Tag: NFT

ParaSpace to continue NFT lending as it rebrands to Parallel Finance

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Despite rebranding to Parallel Finance for a greater focus on the decentralized finance (DeFi) ecosystem, the nonfungible token (NFT) lending protocol ParaSpace will continue to focus on its core product amid sector woes. In a conversation with Cointelegraph, Yubo Ruan, founder and CEO of ParaSpace (now Parallel Finance), explains that the protocol uses a combination of diversified liquidity pools, dynamic loan-to-value ratios and price-discovery partnerships to mitigate the risks associated with high volatility, which can often result in a lack of bidders on the underlying asset. “Despite the market downturn,…

Pudgy Penguins CEO Luca Netz Led Company to Success, While the NFT Market Crashed

Toys being linked to a digital experience may not be a novel concept (see Webkinz from the 2010s). But Pudgy Toys gives owners real IP for their money. We”took 16 holders of Pudgy Penguin NFTs, 16 licensing arrangements, and made 16 toys. Every time one of those toys sells, they get the license in perpetuity,” Schnetzler said. “IPs have been built around brand and consumption, we want to change that to brand and participants.” Source

Axie Infinity unveils NFT monetization solution, merchandise

Axie Infinity (AXS), the widely-played blockchain game and metaverse project, has unveiled a novel initiative, allowing its non-fungible token (NFT) owners the commercial rights to produce and sell authorized merchandise. This announcement coincides with Sky Mavis, the game’s developer, launching a dedicated merch store for the Axie Infinity intellectual property. According to Sky Mavis, owners of specific Axie NFTs will now have the opportunity to create and sell their products, marking a significant step into user-generated content (UGC) and commercialization. A select group of 4,877 Axie NFT holders, possessing Mystic…

NFT Marketplace Altcoin Blur Leaps After Listing on Top Crypto Exchange by Trading Volume Binance

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A non-fungible token (NFT) marketplace is surging after being listed by the largest crypto exchange platform by volume in the world. In a new announcement, crypto exchange Binance says it is listing BLUR, the governance token of Altcoin Blur, a decentralized NFT marketplace that offers real-time price streams and comparisons. According to Binance, BLUR will at first be available in the BLUR/BTC, BLUR/USDT and BLUR/TRY trading pairs. The announcement caused BLUR’s price to skyrocket, as the digital asset went from a seven-day low of $0.303 on November 20th to a…

User claims $11M in Blur token rewards at NFT marketplace’s season 2 airdrop

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A pseudonymous nonfungible token (NFT) trader made around $11 million in the recent airdrop reward distribution conducted by the NFT marketplace Blur.  Dune analytics data showed that a wallet with the Ethereum Name Service (ENS) tag called “hanwe.eth” claimed a total of 22,851,000 Blur (BLUR) tokens in the season 2 airdrop of Blur. At the time of writing, coin price tracker CoinGecko showed that the amount is worth around $11.2 million. It’s time to BLAST OFF. I just received 22851000 $BLUR from @BLUR_io‘s Season 2 drop. Season 3 starts NOW…

MAYC ripoff creator pleads guilty, G2A opens NFT platform: Nifty Newsletter

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In this week’s newsletter, read about the creator of a Mutant Ape Yacht Club (MAYC) knock-off pleading guilty to fraud charges, check out how OpenSea’s non-fungible token (NFT) users received a massive phishing email campaign, and how Bitcoin transaction fees flipped Ethereum network fees as the hype for Ordinals resurfaced. In other news, game distributor G2A has launched a gaming-focused NFT marketplace.  Creator of Mutant Ape ripoff NFTs pleads guilty to $3 million fraud scheme Aurelien Michel, the creator of the Mutant Ape Planet NFT collection, which copies the popular…