NFT News

Square Enix, the creators of Final Fantasy to Release NFT Game on Polygon Blockchain

February 16, 2023 1 min read

Japanese video game publisher Square Enix, the creators of Final Fantasy, Dragon Quest, and Kingdom Hearts, has announced that it will launch its upcoming NFT-based game, Symbiogenesis, on Polygon. The company previously stated that the game would launch on Ethereum, but has now chosen Polygon due to its faster transaction speeds, low gas fees, and user-friendliness. Symbiogenesis will feature 10,000 character NFTs tied to strategic game mechanics, along with other

Bored Ape NFT owner burns $169K artwork to move it from Ethereum to Bitcoin

February 15, 2023 1 min read

Over the weekend, a Bored Ape Yacht Club (BAYC) NFT was burned by its owner, Jason Williams, as a symbolic move to transfer its underlying blockchain from Ethereum to Bitcoin. The Ape, #1626, was previously sold for 108 Ethereum or nearly $432,000 in November 2021, and its recent burning means it cannot be traded on Ethereum’s network again. NFTs are unique digital assets that signify ownership of a specific item,

OnChain Monkey NFTs See Surging Demand on Bitcoin Blockchain

February 10, 2023 1 min read

The buzz surrounding Bitcoin-based NFTs continues to grow, with the recently-launched Ordinals protocol leading the charge. One established Ethereum NFT collection, OnChain Monkey, has taken advantage of this new technology, revealing Bitcoin-based counterparts for its artwork and seeing its prices soar as a result. OnChain Monkey is a collection of 10,000 Ethereum NFT profile pictures (PFPs) minted in 2021. Using the Ordinals protocol, the collection was “inscribed” onto the Bitcoin

Rihanna’s Hit Song Now Available as NFT with Royalty Sharing Before Super Bowl

February 10, 2023 1 min read

Rihanna’s popular hit single “B**** Better Have My Money” has been offered as a non-fungible token (NFT) by Web3 music startup anotherblock. This innovative platform works with rights holders, including artists, producers, and writers, to divest a portion of their streaming royalty rights, which are then offered as fractionalized NFTs. Music producer Deputy, who was involved in the production of the hit single, is granting a portion of his streaming

OpenSea in Hot Water as User Files Lawsuit for $500,000

February 9, 2023 1 min read

A prominent NFT creator and collector, Robert Acres, has accused OpenSea, the leading NFT marketplace, of negligence and extortion. Acres was the victim of an NFT phishing attack that resulted in the theft of two NFTs, which were then sold on OpenSea. Acres alleges that instead of promptly helping him retrieve his property and prevent resale by the thieves, OpenSea locked him out of his account for three months, causing

Hermès Secures Victory in Trademark Dispute Against MetaBirkins NFTs

February 9, 2023 1 min read

The verdict in the Hermès vs. Rothschild NFT trial has been reached, and the French luxury brand has come out on top. A nine-person jury ruled in favor of Hermès, awarding $133,000 in damages and determining that Rothschild had indeed profited from the brand’s goodwill by producing NFTs based on its Birkin bags. This case sets a powerful precedent for NFT creators and will have a lasting impact on intellectual

Dookey Dash Leaderboard Freezes as BAYC Dominates with $73 Million Trading Volume

February 9, 2023 1 min read

The Bored Ape Yacht Club, a well-known blue-chip NFT collection, has made headlines again by freezing the leaderboard for its latest addition to the brand: the video game “Dookey Dash.” The game was inspired by the popular Bored Apes NFTs and allowed players who possessed the “Sewer Pass” NFT to play and compete for the highest score. According to CryptoSlam, sales volumes for the NFTs reached nearly $73 million before

Beijing Football Club Unveils NFTs Ahead of Virtual Stadium Debut

February 8, 2023 1 min read

Beijing Guoan Football Club, a professional football team in the Chinese Super League, has taken a major step into the world of non-fungible tokens (NFTs) with the launch of GLEO. This collection of NFTs can be used as avatars in the club’s virtual stadium, set to launch next year. To celebrate the launch, the football club held a 10-day lottery over the weekend, distributing 10,000 free NFTs to the winners.

WeTransfer Joins Forces with Minima to Launch NFT Platform

February 7, 2023 1 min read

WeTransfer, a leading global file transfer company, has announced a partnership with Swiss blockchain firm Minima, to launch NFTs (non-fungible tokens) on Minima’s network. The network is set to go live in 180 countries in March, offering creators the right to manage their digital property. This partnership will provide consumers with the ability to generate NFTs from their smartphones or any other device, and control how they share their digital

Yuga Labs Claims Win in Legal Battle Over Bored Ape Trademark with RR/BAYC

February 7, 2023 1 min read

Yuga Labs, the company behind the popular NFT project Bored Ape Yacht Club (BAYC), has won a trademark infringement lawsuit against Thomas Lehman, who collaborated on the RR/BAYC project. The case was brought by Yuga Labs in the District Court of New York, alleging that Lehman helped create the smart contract for the RR/BAYC collection, which was similar to BAYC and earned $1.6 million in sales, of which Lehman received

OpenSea Introduces Advanced Tools for NFT Creator Drops

February 3, 2023 1 min read

OpenSea, a non-fungible token (NFT) marketplace, has launched a new suite of tools for creators launching NFT collections on its platform. The first version of Drops offered a unique experience to select partners, but the next phase of the roll-out will give creators the tools to manage their own minting process, including deploying smart contracts, configuring drop mechanics, and personalizing landing pages. The new toolkit will gradually be made available

NFT ETF Shuts Down as Demand for Metaverse Assets Wanes

February 1, 2023 1 min read

The Defiance Digital Revolution ETF, the first ETF focused on NFTs and metaverse assets, will close by the end of February. The fund’s portfolio assets will start liquidating on February 16 and will not accept new orders after that day. Launched in December 2021, the ETF is down 72% since its debut, due to the cooling hype over NFTs and metaverse assets and the broader market downturn that has seen