NFT

The US SEC approves the first-ever Ethereum ETF, marking a major milestone

July 23, 2024 1 min read

The Securities and Exchange Commission (SEC) has approved the inaugural Ethereum Exchange-Traded Fund (ETF), representing a noteworthy achievement for both Ethereum and the cryptocurrency sector. This clearance signifies the increasing recognition and endorsement by institutions, enabling investors to participate in Ethereum directly through a regulated financial product. Companies such as 21Shares, Bitwise Asset Management Inc., BlackRock Inc., Invesco Ltd., Franklin Templeton, Fidelity Investments, and VanEck are anticipated to take part

A judge allows a class-action lawsuit against DraftKings over its NFTs to proceed

July 4, 2024 1 min read

A federal judge in the United States has denied DraftKings’ request to dismiss a class-action complaint brought by purchasers of the company’s Non-Fungible Tokens (NFTs). The lawsuit alleges that DraftKings, together with its CEO, CFO, and president, have engaged in the sale of NFTs that should be classified as unregistered securities, so contravening federal securities laws. Justin Dufoe initiated the legal action in March 2023, contending that DraftKings’ NFTs meet

Digital collectibles on Bitcoin (BTC) reaches a milestone of over $4 billion

June 5, 2024 1 min read

Digital collectibles on Bitcoin reached a milestone despite a 54% drop in non-fungible token (NFT) sales in May. On June 4, NFT data tracker CryptoSlam reported an all-time high of over $4 billion in Bitcoin blockchain NFT sales. It comprised $3.97 billion in NFTs and $82 million in wash sales. The greatest 30-day sales volume of blockchain-based NFTs was $171 million for Bitcoin. Ethereum was next with $159 million, then

Transak Enables Fiat Purchases on VeChain’s NFT Marketplace Service, Supports Gresini Racing’s First Collection

April 29, 2024 3 mins read

Miami, Florida, April 29th, 2024 Transak’s NFT Checkout has made its way on VeChain’s Marketplace-as-a-Service (MaaS) (MaaS) platform. The partnership and consequent integration opened fiat-to-NFT purchases for the platform in over 160 countries and at a low purchasing limit of just $0.01 — an industry first rate. On the heels of the partnership, Gresini Racing offered the team’s NFTs on the platform, as a part of its collaboration with Transak. The partnership with Transak ensures the most

Adidas remains committed to the metaverse, launching NFTs as others exit

April 22, 2024 1 min read

Amidst the waning enthusiasm for NFTs and the metaverse, many firms have chosen to withdraw, with prominent individuals either leaving or redirecting their attention elsewhere. However, Adidas has chosen to stay. The compay has collaborated with the STEPN program, which allows users to earn rewards by being physically active, to introduce 1,000 non-fungible tokens (NFTs) that symbolize Adidas footwear on the Solana blockchain. The digital assets necessary for STEPN’s activities

GoMining to Introduce Updated In-Platform Voting Mechanics

March 27, 2024 2 mins read

Road Town, Tortola, British Virgin Islands, March 27th, 2024 GoMining, a world-leading firm widely recognized for its groundbreaking concept of seamlessly mining Bitcoin via the ownership of NFTs backed by computing power, is pleased to announce the introduction of an updated community-driven in-platform voting system. From now on, every community member will have the opportunity to influence platform development by submitting ideas and participating in a decentralized voting process to

Funtico Launches Exclusive Whitelist for Summoners NFT Sale

February 28, 2024 5 mins read

Gibraltar, Gibraltar, February 27th, 2024 The new gaming platform Funtico is thrilled to announce the launch of its whitelist for its first exclusive Summoners Collection NFT sale. In addition to providing access to the Summoner Collection, whitelist spots offer some big benefits on the horizon as the Funtico platform barrels full speed ahead to launch. Users can join the exclusive whitelist campaign starting February 27, 2024, here. Participants will have the chance to

Saakuru Labs Empowers Prabowo-Gibran Presidential Campaign with Blockchain and NFT Technologies

February 6, 2024 3 mins read

Jakarta, Indonesia, February 6th, 2024 In an unprecedented move, Saakuru Labs (formerly known as AAG), leading innovators in the Web3 infrastructure sector, has teamed up with Relawan Konco Kulo Gibran, as an appointed tech partner by Prabowo-Gibran presidential campaign in Indonesia for the election campaign, slated to happen on February 14th, 2024. This collaboration marks the first-ever use of Blockchain and NFT-based gamified Presidential Election Campaign globally, with the youngest-ever vice-presidential candidate in Indonesian history,

Donald Trump’s NFTs Surge Amidst NFT Market Dip in January

January 31, 2024 1 min read

In the third week of January, the NFT market experienced a dip, with trading volumes falling to $223 million, a 23% decrease from the previous week. Despite the overall downturn, the number of NFT enthusiasts continues to grow, with over 730,000 collectors actively participating, representing a 35% increase in interest. Despite the difficulties encountered by various NFT collections, there is one exception: Donald Trump’s NFTs. The former president’s NFTs are

South Korea’s KT Corp shuts down NFT platform MINCL

January 26, 2024 1 min read

KT Corporation, South Korea’s telecommunications giant, has decided to close its NFT platform, MINCL, citing changing business conditions as the primary reason. This move is consistent with a larger trend in the region, in which several companies are reconsidering their participation in Web3 projects. MINCL users are urged to transfer their NFTs to alternative e-wallets before the platform is shut down on March 4. MINCL, which launched in April 2022,

X (Twitter) Deactivates NFT Profile Images Feature for Users

January 11, 2024 1 min read

In an unexpected move, Twitter, dubbed the “X” of the online world, has disabled support for non-fungible tokens (NFTs) in its premium membership section. Premium subscribers initially had the unique ability to showcase their NFT holdings through personalized profile pictures, adorned with a distinct hexadecimal profile photo. Users could seamlessly feature an NFT as their profile image after establishing a temporary link to their cryptocurrency wallets. When finished, the digital

Logan Paul pledges $2.3 million to refund CryptoZoo NFT investors

January 7, 2024 1 min read

Logan Paul is stepping up to the plate, pledging over $2.3 million to compensate investors who were let down by his doomed NFT project, CryptoZoo. Paul took to X to announce a buy-back program, admitting the project’s failure and pledging to make things right. Despite admitting that the venture fell short of expectations, Paul blamed CryptoZoo’s demise on “bad actors.” Despite initial excitement and comparisons to popular games, the project