Tag: NFT

NFT artist raises $140K for cancer support charity

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A nonfungible token (NFT) artist raised nearly $140,000 (114,000 British pounds) from an art event in Edinburgh, Scotland to support cancer treatment. Maggie’s Edinburgh — an institution dedicated to free cancer treatment — received 114,000 pounds from Trevor Jones, a popular crypto artist from Scotland, who raised funds at a charity exhibition and auction at an annual Web3 Castle Party near Paris. According to Maggie’s Edinburgh Fundraising, the funds collected by Jones amounted to the highest single donation from an art event recorded in the Edinburgh Center’s 27-year history. A…

PayPal Files Patent Application for NFT Purchase and Transfer

According to PayPal, its system could use any currency. The company has already added numerous blockchain-related features to its platform, including the MetaMask Wallet, PayPal USD, and Ethereum. Online payments giant PayPal Holdings Inc (NASDAQ: PYPL) has applied for a non-fungible token (NFT) marketplace to purchase and transfer NFTs, both on- and off-chain. Filed back in March and published last week, the application describes a means of carrying out transactions with NFTs. It is still pending approval at the United States Patent Office. According to PayPal, its own NFT marketplace would…

PayPal applies for NFT marketplace patent for on- or off-chain asset trading

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PayPal made major progress toward creating its own blockchain ecosystem by filing a patent application for a nonfungible token (NFT) purchase and transfer system. The application, filed in March and published Sept. 21, describes a means of carrying out transactions with NFTs, both on- and off-chain.  The patent application, which is still pending, describes a system where users can buy and sell NFTs through a third-party service provider. That provider is not specified, though Ethereum is mentioned in the text. Related: PayPal enables US users to sell cryptocurrency via MetaMask…

Murakami to step back from NFTs, Dan Harmon’s NFT Show debut and more…

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Murakami to wind back from NFTs Acclaimed Japanese contemporary artist Takashi Murakami says he may not release anymore nonfungible tokens moving forward, after first jumping into the market in late 2021. Murakami is a world-renowned artist that has a career spanning back to the late 1980s. He has released two NFTs collections to date, firstly with the Clone X collection in partnership with RTFKT in December 2021, and then with the Murakami.Flowers collection in May 2022. Speaking with The Guardian in a Sept. 20 interview at the Asian Art Museum…

NFT Platform ImmutableX’s IMX Token Rallies

IMX, the native token of non-fungible tokens platform ImmutableX, surged on Thursday, led by South Korean traders. The cryptocurrency rose 35% to 74 cents during Asian trading hours, CoinDesk data show. Major cryptocurrencies like bitcoin (BTC), ether (ETH), XRP and BNB traded 0.5% to 1% lower. The IMX price rally is accompanied by an over 22% increase in the 24-hour global trading volume, which rose to $556 million. The IMX-Korean won (IMX/KRW) pair listed on South Korea’s Upbit exchange accounted for nearly 20% of the global activity, followed by Binance’s…

SOLD OUT Synthopia NFT Drop & Updates

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Listen up, degens Summer’s out, and it is time to gear up for another season of Web3 and NFTs. Team VESA has enjoyed the refreshing (too much so at times) weather of our native Finland and some interesting connections and projects have immediately sprouted. Currently, VESA is in Switzerland for a top Web3 conference with the fastest growing crypto ecosystem in the world, Crypto Oasis, but more on that a little later. First, it’s time to give a shoutout to a friend who is a fellow pioneer in the scene…

Diesel Partners DressX for Exclusive NFT Fashion Collection

Diesel’s entry into the Meta Avatar Store aligns with the brand’s previous forays into the metaverse and its ventures into the world of NFTs. Diesel, the iconic Gen-Z fashion brand known for its edgy style, is stepping into the metaverse with a bang. In collaboration with digital fashion house DressX, the company is launching an exclusive collection on the Meta Avatars Store, adding its name to the roster of luxury brands available in the store. Meta Avatars Store is an online designer clothing store that allows fashion lovers to dress…

SEC Charges Stoner Cats With Alleged Unregistered $8 Million Securities Sale In NFT Crackdown

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In a recent move that intensifies the Securities and Exchange Commission’s (SEC) crackdown on the Non-Fungible Token (NFT) sector, the SEC has charged Stoner Cats 2 (SC2) with conducting an “unregistered offering of crypto asset securities.”  The charges specifically target Stoner Cats’ sale of non-fungible tokens, which raised approximately $8 million from investors to finance the production of an animated web series. SEC’s Legal Earthquake Hits NFT Market Once Again  The SEC order reveals that on July 27, 2021, SC2 sold over 10,000 NFTs to investors at approximately $800 each,…