Tag: NFT

Rakuten launches NFT marketplace to capitalize on growing adoption in Japan

Major Japanese e-commerce firm Rakuten has announced the launch of its own nonfungible token (NFT) trading platform dubbed Rakuten NFT. The firm initially revealed its plans to launch a proprietary NFT marketplace in 2021 amid the growing popularity of non-fungible tokens worldwide. According to Rakuten, the NFT marketplace also hosts a platform that allows IP owners to create their own websites for issuing and selling NFTs. Cointelegraph contacted the Rakuten team for further information on the development, and this story will be updated as more details become available. With a…

Sotheby’s Cancels Cryptopunks NFT Auction After Consignor ‘Decided to Hodl’ Collectibles – Bitcoin News

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On February 8, the multinational luxury auction company Sotheby’s announced the firm would be auctioning 104 Cryptopunk non-fungible token (NFT) collectibles, but before the event started Sotheby’s canceled the event. It seems “0x650d,” the owner of the Cryptopunks NFTs, decided to keep the assets that were estimated to fetch around $20 to $30 million at auction. Cryptopunks Owner Decides to Keep 104 NFTs, Sotheby’s Forced to Cancel ‘Punk It’ Auction The luxury auction house had to cancel an NFT auction dubbed “Punk It” on Wednesday after the consignor decided to…

BitsCrunch raises $3.6M in funding for NFT analytics tools

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Crypto and nonfungible token (NFT) ecosystem analytics firm BitsCrunch has secured $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others. BitsCrunch uses AI-based analytical tools to determine the fair price of NFTs, identify wash trading warnings, and determine whether an NFT is a copy or forgery of the genuine asset. The company is based in Germany and India. The firm believes that investors in the continually growing space need better access to data that will protect them from fakes and getting fooled by…

NFT projects thrive even as OpenSea trading volumes take a hit

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Despite a number of attempted vampire attacks, nonfungible tokens (NFTs) continue to have a strong run on OpenSea, with the number of unique users and transactions increasing. However, the NFT market’s overall volume is falling behind last month’s figure of nearly $3 billion.  While there are NFT projects readying to hit the secondary market, it seems the sector, as a whole, is navigating the next move regarding utility and the integration of NFTs in the metaverse. Adding to this, global political uncertainties are also having a noticeable impact on market environments.…

Monster Energy files NFT and metaverse trademark applications

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According to recent filings with the United States Patent and Trademark Office (USPTO), Monster Energy has four pending trademark applications related to the nonfungible tokens (NFTs) and metaverse realms.  The first trademark application consists of downloadable virtual goods comprised of, but not limited to, beverages, food, supplements, sports, gaming, music, and apparel. According to the filing, such downloadable multimedia assets will be “authenticated by NFTs.” Also included in the application are computer programs facilitating blockchain data interactions.  The second filing consists of retail store and online retail store services authenticated…

Leading Blockchain XDC Network Signs Partnership With D.C. United for NFT Marketplace

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D.C. United of the Major League Soccer (MLS) has signed a three-year jersey sponsorship arrangement with blockchain technology developer XDC Network as recently announced by the MLS giant. For the first time in the history of Major League Soccer, D.C. United supporters will have access and experiences never previously been available in the sport (MLS). As of the start of the 2022 MLS season, XDC Network will appear on the front of both home and away kits, as well as training tops. NEWS: D.C. United Announce First-of-its-Kind Partnership with Leading…

TreasureDAO engineer alleged to have past involvement in questionable NFT projects

On Wednesday, decentralized finance (DeFi) detective Zachxbt published a long thread on Twitter about TreasureDAO’s front-end engineer Just Cheese, or JC, and his alleged past involvement in several nonfungible token (NFT) projects. According to its white paper, TreasureDAO is a “decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects.” Listed projects use the ecosystem’s native token, MAGIC, for transactions, with TreasureDAO governing the emission of MAGIC.  As told by Zachxbt, the story began when JC shared his wallet address in the TreasureDAO Discord last November. The DeFi…