known NFT collections such as Bored Ape Yacht Club (BAYC), CryptoPunks, and Meebits. The main aim is to explore “the intersection between fashion and entertainment in the Metaverse,” according to the press release. With the latest move, the Italian high-end luxury fashion house is cementing its place as an early mover in Web3. Gucci-Otherside Robert Triefus – who happens to be Gucci’s senior...

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Magic Eden Launches Bitcoin NFT Marketplace 

Multi-chain non-fungible token (NFT) marketplace Magic Eden has launched a “fully audited” marketplace on the Bitcoin network as interest in Ordinal NFTs continues to grow. In a press release, Magic Eden said it released the marketplace in honor of Bitcoin’s culture. Riding on the “lightning pace of adoption” that followed the launch of the Ordinal theory, the platform aims to empower collectors and creators, giving them access to appropriate tools. Magic Eden Catches Ordinal...

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Silicon Valley Bank Drags Down NFT Trading Volume by 51%: Report

Silicon Valley Bank (SVB) was the backbone of many startups and venture capital funds around the world. Its collapse signifies the biggest banking failure since the 2008 financial crisis. While the crypto market has largely been spared from an adverse effect, the same cannot be said for the non-fungible token (NFT) space. According to the latest edition of the DappRadar report, the NFT traders went “numb” in response to the banking turmoil in the United States. NFT Space...

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