Browsing:NFT

NBA is teaming up with Ant Group
1 year ago 2 mins read

NBA and Ant Group team up to bring NFTs to China

The National Basketball Association (NBA) is teaming up with Ant Group, Alibaba’s fintech affiliate, to bring NBA-themed non-fungible tokens (NFTs) and content to the virtual space in China. NBA China, the league’s Chinese business arm, made the announcement on Tuesday, revealing the partnership’s goal to enhance fan engagement in China. The partnership will see the NBA launch a mini-app on Alipay, Ant Group’s flagship mobile app and China’s largest third-party payment platform, where fans can watch NBA video content and access services such as a joint membership of the NBA and Alipay. This move is expected to bridge the gap

Dapper Labs, the company behind the popular non-fungible token (NFT) collection, NBA Top Shot, has been denied its request to dismiss a lawsuit alleging that the collection is an unregistered security.
1 year ago 1 min read

Court rejects Dapper Labs’ motion to dismiss NBA Top Shot securities case

Dapper Labs, the company behind the popular non-fungible token (NFT) collection, NBA Top Shot, has been denied its request to dismiss a lawsuit alleging that the collection is an unregistered security. District Judge Victor Marrero ruled that the NBA Top Shot collection appears to meet the requirements of a security under the Howie Test. The collection allows users to collect video highlights from the National Basketball Association in the form of NFTs called “Moments”. The lawsuit was filed in May 2021 by a plaintiff who claimed that the Top Shots collection violated securities law by not registering them with the

Crypto Veterans Led by OFR Acquire Blue-Chip NFT Project 0N1 Force
1 year ago 2 mins read

Crypto Veterans Led by OFR Acquire Blue-Chip NFT Project 0N1 Force

Paris, France, 22nd February, 2023 A collective of crypto industry veterans has acquired 0N1 Force, a comic-focused, blue-chip NFT collection. The group, led by blockchain investment firm Old Fashion Research (OFR), acquired the premier NFT collection for an undisclosed fee.  Although the founders of 0N1 Force have left the venture, current project leader Henry Finn (Starlordy) will become CEO of the group and existing community moderators will also be retained. “We appreciate 0N1 Force’s creative narratives and its vision in building the comic-focused 0N1 Verse,” said Ling Zhang, Managing Partner of Old Fashion Research. “0N1 Force has a vibrant and

OpenSea
1 year ago 1 min read

OpenSea Eliminates Trading Fees, Reduces Creator Revenue

OpenSea, the leading NFT marketplace, has announced a set of changes to its fee and royalty structure. These changes will have a significant impact on user activity, including that of collectors and creators. OpenSea tweeted on Friday, February 17, that it would be implementing a 0% transaction fee policy, albeit only for a limited time. Previously, OpenSea had charged a 2.5% trade levy that formed a substantial part of its revenue. In conjunction with this announcement, OpenSea also tweeted that it would be employing an “optional creator earnings,” mandating collectors to pay only a 0.5% royalty fee on all new

Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC)
1 year ago 2 mins read

BAYC Community Accuses Yuga Labs of IP Theft for Trademarking Logo

Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has been accused of illegally trademarking the BAYC wolf skull logo without proper licenses. The logo was allegedly taken from a company specializing in drawing tutorials for beginners and children. NFTs were created to protect artists and their intellectual property. However, Yuga Labs has been accused of the very thing NFTs were created to prevent. Crypto Twitter member and NFT artist @Jdotcolombo discovered a post from April 5, 2021, where Easy Drawing Guides advertised an easy step-by-step drawing tutorial for a wolf skull. The art

BC.GAME Launches RIO Carnival Competition With $1.2 Million Prize Pool
1 year ago 2 mins read

BC.GAME Launches RIO Carnival Competition With $1.2 Million Prize Pool

Willemstad, Curacao, 17th February, 2023 BC.GAME has teamed up with its new ambassador, Brazilian professional footballer David Luiz, to bring RIO Carnival to crypto casino players. A $1.2 million prize pool is up for grabs together with weekly cash prizes in the major gaming event. RIO Carnival grants players the chance to earn RIO coins in order to win shares from the event’s $1.2M prize pool. RIO coins are an exclusive coin minted for the BC.GAME carnival event and can be primarily earned by making deposits or wagers within the specified period.  Coco, the mascot of BC.GAME shares, said: “Good times

Play-and-Earn Football Prediction App Pooky Announces Availability Of Genesis NFT Collection
1 year ago 3 mins read

Play-and-Earn Football Prediction App Pooky Announces Availability Of Genesis NFT Collection

Milano, Italy, 16th February, 2023 Pooky, the gamified Web3 football prediction platform, has launched its Genesis Collection Pookyball NFTs for early access to its gamified, no-risk alternative to betting. It follows the public beta of Pooky that launched in November 2022, which saw over 450,000 predictions made, with an average of 7,000 active monthly players.  With Pookyball NFTs, players will be empowered to earn crypto-based rewards for guessing the outcomes of football matches in Europe’s biggest football leagues. Pooky is transforming sports betting with a unique NFT-based prediction game that provides the same thrills, but without the financial risks of

Napster Takes Web3 Leap with Acquisition of Mint Songs
1 year ago 1 min read

Napster Expands Web3 Presence with Acquisition of Mint Songs

The Napster brand, known for its controversial peer-to-peer music-sharing platform in the late 90s and early 2000s, is taking its next step into Web3 with the acquisition of startup Mint Songs. Napster announced its move into blockchain last June with a plan to launch a token using the Algorand blockchain, and today, the Mint Songs acquisition will be the foundation for the company’s first Web3 offerings. Mint Songs co-founder and CTO Garrett Hughes will join Napster as an advisor to help build a new platform that will offer digital collectibles and connect artists with their fans. The platform will allow

One World Nation Launches Exclusive NFT Skins for Valentine’s Day
1 year ago 2 mins read

One World Nation Launches Exclusive NFT Skins for Valentine’s Day

Bengaluru, India, 15th February, 2023 Cupid has struck the Cryptoverse with the launch of special NFT skins for Valentine’s Day. Developed by the successful web3 gaming ecosystem One World Nation (OWN), the skins can be won by players by participating in love-themed community events and emerging triumphant. During OWN’s Love Week, players can also gift special discount coupons to themselves or their Community Valentine. India’s top Play-to-Earn game, Crypto Fantasy is the flagship game of One World Nation. Based on the turbulent cryptocurrency markets, Crypto Fantasy gamifies the art of earning from digital asset movements. Crypto Fantasy forms a battleground of

Square Enix the creators of Final Fantasy
1 year ago 1 min read

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

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 NFTs, but owning a character NFT is not required to play the game. The game takes place on a floating continent above a polluted future Earth, where a dragon threatens

A BAYC NFT was burned by its owner
1 year ago 1 min read

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

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, often in the form of digital art, with the ownership recorded on the Ethereum network. The act of permanently removing a digital token from circulation is called “burning,” which Williams

OnChain Monkey
1 year ago 1 min read

OnChain Monkey NFTs See Surging Demand on Bitcoin Blockchain

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 blockchain, allowing NFT holders on Ethereum to also say that their respective collectibles live on Bitcoin. The result of this move has been a tremendous increase in demand for the

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