NFT Financial News

14.02 / 19:41

Blockchain NFT defi Internet New mainnet connects blockchain to the physical world to promote mass adoption

Looking back at the 1990s, we live in a vastly different era from the times of the internet being considered a “passing fad.” It was at this time that many were turning their back on the technology due to its high access fees, as critics shared their skepticism of the technology’s limitations.

14.02 / 19:21

Blockchain NFT Polygon data network Polygon and Cere network to launch Web3 media platform, DaVinci

The Layer 2 scaling solution Polygon (MATIC) and Cere Network, a Decentralized Data Cloud platform, or DDC, announced the launch of their joint venture Web3 media platform, named DaVinci. Their stated mission is to store NFT-backed assets more securely, and ensure verifiable and truly decentralized data.

14.02 / 13:41

NFT defi Non-fungible tokens Compound Rare ‘Alien’ CryptoPunk NFT Sells for USD 23M Worth of Ethereum

An avid non-fungible token (NFT) collector and ethereum (ETH) holder has made history by spending a whopping USD 23 million worth of ETH on a CryptoPunk token – the highest fee ever forked out for an item in the so-called “OG” collection.

14.02 / 05:35

NFT Metaverse Marketplace Marketplace suspends most NFT sales, citing 'rampant' fakes and plagiarism

NFT of Jack Dorsey's first tweet for $2.9 million has halted most transactions because people were selling tokens of content that did not belong to them, its founder said, calling this a «fundamental problem» in the fast-growing digital assets market. Sales of NFTs, or non-fungible tokens, soared to around $25 billion in 2021, leaving many baffled as to why so much money is being spent on items that do not physically exist and which anyone can view online for free. NFTs are crypto assets that record the ownership of a digital file such as an image, video or text. Anyone can create, or «mint», an NFT, and ownership of the token does not usually confer ownership of the underlying item.

14.02 / 05:35

cryptocurrency Binance NFT Metaverse recovery regulatory Crypto movement at a glance: Regulatory buzz ruled the recovery, Web3 dominates

cryptocurrency space over the past week. Almost all the sectors witnessed modest gains, with Web3 being the top performer. The crypto market seems to be gearing up for a move. It could be a good time for DCA in sectors rather than investing in individual coins.Regulations in Russia In an exciting turn of events, Russia could just have given a massive boost to the cryptocurrency ecosystem. After much back and forth, the Russian government and its central bank have decided to regulate and recognize cryptocurrencies.

12.02 / 06:59

Blockchain Adoption NFT defi The evolution of DAOs and why they are expected to take hold in 2022

In 2021, crypto has been one of the biggest trends shaping tech and finance, and according to mainstream news headlines, decentralized autonomous organizations (DAOs) are set to be a force to be reckoned with in crypto in 2022. Mark Cuban called them the “ultimate combination of capitalism and progressivism.” Yet, while DAOs are relatively easy to understand conceptually, they’re a segment of the crypto market in a state of rapid flux, with many innovative use cases emerging. However, setting up and running a DAO also comes with its own set of unique challenges, which are also changing and developing over time.

11.02 / 17:45

Blockchain cryptocurrency NFT virtual reality The price of virtual land in the metaverse is skyrocketing but is the market overheating?

Welcome to the age of the digital land rush, where investors, brands and presumably very wealthy individuals have set their sights on owning virtual land in the metaverse.

11.02 / 07:33

Ethereum cryptocurrency NFT Bitcoin fall Cryptocurrency Prices Today: Markets ring in red as Bitcoin, Ethereum fall

The global cryptocurrency market capitalisation dipped 3.30 percent over the last 24 hours to $1.96 trillion while trading volumes were up 46.41 percent to $113.88 billion.

11.02 / 07:29

NFT gala week GALA dances to Snoop Dogg's beats, doubles investor wealth in a week

crypto assets have risen from their ashes to deliver handsome returns to those who kept faith in the digital space. One such example is GALA, a metaverse play, which has more than doubled investors' wealth in just one week. However, the token has remained volatile after doubling investors' wealth. It jumped to $0.3718 on Thursday from $0.1799 a week ago, the data from Coinmarketcap suggest. There are a total 6.98 billion GALA tokens in circulating supply, it added.

