NFT Financial News

08.06 / 13:21

business NFT Web3 Gaming Funding HyperPlay raises $12M in Series A funding round

On June 8, HyperPlay — a Web3-native game launcher — said it closed its Series A funding round after raising $12 million from investors, including co-leaders Griffin Gaming Partners and Bitkraft Ventures.

08.06 / 10:07

Blockchain NFT Mainnet NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

Nonfungible-token (NFT) protocol Enjin has announced its transition into a new mainnet called "Enjin Blockchain" with the aim of furthering Web3 adoption. Following the transition, its Polkadot parachain called Efinity has also been forked into the new blockchain.

08.06 / 10:07

Blockchain Art Adoption NFT Web3 Web3 is transforming the music industry — Here’s how

Blockchain technology, the backbone of Web3, can take the engage-to-earn model for artists to a new level, enabling more direct and meaningful interactions with fans. Thanks to its unmatched security and features, such as decentralization and tokenization of assets, artists can create unparalleled experiences for fans and for themselves. For example, they can leverage the technology to retain full ownership rights of their work and directly monetize their content. Many artists, including musicians and digital artists, have been using nonfungible tokens (NFTs) to tokenize their creations.

08.06 / 09:29

NFT regulation coinbase Non-fungible tokens Crypto Community Adopts 'Stand With Crypto' NFT After SEC Sues Binance and Coinbase

The crypto community minted 140,830 non-fungible tokens (NFTs) in a collection previously launched by the exchange giant Coinbase with a goal to make the US regulators provide the much-needed and "sensible crypto policy."

08.06 / 09:05

NFT defi US federal court dismisses lawsuit against DeFi platform PoolTogether

A United States federal judge has recently dismissed the lawsuit against the decentralized finance (DeFi) platform PoolTogether. According to the ruling, the federal court system is not the correct place to air out concerns against the DeFi startup.

08.06 / 08:05

business NFT Marketplace Blockchain Game crypto push GameStop fires CEO Matt Furlong months after axing crypto push

GameStop has fired its CEO Matt Furlong, the executive responsible for launching the company’s push into nonfungible tokens (NFTs).

07.06 / 19:51

NFT Web3 NFTS Metaverse RPG Optimism Memes Best Crypto to Buy Now 7 June – Optimism, ApeCoin, Lido DAO

The U.S. House Financial Services Committee will hold a hearing on June 13 on the topic of cryptocurrencies, potentially giving more clarity to the markets.

07.06 / 19:17

NFT wallet Gaming Marketplace Blockchain Game Nike NFTs are coming to EA Sports games: Nifty Newsletter, May 31–June 6

In this week’s newsletter, read about GameStop’s nonfungible token (NFT) platform partnership with game company Illuvium, and check out how NFTs can store digital assets, and how blue-chip NFT collaterals are being used in NFT lending. In other news, Nike’s NFTs are coming to EA Sports games, and don’t forget this week’s Nifty News, featuring upcoming blockchain games from Epic Games.

07.06 / 16:49

NFT defi Venture Capital GameFi Cointelegraph Pitch Room launched, bridging promising projects to quality investors

Cointelegraph presents Pitch Room, a new stage in the effort to boost innovation in the crypto space, dedicated to investors interested in deal flow. Pitch Room opens doors for promising startups in the Web3 space, exploring new markets and building solutions with the potential to disrupt the industry. Investors can view a one-page summary of each company, a two-minute elevator pitch and an in-depth presentation. The goal of Pitch Room is to bridge venture capitalists and private equity managers with innovative firms at the cutting edge of the crypto space.

07.06 / 11:19

NFT Non-fungible tokens Metaverse Fashion Backed Louis Vuitton Set to Launch $42,000 Physical-Backed NFT Trunks

French luxury fashion house Louis Vuitton has announced its first non-fungible token (NFT) collection, with each iconic-trunk-turned-digital-collectible coming with a tag of nearly $42,000.

