Tag: NFT

Marvel NFT partner Veve closes its marketplace after an in-app token exploit

boss

Veve, a nonfungible token (NFT) marketplace with licensed digital collectibles, faced an exploit on Tuesday, resulting in millions of gems (in-app tokens) being acquired illegally. The platform is quite popular among mainstream brands such as Marvel, Pixar, and Coca-Cola, that have chosen Veve as their official launch partner. In an official tweet published on Wednesday, Veve acknowledged the exploit on its platform and said that the attackers managed to acquire a “large amount” of gems illegitimately. The app-based NFT platform has shut the marketplace along with the gems purchase option…

NFT creator Yuga Labs raises $450M, bringing company valuation to $4B

boss

Yuga Labs, the creators of Bored Ape Yacht Club (BAYC) and new owners of the CryptoPunks and Meebits brands, announced it is now valued at $4 billion after its latest $450 million seed funding round. VC firm Andreessen Horowitz, or a16z, led the company’s first institutional investment, marking one of the largest seed rounds for any nonfungible token (NFT) collection to date. Other investors included Animoca Brands, FTX and MoonPay, as well as LionTree, Sound Ventures and Thrive Capital. The company plans to use the funds to scale its team, attract…

Abu Dhabi rolls out draft recommendations for NFT trading

boss

Abu Dhabi Global Market (ADGM), the emirate’s free zone, published a consultation paper on Monday titled “Proposals for enhancements to capital markets and virtual assets in ADGM.” The document contains draft guidelines that, among other asset classes, cover nonfungible token (NFT) trading. The paper proposes that companies with a license from the free zone’s financial regulator be allowed to facilitate NFT trading. Along with sections dedicated to traditional financial instruments, the document contains a little more than a page on virtual assets and NFTs. In this section, the free zone’s…

Tommy Hilfiger to Showcase Spring 2022 Collections and NFT Wearables at Decentraland’s Metaverse Fashion Week – Metaverse Bitcoin News

boss

On Monday, Tommy Hilfiger has announced the company is joining the inaugural Decentraland Metaverse Fashion Week from March 24th to March 27th, 2022. During the Metaverse Fashion Week, the American fashion design firm said it will showcase its Spring 2022 collections and provide consumers with a “digital retail platform” that features Tommy Hilfiger-crafted NFTs. American Fashion Designer Tommy Hilfiger Is ‘Inspired by the Power of Digital Technology’ At the end of February, Decentraland, the virtual blockchain metaverse, announced the project’s first Metaverse Fashion Week (MFW) would take place this year.…

Nestree Introduces NFT Aggregator Beta Service to Help Improve Usability and Overall Performance – Press release Bitcoin News

boss

press release PRESS RELEASE. Nestree is a blockchain-based community messenger that is incentivized in nature. It is also a messaging platform that specializes in the development and revival of diverse communities by exposing them to blockchain technology and cryptocurrencies. In 2022, Nestree will deploy an NFT Aggregator Service (Beta). Nestree has evolved into a specialist platform for NFTs, a fast developing asset class. Moreover, by connecting with multiple worldwide platforms, the team hopes to increase the utility value of the EGG token. Understanding NFT Aggregators Several NFT markets have recently…

NeoNexus founder pulls the plug on popular Metaverse NFT project

boss

The founder of NeoNexus, a Solana-based NFT project, has stated the team is no longer developing the project, blaming the drop in Solana (SOL) prices for the decision. The project’s founder, Jack Shi, took to the official Twitter account for NeoNexus, tweeting at 2 pm UTC on March 21 that it was no longer continuing the “healthy development” of the project, adding they would like to hand it over for the community to develop. It is with a heavy heart that we must inform you that we can no longer…

This NFT Marketplace Is Breaking Barriers

boss

NFTs seems to be an unstoppable force. The latest in the blockchain world, NFTs have grown from being traded at $100 million in 2020 to $23 billion in 2021. The 230x increase has got crypto investors searching high and low for quality NFT projects to support. Non-Fungible Tokens, or NFTs, are a way for the average consumer to authentically claim ownership rights over a digital asset. These assets can range from samples of an upcoming song by an artist, a piece of art, a tweet, or even the origins of…

Nesting Dolls NFT Project Releases Droves of Unique Art Assets

boss

The Nesting Dolls NFT project has announced the launch of its unique collection of digital art objects in International nesting dolls style created in collaboration with numerous artists from around the world. The aim of the project is to attract attention to environmental problems through the adoption of digital technologies. The Nesting Dolls project has released its collection of digital NFT Nesting Dolls, each depicting a mother carrying on her family’s legacy through a child in her womb. The Nesting Dolls are made of wood and represent one of the…