Browsing:NFT News

Paralell crypto Market
2 years ago 4 mins read

Parallel Launches First-Ever Web3 KYC/AML Compliance Solution

NEW YORK, Sept. 7, 2022 /PRNewswire/ — Parallel Markets, an identity infrastructure company, announces the launch of the Parallel Identity Token, the first-ever regulatorily compliant KYC/AML solution for Web3. The PID Token is a fully on-chain, non-transferable identity token that preserves the Web3 principles of decentralized anonymity while confirming critical aspects of a wallet owner’s identity. The PID Token never stores or displays any Personal Identifying Information (PII), but does contain the necessary information to assure market participants that their counterparties do not have a history of fraud and are not subject to sanctions. The PID Token is supported by

Cuyler Pagano Crushes NFT Comic Book Crowdfunding Goals
2 years ago 4 mins read

Cuyler Pagano Crushes NFT Comic Book Crowdfunding Goals

ALBUQUERQUE, N.M., Sept. 7, 2022 /PRNewswire/ — CEO and Founder of Abraxas DAO, Cuyler Pagano is extremely excited about the successful launch of his first comic book. Punkin Patch Issue #1, Rise of the Punkins, far exceeded his expectations, crushing his crowdfunding goal by 945%. Going into the campaign with little to no followers and no name recognition meant that it would take some serious work and marketing to get out in front of potential buyers and build his reputation in the comic industry. However, after only 12 hours, the Punkin Patch had been fully funded and kept growing. “The

LG Electronics launches NFT platform with Hedera
2 years ago 1 min read

LG Electronics launches NFT platform with Hedera

The Hedera blockchain assisted LG Electronics, a television business with headquarters in Seoul, in the launch of a new NFT platform. The platform of the business is known as LG Art Lab. According to a statement, it will allow to buy, sell, and exhibit digital art in the form of NFTs on their televisions. LG is not the first significant business to notice an opportunity in the NFT market. In June, the Swiss watchmaker Tag Heuer unveiled a new technology that allowed users to show NFTs on the face of specific smartwatches. LG Art Lab is accessible in the US

Sudoswap, a decentralized NFT marketplace, has announced an Ethereum Token airdrop
2 years ago 1 min read

Sudoswap, a decentralized NFT marketplace, has announced an Ethereum Token airdrop

Sudoswap has just announced the launch of SUDO, a native governance token with the majority reserved for holders of XMON tokens. The decentralized NFT marketplace announced that a total of 60 million Ethereum-based SUDO tokens would be distributed to project participants. Those who also own XMON, the utility token that powers the popular NFT project 0xmons, will receive the lion’s share (41.9%) of the SUDO drop through a lockdrop event. GAN-generated 0xmon NFT holders will also receive 1.5% of the SUDO supply. According to the post, “XMON holders will be able to lock their XMON as an indication of their

OpenSea chooses Ethereum Proof-of-Stake (PoS) following Merge
2 years ago 2 mins read

OpenSea chooses Ethereum Proof-of-Stake (PoS) following Merge

Although the NFT marketplace giant will not support Ethereum forks, OpenSea competitors may. Once the network’s highly anticipated upgrade—the Merge—is completed, OpenSea will support the proof-of-stake Ethereum chain. The Ethereum Merge will convert the blockchain’s current proof-of-work consensus to a more environmentally friendly, 99.9% more energy-efficient version. The event, which is expected to take place on or around September 15, has prompted many crypto platforms to prepare for the change. OpenSea said in a Twitter thread on Thursday, “First, and most importantly, we are committed to solely supporting NFTs on the upgraded Ethereum PoS chain.” It also mentioned potential Ethereum

Digital Agency YML Launches FIREWATCH NFT Project to Restore California Forests
2 years ago 3 mins read

Digital Agency YML Launches FIREWATCH NFT Project to Restore California Forests

REDWOOD CITY, Calif., Aug. 31, 2022 /PRNewswire/ — YML, a Silicon Valley-based, award-winning digital agency responsible for building some of the most revolutionary digital creations for trailblazing Fortune 500 companies and hyper-growth startups, today announces the launch of FIREWATCH, a first-of-its-kind NFT project designed to prevent wildfires and promote reforestation in California. Marking a key moment in the next wave of sustainable Web3, FIREWATCH will allow consumers to “break new ground” by purchasing a carbon-neutral pop art NFT cross-section footprint of the California landscape. All proceeds will support wildfire prevention and conservation through One Tree Planted, a non-profit organization dedicated

