Tag: NFT

The worst influencer and celebrity NFT cash grabs of 2022

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Mainstream hype for the nonfungible token (NFT) market cooled down significantly in 2022, but that didn’t stop a host of popular and wealthy figures from stinking up the space with dreadful collections last year. In the 2022 edition of the worst influencer and celebrity NFT cash grabs, Cointelegraph takes a look at four projects seemingly designed to milk capital out of their fans pockets, while delivering very little. Tai Lopez — OG (Original Garage) Social Club First on the list is the oddball entrepreneur Tai Lopez, best known for his…

Understanding the Development of DAO-Enabled NFT Platforms

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Everyone is interested in investing because the market for non-fungible tokens has strengthened. People make millions of dollars by investing in decentralized app development and launching their own DAO-based NFT platform. Customers use NFT to purchase real estate and homes, and businesses sell virtual clothing and accessories. NFTs have been able to expand the industrial sectors through tokenizing digital assets. Millions of NFTs are created, minted, purchased, and sold daily. By 2025, the NFT industry will generate over $80 billion. Blockchain technology has come a long way since its inception.…

Decentraland (MANA) Sheds 90% In 2022 Despite Solid NFT Volume Performance

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Decentraland (MANA), the cryptocurrency launched in 2020 by Ariel Meilich and Esteban Ordano, failed to take advantage of some of the positive developments that happened within its ecosystem this year as it closes 2022 in a “beaten” state. Over the last 12 months, the digital coin has shed 91% of its value, failing to recover from the massive price dumps it experienced triggered by the a series of unfortunate events that plagued the crypto space and the growing uncertainty in the market. According to latest tracking from Coingecko, at the…

NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week – Markets and Prices Bitcoin News

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Non-fungible token (NFT) sales over the last seven days are ending the year 13.97% lower than the week prior. During the last week, statistics show that $147,054,554 in NFT sales were recorded across 334,668 NFT buyers. NFT Sales Continue to Slip: 13.97% Decrease in Last Seven Days NFT sales are down this week, 13.97% lower than last week according to cryptoslam.io metrics. 2022 hasn’t been a good year for NFTs as sales and NFT values have slid dramatically over the last 12 months. Out of the $147.05 million in NFT…

Financial Giant Fidelity Files Trademarks for Crypto, NFT, and Metaverse Products – Featured Bitcoin News

Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. Fidelity’s Crypto and Metaverse Trademark Applications Fidelity Investments filed three trademark applications with the United States Patent and Trademark Office (USPTO) last week for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. Fidelity has $9.6 trillion in assets under administration as of Sept. 30; the financial services firm serves about 40 million…

Manchester United and Tezos Foundation Accused of NFT Copyright Infringement

The $3.77 billion valued football club has been expanding its revenue collection avenues since the onset of the coronavirus, which significantly slashed the company’s profits. After debuting its NFT collectibles earlier this month, popular football club Manchester United Ltd Cl A (NYSE: MANU)  and its official blockchain provider Tezos Foundation have been accused of copying monsters’ NFT traits belonging to Lucrece. The 7,777 digital collectibles announced by Manchester United are said to share most of their unique traits with Lucrece’s monster artwork. In response to this, Lucrece announced that he…