Browsing:NFT News

Aave logo
2 days ago 1 min read

Aave purchases a web3 mobile social gaming app

Sonar, a mobile social gaming app that supports NFT-based avatars, was acquired by Aave Companies in an effort to expand the Lens Protocol for identity across Web3 consumer products. Ben South Lee, co-founder of Sonar, joins Aave as senior vice president of product and design. Sonar co-founder Randolph Lee will join Aave as a principal engineer. The two will lead a team focused on developing mobile-facing applications that integrate Aave’s Lens protocol, a decentralized identity platform for web3 services. Thousands of active users of Sonar, an app available on iOS, can communicate with each other through personalized avatars which can

NFTs in China
2 days ago 2 mins read

A court in China declares that NFTs are considered virtual property and are legally protected

The court stated that NFTs, which are digital assets that are unique and non-interchangeable, belong to the category of virtual property that should be protected by Chinese law. A court located in Hangzhou, China has declared that non-interchangeable tokens (NFTs) are seen as virtual possessions that should be safeguarded under Chinese law. An article posted on November 29 by the Hangzhou Internet Court and shared by the crypto blogger Wu Blockchain on December 5 showed that after China’s crackdown on cryptocurrencies in 2021, NFTs are in a legal grey area, but the language used by the court is fairly positive.

Reddit NFT collectible
4 days ago 1 min read

Reddit digital collectible or NFT minting reaches a record high

On Saturday, about 255,000 Reddit digital collectibles were produced, breaking the previous record of more than 200,000 mints set on August 30 and August 31. According to data from Polygon analytics on Dune, it brings the overall number of digital collectibles — the term Reddit uses for its Polygon-based NFTs — in use to about 4.4 million. The polygon-based digital collectibles, which are used as avatars on Reddit’s social networking platform, have been hailed as a successful introduction of NFTs to mainstream consumers. Reddit announced its intentions to create collectible digital avatars in July after introducing tokenized community points earlier

Coinbase Wallet iOS
6 days ago 1 min read

Apple wants 30% of Ethereum gas fees from Coinbase Wallet

Coinbase Wallet stated that it was forced to block NFT transfers on iOS because Apple required 30% of the NFT transfer gas fees. Apple is making negative headlines in the cryptocurrency industry once again for its fee demand. On December 1, Coinbase tweeted that NFT transfers on Coinbase Wallet were blocked on iOS devices. According to the explanation, “the gas fees required to send NFTs must be paid through their In-App Purchase system.” If Coinbase did this, it would be paying Apple’s infamous “Apple tax” as well as 30% of Ethereum gas fees. This was categorically impossible, according to Coinbase,

Polygon football NFT collection
2 weeks ago 1 min read

32 new NFT football collections are now available on the Polygon platform

NFTs are being introduced by Polygon blockchain to honor the game and create a global community. At the moment, football is a hot topic. In Qatar, the FIFA World Cup is the most well-attended event. Additionally, well-known players are entering the Blockchain markets. FIFA has collaborated with a 3 million-user metaverse to build fandom in the Virtual World in addition to creating the NFTs and the FIFA World Cup. The well-known football player Cristiano Ronaldo recently made his way into the blockchain community by launching the first-ever NFTs collections on the Binance platform in order to increase fandom and make

Rockstar Games, the creator of Grand Theft Auto
2 weeks ago 2 mins read

Rockstar Games, the creators of Grand Theft Auto, has banned NFTs on third-party servers

Rockstar Games, the creator of Grand Theft Auto, announced that developers cannot integrate cryptocurrencies or crypto assets such as NFTs. The new rules are aimed specifically at role-playing servers. Consider them spin-offs of the original GTA 5, created by fans and developers rather than Rockstar Games. They expand on what players can do in the standard game by allowing them to play as normally unplayable characters such as cops, judges, or taxi drivers. Despite the new restrictions, the company stated that it continues to support these servers. It also prohibited the importation or misuse of other intellectual property in the

