NFT Financial News

Nonfungible tokens (NFT) have created an environment where artists can take control of their work and finances. Experts agree that artists and creators that tokenize their work and issue it as NFTs no longer have to deal with third-party intermediaries. 

NFT verification facilitating platform bitsCrunch has partnered with MasterCard for a new Web3 project. bitsCrunch will be incubated through their Master Start Path. The expertise from MasterCard will help ingenious later-stage startups grow and reach a global customer base. bitsCrunch and MasterCard Start Path will provide customers with cutting-edge collaboration solutions through this partnership. Mastercard is entering the crypto space to facilitate transactions where non-crypto users may purchase digital assets with fiat currencies (credit and debit cards).

Following an unsuccessful venture in purchasing English football team Bradford City F.C in December 2021, WAGMI United — an innovative Web3 brand utilizing blockchain mechanics and the global sporting culture — has announced the acquisition of English fourth-division team Crawley Town Football Club. 

Between January and March 2022, non-fungible token (NFT) trading volumes cooled down from a hot January start, but the number of trades increased significantly in networks outside Ethereum (ETH) -- indicating an expanding NFT market with broadening adoption across the ecosystem, according to a recent report released by and dapp information provider DappRadar.

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

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

Thursday marks the fifth anniversary of Spells of Genesis; generally regarded as the very first play-to-earn blockchain game. EverdreamSoft, the game studio behind SoG, first distributed many of the game's trading card-based NFTs back in 2015, though its mobile trading card game did not go live until 2017. To commemorate the occasion, Everdream Soft announced the opening of an NFT History Museum within the CryptoVoxels metaverse on April 20. This virtual exhibition will feature new and vintage SoG cards as well as assets from various other popular NFT collections.

Non-fungible tokens (NFTs) based on the Solana (SOL) blockchain, a public blockchain and a rival to Ethereum (ETH), are now supported by the major NFT marketplace OpenSea.

Sky Mavis, the firm behind the popular blockchain-based online video game Axie Infinity (AXS), has announced the Early Access release of its much-anticipated update Axie Infinity: Origin. 

Meta, the parent organization of social media platforms Facebook, Instagram, and WhatsApp, is reportedly drafting plans to introduce virtual coins that are not based on a blockchain.

Hot Drops, an NFT marketplace, has launched its own platform NFT.LA after raising about $2.4 million in the seed funding round. Hot Drops seeks to solve issues that have long plagued the entertainment industries, with the platform paving the way to be a leader in the protection of minors accessing adult content. «It is ahead of the curve on the enforcement of regulations being passed in several countries around the world, through uniquely age-verified accounts to purchase or view content and enforces an invite-only acceptance program for established creators. Hot Drops is shifting the paradigm of content being taken for free and rewarding loyal fans for purchasing content in a gamified experience,” a statement issued by Hot Drops stated.

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

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

Nonfungible tokens (NFTs) have seen their fair share of controversy, but now they have found their way into the midst of the battle between multi-billion dollar corporations and workers trying to unionize their workplaces in the United States.

Sky Mavis, the creator of the popular play-to-earn nonfungible token game Axie Infinity has raised $150 million in a new funding round led by Binance. 

People across the planet are gearing up for the metaverse, a virtual realm where digital and physical reality meet. Many have already developed an appreciation of the value stored within a digital asset such as nonfungible token (NFT) land or NFT art. However, this mindset change is only the beginning. After all, with digital currencies and assets as the foundation of a new world, who is to say, these applications can’t extend further with careers, businesses and entire global empires being built in the metaverse.

Prices of land plots in the metaverse fell by 18% last month from an all-time high seen the month before, according to an index covering 30 of the top virtual worlds. However, virtual land still outperformed the price of Ethereum’s native token ETH when seen over the past year as a whole.

Holders of blue-chip non-fungible tokens (NFTs) have long been targets of various types of attacks given the value of their possessions - and now scammers seem to have found new loopholes to take advantage of.

The Solana network is gaining traction among nonfungible token (NFT) traders as total sales have surged past $1.6 billion, making it the third most active blockchain by NFT sales volume.

Singer Karthik will launch what is being called India’s first music NFTs (non-fungible tokens) on April 14 with a concert in the metaverse, an immersive 3D version of the internet tipped to transform workplaces and online interactions.

Ledger, a major supplier of hardware wallets designed for secure storage of cryptocurrencies like Bitcoin (BTC), is launching a brand new wallet specializing in nonfungible tokens (NFTs).