Tag: NFT

Arbitrum Beats ETH and Solana With 119% Surge In NFT Sales

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Arbitrum (ARB), the Ethereum Layer 2 scaling solution, has been facing a bearish week after failing to establish a new price floor and falling below the $2 level. Additionally, the unlocking event scheduled for March could negatively impact the token’s price. Despite ARB’s recent drop, the blockchain has seen a greater performance in the non-fungible token (NFT) market, surpassing Ethereum and Solana. Arbitrum: Top Gainer In The Last Day Data from Crypto Slam shows that the daily NFT sales volume in the Arbitrum blockchain recovered in the last 24 hours.…

OpenSea faces backlash after delisting NFT Pass from Fractional Uprising

OpenSea, the leading NFT marketplace, recently removed the Ethereum NFT pass associated with the Fractional Uprising project, citing a violation of its policies against securities and options.  According to reports from Decrypt, the team behind Fractional Uprising disputes the claim, asserting that their NFT does not constitute a security offering. In a recent tweet accompanied by a video clip, Fractional Uprising expressed dissatisfaction with OpenSea’s decision to disable their collection, noting that while their project remains visible on the platform, trading and listing functionalities have been suspended. Three weeks after…

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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