06.06 / 23:01

cryptocurrency Binance NFT SEC coinbase US Best Crypto to Buy Now 6 June – Bitget, Quant, Kava

Coinbase, one of the leading cryptocurrency exchanges globally, faces a lawsuit from US regulators, hot on the heels of similar legal action against Binance, another industry heavyweight.

06.06 / 21:09

NFT Web3 NFTS Non-fungible tokens Metaverse Crypto wallet Pepe Coin Price Is it Too Late to Buy Pepe Coin? PEPE Coin Price Plummets 15% in 7 Days as Launchpad Approaches $1 Million

Despite an incredible surge of over 50,000% between April 15 and May 5, Pepe Coin (PEPE) is experiencing a significant decline of more than 60% from its peak, with 15% of the drop occurring in the past week.

06.06 / 20:14

Blockchain NFT Blue chip collaterals help stabilize NFT lending: Paraspace

According to a recent report published by nonfungible token (NFT) money market protocol Paraspace and multichain wallet BitKeep, the current amount of NFT borrowing and lending, or NFTFi loans, has surpassed $430 million across 43,521 borrowers. The highest proportion of collateral comprised the most popular NFT collections, such as Wrapped CryptoPunks, Bored Ape Yacht Club and Mutant Ape Yacht Club.

06.06 / 19:47

Blockchain NFT GameFi Illuvium GameStop NFT back in the spotlight after partnership with Illuvium

On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer merchandise retailer GameStop to debut a 20,000 nonfungible token (NFT) collection starting June 12. As told by developers:

06.06 / 19:12

Blockchain Adoption NFT Web3 Fashion Louis Vuitton embraces Web3, launches its iconic trunk as a digital collectible

As the fashion industry continues to embrace the “phygital” evolution, French luxury house Louis Vuitton announced the launch of the VIA Treasure Trunk, the virtual representation of its iconic travel trunk.

06.06 / 19:09

NFT Web3 Gaming virtual reality Metaverse NASA Science mars NOT Not all virtual worlds are based on fictitious designs — This one replicates Mars

The arrival of the PC was transformative for gaming — avid players could suddenly experience what it’s like to be a pilot, a train driver or even a goat through simulation.

06.06 / 18:21

Digital NFT Disney Future Collectibles Beyond Collectibles: Gary Vaynerchuk's Vision for the Future of NFTs

Non-fungible tokens (NFTs) are set to expand well beyond the digital collectibles and art pieces that they are today, according to one industry insider.

02.06 / 20:13

business Blockchain NFT Insurance Evertas expands crypto insurance offerings to include mining and raises limits

Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio.

02.06 / 13:21

Blockchain Adoption NFT Social Media Web3 Tokens Decentralization Web3 adds semantic layer to Ethereum for a decentralized society

Focusing too much on the tokenization of assets instead of encoding social relationships of trust was a key complaint regarding the current state of Web3 that found a clear voice in a mid-2022 paper published by Ethereum co-founder Vitalik Buterin along with E. Glen Weyl and Puja Ohlhaver. Titled “Decentralized Society: Finding Web3's Soul,” the paper explores soulbound tokens (SBTs), a unique form of nonfungible tokens (NFTs) that represent the credentials of a user.

02.06 / 12:11

Ethereum NFT wallet AIM Here’s how developers aim to store crypto inside NFTs

Developers have recently published an Ethereum Improvement Proposal (EIP) introducing a new way to use nonfungible tokens (NFTs). With this system, all NFTs can have a smart contract account, allowing them to store other NFTs or crypto tokens.

02.06 / 02:59

business NFT Sport eSports Nike NFTs to make their way into EA Sports games and its millions of fans

In a major step towards mainstream gamer adoption for crypto, Nike’s nonfungible token (NFT) platform .Swoosh will soon be integrated with EA Sports games, potentially allowing Nike's virtual footwear and apparel to appear in games.

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