NFT News

Louis Vuitton’s New NFTs Are Worth $41K Each, But You Can’t Sell Them

June 7, 2023 1 min read

French luxury fashion brand Louis Vuitton has launched a limited-edition NFT collection called “Via.” The collection consists of 200 non-fungible tokens, each of which is priced at €39,000 ($41,693). The Via NFTs are not transferable, meaning that once they are purchased, they cannot be resold. This makes them a unique and exclusive collectible, and it also ensures that they will retain their value over time. In addition to the NFTs,

Nike Teams Up with EA Sports to Integrate NFTs into Popular Games, Creating Excitement Among Millions of Fans

June 2, 2023 1 min read

Nike announced on June 1 that it will integrate its NFT platform, Swoosh, with EA Sports games in the coming months. The integration will allow players to purchase and use Nike NFTs, such as virtual shoes and apparel, in EA Sports games. Nike NFTs are expected to be customizable wearable add-ons that players can purchase and alter their character avatars in-game. The integration is expected to be a major step

Japan’s ANA Airline Embraces the Metaverse with NFT Marketplace Launch

June 2, 2023 1 min read

Japan’s All Nippon Airways (ANA) has launched an NFT platform called ANA GranWhale NFT MarketPlace to trade art and photograph collectibles. The platform is operated by ANA’s metaverse subsidiary, ANA NEO. The first NFT products on the platform feature works by aviation photographer Luke Ozawa. More collections, including those featuring Boeing 787 aircraft, will be available starting June 7. Artists and creators will be able to sell their works as

Bitcoin Ordinals Launch BRC-721E Standard to Bridge Ethereum NFTs

June 1, 2023 1 min read

The BRC-721E standard is a new protocol that allows users to move their Ethereum-based NFTs to the Bitcoin blockchain. The standard was jointly launched by the Ordinals market and the Bitcoin Miladys NFT collection. The BRC-721E standard works by burning ERC-721 NFTs on the Ethereum network. Burning an NFT means permanently removing the token from circulation. This process is accomplished by calling a specific function on the smart contract associated

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