Tag Archives: Non-Fungible Token (NFT)

On January 30, Sorare, a Paris-based startup specializing in blockchain-based fantasy football games, announced its partnership with the Premier League, the top tier of English football leagues. The collaboration will launch digital cards featuring Premier League players for the Sorare game. Sorare’s fantasy football game is currently valued at $4.3 billion, and the terms of the multi-year agreement with the Premier League have not been disclosed. However, it is estimated to...

Less than a month into the new year, the market is already showing sustainable signs of recovery, and the “creative destruction” that transpired could ultimately be a huge win not just for the consumer but also in terms of regulatory protections and rapid innovation, as well as lowered cost structures. Despite the many ups and downs, crypto has become a serious player in the world economy. Investors are still pouring their portfolios into the asset class. According to OKX’s...

Amazon is reportedly working on a digital assets company that will power an NFT marketplace this spring. According to sources interviewed by the media outlet Blockworks, the retail giant has been buying digital collectibles companies from various players in the crypto ecosystem to power its new venture. So far, Amazon has invested in layer-1 blockchains and crypto gaming companies and has hired developers from NFT companies and cryptocurrency exchanges for its own blockchain...

Ethereum Liquid Staking tokens are going through the roof. Lido is up 150% in a month, similarly Frax Shares, while other protocols, such as Rocket Pool, are also catching up.  But that’s not all. NFTs are also seeing massive volumes for multiple consecutive weeks, showing little signs of slowing down. The question now is for how long this positive trend will sustain – is it a dead cat bounce or the beginning of a much-awaited recovery? To help us crunch the numbers and...

The price of Ethereum, BNB Coin, Solana, and other DeFi altcoins kept running this week. New data in a report out from DappRadar reveals there were more NFTs sold in 2022 than the year before. DappRadar: NFTs Sales in 2022 Soared In more good news for cryptocurrency’s DeFi platforms, NFTs sold last year topped sales numbers from the year before. A new report from on-chain analytics firm, DappRadar, reveals the extent that NFTs are reshaping digital ownership in the 2020s. 101...

The crypto industry has seen a significant surge in the number of developers working on various projects, according to a new report by Electric Capital. The firm, which has invested in several early-stage Layer-1 platforms and crypto startups —like Bitwise, Gitcoin, dYdX Near Protocol, and Inmunefi— found that the number of developers in the crypto industry has doubled over the past two years. Electric Capital obtained its data by identifying 250 million code commits across...

Magic Eden revealed that it will refund all the users who mistakenly bought unverified NFTs that showed up on the collection pages as a result of a recent breach. In a statement, the Solana-based NFT marketplace said that a bug was deployed in an update to two of its features – Snappy Marketplace and Pro Trade tools. As a result, unverified NFTs were listed in these two tools. More technically, the newly deployed “activity indexer” failed to detect dupe NFTs. Instead, the bug...

Solana’s largest non-fungible token marketplace Magic Eden recently found itself in a bizarre situation after the platform displayed pornographic images and stills from the award-winning comedy series The Big Bang Theory instead of NFT collections. Shortly after the incident, users began speculating that the NFT marketplace may have been compromised. However, Magic Eden clarified that the incident was caused by a third-party image hosting provider supposedly experiencing a...

Crypto traders are converting worthless NFTs into tax breaks. They’re using a service started just for that purpose. Others are taking advantage of IRS tax loopholes for tax breaks on their losses from BTC, ETH, and others this year. That’s how bad the crypto winter is getting as the frost sets into planet earth’s northern hemisphere. But in a sign of persistence and entrepreneurial spirit, crypto markets are reacting. NFT buyers are now helping people with their underwater...

On December 28, NFT artist Lucréce reported via Twitter that he is in talks with Arthur Breitman, co-founder of Tezos, to get an explanation from Manchester United soccer about why its new NFT collection uses designs and styles similar to his own. Lucréce’s collection is much older than United’s and has higher prices, reaching approximately 21 ETH ($24,919) per NFT. In contrast, each of the Red Devils’ 7,777 NFTs sold for about $40, running out of stock immediately after...