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Saturday, May 11, 2024

NFT

Meta scales back on NFTs

It seems as if Meta has been going through a wide restructuring. They have been cutting out the non-essentials within the organization and focusing on the key areas that are deemed important enough to sustain the business. The very name...

OpenSea is seeking a $13 billion dollar valuation in new funding round

OpenSea is currently on the market raising money which will raise its valuation to $13 billion. Over the last year, we have seen a staggering rise in NFT (Non-Fungible Token) projects. Some of them have been able to sell NFTs...

Nike enters the Metaverse with RTFKT acquisition

Nike wants a piece of the Metaverse as they acquire a non-fungible token (NFT) studio that produces virtual apparel. It’s a move that will further strengthen Nike’s stance on NFTs and the Metaverse. Nike CEO and president John Donahoe, further...

Adidas Inks NFT Partnership

Non-fungible tokens (NFT) had a break-out year within the crypto space. We have seen periods of crowd-driven mania and cooling of interest. Overall, the industry is steadily growing within the crypto community and gaining recognition from top brands. Thus...

Coinbase is preparing to launch an NFT platform

As time goes on, it seems like the NFT market is more than a short-term fad. This year has been an emotional ride for crypto investors and NFT collectors. Investors have experienced both extreme highs and lows in the...

Tik Tok has eyes set on the NFT space

Tiktok, the world’s fastest-growing social platform, will be experimenting with NFTs with Tik Tok Top Moments. It features content from their main creators such as Grimes, Lil Nas X, Bella Poarch, etc. On their website page for this launch,...

Opensea bans insider trading after employee takes advantage

Opensea finally succumbs to the pressure of banning employees who were profiting off insider information. A high-level executive was accused of profiting off artworks quickly after they were promoted on the website’s front page. In the report, they said that...

What are NFTS and why you need to know

We are now close to the end of the 3rd quarter of 2021 and while our governments are still grappling to get our society to some level of normalcy, a lot of changes have happened. Depending under which guise...

Mystery buyer purchases 24.4 million in bored ape NFTs

An unknown buyer purchased 101 NFTs (Non-Fungible Tokens) on Sotheby costing 24.4 million. These NFTs are all based around “bored apes” from the Bored Ape Yacht Club collection. Each ape is deemed to be unique with different characteristics: bored...

Over $3.5 billion worth of NFTs was traded on OpenSea in August

August has been a good month for non-Fungible tokens (NFTs), and brands are now adding fuel to the perceived craze. OpenSea which is the largest NFT marketplace at the moment trades over $3.4 billion dollars across 1.67 million NFTs....
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Latest News

Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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