Paris Hilton News

Last year, U.S. start-up Yuga Labs created the Bored Ape Yacht Club NFTs.

The company behind the "Bored Ape" series of NFTs has raised around $285 million worth of cryptocurrency by selling tokens which represent land in a virtual world game it says it is building.

What’s the latest hype around the NFT market? Bored Apes? Mutant Apes? Well, not really. Now, the latest ETH craze involves four-digit numbers.

Blockchain network Boba raise money, Will Smith and Paris Hilton among investors

In November 2021, MoonPay announced a $555 million Series A financing round that brought the crypto payment platform's valuation to $3.4 billion. On Wednesday, the fintech company revealed that $87 million of the total $555 million came collectively from more than 60 public figures and celebrities in the music, sports, media and entertainment industries. 

Hybrid computing platform Boba Network has joined the “crypto unicorn” rankings after raising $45 million in Series A funding, underscoring the investment appeal of Ethereum layer-2 scaling solutions. 

Nonfungible tokens (NFT) continue to make waves in mainstream media, with projects such as “Bored Ape Yacht Club” no more pertinent an example of the potential of the space. Some of the biggest names in Hollywood are proud owners of Bored Ape NFT avatars, which has no doubt driven interest and prices for Bored Ape NFTs.

Puma is the latest in a growing list of major brands to purchase a decentralized URL and reveal their nonfungible token, or NFT, by changing their Twitter handle to Puma.eth. The sportswear brand registered the domain name with the Ethereum Name Service, or ENS.

American fast-food behemoth McDonald’s is the latest major brand to make a move into the metaverse by filing no fewer than twelve trademark applications on February 4, eleven of which make direct references to virtual restaurants, cafes, concerts, and other virtual services, goods, and events.

Silicon Valley tech VC Andreessen Horowitz (A16z) is reportedly eying an investment in Bored Ape Yacht Club creator Yuga Labs, with a reported valuation as high as $5 billion.

The OG influencer Paris Hilton has continued her crusade into the Metaverse, saying that she sees it as the “future of partying, going out, interacting with people, and being social”.

In March 2021, a 1961 oil painting by VS Gaitonde sold for over $5 million — making it the most expensive Indian art ever sold. In the same month, auction house Christie's sold a digital work of art for the first time for $69 million. It not only set a record but also made a blockchain application called NFT instantly popular. NFTs, or non-fungible tokens, are unique digital items stored on a blockchain, the same network that runs cryptocurrencies. Anything digital — images, videos, music, even the online version of this article — can be converted into an NFT and monetised. NFTs are not the digital art but instead certificates of authenticity, and most use the blockchain of ethereum, the second-biggest cryptocurrency. Just like crypto, trading of NFTs too has no legal backing yet. The lack of regulation also means that it is prone to price manipulation. Increased use of the internet and a surge in interest in crypto has driven NFTs' popularity. «Many consumers who had put money in crypto were introduced to NFTs as a new medium of investment. NFTs also gained popularity when celebrities like Twitter co-founder Jack Dorsey, Paris Hilton, and Snoop Dogg sold NFTs,» said Sumit Ghosh, CEO & co-founder of Chingari, the NFT marketplace that was launched by Salman Khan in October 2021. Presented ByDid you Know?Producer, direc

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Following the announcement that Facebook’s parent company would be rebranding in a shift towards the Metaverse, many projects have started similar initiatives entering the virtual space, from buying property to testing the limits of what this universe has to offer. 

Around the world, douchebags are getting into NFTs in a big way.

Sunny Leone ventured into the NFT (non-fungible token) space after she made an announcement to enter the marketplace following in the footsteps of megastars Amitabh Bachchan and Rajinikanth. And now, racing ahead, Sunny has gone on to mint her NFTs.