Tag: NFT

Fidelity plans NFT marketplace and financial services in the Metaverse

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$4.2 trillion asset management firm Fidelity Investments has filed trademark applications in the United States for a host of Web3 products and services, including a non-fungible token (NFT) marketplace and financial investment and crypto trading services in the metaverse. This is according to three trademark filings submitted to the United States Patent Trademark Office (USPTO) on Dec. 21, of which was also highlighted by licensed trademark attorney Mike Kondoudis in a Dec. 27 tweet. #Fidelity has plans for the metaverse! The company has filed 3 trademark applications covering▶️ NFTs +…

2 NFT Projects Plan to Transition From Solana to Alternative Blockchains – Bitcoin News

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Two prominent Solana projects have announced they are transitioning over to new blockchains. The non-fungible token (NFT) venture Degods detailed it will be moving to the Ethereum chain and the Y00ts NFT team detailed it is moving to Polygon. Both teams said the transitions will take place in 2023. Degods Says NFT Project Will Move to Ethereum, Y00ts Details NFT Venture Is Transitioning to Polygon The crypto community has been discussing two crypto projects that have said the teams plan to transition their ventures from the Solana blockchain network to…

Monthly NFT Sales Are 80% Lower Than Last Year, Digital Collectibles Interest Plummeted in 2022 – Bitcoin News

Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in NFT sales compared to the $2.77 billion in NFT sales sold in Dec. 2021. The NFT Industry Takes a Hit in 2022 — Sales and Google Searches Down Significantly 2022 hasn’t been kind to non-fungible token (NFT) holders, and statistics show that interest in the subject has dropped a…

Italy to create the crypto art Renaissance: NFT market report

Italy is one of the cultural hubs of Europe, with centuries of history, art and culture. Now, it is also posed to create the crypto art Renaissance via its nonfungible token (NFT) market, says a new report. Data from Research and Market’s “Italy NFT Market Intelligence and Future Growth Dynamics Databook” says the country is projected to have a growth of 47.6% in its NFT market by the end of 2022. This would make the Italian NFT market hover around a $671 million valuation. Moreover, over the next five years,…

Square Enix invests into NFT gaming firm, Beeple speaks on NFT art future and more…

NFT-friendly Japanese gaming giant Square Enix has invested 7 billion yen ($52.7 million) into game developer Gumi to create “high-quality” mobile games, blockchain games and a Metaverse initiative, among other things. Gumi mobile games: Gumi According to a translation of the press release, the partnership will help Gumi tap certain intellectual property from Square Enix, while it has also teased that the duo could be teaming up for a game-NFT-focused marketplace. “We are already considering the establishment of a platform dedicated to blockchain games and an NFT marketplace, etc. Through collaboration…

What is an NFT whitelist, and how can you join one?

Crypto-based scams are constantly sweeping the nonfungible token (NFT) space; therefore, staying updated is the most significant way to prevent both new and existing NFT scams. Other than fraud, intense rivalry for newly minted NFTs may cause prices to rise and transaction fees to skyrocket, making them unaffordable for early supporters.  Nonetheless, these issues have been solved by NFT providers by establishing whitelists or allowlists, giving special privileges and access to a newly minted nonfungible token. Before public minting begins, nonfungible token projects employ allowlists to restrict who can mint…

Locker Token and Euro Ice Hockey Champs Rögle BK To Host In-Person NFT Event – Press release Bitcoin News

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press release PRESS RELEASE. Locker Token & Ice Hockey extraordinaires Rögle BK have officially announced an In-Real-Life (IRL) NFT, event set to take place at the Catena Arena – the home of the European champions. The event is designed to showcase the innovative asset class that is NFTs, while also educating Rögle fans on how to utilize the blockchain and purchase their favourite player trading cards. The event, due to take place on December 30th, will feature educational content, a free mint for the first 500 fans, and in-person interaction…

Over $30B of NFT Trading Volume on Ethereum is Wash Trading, Research Suggests

To understand how prevalent the practice has become since the NFT markets emerged, when all of the filters were applied, over $30 billion of NFT trading volume from all time could be linked to wash trading. This number is staggering, though it only represents about 1.5% of all trades that have taken place on Ethereum. If that seems confusing, don’t worry: What it shows is that the majority of trades are legitimate, but happen at a generally lower price than the wash trades, which makes sense, when the point of…

New NFT private auction scam threatens OpenSea users

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As nonfungible tokens (NFTs) became more popular, bad actors who constantly try to exploit users within the space have become more active. Now, a new hack involving a feature on the NFT marketplace OpenSea threatens NFT holders through phishing sites.  In an announcement, anti-theft project Harpie warned NFT users of a new hack involving gasless sales on the OpenSea platform. According to Harpie, hackers were able to steal millions in digital assets by exploiting the feature. When users want to conduct gasless sales within the OpenSea platform, they are required…