NFT Financial News

The United States Treasury Department Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons (SDN) list was updated Thursday to reflect the possibility that North Korean cyber-criminal Lazarus Group was behind last month's hack of the Ronin Bridge, in which over 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) was taken, Chainalysis announced by Twitter. The information was also confirmed by Ronin. 

American comic book publisher Archie Comics, known for its iconic Riverdale characters, is leveraging the blockchain to develop fan-generated art and stories as well as Archie-inspired NFT collections. Laura Braga and Vincezo Federici, the artists behind the 80-year-old franchise, partnered with Palm NFT Studio, to create a new blockchain-based writer’s room called the "Archiverse: Eclipse." 

Twitter founder Jack Dorsey’s first-ever tweet, which sold for USD 2.9m worth of ethereum (ETH) back in March 2021, was put up for auction again and was apparently expected to fetch at least USD 50m, but has so far received the highest bid of just over USD 6,200.

Meta has announced plans to charge 47.5% on each item sold on its new Meta Quest app store, including nonfungible tokens (NFT) when they are available.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

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. 

The China Banking Association, China Internet Finance Association, and Securities Association of China issued a joint statement warning the public about the “hidden risks” of investing in nonfungible tokens, or NFTs.

Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs. 

The majority of internet users today recognize domains as being the combination of letters they type into their browser. However, what many don’t know is that domains were designed to accomplish a lot more than displaying a website, with functionality to send emails and make payments, to list a few. So, why aren’t we seeing domains leveraging this additional utility? In short, the answer comes down to their control from centralized servers. As the story goes, with centralization comes greater control, in turn, adding barriers to innovation. 

Japanese gaming giant Sega is looking at integrating cloud technology and NFTs as part of its new “Super Game” project to connect different games to each other.

In the last two months, OpenSea began to cool down from its New Year's bull run and many NFT pundits began to speculate about the beginning of a bear market once sales took a slight downward trend after closing out a record-breaking $5 billion in total volume sales in January. 

Bored Ape Yacht Club, or BAYC, NFT holders own the intellectual property rights to their specific ape and can use the likeness of their ape(s) for commercial purposes. One such BAYC member, Andy Nguyen, decided to open a Bored Ape themed restaurant aptly named Bored & Hungry in Long Beach, California. 

Ukraine’s courageous fight against Russia’s invasion continues to inspire efforts across the cryptosphere and beyond, with former NASA astronaut Scott Kelly officially dropping his first-ever non-fungible token (NFT) to aid the Ukrainian war effort.

Popular non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC) is launching a three-part film series with major crypto exchange Coinbase, while Snoop Dogg is collaborating with NFT project Clay Nation to launch a new collection on Cardano (ADA).

Tech venture capital firm White Star Capital has secured $120 million in funding for its second Digital Asset Fund (DAF II) to invest in crypto networks and early-stage blockchain and Web3 businesses.

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Gaming and venture capital firm Animoca Brands has completed its landmark acquisition of Eden Games, publishers of the Gear.Club, Test Drive series, and other popular racing games.

Chennai/Mumbai: Indian companies across sectors have started experimenting with various options — especially non-fungible tokens (NFTs) — as a marketing tool to expand their presence in the relatively new digital domain of metaverse. These companies range from Mahindra & Mahindra (M&M), Ceat & MG Motor in the automobile space to jewellery brand Tanishq from the Tata Group, to travel aggregator MakeMyTrip. They have introduced their own NFTs. NFTs are digital assets that allow a very limited number of owners a digital experience and also bragging rights. Their ownership is validated by a long alphanumeric code that’s nearly impossible to hack. NFTs, for all practical purposes, are digital arts. To attract new customers who are more tuned to the real world and may not be comfortable with a fully digital experience, companies are mixing in some real-life experience too for NFT owners. Last week, Tanishq launched its new ‘Romance of Polki’ wedding collection in the metaverse, allowing guests to get a 3D experience of the launch and the jewellery pieces as well as to try on a showstopper piece using QR codes from their mobiles. According to Titan CEO (jewellery division) Ajoy Chawla, the company is trying to discover the metaverse and explore its potential. Presented ByDid you Know?DeFi is enablin

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Developers can create new ERC standards that define a required set of functions for a token type - and they did just that. Two recently created ones have each attracted some attention and may find adoption in the future.

The majority of the non-fungible token (NFT) market resides on Ethereum (ETH), tying the performance of the NFT market – to a degree – to the value of ether as most NFTs are priced in ETH.