Tag: NFT

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…

New Amazon series explores NFT culture: Nifty Newsletter, Dec. 14–20

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NFTs and soulbound tokens define Web3 filmmaking, says director With Web3 making its way to various industries like filmmaking, one movie director believes that tools like NFTs and soulbound tokens — digital identity tokens representing a person or entity — can serve cinema in various ways. In an interview with Cointelegraph, Stephen Fung, director of the Web3 film project Departed Apes, shared his perspective on integrating Web3 tools into cinema. According to Fung, there are many potential intersections between Web3 and film, such as fan engagement in movies shown in…

Sandbox, My Neighbour Alice, And Cryptoons Are Three Top NFT Coins To Add To Your Portfolio

Place/Date: – December 20th, 2022 at 5:04 pm UTC · 4 min read Source: Cryptoons You’ve heard about investing in NFT coins but don’t know where to start. This article will reveal three top NFT coins that are worth a buy. These include Sandbox ($SAND), My Neighbour Alice ($ALICE), and a manga-based project, Cryptoons ($CTOON). Sandbox (SAND): Using NFTs To Further Crypto Sandbox is a decentralized virtual reality game built on the Ethereum blockchain. Sandbox is a platform that enables the use of non-fungible tokens (NFTs) in an interactive and…

Wafini, A Cardano Based DAO Powered NFT Marketplace Launches Fully Functional Demo

Place/Date: – December 19th, 2022 at 4:06 pm UTC · 2 min read Source: Wafini Wafini team has announced the release of the demo of the first DAO Powered NFT Marketplace on Cardano. View Demo Here. Join Wafini Seed Sale here. According to he team, the Wafini NFT Marketplace Demo would lay necessary foundation for all future releases, though this may not be the final outlook of the Wafini NFT Marketplace as there could be further enhancements to the design before Beta launch on Cardano Mainnet by Q1 2023. Wafini…