Twitter CEO Elon Musk on Wednesday delighted fans of the counterculture non-fungible token (NFT) collection Miladys, when he shared a meme containing the instantly recognizable image of one of the avatar NFTs overlaid with the words, “There is no meme, I love you.” Source
Tabi, the nonfungible token marketplace previously as Treasureland, has completed a $10 million angel funding round, the BNB Chain-based platform announced on May 10. The funding was seeded by venture capital firms Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures and Youbi Capital. Individual investors include Bo Feng of Dragonfly Capital, Riyad AD of Saudi Arabia, and Suji Yan of Mask Network. According to developers, the funds will be primarily used to develop Tabi’s gaming ecosystem and construct its upcoming on-chain identity protocol. Aside from its NFT…
Binance has been aggressively growing its NFT marketplace in a variety of ways in order to become a top platform for buying, selling, and trading NFTs. Binance, the world’s largest crypto exchange has expressed interest in adding Bitcoin Ordinals to its Non-Fungible Token (NFT) marketplace by the end of May. According to the announcement, Binance will also offer royalty support and additional revenue-generating opportunities for Bitcoin NFT creators. Bitcoin Ordinals are becoming popular and unique in the NFT ecosystem thus fueling the push by Binance to add it to its…
“We are thrilled to be able to continue the strong momentum we’ve built over the last year, even in a bear market,” said Pudgy Penguins head of investor relations Vi Powils in the press release. “Today’s milestone is a testament to the vision of our strategic partners, who recognized that Pudgy Penguins is not only a Web3 brand for crypto-natives, but also an accessible IP for everyday consumers around the world, as well as our incredibly talented team.” Source
Bitcoin ordinals — also known as Bitcoin NFTs — have made their way into the limelight of the Web3 space, as more marketplaces continue to adopt and offer digital assets. On May 9, the cryptocurrency exchange Binance announced that it will support Bitcoin ordinals on its NFT marketplace in late May. The development will expand Binance’s multichain NFT ecosystem to include the Bitcoin network. Previously the Binance NFT market integrated with other decentralized networks, including BNB Chain, Ethereum and Polygon. Mayur Kamat, the head of product at Binance, commented on broadening…
“It’s not about creating new IPs for speculation – for example NFT hype projects – it’s about driving new engagement with historically significant collections by using Web3,” Phillip Pon, CEO of Artifact Labs, said in a release. “We want to carve new space in the younger public’s consciousness for historical brands and artifacts…while supporting these important organizations with new revenue streams to fund their preservation work, we are also solidifying immutable on-chain data preservation through NFTs.” Source
Leading Web3 project NFT Inspect recently undertook some shakeups amid activity geared toward increased adoption of decentralized technology. NFT Inspect has made key announcements regarding its ongoing project activity, including onboarding new team members and a strategic investment infusion. The one-stop-shop Web3 support app has been active lately alongside its Community Council members to enhance the blockchain and Web3 space. Besides growing its board with two new Community Council members, the NFT Inspect team has added a new investment and collaboration partner. The team expects these developments to help boost the…
DappRadar, an analytics platform, while analyzing the non-fungible token (NFT) marketplace landscape in April 2023, shows that Blur is the most dominant platform, leading OpenSea. Blur flips OpenSea to dominate the NFT marketplace scene According to the report, OpenSea, feeling the heat from Blur, launched OpenSea Pro (OS Pro), a platform targeted toward professional traders, at the beginning of April 2023. OS Pro aims to attract high-volume trading with a temporary zero percent marketplace fee and a minimum creator royalty of 0.5 percent. However, despite these efforts, OpenSea’s trading volumes…
In the past week, sales of non-fungible tokens (NFTs) have increased by 1.46%, raking in a total of $149,312,180. However, while the number of NFT buyers has risen by 22.48%, the number of NFT transactions has decreased by 8.78% compared to the previous week. Azuki Emerges as Top-Performing NFT Collection This Week With 504.96% Sales Surge Over the past week, non-fungible token (NFT) sales have experienced a modest uptick, rising by 1.46% compared to the previous week. In total, NFT sales amounted to $149.31 million, with Ethereum-based NFT sales accounting…
The Kenyan government’s proposal to tax cryptocurrency transactions, NFT transfers, and online advertising has sparked mixed reactions from the public. The move aims to generate revenue for the government’s budget and ensure that cryptocurrency traders contribute to the country’s tax revenue. However, some industry players have expressed concern about the proposed tax measures. According to reports, the government plans to impose a 3% tax on profits made from cryptocurrency trading. This move attempts to regulate the sector and ensure that cryptocurrency traders contribute to the country’s tax revenue. The lawmakers…