11.02 / 05:37

business NFT Metaverse YouTube Threat YouTube sees ‘incredible potential’ in NFT video sales despite backlash threat

YouTube is looking at NFT integrations to provide new methods for creators to engage with fans and develop additional revenue streams.

11.02 / 01:23

NFT Social Media CEO Platform OnlyFans offers NFT profile picture feature

Amrapali "Ami" Gan, OnlyFans' CEO, commented in a statement to Reuters that the online subscription platform known for adult content will enable creators to make nonfungible token, or NFT, profile pictures.

10.02 / 19:17

Adoption NFT interview Marketplace ‘The vision is to create the largest library of world-class IP,’ says Ethernity CEO

Ethernity Chain (ERN) is an authenticated and licensed NFT marketplace in the business of acquiring intellectual property, or IP, from big-name brands in sports, history, music and entertainment. Among these notable figures is Shaquille O'Neal, Lionel Messi and brands like DeLorean and Toys R Us. Cointelegraph spoke to Nick Rose, Ethernity Founder and CEO, about the launch of the company's newest arm, Ethernal Labs, and its goals to become a comprehensive NFT ecosystem studio.

10.02 / 18:57

Blockchain Digital NFT NFTS ChangeNOW Launches NFT Functionality in Its NOW Wallet

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

10.02 / 14:29

Blockchain NFT Wikileaks Supreme Court Bids on WikiLeaks' Assange fundraising NFT surpass $50 million

WikiLeaks founder Julian Assange's legal defence saw bids reach more than $50 million on Wednesday. Assange is battling extradition from Britain to the United States where the authorities want him to face trial on 18 criminal charges including breaking a spying law, after WikiLeaks began to publish thousands of secret classified files and diplomatic cables in 2010. Last month, Assange, who remains in a London prison, was given the chance to challenge approval of his extradition at Britain's highest court. The Supreme Court will now decide whether or not to hear his case.

10.02 / 12:57

Adoption NFT Non-fungible tokens Metaverse McDonald’s Metaverse Moves: 11 Trademark Applications for 'Virtual Restaurant' & Virtual Goods

American fast-food behemoth McDonald’s is the latest major brand to make a move into the metaverse by filing no fewer than twelve trademark applications on February 4, eleven of which make direct references to virtual restaurants, cafes, concerts, and other virtual services, goods, and events.

10.02 / 12:01

Art NFT Non-fungible tokens DAO AssangeDAO Wins the Bid for Pak's Clock NFT for USD 53M

AssangeDAO, a decentralized autonomous organization (DAO) consisting of "cypherpunks" fighting for the liberation of incarcerated WikiLeaks founder Julian Assange, has won the bid for the Clock NFT, which was created by digital artist Pak in collaboration with Assange.

10.02 / 09:13

NFT United Nations UN approves NFT standards initiative led by Tencent

Chinese entertainment conglomerate Tencent has been approved by the United Nations to lead a project exploring the creation of a standard technical and security framework for non-fungible tokens (NFTs) .

10.02 / 06:41

business NFT Crypto Collectibles FarmVille developer Zynga set to release first NFT game this year

San Francisco-based game developer Zynga, best known for the FarmVille and CSR Racing series, has announced plans to release its first blockchain and NFT-based games this year.

10.02 / 03:47

business NFT Metaverse McDonalds files trademarks for McMetaverse restaurants… that deliver

The iconic American restaurant chain McDonald’s looks like it is preparing to make a move into the Metaverse by registering for 10 trademarks in the virtual space.

10.02 / 00:51

NFT Trading Non-fungible tokens NFTWorld: Own A Piece of the World Map

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

10.02 / 00:19

NFT MARKET Investing Non-fungible tokens NFT Prices ‘Relatively Independent’ of Broader Crypto Market

The market for non-fungible tokens (NFTs) – although still in its infancy – appears to be “a relatively independent market” that does not necessarily move with the broader crypto market, according to crypto analysis firm Coin Metrics.

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