“Devin [Finzer], Alex and the entire OpenSea team have shown incredible tenacity and grit over the past four years in taking their original idea for an NFT exchange to where it is today,” Hollander said in a statement. “I’m excited to focus on scaling OpenSea’s tech to meet the reliability, performance, and uptime benchmarks its users expect and deserve.” Source
New trademark documents indicate retail giant Walmart is interested in joining the world of non-fungible tokens (NFTs) and crypto. According to the U.S. Patent and Trademark Office (USPTO), the retail corporation has submitted a United States trademark application for an NFT marketplace that provides a platform for “buyers and sellers of downloadable digital goods authenticated by non-fungible tokens.” In a separate application, Walmart filed for a virtual currency trademark relating to “financial transaction services involving cryptocurrency non-fungible tokens and blockchain technology.” A third application involves software associated with cryptocurrencies that “allows users…
If you Google “NFT scams,” the results will likely lead you down a rabbit hole filled with, in some cases, actual cartoon rabbits. Non-fungible tokens (NFTs) have exploded into a multibillion-dollar sector of the crypto industry in the last 12 months alone. Top collector’s items, such as rare pieces from the Cool Cats and Bored Ape Yacht Club collections, trade for upwards of $30,000 or more. If five- and six-figure price tags seem like a lot for a JPEG, NFT creators have a one-word answer for you: utility. Because NFTs…
“We believe the metaverse will be open, censorship-resistant and globally accessible,” Sergey Vasylchuk, director of the Metaplex Foundation, said in a press release. “In this metaverse, Metaplex will serve as a common protocol and NFT standard to empower the next wave of decentralized commerce, social and gaming experiences.” Source
Mercedes-Benz project picked five artists from the NFT industry to interpret the G-Class in their own style. Mercedes has teamed up with Art2People to create an exclusive Mercedes-Benz NFT collection based on its G-Class vehicle line, according to a tweet by the luxury automobile manufacturer. Five artists were commissioned to create various G-Class-inspired works in a range of media, resulting in unique designs for each artwork. What happens when five #NFT artists take on the challenge of reinterpreting the iconic #GClass? The NF-G Challenge by @art2people_xyz@antonitudisco @baugasm @klarens_malluta @StudioCTaylor X…
South Korean crypto exchange Bithumb is developing an NFT marketplace with “a large company” thought to be LG CNS, a subsidiary of LG Corporation. Bithumb CEO Heo Baek-young confirmed in a Jan. 13 interview that the exchange was currently developing a nonfungible token (NFT) exchange which would help it stay competitive with Korbit and Upbit, two other domestic Korean exchanges. Heo said: “An NFT marketplace will be important in promoting blockchain-based content, which will become a driving force in the future.” There is no confirmation yet on the identity of…
I do not know who needs to hear this, but owning an NFT is not the same as owning a project’s copyright or intellectual property. This is the first point I’d like to make. An NFT, or non-fungible token, is a type of digital asset that lives on a blockchain. It has a monetary value and is useful to authenticate and track the provenance of another piece of digital media. That can be JPEGs but also music files, or really anything else that can be saved to a hard drive.…
Built with an emphasis on simplicity and ease of use, Polygon (previously Matic) is designed to let organizations and businesses create and deploy their own decentralized applications (dApps). The platform serves as a layer-2 scaling solution that addresses the scalability and rising gas costs of Ethereum and other EMV-compatible networks. Additionally, it also works as a fully-functional chain on its own, thereby cementing itself as a preferred choice for a diverse range of blockchain-based projects. The Polygon development team is also tapping into the NFT and blockchain gaming ecosystems to…
According to a recent report, the American multinational retail corporation that operates a chain of department stores, Walmart Inc., is seemingly prepping to enter the industry of non-fungible token (NFT) technology and metaverse concepts. Walmart USPTO Trademark Filings Are Littered With Descriptions of NFTs, Blockchain Tech, Digital Collectibles, Metaverse, and Virtual Department Store Games On January 16, CNBC contributor Lauren Thomas published a report that says “Walmart is quietly preparing to enter the metaverse.” That’s according to seven filings stemming from the U.S. Patent and Trademark Office (USPTO). The trademark…
Burnt Finance, a protocol built on Solana, has raised $8 million in a funding round led by Animoca Brands. It also launched its non-fungible token (NFT) platform. The capital will go toward adding staff and exploring partnerships with artists and other Solana-based projects. Burnt Finance, known for burning a piece of artwork from street artist Banksy before selling a digitized version as an NFT, also said it has launched its NFT marketplace, which will feature auctions and allows users to mint and sell digital assets. Other investors in the round…