Xterio, a blockchain gaming company, raises $40 million in funding led by FunPlus and FTX Ventures
2 years ago 1 min read

Xterio, a blockchain gaming company, raises $40 million in funding led by FunPlus and FTX Ventures

The startup will concentrate on developing free-to-play games in order to establish Web 3.0 gaming franchises. Xterio, a blockchain gaming company, announced on August 30 that it had raised $40 million to develop Web 3.0 game franchises. According to the press release, the funding was led by FTX Ventures, the venture capital arm of crypto exchange FTX, FunPlus, Makers Fund, and XPLA. Switzerland-headquartered FunPlus is a video game developer and publisher best known for games like King of Avalon, State of Survival, and Guns of Glory. FunPlus provides its technology stack to Xterio. Xterio, on the other hand, is FunPlus’s

Moonbird NFT
2 years ago 1 min read

Moonbirds NFT plans raises $50M in Series A funding to keep NFT artwork “in chain”

The venture capital firm Andreessen Horowitz (a16z), along with Seven Seven Six, True Ventures, Collab+Currency, Flamingo DAO, SV Angel, and VaynerFund, recently led a $50 million Series A fundraising round for PROOF. PROOF, the private community that developed the Moonbirds NFT collection, announced that it is transferring its blue-chip collection totally “in chain,” allowing photos to be entirely held within the underlying smart contract. On August 30, Harri Thomas, director of products at PROOF, gave a community live webcast titled “Future PROOF,” in which he said: “We’ve talked about putting the birds ‘on chain’, so what I’m here to tell

2 years ago 1 min read

Luxury brand Hermès ventures into the metaverse with crypto and NFT trademark filing

The introduction of non-fungible tokens (NFTs) and metaverse concepts has provided an opportunity for global brands to experiment with new ways of connecting with customers. Hermès, a luxury brand, is preparing to enter the metaverse space through trademark filings. Hermès, in particular, sought to expand into NFTs and virtual currency, crypto and NFT trading, virtual goods marketplaces, clothing, footwear, and fashion shows. The filing with the United States Patent and Trademark Office (USPTO) on August 26 was revealed in a tweet on August 31 by licensed trademark attorney Michael Kondoudis. In addition, if the trademark filings are approved, Hermès will

Polygon's Seaport platform provides feature-reach
2 years ago 1 min read

Polygon’s Seaport platform provides feature-reach

According to a recent announcement, the transition from OpenSea to Polygon’s Seaport brings a slew of “cool new features.” Polygon launched Seaport in June, a brand new, open-source Web3 marketplace protocol that allows for the safe and efficient purchase and sale of NFTs. The Web3 community, which was initially launched on Ethereum, has aided by providing a more feature-rich experience at a noticeably lower cost. The first feature enabled by the shift is the removal of purchase thresholds. Users can now list and buy Polygon NFTs at any price, as the $5 minimum has been reduced thanks to Seaport. The

Formula 1 or F1 joined metaverse and NFT space
2 years ago 2 mins read

Formula 1 joins metaverse with two trademark filings for Las Vegas circuit

With trademark registrations made in advance of the Las Vegas Grand Prix scheduled for November 2023, Formula One (F1) has gained ground in the non-fungible tokens (NFTs) and metaverse space. In fact, on August 23 the organization published 2 trademark applications to the USPTO for the circuit. The filing, which will include NFTs, cryptocurrencies, insurance, and financial services, virtual clothes and sports equipment, currency trading, and virtual currency services, among others, was revealed by registered trademark attorney Michael Kondoudis in a tweet. It is crucial to note that Formula One’s involvement in the NFT space is indicated by the trademark

The Leading Alternative Investment Management Summit – Dubai Edition 2022
2 years ago 1 min read

The Leading Alternative Investment Management Summit – Dubai Edition 2022

The 13th Edition of The Leading Alternative Investment Management Summit taking place in Dubai on 21 & 22 November will focus on the central theme of navigating through the current global economy – inflation, stagflation and recession, and will gather this year, the world’s leading economists, market movers and investment experts to share their insights, opportunities and strategies speculating on the current and future market conditions. AIM Summit Dubai Edition presents an unrivaled opportunity for discussions on investment developments, global market conditions, latest trends and best practices. Conference topics include private equity, hedge funds, digital assets, venture capital, fintech, emerging

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