NFT Financial News

5ire, a 5th generation blockchain network, has bagged the AIBC Asia's 'Social impact Project of the Year' award held in Dubai, the United Arab Emirates on March 20th, 2022. 5ire is founded by two entrepreneurs of Indian origin, Pratik Gauri and Prateek Dwivedi, along with crypto financier Vilma Mattila from the United Kingdom. Appreciating the winners, AIBC underlined the importance of Social Impact, saying, «The stronger our ties develop, the more powerful blockchain becomes.»

Another very popular and pricy non-fungible token (NFT), this time Bored Ape #835, an item in the popular NFT collection Bored Ape Yacht Club (BAYC), has been sold for a fraction of the collection's floor price -- and the community is debating what may be behind it. 

This past weekend, Decentraland hosted the Metaverse Fashion Week, or MVFW, a four-day digital fashion event that staged wearables on virtual runways, organized discussion panels, and housed shopping experiences. A lineup of both legacy luxury labels and digital brands participated, including Dolce & Gabbana, Etro, Tommy Hilfiger, Estée Lauder, and Elie Saab.

South Korea’s reputation as a trend-setter and leader in technological research is quickly spilling into the blockchain realm as nonfungible token (NFT) adoption has skyrocketed in the small East Asian country.

The former chief executive officer of now defunct crypto exchange Mt. Gox has announced that certain users will be eligible to receive commemorative nonfungible tokens, or NFTs.

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

The CEO of the now-defunct bitcoin (BTC) exchange Mt. Gox has announced a “commemorative” non-fungible token (NFT) collection for users and creditors of the infamous trading platform

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

The metaverse-focused Layer 1 blockchain Zilliqa’s native token ZIL rose in price today after news that a virtual world built on it has partnered with the photo-sharing and awards app Agora.

Daler Mehndi has marked his presence in the metaverse after buying a piece of land in the virtual world and naming it as Balle Balle Land. As per the media reports, it is India's first land acquisition in the metaverse. The pop singer launched the area on Holi this year and it will house a store selling NFTs. TheBalle Balle Land also houses a gold statue of Daler Mehndi himself. He will be hosting Bollywood films and music concerts in his Balle Balle Land. Daler bought the land through the Metaverse platform PartyNite.

Nelson Mandela’s original arrest warrant raised 1.9 million rand ($130,000) in an auction to help fund a heritage site that documents South Africa’s struggle for democracy. Mandela, the anti-apartheid activist who emerged from 27 years in prison to become South Africa’s first Black president, was arrested in 1962 for conspiring to overthrow the White-minority government. Proceeds from the sale will go toward the Liliesleaf Museum Heritage Site, which received the original document in 2004 as a donation, said Ahren Posthumus, chief executive officer of Momint, the marketplace for NFTs that sold the Mandela item. Last year the museum received about $50,000 following an auction of a NFT of a pen gun owned by fellow freedom fighter Oliver Tambo.

Blockchain is the technology that provides the conditions and premises to rethink governance by transferring all the power to communities. This is achieved through various consensus mechanisms available today.

Icecap for investment-grade diamonds to offer fractionalized ownership of the Miss Universe crown via non-fungible tokens (NFTs). The Miss Universe Crown was created by Switzerland-based Mouawad, whereas Icecap is a leading player in creating blockchain-based diamond NFTs. The Miss Universe Power of Unity Crown, worn by 2019 Miss Universe winner Zozibini Tunzi of South Africa, and then by 2020 Miss Universe Andrea Meza of Mexico, is currently held by Miss Universe 2021 Harnaaz Sandhu from India.

Mahindra & Mahindra (M&M) on Friday announced foraying into the Non-Fungible Token (NFT) market, becoming the first Indian automotive company to enter the space. NFTs are at the forefront of blockchain technology, and have captured the interest of the digitally savvy and constantly connected generation. Mahindra's initial NFT offerings, to be based on its iconic Thar vehicle, will be released in collaboration with Tech Mahindra.

Blockchain games have been quite popular among crypto enthusiasts for a long time because they use cryptocurrency as an in-game tool.

The metaverse continues to infiltrate the high-end fashion industry, with Decentraland, one of the most popular emerging virtual worlds, hosting the Metaverse Fashion Week between March 24 and 27, which will include more than 60 brands, artists, and designers.

Chingari announced the launch of 100 Non-fungible Tokens (NFTs) in partnership with Fashion TV. Chingari is the issuer of GARI native token that enables short-form video creators to monetize their content on the blockchain. The company said holders of these NFTs will have exclusive benefits including access to ‘invite-only’ parties and fashion events hosted by Fashion TV including Fashion Metaverse. Chingari has also announced its entry into Metaverse with Fashion Metaverse in association with Fashion TV. The space will organize fashion shows to which the NFTs holders will get exclusive access.

The Ministry of Digital Transformation in Ukraine has started an online nonfungible token museum aimed at preserving the timeline of major events starting with the Russian military invading the country.

Today, Ukraine launched an "NFT museum" - Meta History: Museum of War - in order to raise additional funds to support its army and civilians, attacked by Russia. NFT sales are estimated to start in four days.

The minting of non-fungible tokens (NFTs) is becoming increasingly competitive, with more new projects created and the cost to mint new NFTs being cut. However, a number of NFTs minted still end up as part of a “dead collection” with no trading activity -- though, notably, the proportion of such NFTs is decreasing, a report from blockchain analytics platform Nansen has said.

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