NFT Financial News

10.02 / 01:19

BTC NFT Bitcoin network Ordinal Bitcoin Network Ordinal NFTs Push Bitcoin Network Activity to Near 2-year High – What This Means for the BTC Price?

The 14-Day Exponential Moving Average (EMA) of the number of transactions taking place on the Bitcoin network hit its highest level since April 2021 earlier this month, according to data from crypto analytics firm Glassnode. The 14-Day EMA of transactions recently surpassed 300,000, with analysts and cryptocurrency market commentators citing the recently deployed Bitcoin NFT protocol called Ordinals.

10.02 / 00:09

Blockchain Ethereum Lowe's NFT Bitcoin Lost Ethereum NFT collections lost nearly 60% of their market cap in 2022: Report

A survey of 81 nonfungible token (NFT) collections on the Ethereum blockchain showed a sharp overall loss in market capitalization in 2022, according to a report from DappRadar released Feb. 9. Losses were not even distributed, however.

09.02 / 21:56

Blockchain NFT Gaming SPS discusses challenges of building GameFi amid crypto winter

Amid a drastic decline in coin prices, shifting player behavior and hard-to-maintain tokenomics, it’s been a difficult year for many GameFi developers. While more established franchises, such as Axie Infinity, have held ground, other lesser-known projects, such as Elexir, have mostly pulled the plug, with a lack of viable game designs being unable to compensate for the “Fi” element in GameFi.

09.02 / 18:57

Blockchain Ethereum NFT User experience AI to feature prominently in the crypto user experience — Nansen CEO

As the crypto industry attracts more users, developers are laser-focused on improving user experience, a major pain point for most new users. Artificial Intelligence has often been seen as a technology that could improve how people use and interact with crypto. In the latest episode of Hashing It Out, the integration of AI with crypto is discussed at length.

09.02 / 15:17

Adoption NFT Metaverse Here’s a list of countries that love the metaverse the most

A recent analysis of more than a million tweets showed a list of countries that love and hate the metaverse, with Vietnam showing the most love for the concept and Ireland topping the opposite side of the spectrum.

09.02 / 15:17

Blockchain Technology Art NFT Metaverse community Community-centric NFT collection for the hustlers goes live to the public

As the market turned from bullish to bearish, many critics were quick to question the legitimacy of new digital collectible releases. Fortunately, the market turn wasn’t an end to the asset class as a whole, but rather to the projects that weren’t rooted in real utility. Although the utility itself varies from rallying people in support of a social cause to building a community for like-minded individuals to interact, the conclusion is clear — the real value of digital collectibles is what it represents to their collectors.

09.02 / 15:17

Blockchain Ethereum Adoption NFT Sport Fan tokens Chiliz launches layer-1 blockchain to expand fan token ecosystem

Five years on from its inception, fan token platform Chiliz has launched its own layer-1 Ethereum Virtual Machine (EVM) compatible blockchain ecosystem to support its growth.

09.02 / 00:31

business Technology Digital NFT Web3 Metaverse Hermès wins case against Mason Rothschild’s Metabirkins

On Feb 8, a jury trial in the Southern District of New York reached a verdict in Hermès' lawsuit against MetaBirkins. The court ruled that artist Mason Rothschild had violated the trademark protections of the brand Hermès. Rothschild's 100 "Metabirkins" NFTs were found to not be artistic commentary and therefore not protected by the First Amendment of the US Constitution.

08.02 / 23:29

NFT MasterCard YouTube Bitcoin youtuber YouTuber baits MMA fighter to promote fake NFTs: Nifty Newsletter, Feb. 1–7

In this week’s newsletter, read about how Yuga Labs settled a lawsuit with one of the creators of a copycat nonfungible token (NFT) collection. Learn how the Bitcoin Ordinals creator fixed the first instance of porn uploaded to the protocol and how YouTuber Coffeezilla tricked MMA fighter Dillon Danis into promoting fake NFTs. In other news, Logan Paul and his team face a class-action lawsuit for allegedly executing a rug pull, and don’t forget this week’s Nifty News, featuring Mastercard’s former NFT lead minting his resignation letter as an NFT.

