NFT Financial News

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BollyCoin has released a teaser of its upcoming NFT collection based on 'Chulbul Pandey', the character from Salman Khan's successful 'Dabangg' franchise. The novel collection will provide the fans of Salman Khan 'Dabangg' wearables that they can use in various metaverse platforms, such as Decentraland and The Sandbox. The NFT marketplace, which kick-started in October 2021, is aiming to get Bollywood into the Metaverse. BollyCoin is a community-driven platform, with its own cryptocurrency listed on the decentralised exchanges, namely — UniSwap & QuickSwap.

NFT bubble isn't popping, but it may have sprung a leak. A year on from when a single non-fungible token sold for $69.3 million in crypto at Christie's auction house, with the buyer paying to be recorded on blockchain as the owner of a digital file that anyone can see online for free, this weird and wild market is showing some signs of slowing down. Sales on OpenSea, the largest NFT marketplace, had reached nearly $5 billion in January, a giant leap from the $8 million a year before, but declined to around $2.5 billion last month.

Starbucks, an American multinational chain of coffeehouses, aims to enter the non-fungible token (NFT) business by the end of the year.

LooksRare platform that has quickly become the leading NFT marketplace by trading volume shows that most of the activity is actually users selling tokens to themselves to help earn rewards in the form of more coins. The platform was launched in January by two anonymous co-founders — who go by Zodd and Guts — as an alternative to market leader OpenSea during the height of the NFT boom. The site had planned to add new features to lure NFT enthusiasts, according to a blog post at the time. Almost all of those initiatives have focused on the incentive program built around the Looks token awarded to active users of the platform. About $18 billion of the trading volume on the platform, or about 95% of the total activity, can be attributed to what’s often referred to as wash sales, according to data compiled by NFT tracker CryptoSlam. The transactions are seen as one of the many gray areas in crypto when it comes to regulation. In this case, the sales are done to win new tokens rather than to pump up nonfungible token prices to lure unsuspecting buyers. The marketplace benefits from the fees generated by each transaction.

Elon Musk on Tuesday took a swipe at Twitter for adding a new feature which allows users to use NFTs from their crypto wallets as their profile pictures.

The United Kingdom will soon introduce its own non-fungible token in effort to the lead the way in cryptocurrencies, CNBC reported.

Cryptocurrencies traded in the green early on April 5. The global crypto market cap is $2.16 trillion, a 0.72 percent increase over the last day. The total crypto market volume over the last 24 hours is $107.37 billion, an increase of 13.99 percent.

If you don't have a strategy, you cannot successfully invest in or trade any asset – stocks, bonds, crypto, etc. The same rule applies to NFTs.

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

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Cryptocurrencies traded in the green early on April 4. The global crypto market cap is $2.14 trillion, a 0.73 percent increase over the last day. The total crypto market volume over the last 24 hours is $94.07 billion, a 14.86 percent decrease.

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A 21-year-old Hague art academy student, Stijn van Schaik, has put his soul up for prospective buyers as an NFT on marketplace OpenSea.

vEmpire DDAO has launched a staking pool for ApeCoin, with a triple digit starting yield. vEmpire is a Decentralized Metaverse, GameFi and NFT investment organization. ApeCoin, a latest crypto sensation, is a new ERC-20 governance and utility token used within the wider Ape ecosystem tht has itself experienced tremendous growth throughout the past year. Currently, the only use case for ApeCoin is for governance, enabling token holders to have a say in the ApeCoin DAO and to vote on how the ApeCoin DAO Ecosystem Fund should be used.

The ruling Japanese political party’s new non-fungible token (NFT) task force has recommended that the government appoints a “Web 3.0 minister.”

According to Forbes, the market for counterfeit goods is growing at an unprecedented rate, now accounting for an estimated 2.5% of world trade (over $450 billion). On the surface, many might overlook the percentage, considering only the perceived benefits, including the availability of low-cost knock-offs. It is only upon closer consideration that these same parties will realize that counterfeiting doesn’t just hurt businesses; it hurts the consumer too.

The world is largely governed by the creator economy, an economy defined as a class of businesses that rely on the 50 million content curators, bloggers, creators and videographers that bring something new or original into existence.

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

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Digital asset sporting project Chiliz has announced the launch of the Scoville testnet for the newly established layer-1 blockchain network Chiliz Chain 2.0, also known as CC2.