Tag: NFT

Solana To Support DeFi, NFT, And GameFi In South Korea With A $100M Fund

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Solana (SOL) has created a $100Million fund to support cryptocurrency projects in the country. The main sectors to benefit from the fund are DeFi, gaming, and Non-fungible tokens (NFTs). Also, the fund is to support some projects built on the Terra network after the terrible crash. The Terra Network crash caused a lot of pain in the crypto community. One of its results was that the South Korean government suddenly set up measures to examine crypto exchanges. According to a report, up to 280,000 crypto investors in South Korea lost…

dotmoovs’ MOOV.CLUB Launches NFT Sneakers for Tik-Tok Dance Battles – Blockchain News, Opinion, TV and Jobs

Move2earn app dotmoovs, an AI-powered app that rewards its users interacting and getting active, has launched an NFT sneaker collection that rewards Tik-Tokers, hip-hoppers, movers, and shakers. 4,444 SNKRS have been released as NFTs under the MOOV.CLUB brand, powered by dotmooovs’ social-fi and metaverse technology. Move2earn is the fastest growing crypto vertical and dotmoovs taps directly into it, enabling SNKR wearers to participate in epic Tik-Tok dance-offs and earn crypto prizes for their fancy footwork. Armed with the dotmoovs app, participants simply require their smartphone camera and a SNKR NFT…

NFT holders can earn millions through IP rights, says Apocalyptic Apes founder

While the most common way to earn money in the nonfungible token (NFT) space is by flipping the tokens for profit, there are other opportunities to earn money with NFTs as the market continues to develop.  In a Cryptox interview, Bill Starkov, the founder of Apocalyptic Apes and a Bored Ape Yacht Club (BAYC) member, talked about how NFT holders can license the intellectual property (IP) rights of the tokens. Citing BAYC as an example, Starkov noted that “holders can generate thousands of dollars by licensing out their apes for…

Mastercard to allow 2.9B cardholders to make direct NFT purchases

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International payment processing giant Mastercard is expanding its payment network for nonfungible token (NFT) markets and Web3. The financial service provider announced that it has been working on expanding their payment networks to NFTs over the past year. The firm has partnered with a number of leading NFT marketplaces to allow 2.9 billion cardholders to directly make NFT purchases without buying crypto first. Currently, users need to buy crypto to bid on and buy NFTs. However, with the latest Mastercard partnership, billions of cardholders can now bypass the process of…

Mattel inks multi-year deal with Cryptoys NFT marketplace

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Major toy brand Mattel has signed a multi-year partnership with forthcoming toy-focused non-fungible token (NFT) marketplace Cryptoys to exclusively feature its brands on the platform. Cryptoys is expected to launch in late summer 2022 on the Flow (FLOW) blockchain and is the flagship product of OnChain Studios which has received funding from crypto-interested venture capital firms such as Andreessen Horowitz (a16z) and Dapper Labs. OnChain Studios also plans to make a Cryptoys metaverse and other play-to-earn games where Mattel’s intellectual property — including Barbie, Hot Wheels, and Masters of the…

EverRise Releases EverRevoke, Platform for Revoking Token and NFT Approvals – Press release Bitcoin News

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press release PRESS RELEASE. EverRise, a leading web3 security and infrastructure platform, has released EverRevoke. The newest addition to the EverRise Ecosystem is a utility to review and revoke token and NFT approvals from a single place across multiple blockchains. EverRevoke supports five blockchains: Ethereum, BNB Chain, Polygon, Avalanche, and Fantom. Token approvals are an often overlooked vulnerability in decentralized finance. EverRise developed EverRevoke not only to provide a solution to revoking active permissions but also to bring awareness to the potential problem. With DeFi and web3 gaining more adoption,…

Alibaba Cloud launches NFT solution… then quickly memory holes it

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The cloud business unit of Chinese marketplace giant Alibaba Group Holdings launched a new NFT solution and then promptly deleted all mention of it online. According to a now-deleted Twitter post announcing the launch on June 8, the firm’s NFT marketplace solution included “web hosting, digital marketing & content delivery” infrastructure, but is no longer listed on its website despite. There are also no press releases or announcements related to the NFT solution on Alibaba’s website anymore, and while the solution’s webpage link still shows up in Google search results,…

Goblintown, the Latest NFT That Has Taken Over NFT Marketplaces

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The Goblintown NFT project is an NFT collection that was launched on May 22. After its launch, many have wondered who is behind the project and its rapid rise to stardom in the crypto world. With its floor price at 5.75 ETH at the time of writing, speculations have been on why the NFT keeps increasing when the prices of blue-chip NFTs are struggling.  According to data from Cryptoslam, Goblintown is one of the most traded NFTs in the past 30 days, with a trading volume of over $45 million since its…

Anonymous hacker served with restraining order via NFT

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Law firms Holland & Knight and Bluestone have served a defendant in a hacking case with a temporary restraining order through a nonfungible token, marking the first known legal process to be facilitated by an NFT. The so-called “service token” or “service NFT” was served to an unnamed defendant in a hacking case involving LCX, a Liechtenstein-based cryptocurrency exchange that was hacked in January for almost $8 million. As Cointelegraph reported at the time, the attack compromised the platform’s hot wallets, resulting in the loss of Ether (ETH), USD Coin…

Despite what you heard, NFT market is far from dead: DappRadar

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The market for nonfungible tokens, or NFTs, has slowed from its peak, but that doesn’t mean the industry is dead — far from it, actually.  NFT sales volumes came in at a healthy $3.7 billion in May, according to DappRadar’s latest Industry Report, which was released on Wednesday. While volumes were down 20% compared with April, industry activity remains robust considering that crypto assets as a whole are in a bear market. DappRadar also highlighted the fact that marketplace volumes aren’t down nearly as much when measured in their native…