NFT Financial News

05.07 / 14:01

NFT regulation Europe Anti-money laundering lawmakers EU Lawmakers Want Anti-Money Laundering Rules To Cover NFTs

With the European Union advancing work on new regulations that could exert a significant impact on the crypto industry, a group of members of the European Parliament have proposed an amendment to the bloc’s anti-money laundering (AML) legislation that would cover non-fungible token (NFT) trading platforms with its provisions.

03.07 / 07:49

Ethereum NFT Polygon ethereum price today Ethereum, Polygon rise up to 17% over Meta's NFT buzz

Ethereum (ETH) and Polygon (MATIC) suddenly zoomed up to 17 per cent on Friday on the back of higher volumes and positive news flow. According to media reports, Meta (formerly known as Facebook) has started to roll out NFTs for some US creators on its flagship social network and the mentioned NFTs are based upon Ethereum and Polygon blockchain. The second-largest crypto asset zoomed to the $1,105 level on Friday, from its 24-hour low of $1,010. However, it was trading at $1,067.81, up by 4.2 per cent at 15.15 hours IST on Friday, the data from Coingecko suggested.

02.07 / 18:15

Blockchain NFT Investments virtual reality First hyper-realistic metaverse enables users to purchase their digital homes

There is no denying the world is headed to the metaverse, a term used to describe interconnected virtual realities where users simultaneously live a version of their digital life alongside their real life. Here, the world is invited to a space where they can work, learn, play, socialize and participate in any other activities they would live in the real world with a “digital twin.” The only difference is that, unlike the real world, where users are confined to time and space, the digital realm provides a completely immersive alternative that can be experienced without leaving home.

02.07 / 10:27

Blockchain Ethereum Adoption NFT NFT hype evidently dead as daily sales in June 2022 dip to one-year lows

Nonfungible tokens (NFT) took center stage in the year 2021 as artists, influencers, A-list celebrities and the sports industry finally came across a fan engagement tool that empowered the general public to cash in on their success. However, the hype around NFT did not manage to stand its ground as sales plummeted to one-year lows amid the ruthless bear market of 2022.

01.07 / 13:31

Facebook Adoption NFT Instagram Support Meta Launches NFT Support on Facebook

Facebook parent company Meta has enabled a group of US creators to show non-fungible tokens (NFTs) on their profiles.

01.07 / 09:03

NFT Crypto Collectibles Marketplace Hundreds of Bored Ape owners sign up to hire out their NFTs to brands

Hundreds of Bored Ape owners have signed up to a new NFT licensing marketplace that enables hodlers to rent out their Ape’s IP to brands.

01.07 / 00:57

business Facebook NFT expansion NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical program manager Navdeep Singh displayed screenshots of NFTs and a creator’s page Thursday on Twitter.

30.06 / 19:37

NFT Non-fungible tokens Yuga Labs OpenSea Daily Volume Plunges Below USD 1M as NFT Sales Sink

Major non-fungible token (NFT) marketplace OpenSea has seen a steep drop in the daily sales volume, which recently plunged to below USD 1m. The drop comes as the broader NFT market has been spiraling downward and the prices of popular NFT projects have been plummeting.

30.06 / 12:19

Blockchain Adoption NFT partnership Binance taps Tiktok star Khaby Lame to drive Web3 adoption

Crypto exchange platform Binance has partnered with Khaby Lame, the most-followed creator on TikTok, to increase the awareness for Web3. The influencer would act as a global brand ambassador for the exchange, helping debunk myths surrounding the crypto and blockchain space.

30.06 / 07:59

NFT privacy security phishing recommendations NFT Giant OpenSea Shares 5 Safety Recommendations as Users' Emails Leaked

Major NFT marketplace OpenSea warned their users that their emails have most likely been leaked and reminded them of 5 recommendations on how to protect yourself from email phishing attempts.