Adidas NFTs
3 weeks ago 1 min read

Adidas Originals launches a new line of NFT wearables in the virtual gear category

A small selection of blockchain-based “virtual gear” wearables from Adidas Originals have been unveiled; these NFTs will be sold on the Adidas metaverse. The designs in the collection, which features eight silhouettes with 16 different iterations, are a glimpse into an unheard-of future. The introduction of Adidas’ first NFT line of wearables, a brand-new category of virtual goods that is open to interoperability, advances the company’s efforts to advance its community-based, member-first metaverse vision. The virtual collection was unveiled after a teaser campaign with the Adidas Discord group, and it is now available in the wallets of current owners of

Binance Academy NFT certificate
3 weeks ago 1 min read

Binance introduces free crypto courses with NFT certifications

Binance has launched free online courses on blockchain, crypto, the metaverse, and Web3 via the Binance Academy learning platform. The beginner course, which consists of six modules, will cover the fundamentals of cryptocurrency, blockchain, decentralization, metaverse, crypto trading, and investing strategies. Those who complete it successfully will receive a Binance non-fungible token (NFT) certificate. Future releases of intermediate and advanced levels, as well as professional certificates for students aspiring to careers in the blockchain and cryptocurrency space, are planned to follow the initial course, called “Blockchain Fundamentals.” The modules will be taught in English at first, with the addition of

Cristiano Ronaldo NFT collection
3 weeks ago 1 min read

Cristiano Ronaldo to release his NFT Collection on Binance

The five-time Ballon d’Or winner and Manchester United player, Cristiano Ronaldo, is set to introduce his non-fungible token (NFT) collection on Binance. Ronaldo tweeted that his NFT collection is coming on November 18, exclusively on Binance. In addition, he said that fans can use a referral code to get “a surprise when the collection drops.” According to the press release, a Cristiano Ronaldo mystery box may contain limited-edition Ronaldo NFTs for the first 1.5 million new Binance users who use the code. Binance published the news saying, Since our initial announcement of the groundbreaking multi-year partnership between Binance and CR7,

mintable-xrp NFT marketplace
3 weeks ago 4 mins read

Mintable Now Supports NFT Transactions and Minting on the XRP Ledger

SINGAPORE, Nov. 16, 2022 (GLOBE NEWSWIRE) — Mintable, a top NFT marketplace and minting platform, has launched support for Non-Fungible Tokens (NFTs) on the XRP Ledger (XRPL), the fast and energy-efficient blockchain for the tokenization of assets. Users will now be able to buy, sell, and mint NFTs on the XRPL securely with ease and cost efficiency. Mintable will partner with Ripple, the leader in enterprise blockchain and crypto solutions, to bring creators and developers together to enable the creation of high-quality NFT projects and provide a no-code solution for independent creators on the XRPL. While there are currently many blockchain alternatives to

Sony PlayStation NFT
3 weeks ago 1 min read

PlayStation enters the NFT space

Sony appears to be researching blockchain and NFT technology for tracking in-game assets in video games, according to a published patent. Sony PlayStation has recently applied for a patent that reveals it is considering using NFTs to track in-game assets. Sony is showing an increasing amount of interest in NFTs and blockchain technology, according to PlayStation’s patent applications. “Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger” is the name of the patent. It is primarily concerned with the creation, use, and modification of in-game assets—the expected applications for NFTs in gaming. Although the patent was first submitted

Nike NFT platform
3 weeks ago 1 min read

Nike unveils its NFT platform

Nike has announced the launch of an NFT marketplace called “.Swoosh” as its latest foray into the non-fungible token (NFT) and Metaverse space. While .Swoosh is still in beta, Nike announced that its “first digital collection” will launch on the Web3 platform in 2023, with the remainder of 2022 devoted to platform and user growth. Digital sneakers, apparel, accessories, and other collectibles are among the “virtual creations” that will be available next year. Furthermore, some will grant access to real-world products and events. Following the release of the first collection, members can participate in a community challenge to win the