NFT News

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

Rally Digital Creator Platform Ends NFT Sidechain Support

February 1, 2023 1 min read

The Rally social platform has shut down its Ethereum NFT sidechain due to tough market conditions. The sidechain, which allowed users to create social tokens, was built in 2018 but was “expensive to maintain” according to the CEO. In an email sent to users, Rally explained that the challenges and macro headwinds in the crypto industry were too overwhelming to overcome. The shutdown caused a disruption in withdrawal services, making

Coinbase Wallet Introduces New Safety Measures in Wake of NFT Scams

January 31, 2023 1 min read

Coinbase, one of the leading crypto firms, has announced new safety and user experience features to its Wallet app in order to combat the growing number of phishing scams, malicious airdrops, and other scams targeting crypto users. The new features, including transaction previews, token approval alerts, a blocklist of flagged dApps, and improved revoke features, will help Wallet users better understand how engaging with a smart contract will affect their

Fortnite Star Mongraal Scores Big on Bored Ape’s Dookey Dash NFT Game

January 31, 2023 1 min read

Professional Fortnite player Mongraal set a new high score on Bored Ape Yacht Club’s game Dookey Dash and posted a screenshot on Twitter. The high score may attract the attention of Mongraal’s 2 million Twitter followers and 4.6 million YouTube subscribers to NFTs and crypto gaming. The move may direct attention to Yuga Labs, the creator of Bored Ape Yacht Club, and the crypto gaming industry. Blockchain-based gaming has been

The Evolving Art of EthBoy NFT Paintings: Edition 4 Unveiled!

January 31, 2023 1 min read

Artist Trevor Jones is releasing the fourth edition of the generative artwork “EthBoy” in celebration of Ethereum co-founder Vitalik Buterin’s birthday. The latest edition, titled “TRANSCEND,” was created in collaboration with Grammy-winning DJ Sasha and will be displayed in London. The NFT, which is part of the “ETHEREAL” collection, changes over time in response to Ethereum’s price and network gas fees. Jones partnered with artists Alotta Money and DJ Don

Taproot-Powered Bitcoin NFTs Spark Discussion

January 30, 2023 1 min read

Bitcoin now has NFTs (non-fungible tokens) that are completely on-chain and can hold up to 4 MB of data. This makes it possible to publish short videos and other digital assets on the blockchain. Some bitcoin developers, such as Adam Back of Blockstream, have raised concerns about the use of these NFTs for non-essential data and called for censorship. The Ordinals platform is currently the main platform for minting these

China’s Hainan Province Tightens NFT Regulations

January 30, 2023 1 min read

Hainan Province in South China announces a plan to regulate NFTs, citing concerns over fraud, money laundering, and illegal fundraising. The province’s market regulator and 9 other state agencies have called for digital collectible firms to register with relevant authorities and have their operations approved based on artwork, internet and blockchain information management rules. The authorities aim to monitor and prevent financial risks related to NFT trading platforms in Hainan,

Azuki NFT Project Hit by Twitter Hack, Loses $750K

January 28, 2023 1 min read

Hackers have taken over the Twitter account of the top non-fungible token (NFT) project, Azuki, and have stolen over $750,000 worth of crypto assets. The hackers posted a wallet-draining link disguised as an invitation for users to participate in a virtual land mint in The Garden, Azuki’s native metaverse platform. Wallet drainers are phishing mechanisms that trick victims into approving transactions that transfer crypto assets from their wallet to that

Amazon to Launch NFT Platform

January 27, 2023 1 min read

Amazon is reportedly planning to launch a new initiative using non-fungible tokens (NFTs) in the spring, according to a report by Blockworks. The initiative is said to have over a dozen partners, with a focus on gaming. The report suggests that the platform may involve a push to get Amazon customers to play crypto games and claim free NFTs. The initiative is still in development and a launch date of