Tag: NFT

Ticketmaster selects Flow blockchain for minting NFT event tickets

According to Flow, a digital engagement layer-1 blockchain created by Dapper Labs, Live Nation’s subsidiary Ticketmaster has unveiled nonfungible tokens (NFTs) tickets for event organizers minted on its blockchain. The primary purpose of the NFT tickets will be for commemorative value. But aside from being used as mementos, they can also be used as proof of attendance at notable concerts.  However, such virtual commemorative tickets are not valid for entry. One still needs to show a purchased ticket with a bar code from Ticketmaster or Live Nation for entry. As told…

Get ready for the feds to start indicting NFT wash traders

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Studies show that most people who attempt to wash trade nonfungible tokens (NFTs) are unprofitable. But that doesn’t stop them from trying, which makes it a glaring regulatory and enforcement issue for the industry.  In wash trading, manipulators buy and sell an asset between themselves to create the appearance that the asset is in higher demand and, therefore, worth more than it would be otherwise. With NFTs, wash trading is fairly straightforward: Imagine an investor holds $1 million in Ether (ETH). The investor mints an NFT and proceeds to sell…

A UK NFT Range Must Come With Perks To Succeed, Experts Say

An NFT is a unique digital token on a blockchain that may be tied to a physical asset such as art. To succeed, however, a government-issued NFT would need to encompass both utility and community, according to industry experts, who said the NFTs could give holders access to events or even a moment with the queen. Original Source ExpertsNFTPerksRangeSucceed CryptoX Portal

The Biggest NFT Crypto MMORPG in 2022 The Legends of Bezogia Launches Globally – Sponsored Bitcoin News

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sponsored Dubai, Tuesday, August 30th – Zogi Labs Ltd. officially releases The Legends of Bezogia Beta to global audiences seeking to experience an NFT crypto-based MMORPG like never seen before. The Legends of Bezogia takes the crypto gaming industry to new heights with next-level graphics, a rich and deep backstory, countless quirky characters & villains and a massive open world. Players can rent, own & sell their own NFT Bezogi characters and kit them out with NFT weapons that add unique flavor to the gameplay never seen before in an…

Moonbirds will store NFT art ‘in chain’ — Raises $50M in Series A funding

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PROOF, the private community behind the Moonbirds NFT collection, has announced it is shifting its blue-chip collection completely “in chain” — allowing images to be fully contained within the underlying smart contract.  In a community live stream named “Future PROOF” on Aug. 30, Harri Thomas, director of products at PROOF explained that the new approach will mean that in the future, the viewable image of a Moonbird NFT will be “constructed from the contract itself from art layers, which are going to be stored on the blockchain.” “We’ve talked about…

NFT Collective PROOF Raises $50M in Funding Round Led by a16z

During today’s event, the company released new details about PROOF’s third NFT collection: Moonbirds Mythics, a 20,000 PFP (profile pic) collection slated to launch in early 2023.  Moonbirds DAO, a decentralized autonomous organization (DAO) will oversee licensing of the company’s Moonbirds NFT brand, granting trademark rights and distributing funding to upcoming NFT projects. Source

OpenSea Turns Into NFT Ghost-Town After Volume Downs 99% In 3 Months

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A continuing debt issue at lending platform BendDAO raises the prospect of the NFT bubble imploding. As concerns about a potential market bubble mount, daily volumes on OpenSea, the world’s most significant nonfungible token (NFT) marketplace, have dropped significantly. OpenSea Volume Plummets to Yearly Lows Notably, the marketplace executed about $5 million in NFT transactions on August 28 — roughly 99% less than its record high of $405.75 million on May 1. The precipitous decreases in daily quantities coincided with equally sharp drops in OpenSea users and transactions, implying that…

Meta Reveals Cross-Posting NFT Compatibility Between Facebook and Instagram – Blockchain Bitcoin News

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Meta, the corporate entity behind the social media platforms Instagram and Facebook, has revealed that non-fungible token (NFT) support now offers cross-posting compatibility between the two major social media platforms. The digital collectible-sharing ability follows Meta rolling out NFT and Web3 wallet support to 100 countries during the first week of August. Meta’s NFT Rollout Continues as Social Media Giant Introduces the ‘Ability to Post Digital Collectibles’ Meta Platforms, Inc. (Nasdaq: META), announced on August 29, 2022, that the firm is “introducing the ability to post digital collectibles” across Instagram…