08.02 / 20:21

Adoption NFT A tribute to hardworking heroes: A Hard Working Man – Blue Collar Pass

In 2022, the concept of nonfungible tokens (NFTs) faced criticism from those who questioned their utility. However, the team behind the “A Hard Working Man” (AHWM) digital collectibles project is eager to change that perception. In collaboration with Cointelegraph and Animal Concerts, the team behind the hit single “A Hard Working Man” — including Grammy-award-winning production duo The Avila Brothers — is releasing an NFT collection with real utility featuring hip hop icon Snoop Dogg and country music mogul Billy Ray Cyrus.

08.02 / 18:51

Blockchain UPS NFT Aware Platform Action negligence 500 OpenSea Accused of Theft, Negligence and Extortion by User Suing NFT Marketplace for $500,000

OpenSea has a security and fraud problem and if one account holder on the NFT marketplace is right, it is negligent in protecting its customers and guilty of extortion.

08.02 / 18:51

Blockchain NFT virtual reality Metaverse Exploring the Metaverse’s potential with RFOX: Challenges in implementing AI and NFTs in VR

The concept of virtual worlds and the Metaverse has been growing in popularity over recent years, with the introduction of AI and NFTs offering new opportunities for immersive experiences. However, there are still many challenges that lie ahead for these technologies to be adopted by the masses.

08.02 / 12:03

NFT defi Investments play-to-earn Minting How to Crypto What is Splinterlands and how to earn money playing it

The development of blockchain technology and the growing adoption of nonfungible tokens (NFTs) are two factors that have contributed to the proliferation of play-to-earn collectible games. Play-to-earn (P2E) games allow players to gain benefits by participating in the game, such as in-game currency and items.

07.02 / 08:23

business Law NFT Court Yuga Labs settles lawsuit with developer involved in copycat BAYCs

The creator of the nonfungible token (NFT) collection Bored Ape Yacht Club has settled a lawsuit with one of the developers behind a copycat collection known as RR/BAYC.

05.02 / 12:49

NFT Hack NFTS FBI FBI Seizes $260,000 in NFTs and Cryptocurrencies After Tip-Off By Twitter User

The US Federal Bureau of Investigation has confiscated over $260,000 worth of NFTs and cryptocurrency after a tip-off by pseudonymous blockchain sleuth ZachXBT.

04.02 / 11:19

business NFT Payments advertisement youtuber YouTuber baits MMA fighter into secretly shilling fake NFTs for $1K

Coffeezilla, a YouTuber and crypto investigator, revealed that American mixed martial artist Dillon Danis promoted a fake NFT project without disclosing that he received $1,000 for the advertisement.

04.02 / 09:51

Twitter NFT Scams Bot Little Shapes was a ‘social experiment’ to expose NFT botnets: founder

Atto, the pseudonymous founder behind Little Shapes NFT has revealed that the project was actually a “social experiment” designed to shed light on large-scale NFT bot network scams on Twitter.

03.02 / 13:19

NFT Career Web3 MasterCard Non-fungible tokens Mastercard's NFT Product Lead Resigns, Leaves Behind a Surprising Farewell Gift

Satvik Sethi, payments giant Mastercard's now-former non-fungible token (NFT) product lead, announced that the had resigned from this role on Thursday - but in a surprising and fitting move, he minted his resignation as an NFT.

03.02 / 08:33

NFT EBAY MasterCard Tokens fees Marketplace letter Nifty News: Bitcoin NFTs cause spicy fees, Mastercard exec tokenizes resignation letter and more

The Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and in the process is hiking the transaction fees on the network.

02.02 / 23:41

NFT hacks Scams Opensea Porsche NFT trading volume nears $5M: Nifty Newsletter, Jan 25–31

In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost nonfungible tokens (NFTs) worth more than $1.1 million. Find out why an NFT collector is suing NFT marketplace OpenSea over locking his account for three months and how the Porsche NFT collection gained almost $5 million in sales volume, despite a failed launch. In other news, find out how NFT trademarks could potentially be a reliable signal for NFT traders. Lastly, professionals within the Web3 space shared various ways to combat NFT theft.

02.02 / 22:43

Government NFT regulation Web3 DAO Support Japanese Prime Minister says DAOs and NFTs help support government’s 'Cool Japan' strategy

Fumio Kishida, the Prime Minister of Japan, has come out in support of blockchain as a potential solution for technological issues facing the country.

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