Browsing:NFT

Sam Bankman-Fried has pleaded not guilty to criminal charges
1 year ago 1 min read

FTX’s Bankman-Fried pleads not guilty to charges

Sam Bankman-Fried, the founder of the now-bankrupt crypto exchange FTX, has pleaded not guilty to criminal charges of wire fraud and conspiracy. The charges stem from allegations that Bankman-Fried used customer funds from FTX to cover loans taken out by Alameda Research, an affiliated crypto hedge fund, and to make investments in other companies and donate to political campaigns. Bankman-Fried has maintained his innocence and says he was unaware that customer funds were being used improperly. Two senior executives from Bankman-Fried’s businesses, Gary Wang and Caroline Ellison, have pleaded guilty to multiple criminal charges and are cooperating with prosecutors. Bankman-Fried,

Phishers target RTFKT COO, steal NFT collection worth $175,000+
1 year ago 1 min read

COO of RTFKT falls victim to NFT phishing scam, loses collection valued at $175,000+

The Chief Operating Officer of RTFKT, a crypto brand owned by Nike, had his NFT collection worth at least $175,000 stolen in a phishing scam. According to Nikhil Gopalani, who is the COO and tweeted about the incident to the Clone X community, he was hacked by someone who used the same phone number as his Apple ID and sold all of his Clone X and other NFTs. OpenSea activity shows that the thief used two wallets to transfer the NFTs out of Gopalani’s wallet, which included significant amounts of CloneX, RTFKT, Loot Pods, and Crypto Kicks NFTs. The affected

Bonk (BONK) crypto
1 year ago 1 min read

Bonk (BONK) Memecoin Experiences Unprecedented Growth, Skyrocketing 1622% in 7 Days

Bonk is a cryptocurrency that has seen significant growth in recent days, with its price surging over 1622% since trading began on December 29, 2022. The popularity of Bonk, which is themed after the Shiba Inu dog breed and built on the Solana blockchain, has led to a 200% increase in its trading volume over the past day, reaching over $22 million. Bonk has also achieved a market capitalization of over $84 million. The creators of Bonk have airdropped 50% of the token’s supply to the Solana community, with a portion of that going to Solana non-fungible token (NFT) collections

China State-Backed NFT
1 year ago 1 min read

China State-Backed NFT Trading Platform to Launch in January

A non-fungible token (NFT) marketplace called “China Digital Asset Trading Platform” is set to launch on January 1, 2023, according to state media outlet China Daily. The platform was founded by a Beijing-based private firm, Huaban Digital Copyright Service Center, and two state-backed entities, China Technology Exchange and Art Exhibition China. It has obtained a compliance license through China Technology Exchange and will offer NFT and digital copyrights trading services. Institutions and individuals can register their digital assets and apply for copyright protection services through the platform, which is built on “Wenbao Chain,” a blockchain network operated by Art Exhibition

Kia NFT
1 year ago 1 min read

Kia’s First NFTs Help Cover Adoption Costs for 22,000 Shelter Pets

Kia’s US unit used its first NFTs to raise funds for the Petfinder Foundation, a non-profit organization that helps alleviate overcrowding in animal shelters. The car company sold 10,000 “adoption pass” NFTs for free on the Tezos blockchain, and then sold an additional 10,000 generative versions for $20.22 each in conjunction with the NBA All-Star Game. Furthermore, the NFTs, which featured a robotic puppy named Robo Dog, sold out on the Sweet NFT marketplace and raised $100,000, plus an additional $500,000 in fiat from Kia. The funds were used to cover the adoption costs of over 22,000 animals in shelters.

