The NFT market of China received warnings on Monday from The Supreme People’s Procuratorate of China stating that there are a lot of risks hovering around the NFT market and the authority also stressed the need for proper regulation of emerging asset classes highlighting that NFTs also share some elements of virtual assets. NFT in…
In a surprising move, Web3 platforms Tessera and Escher recently declared their intent to discontinue operations. Andy Chorlian, Co-Founder and CEO of the Fractional Token Company, announced the decision via a Twitter post. The announcement came amidst a challenging period in the crypto industry, often referred to as the “crypto winter.” The Unique Propositions of…
The French automobile company Renault has announced the release of its second NFT collection, RACING SHOE5. It combines one-of-a-kind sneakers inspired by the classic first-generation R5 Turbo models and their digital counterparts as 3D NFT art registered on the blockchain. The release was followed by the successful launch of its first R5 NFT collection last…
ONE Championship, the world’s largest martial arts organization, has partnered with Animoca Brands and Notre Game to develop innovative mixed martial art (MMA) mobile game that is set to launch in 2024. The game, dubbed “ONE Fight Arena,” will leverage blockchain technology and NFTs to create a unique and immersive gaming experience for MMA enthusiasts…
Sotheby’s, a renowned auction house, has announced plans to auction off a rare and valuable collection of blue chip NFTs called GRAILS Collection from 3AC. The auction, slated to commence in May, will showcase an array of NFTs, including Larva Labs Zombie Punk and Dmitri Cherniak’s Golden Goose. Rare NFTs Take Center Stage at Sotheby’s…
Sportswear giant Adidas has revealed the first chapter of its much-anticipated ALTS Dynamic NFT collection. This project marks the final phase of its Into the Metaverse initiative, which explores the intersection of fashion, gaming, and non-fungible tokens (NFTs). According to the company, the ALTS Dynamic NFTs will enable players to showcase their unique style and…
A devastating mistake has landed an NFT owner in hot water. The proud owner of a CryptoPunk, which he had just purchased for an impressive 77 ETH ($123,434), destroyed this by accident while attempting to wrap it and borrow against its value. The tragedy happened when the owner followed unclear instructions, causing him to send…
Web3 fans, digital artists, and business leaders were eagerly waiting for the return of the Non-Fungible Conference. With 200 important figures from the Web3 industry, traditional and digital artists, and 5,000 visitors, the conference is expected to double its attendance after a sold-out debut last year that was attended by more than 2500 artists, collectors,…
Since last year, OpenSea, the biggest market for buying and selling non-fungible tokens (NFTs), has been the target of numerous hacks. Due to several hacking efforts, the platform has lost NFTs totaling $200 million so far. Users grow skeptical as a result of this loss. Although Opensea just fixed a vulnerability that may have revealed…
With its most recent collection, Starbucks, the largest coffee chain in the world, has managed to make a mark in the non-fungible tokens (NFT) market. The Starbucks NFT Collection was unveiled on March 10th, 2023, and sold out in just 20 minutes for a whopping $200,000. Unfortunately, the collection was only accessible to Starbucks Odyssey…
