Tag: NFT

Formula One Ticket Provider Platinum Group Unveils NFT Tickets for Sunday’s Monaco Grand Prix

The NFT tickets will be minted via the Ethereum scaling layer two blockchain Polygon (MATIC). The sixth race of the 22-round season for the Formula One (F1) Grand Prix held in Monaco over the weekend has attracted the attention of crypto enthusiasts. Furthermore, as a country within the European market, which recently passed the Markets in Crypto-Assets Act (MiCA) legislative standards, it is bound to attract significantly higher crypto enthusiasts during the F1 event. As a result, Platinium Group, a global sports ticketing platform, has partnered with Elemint, a blockchain…

Platinium Group is Release NFT F1 Tickets

Elie Zerbib, Co-Founder of Bary told CoinDesk that NFTs in the form of tickets offer buyers transparency, traceability, seamless digital ticketing, personalization and engagement. However, for a sport that has amassed fans from all over the world, easy onboarding is an essential tenet. Source

Nike NFT Sale Surmounts Technical Issues to Hit $1 Million in Revenue

Although the first round was originally proposed to last for only two days, technical glitches and delays caused it to drag through nine days. Technical issues and unprecedented delays could not deter Nike NFT, OF1 collection, from setting mind-blowing records with its highly-anticipated sale. This follows after the NFT sale, which began just over a week ago, is reported to have officially raked in over $1 million. Debuting on Nike’s .SWOOSH Web3 platform, Our Force 1 (OF1) collection began selling on May 15. That was about a week later than…

Binance enters the NFT lending market with loan service

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance is preparing to roll out a new product that would enable non-fungible token (NFT) holders to borrow crypto against NFT assets.  Binance NFT loan supports only ethereum borrowing  Crypto exchange giant Binance will launch the Binance NFT loan service on May 26, according to an announcement. The new product, which comes nearly two years after the unveiling of the Binance NFT marketplace,  will support ethereum loans for now, along with high-valued NFT collections like Bored…

Blur’s Blend Platform Has 82% of NFT Lending Market Share: DappRadar

“The significance of this large volume can be positive, as it indicates liquidity and market validation,” said Ghergelas. “However, there are also potential negatives, as high volumes on Blend could increase the price volatility, impacting market stability and making it difficult for traders to predict price movements accurately.” Source BlendBlursDappRadarLendingMarketNFTPlatformShare CryptoX Portal

Binance Introducing NFT Lending Capability

The new service, called Binance NFT Loan, “will allow people to use blue-chip NFTs to borrow crypto, starting with ETH, introducing the benefits of DeFi to the Binance NFT community,” Binance said in a press release. According to the platform, the tool offers competitive interest rates, instant liquidity, zero gas fees and liquidity protection. Source

Brave Browser Introduces NFT Tokengating For Video Calls

NFTs can also be used by hosts to “configure avatars, assign moderator permissions, and more.” When combined with Brave’s browser-native Brave Wallet, the tools “create the first-ever fully integrated Web3 live event platform, combining browser, wallet and video,” the company wrote in a blog post. Source