29.06 / 22:04

Blockchain Adoption Binance NFT Meta Ceo Ronaldo partners with Binance: Nifty Newsletter, June 22–28

In this week’s newsletter, read about Meta’s plans to expand their nonfungible token (NFT) testing on Instagram and Facebook. Check out how soccer legend Cristiano Ronaldo is planning to introduce his fans to Web3 through NFTs and how the rap legends Snoop Dogg and Eminem featured Bored Ape Yacht Club (BAYC) characters in their latest music video.

27.06 / 21:37

Blockchain NFT play-to-earn Next-generation entertainment company releases project to co-create content with creators

Japan is globally recognized as a derivative work powerhouse, with derivative works defined as creations like manga or illustrations written by individuals unrelated to the original creator. As a powerhouse, Japanese content supported by this work holds an important place in society, with secondary creation amounting to more than 10 billion yen.

27.06 / 19:33

NFT Conference NFT.NYC — How the Web3 space is validating the work of digital artists

Following the conclusion of the fourth annual NFT.NYC conference, attendees took the opportunity to reflect upon a week of artistic inspiration, community networking and developer innovation from within the nonfungible token (NFT) space.

27.06 / 16:17

business NFT Metaverse Metaverse can’t be built on the corporate business model, says EY innovation lead

Magnus Jones, the innovation lead at big four accounting firm Ernst & Young (EY) believes that the metaverse would be led by the young generation and it cannot be built on the same principles of the corporate business model.

27.06 / 14:37

Blockchain NFT Metaverse Digital Asset Metaverse fractional ownership to form similarly to property loans: Casper exec

As metaverse land assets become more expensive, ownership becomes harder for normal users. Because of this, Ralf Kubli, Board Member at the Casper Association, argues that fractional ownership, similar to property loans in the real world, may gain traction within the virtual space through nonfungible tokens (NFTs).

27.06 / 13:05

NFT regulation Barcelona Catalonia is building its own metaverse, says innovation minister

Catalonian director-general of innovation Daniel Macro discussed some of the key efforts that the government has taken and worked on to make the region a digital hub in an exclusive interview with Cointelegraph’s managing editor Alex Cohen. Macro’s comments came during the European Blockchain Convention (EBC) 2022.

27.06 / 07:07

NFT Web3 NFTS 'Phygital' likely to be next big trend in NFTs; adds real value for the buyer: Akshaya.io

Akshaya.io, an NFT marketplace launched its 'phygital' collection by Masterchef Vikas Khanna based on his book Sacred Tastes of India on Thursday. Commenting on the volatility in the crypto and NFT markets, Ganesh Raju, Founder and CEO, Akshaya.io said, in an interview with Etmarkets.com, that the web3 technology is going to revolutionise the e-commerce landscape. According to him, NFTs are more often than not related to just digital artworks of monkey images or cat images, which leads to question — what is the true value of such collectibles. This has led to emergence of the 'phygital' concept — phygital + digital.

26.06 / 11:45

Adoption NFT Investment The Tectonics of the Metaverse

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

26.06 / 07:27

cryptocurrency NFT Binance scores Cristiano Ronaldo as partner for NFT push

cryptocurrency exchange by trading volumes, said on Thursday it has signed a partnership with Cristiano Ronaldo for the promotion of non-fungible tokens (NFTs). As part of the multi-year agreement, the Portuguese soccer star and Binance will create a series of NFT collections for sale on the company's platform, the cryptocurrency exchange said, adding that the first collection would be released later this year. An NFT is a digital asset that exists on a blockchain, a record of transactions kept on networked computers, and the blockchain serves as a public ledger, allowing anyone to verify the NFT's authenticity and check who owns it.

25.06 / 00:55

Blockchain Adoption NFT Food It seems NFT-themed Bored & Hungry restaurant no longer accepts crypto

The Los Angeles Times reported Friday that recently opened NFT-themed burger joint Bored & Hungry no longer accepts cryptocurrency as a form of payment for its food.

24.06 / 20:57

Blockchain Ethereum NFT defi Sky Mavis Relaunch Exploit Axie Infinity to compensate Ronin exploit victims and relaunch bridge

Sky Mavis, the creator of the play-to-earn game Axie Infinity (AXS), announced that it will reimburse victims of the Ronin bridge hack and reopen the bridge next week.

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