Tag: NFT

China’s Top Prosecution Agency Warns NFT Users of Possible Economic Exploitation via Price Manipulation

Coinspeaker China’s Top Prosecution Agency Warns NFT Users of Possible Economic Exploitation via Price Manipulation The Chinese government has pushed the country to digital economy adoption post-Covid-19 global pandemic. The country has significantly rolled out the digital yuan in anticipation to widen the adoption of its currency as a global reserve. The digital Yuan is expected to significantly help improve the overall liquidity of cryptocurrencies in the Asian continent. Moreover, Hong Kong is preparing to adopt crypto-friendly regulations next month, which has significantly attracted Chinese banks to invest in crypto…

Toy Maker Mattel to Launch Fast & Furious NFT Collection

The new collection is part of Mattel’s Hot Wheels NFT Garage Series and will be based on the Fast & Furious film franchise. The non-fungible token (NFT) market is set to move at the speed of fast cars, thanks to the decision of iconic toy maker Mattel to launch a new NFT collection. According to Mattel, the new collection is part of its Hot Wheels NFT Garage Series and will be based on the Fast & Furious film franchise. With the launch slated for May 22, the collection will go…

Chinese prosecutors to crack down on ‘pseudo-innovation’ in NFT market

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On May 15, the Supreme People’s Procuratorate of the People’s Republic of China — the national agency responsible for legal prosecution — shared its thoughts on the nonfungible token (NFT) market. In an article, three authors outlined the prosecutors’ vision of the market risks and the reasons to enforce them more actively. The article pays attention to the tendency of “securitization” of NFTs, i.e., the shared ownership of one copy by multiple users, which, in the authors’ opinion, no longer corresponds to criteria of non-reproducibility, indivisibility and uniqueness. Among other threats,…

World’s First Web3 TV Show for NFT Entrepreneurs

The emergence of crypto TV shows can be attributed to several factors, including the increasing popularity of crypto, the growth of DeFi, and the interest of investors in the potential of blockchain technology. Popular crypto analytics service provider CoinMarketCap in partnership with HELLO Labs has launched the world’s first Web3 TV show dubbed Killer Whales. According to the announcement, filming has been scheduled for June in Los Angeles, with the show set to air later this year on a combination of the world’s largest streaming platforms in over 55 countries.…

Curious Addys and Zeneca Launch Beginner NFT Platform HeyMint

With a goal of easing the minting process for creators and onboarding new entrants to Web3, HeyMint aims to be an accessible, equitable and low-cost creative tool. Creators can upload their artistic asset, choose their desired blockchain, create an allow list presale and enforce royalties. HeyMint currently supports Ethereum and three Ethereum Virtual Machine (EVM)-compatible chains – Polygon, Arbitrum and Optimism. Source

Ubisoft Partners with Integral Reality Labs to Launch Assassin’s Creed NFT Collection

Ubisoft claims that its Assassin’s Creed video game series has sold no less than 200 million copies worldwide. Despite being one of the most prominent game publishers in the Web 3.0 space as it is, Ubisoft has made yet another move. The company behind popular games such as Just Dance and Far Cry is taking its non-fungible token (NFT) play to a new dimension. Teaming up with Integral Reality Labs, Ubisoft will be creating an NFT collection centered around its popular action series, Assassin’s Creed. According to reports, the collection,…

Primordial NFT? Someone tried to sell a JPEG for BTC months before Bitcoin Pizza Day

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Crypto Twitter was briefly set ablaze on May 14 with a suggestion that the world’s first real-world purchase made by Bitcoin may have been for a JPEG, not pizza.  In a tweet from independent developer Udi Wertheimer, the Bitcoin advocate shared a screenshot showing what could have been the first-ever purchase using Bitcoin — even predating the infamous Bitcoin Pizza. This Twitter Space was FIRE We discovered that: the first purchase EVER with bitcoin was buying a JPEG for 500 BTC in Feb 2010 it pre-dates the the famous 10,000…

Jack Butcher Releases Checks Elements NFT Collection and Prints

“Elements are conceptually … the first instance of decentralized consensus,” Butcher told CoinDesk. “We’re trying to play into the themes that Checks is trying to express about consensus on the internet to pre-internet consensus, which is that all of these different cultures, languages, parts of the world, different schools of thought around how the world came to be … all landed on these four categories of matter – earth, water, air and fire.” Source

NFT Sales Surge 31% This Week as Bitcoin NFTs Secure Second Place in Blockchain Sales – Market Updates Bitcoin News

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Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations, as sales skyrocketed by 31.22%. Throughout the seven-day interval, NFT sales attained $208.17 million. The substantial rise in this week’s NFT sales can be credited to the appearance of NFTs originating from the Bitcoin blockchain. Bitcoin-Based NFT Sales Gain Significant Momentum Bitcoin NFT sales…