Tag: NFT

South Korea to discuss NFT classification, Bitcoin ETFs with Gary Gensler

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Head of South Korea’s Financial Supervisory Service, Governor Lee Bok-hyun, is scheduled to discuss key regulatory issues with U.S. SEC Chairman Gary Gensler in May. The agenda includes potentially classifying non-fungible tokens (NFTs) as virtual assets and approving spot bitcoin exchange-traded funds (ETFs) in South Korea. Unlike cryptocurrencies, South Korea does not recognize NFTs as virtual assets due to their perceived minimal impact on financial markets. South Korea’s stance may change as speculative activities around NFTs increase, aligning with the rising value of major cryptocurrencies. The reclassification of NFTs as…

SBINFT’s Jangdeok Ko Links the Surge in NFT Piracy to the Ease of Token Minting

Since Japan designated Web3 as a “national strategy,” an increasing number of traditional companies in the country have either merged or are contemplating integrating their businesses with Web3, Jangdeok Ko, the CEO of the non-fungible token (NFT) marketplace SBINFT, has said. Ko conceded however that many of these companies are still in the “trial-and-error stage,” […] Source CryptoX Portal

Pantera Capital-backed NFT lending startup Arcade to airdrop 3m ARCD tokens

Lending platform for digital collectibles Arcade will airdrop 3% of the total supply of ARCD tokens to holders of select NFT collections. In a Medium blog, Arcade unveiled its “Clash of Clans” airdrop initiative, aiming to distribute ARCD tokens among 4,000 wallets, each eligible to claim 750 ARCD tokens. On Feb. 19 at 8:00pm UTC, the team will take a snapshot, with token distribution divided into two phases: whitelist and public claim. Security Reminder. Beware of impersonator accounts & DO NOT click on links that appear to be from @Arcade_xyz…

Bitcoin Ordinals Project Taproot Wizards Delays Inaugural NFT Sale for 3rd Time

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CoinDesk Brings Back ‘Microcosms’ NFT Consensus Ticket

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Global NFT market sees a 22% dip in sales, yet Trump NFTs continue to soar

The global market for NFTs has witnessed a downward trend in trading volumes, marking a consistent decline for the third week of January. According to the latest figures from CryptoSlam.io, a prominent on-chain data aggregator, the trading sales volume in the NFT sector has fallen to $223 million over the last week. This represents a significant 22.5% drop compared to the previous week’s figures. Contrastingly, the NFT market has observed an uptick in the number of active participants. Recent data shows that over 734,000 collectors engaged in NFT purchases across…