NFT News

Reddit Collectible Avatars Gain Popularity, Approaching 10 Million Holders

May 29, 2023 1 min read

Reddit Collectible Avatars are approaching the 10 million holder milestone, according to data from Dune Analytics. The avatars were launched in July 2022 and have seen significant growth in popularity in recent months. The majority of current Reddit NFT holders only hold one avatar, meaning they do not have multiple wallets. This suggests that the avatars are being used by a wide range of users, rather than a small number

Ubisoft Gives Away Free Rabbids NFTs on Reddit

May 26, 2023 1 min read

Ubisoft and Reddit have partnered to give away free Rabbids NFT avatars to Reddit users. The avatars are available in a variety of designs, including a grumpy knight with a plunger and a smiling unicorn rabbit with a golden plunger. The Rabbids NFT avatars are part of Reddit’s “Snooverse” initiative, which aims to create a metaverse for Reddit users. The initiative also includes the launch of a new marketplace where

Binance Launches New NFT Loan Program, Allowing Users to Borrow ETH Against Their NFTs

May 26, 2023 3 mins read

The world’s largest crypto exchange by trading volume, Binance, has launched a new non-fungible token (NFT) loan feature. The platform will offer zero gas fees and the ability to borrow Ethereum (ETH) without the need to sell assets. The loan feature aims to cater to those who want quick access to funds but don’t want to part with their NFTs. It uses what Binance calls a “Peer to Pool” mechanism

LG Electronics Develops TV That Allows Users to Trade NFTs

May 12, 2023 1 min read

Electronics manufacturer LG is looking to revolutionize the way non-fungible tokens (NFTs) are traded by filing a patent for a TV that allows users to buy and sell NFTs. According to reports, the TV would be able to connect to an NFT market server and allow users to view artwork and make purchases using their cryptocurrency wallets, which would be linked to the TV. LG’s move to apply for a

Sotheby’s Launches NFT Marketplace on Ethereum and Polygon with a 2.5% Transaction Fee

May 3, 2023 2 mins read

Sotheby’s, the renowned auction house, has entered the world of non-fungible tokens (NFTs) with the launch of Sotheby’s Metaverse, a peer-to-peer marketplace for trading NFTs. The platform operates on Ethereum and Polygon blockchains and allows users to buy and sell NFTs using ETH or MATIC tokens. It charges a 2.5% transaction fee for every trade. The platform features a curated selection of handpicked artists, with 13 artists, including XCOPY, Tyler

MMA Mobile Game to Feature NFT Collectibles in 2024 Release

April 27, 2023 1 min read

Notre Game, a subsidiary of Animoca Brands, is partnering with Singaporean MMA brand One Championship to create a mixed martial arts (MMA) mobile strategy fighting game with NFTs. The game, called One Fight Arena, is set to launch in early 2024, with early player testing scheduled for later this year. In One Fight Arena, athletes will become NFTs, providing owners with verifiable authenticity and statistics on character rarity. The game

Romania Takes a Step towards Web3 with Launch of NFT Marketplace

April 24, 2023 1 min read

Romania’s National Institute for Research and Development in Informatics (ICI Bucharest) is driving Web3 adoption with the launch of a non-fungible token (NFT) trading platform. The platform, called ICI D|Services, is an NFT marketplace that allows institutional and public users to mint, manage, and trade NFTs. ICI Bucharest has shifted its focus to the blockchain, Web3, and NFTs due to their increasing popularity across the world. The platform is aimed

BAYC Creator Yuga Labs Wins Copyright Case

April 23, 2023 1 min read

Yuga Labs, the creators of the famous Bored Ape Yacht Club (BAYC) NFT collection, have won a landmark legal victory in their trademark infringement case against Ryder Ripps and Jeremy Cahen. The US District Court in California found that Yuga Labs is entitled to an injunction and damages, as well as being the rightful owner of the BAYC trademarks, which are legitimate and enforceable. The court declared that the use

ApeCoin Donates $1M to Help Accelerate Ethereum’s Progress

April 20, 2023 1 min read

The ApeCoin community has made a significant contribution to the development of Ethereum by donating $1 million to fund public goods and further development work. The proposal, AIP-230, titled “I don’t hate apes, I just want them to fund public goods!” was passed by the community after a vote. The donation aims to give back to the Ethereum community, promote development work around account abstraction, and introduce developers to ApeCoin.

New Trump NFTs Set to Launch Soon

April 19, 2023 1 min read

Former US President Donald Trump has announced the launch of the Series 2 of his Non-Fungible Token (NFT) collection on the Polygon network. According to Trump’s post on his social media platform, Truth Social, the new collection consists of 47,000 tokens, which is 2,000 more than his first collection. The price of $99 per token remains unchanged. Despite rising market demand, Trump chose not to increase the selling price of

Binance and Brazilian Football Confederation (CBF) Launch NFT for Fans to Connect with Clubs and Learn About Crypto

April 15, 2023 1 min read

Binance, the world’s leading cryptocurrency exchange platform, has teamed up with the Brazilian Football Confederation (CBF) to launch the first-ever NFT of Brasileirão Assaí. The partnership aims to offer Brazilian football fans a chance to connect with their favorite clubs while learning about crypto and blockchain technology. Through the NFT Season Pass initiative, fans can claim a free serial code by registering at the Brasileirão Assaí website starting Friday, 14

Sotheby’s Revives Digital Art Sale After Facing Criticism Over Representation

April 15, 2023 1 min read

Sotheby’s has announced the relaunch of its “Glitch: Beyond Binary” art sale, featuring 34 lots of non-fungible tokens (NFT) from artists in the “glitch art” movement. The sale comes as a reboot of last month’s “Glitch-ism” auction, which faced criticism for its lack of female artist representation. Bidding for “Glitch: Beyond Binary” will open on April 19 and will feature artists from diverse backgrounds and identities, including those of different