Browsing:NFT News

The Solana NFT platform Metaplex (MPLX) saw a huge drop of 60% in the value of its native token after the announcement of a second airdrop.
2 years ago 1 min read

Metaplex drop by 60% amid the second airdrop of its native token

The Solana NFT platform Metaplex (MPLX) saw a significant drop in the value of its native token. This comes after the announcement of a second airdrop. The Metaplex Token ($MPLX) is the governance and utility token for the Metaplex Protocol, which serves as the backbone of the Solana NFT ecosystem, and has been $0.35 on average over the previous two weeks. But it is now $0.12. This project’s announcement of a second token airdrop coincided with the 60% decline. In order to reward creators who made use of the project’s tools to publish their NFT collections on Solana, the Metaplex Foundation

Co-Founder & COO of The Sandbox, and Mike Butcher
2 years ago 3 mins read

Global tech leaders unpack the true value and impact of the Web 3.0 economy at GITEX GLOBAL 2022

UAE, October 10, 2022: International pioneers of the Web 3.0 economy are in Dubai, bringing a host of never-seen-before experiences and technology innovations to propel the next digital revolution at the world’s largest tech event, GITEX GLOBAL 2022. From Oct 10-14, Dubai World Trade Centre (DWTC) is hosting the global tech ecosystem, with over 1,000 thought-provoking speakers and more than 5,000 companies from 90 countries spanning 26 halls and two million sq. ft of exhibition space. H.E. Omar Bin Sultan Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, delivered the opening keynote speech

The historic alliance between the blockchain and the premier NFT event will promote NFT participation at events hosted by NFT.NYC around the world.
2 years ago 1 min read

Immutable announces a new multi-year agreement with NFT.NYC in a multi-year sponsorship

The historic alliance between the blockchain and the premier NFT event will promote NFT participation at events hosted by NFT.NYC around the world. Immutable has announced a new multi-year agreement with NFT. Immutable supports the Ethereum-scaling Layer 2 platform Immutable X and Immutable Games Studio with well-known games like Gods Unchained and Guild of Guardians. Immutable X has already established a track record as a reliable, cost-effective, and energy-efficient NFT platform.  Gods Unchained, a popular Web3 competitive trading card game created by Immutable Game Studio, recently unveiled an exclusive program for GameStop’s GameStop PowerUp Rewards Pro members.  This program gives

CoinGecko's data show that the apparel and luxury goods industries are leading in the adoption of tradable non-fungible tokens (NFT)
2 years ago 1 min read

Apparel and luxury goods industries are leading the NFT adoption

According to a recent research study by CoinGecko, the apparel and luxury goods industries are leading in the adoption of tradable non-fungible tokens (NFT), with major brands launching their own NFT collections. The crypto aggregator discovered that the apparel and luxury goods sector has advanced significantly faster than other industries, with 19 of the sector’s top brands taking part in NFT projects since 2020. The study looked at both international and conventional brands that have, independently or in collaboration, entered the NFT space since 2020. All companies had to have their corporate headquarters in either the US or Europe. While leading companies

Yuga Labs, the team behind the famous Bored Ape Yacht Club NFT collection, introduced its new "community council" as the newest community initiative for their projects.
2 years ago 1 min read

Yuga Labs introduces its first Community Council

Yuga Labs, the team behind the famous Bored Ape Yacht Club NFT collection, introduced its new “community council” as the newest community initiative for their projects. The council, which was established by seven appointed BAYC holders, has received mixed reviews in its early years. A Yuga Labs blog post that includes a profile of each of the seven council members broke the news to the public. The list includes a range of Bored Ape owners engaged in web3 marketing, community building, and other activities. In the statement, the team said, “We see the community council as a critical part in

CryptEye, a cryptocurrency analytics website, reported that an unidentified whale purchased 70,86 billion Shiba In (SHIB) worth $730,000 on October 10.
2 years ago 1 min read

Shiba Eternity Game is currently available on Android and iOS

After initially debuting in Australia and Vietnam, the eagerly anticipated Shiba Inu card collectible game is now accessible worldwide. An official announcement states that Shiba Eternity, the collectible card game featuring Shiba Inu, is now available worldwide on both Android and iOS devices. Lead developer Shytoshi Kusama claims that he will concentrate on completing a thorough players’ manual for the game. During the testing phase, some Shiba Inu fans had the chance to play the game in Australia and Vietnam. The community members are occupied downloading and reviewing the app now that the game is accessible to everyone in the

