Tag: NFT

Leaked Images Suggest Opensea Plans to Add Solana-Based NFT Support – Bitcoin News

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Leaked images that allegedly derive from the leading non-fungible token (NFT) marketplace Opensea indicate that the platform may soon introduce Solana-based NFTs. The images were discovered by the tech blogger Jane Manchun Wong who is well known for leaking information about yet-to-launch features from specific tech platforms. Tech Blogger With History of Discovering Yet-to-Launch Features Says Opensea Plans to Add Solana Blockchain Support Leading NFT marketplace Opensea is a popular platform that supports both the Ethereum and Polygon blockchain networks. Opensea has recorded roughly $22.73 billion in NFT sales since…

Marketplace exploit on Smol Brains, NFT for trees, and Metaverse movies

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Reports emerged on Mar. 3 of an exploit discovered on the TreasureDAO Marketplace NFT trading platform that allows a user to buy items at zero cost no matter the listing price or floor price of the collection. Security specialist for Metamask and MyCrypo harry.eth tweeted on Mar. 3 around 1 am UTC, confirming that there is a flaw in the code on Marketplace which allows a user to purchase nonfungible tokens (NFTs) for 0 MAGIC. At least 28 Smol Brains and Smol Brains Land NFTs appear to have been taken…

Monthly NFT buyers dip below 800K as searches ‘fall off a cliff’

The unique number of NFT buyers in February dipped below 800,000 for the first time since October, and search volume for nonfungibles also dropped significantly. According to data from CryptoSlam, there were 796,009 NFT buyers on secondary markets in Feb. (down 12% compared to Jan.) that accounted for roughly $2.6 billion worth of sales (down 40% on the month before). A caveat to that however, is that January was a massive month for NFTs which may suggest the decreases in February are simply part of a relatively healthy pullback. January…

Bob Dylan goes meta as Sony and Universal partner with Snowcrash NFT platform

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Solana-based NFT marketplace Snowcrash has announced that Sony Music and Universal Music Group — the two largest music labels in the world — have officially partnered with the upcoming platform. The two music labels will release Bob Dylan and Miles Davis NFT collections later this year, ahead of wider integration with their rosters of artists. Jesse Dylan, who probably not coincidentally is Bob Dylan’s son, is the co-founder of the Snowcrash marketplace, which draws its namesake from Neal Stephenson’s 1992 sci-fi novel that also invented the term Metaverse. Bob Dylan…

SEC investigating NFT market over potential securities violations: Reports

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The U.S. Securities and Exchange Commission (SEC), led by crypto-skeptical Chairman Gary Gensler, is reportedly investigating NFT creators and marketplaces for securities violations, according to a report from Bloomberg.  Anonymous sources in the report claim that the SEC is investigating whether: “certain nonfungible tokens… are being utilized to raise money like traditional securities.” Throughout the last few months, attorneys from the SEC’s enforcement unit have reportedly sent subpoenas demanding information on specific NFTs and other token offerings. While crypto lending products have been the subject of great regulatory scrutiny over…

AMC Entertainment CEO briefs community on crypto, NFT project updates in latest earnings call

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During its Q4 2021 earnings call late Tuesday, Adam Aron, CEO of iconic theatre-chain AMC Entertainment, briefed the community on the company’s latest crypto adoption efforts. As told by Aron, AMC will start accepting Dogecoin (DOGE) and Shiba Inu (SHIB) “in a couple of weeks.” AMC began accepting online payments for movie tickets via major cryptocurrencies last year. The company said it is also still exploring options to issue its own coin, an idea that has been in the making for quite some time as it monitors the current cryptocurrency…

Snoop Dogg’s NFT Mixtape Invites Remixes. Does It Authorize Them?

The first new song, “High,” exists as part of a non-fungible token collection called “Dogg on it: Death Row Mixtape Vol. 1” – four distinct audio files, each attached to an image of an NFT from the Bored Ape Yacht Club. The first contains the vocal track for “High,” sans instrumental track, in an edition of 420 tokens; the second is just the instrumental, in an edition of 500; the third is the instrumental and hook without the verses, in an edition of 250; and the fourth, with 500 editions,…