NFT

NBA and Ant Group team up to bring NFTs to China

February 23, 2023 2 mins read

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

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

February 23, 2023 1 min read

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

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

February 23, 2023 2 mins read

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.

OpenSea Eliminates Trading Fees, Reduces Creator Revenue

February 20, 2023 1 min read

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

BAYC Community Accuses Yuga Labs of IP Theft for Trademarking Logo

February 19, 2023 2 mins read

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.

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

February 17, 2023 2 mins read

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

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

February 17, 2023 3 mins read

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

Napster Expands Web3 Presence with Acquisition of Mint Songs

February 16, 2023 1 min read

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

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

February 16, 2023 2 mins read

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

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