The Latin Recording Academy negotiated a three-year deal for award show-related non-fungible tokens (NFTs) and will showcase its first-ever NFT collection at this year's 64th Latin Grammy Awards.
2 years ago 1 min read

Latin Grammy Awards signs three-year contract for an NFT award show

The Latin Recording Academy negotiated a three-year deal for award show-related non-fungible tokens (NFTs) and will showcase its first-ever NFT collection at this year’s 64th Latin Grammy Awards. Drops featuring Latin music will be included in each collection, which will precede the awards show for that year. This is a fresh musical innovation, says Manuel Abud, CEO of the Latin Recording Academy, and a chance for fans to “own a piece of the Latin GRAMMYs:” In the months preceding to the award ceremony on November 18, the Latin Grammy Awards NFTs will be revealed. You should know that the first

Three Arrows Capital fund moves over 300 NFTs to a new address
2 years ago 1 min read

Over 300 NFTs are relocated to a new location by the Three Arrows Capital (3AC)

Numerous NFTs have reportedly been transferred from the 3AC-linked fund to a Gnosis Safe address. According to blockchain service provider Nansen, approximately 300 non-fungible tokens (NFTs) have left Starry Night Capital, an NFT-focused fund established by the co-founders of the now-defunct hedge fund Three Arrows Capital (3AC). Su Zhu, Kyle Davies, and NFT collector Vincent Van Dough under the alias of Su Zhu and Kyle Davies launched The Starry Night Capital last year. At the time, the fund intended to invest only in “the most coveted” NFTs available. On October 4 on Twitter, blockchain data company Nansen highlighted that the

Samsung Latin America enters cryptocurrency metaverse
2 years ago 1 min read

Samsung Establishes the “House of SAM” in the Ethereum-Based Decentralized Metaverse

According to reports, Samsung Latin America opened the “House of Sam” virtual experience shop on October 1 in the Ethereum-powered metaverse Decentraland ($MANA). Decentraland is a community and virtual world based on blockchain technology. Users can develop and own plots of land works of art, and non-fungible tokens (NFTs). In an article for the news website Livecoins on October 1, Gustavo Bertolucci reported that “Samsung Latin America is opening its own space in a metaverse environment with cryptocurrencies, which will be called “House of SAM,” using Decentraland (MANA).” Since Samsung also introduced the island Smart City in the video game

Imaginary Ones NFT x Hugo
2 years ago 1 min read

Hugo Boss partners with the NFT collection, Imaginary Ones, to launch a “360-degree metaverse experience”

Hugo, the youthful division of Hugo Boss, announced that it would collaborate with the imaginative NFT project Imaginary Ones to bring its clothing into the metaverse. Imaginary Ones original NFTs are a collection of 8,888 animated characters with a floor price of 0.73 ETH ($980), at the writing time. Hugo revealed on Tuesday that it will launch a “holistic, 360-degree metaverse experience” as part of a “global refresh” of its brand. Embrace Your Emotions will be the title of the NFT collection, which debuts in early November and consists of 1,001 three-dimensional animations (EYE). Imaginary Ones explained the NFT collection’s

Moonbirds, a well-known Ethereum NFT project, will implement community governance through a DAO, or decentralized autonomous organization, which is expected to debut in early 2023, according to the project's inventor Proof.
2 years ago 1 min read

Moonbirds DAO will launch With $2.6M in Ethereum and NFTs from Kevin Rose’s Proof

Moonbirds, a well-known Ethereum NFT project, will implement community governance through a DAO, or decentralized autonomous organization, which is expected to debut in early 2023, according to the project’s inventor Proof. The previously confirmed DAO structure, which is being established to “empower creatives that are building towards furthering the Moonbirds ecosystem, reputation, and lore,” received more information from Proof, which was co-founded by CEO and tech entrepreneur Kevin Rose, according to an official doc explainer. Owners of current and future Moonbirds Mythics NFTs will be able to join and take part in the Moonbirds DAO in this instance, submitting and

hi launches world’s first NFT Customizable Card with Mastercard
2 years ago 1 min read

Mastercard lets users customize their debit cards with NFT images

hi, which describes itself as a financial app that supports fiat and cryptocurrencies, and the credit card industry giant Mastercard, have partnered. As a result of this collaboration, owners of games like CryptoPunks, Moonbirds, and Bored Apes NFTs will be able to have the image of their favorite character imprinted on the plastic inside their pockets. Furthermore, NFT debit cards are only offered to Gold, Platinum, and Diamond members of hi’s total of six membership tiers. As of the time of writing, staking 100,000 hI tokens would require locking up about $5,000. Commenting on the partnership, co-founder of hi, Sean

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