Manchester United NFT Collection
1 year ago 1 min read

Manchester United Accused of Copying NFT Artist’s Work for Its Own Collection

NFT artist Lucréce has accused Manchester United football team of using designs and styles similar to his own in its new NFT collection. Lucréce has reportedly been in talks with Arthur Breitman, co-founder of Tezos, to get an explanation from the team. Lucréce’s collection is older and has higher prices than Manchester United’s collection, which sold out immediately after its release at a price of approximately $40 per NFT. The terms and conditions of Manchester United’s collection state that it was created by TRILITECH PLATFORM OÜ, “the for-profit arm of the Tezos foundation,” and is therefore authorized by the Tezos

Yuga Labs, the creators of Bored Ape Yacht Club (BAYC) NFTs
1 year ago 1 min read

NFT Artist Files Counterclaim in Yuga Labs Lawsuit

Yuga Labs, the creators of the popular Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), are facing a counterclaim in an ongoing lawsuit against artist Ryder Ripps and the founder of NFT marketplace Not Larva Labs, Jeremy Cahen. Yuga Labs had accused Ripps and Cahen of copying their NFT collection and devaluing the original BAYC products, but the pair have denied many of the allegations, claiming that their version of the BAYC collection, called RR/BAYC, does not infringe on Yuga Labs’ copyright and that they used conceptual art to critique the imagery used by Yuga Labs. The U.S. District Court

Pessimistic Donkey College NFT Project Set to Launch
1 year ago 1 min read

Pessimistic Donkey College NFT Project Set to Launch

Pessimistic Donkey College, a new non-fungible token (NFT) project focused on long-term growth and the investor community, is set to launch on January 15, 2023. The market for NFTs has seen a 60% decline from Q3 to Q4 this year and has fallen for the 6th consecutive month, leading to a sense of pessimism in the industry. In an effort to revitalize the bear market, Pessimistic Donkey College said it plans to implement a royalty-free model to encourage post-launch trading and participation, and is also developing an innovative stake system. In addition, the project claims it will host a weekly

Fidelity Investments in web3
1 year ago 1 min read

Fidelity Launches NFT Marketplace and Metaverse Financial Services

Fidelity Investments, a financial services company, has filed trademark applications with the United States Patent and Trademark Office (USPTO) for a variety of Web3 products and services. These include a non-fungible token (NFT) marketplace, financial investment and cryptocurrency trading services in virtual worlds, and payment services such as electronic bill payments and fund transfers within virtual worlds. The company has also indicated that it may offer educational and referral services in virtual worlds, as well as a digital marketplace for NFTs. Fidelity’s trademark filings suggest that the company is looking to expand its involvement in the Web3 space, despite recent

Mazu Dao NFT
1 year ago 1 min read

Taiwanese Temple Issues NFTs of Sea Goddess

The Dajia Jenn Lann Temple in Taiwan, which is dedicated to the popular Chinese sea goddess Mazu, is using non-fungible tokens (NFTs) to allow worshippers access to pilgrimages and other events. The temple, which dates back to the Qing Dynasty in the 1700s, has been organizing an annual nine-day pilgrimage with a statue of the goddess that attracts hundreds of thousands of followers. The pilgrimage and related festivals have created the “Mazu economy,” referring to donations and spending on Mazu-themed merchandise and business opportunities related to the religion. In August, the temple began selling NFTs called MazuDAO through its e-commerce

The global blockchain gaming market
1 year ago 1 min read

Blockchain Gaming Industry sees Shift from Traditional Games to Blockchain-Based Games in 2022 Market Report

The global blockchain gaming market is expected to experience significant growth in the coming years, with a projected compound annual growth rate of 70.3% between 2022 and 2027. This growth is being driven in part by increased funding for blockchain games. m, Role-playing games (RPGs) are expected to have the highest market share during this period, with the P2E gaming model using blockchain, crypto, and NFTs to transform the traditional free-to-play concept into pay-to-earn. In RPG games, players assume the roles of characters in a fictional setting and can earn NFTs and crypto rewards while playing. There are various subgenres

Italy is projected to have a 47.6% growth in its NFT market
1 year ago 1 min read

Italy Reportedly Leading the Way in the Crypto Art Renaissance

Italy is projected to have a 47.6% growth in its non-fungible token (NFT) market by the end of 2022, according to a report by Research and Markets. This would give the Italian NFT market a valuation of around $671 million and a compound annual growth rate of 34.6% over the next five years, with a spending value of $3.6 billion by 2028. The report attributes Italy’s success in the NFT market to its vibrant art and culture scene, with major luxury fashion brands such as Gucci and Dolce & Gabbana leading the adoption of Web3 technologies and generating significant revenue

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