Tag: NFT

South China Morning Post’s NFT Spinoff Firm Artifact Labs Raises $3.25M Round

“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

NFT Inspect Announces New Community Council Members & Collaborative Partner for Ongoing Project Activity

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…

Blur dominates, flips OpenSea despite falling NFT trading volumes

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…

NFT Sales See Modest Increase of 1.46% to Reach $149M in Past Week – Markets and Prices Bitcoin News

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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…

Kenya Proposes Tax Measures on Cryptocurrency Transactions and NFT Transfers

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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…

NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity

It’s possible that Blend has contributed to a short-term rise in the floor prices of some blue chip NFT collections, according to data from NFT marketplace OpenSea. Since May 1, the date that Blend launched, the floor price of the popular Bored Ape Yacht Club collection has increased from 47 ETH, or about $93,500, to about 50 ETH, or $99,400. As for its Mutant Ape Yacht Club, the floor price increased from about 10.5 ETH, or $20,900, to 11 ETH or $21,900. Source

Solana Foundation Launches NFT Showdown Contest

Evaluation of participating projects will be based on their business acumen, creativity, focus on users, employing Solana tech, and real-world use of the product. Winners will get a chance to work with industry experts who will provide guidance to make their projects real. The Solana Foundation has launched an initiative that focuses on non-fungible tokens (NFTs) and aims to “strengthen the quality” of new NFT projects. Called “NFT Showdown”, Solana’s idea is basically a competition that invites artists to come up with innovative business plans and create collections with “real-world…

Kenya considers tax on crypto, NFT transfers and online influencers

Kenya’s lawmakers are considering the introduction of a 3% tax on cryptocurrency and nonfungible token (NFT) transfers and a 15% tax on monetized online content, according to a newly introduced bill. Introduced to the Kenyan parliament on May 4, The Finance Bill, 2023 would enact a digital asset tax on “income derived from the transfer or exchange of digital assets” which also included specific language for NFTs. The bill will undergo five rounds of readings, committees and reports by the National Assembly, if passed, it will then be passed to…

Judge Upholds Freeze on SpartacusDAO’s $35M in Lawsuit Served Via Discord, NFT

Judge Victor Marrero upheld his previously signed restraining order against Wei Wu, allegedly the man behind Spartacus, in a hearing in the Southern District of New York on Thursday. Marrero said the order will remain in place until Wu, who has been a no-show, starts to work with the court, said Diogenes Casares, CEO of the investment company suing Wu. Original Source 35MDiscordFreezeJudgeLawsuitNFTServedSpartacusDAOsUpholds CryptoX Portal

Palm NFT Studio Launches Palm Generative Art Maker

The tool provides the infrastructure for artists to carefully craft their code, store it on-chain and produce a body of generative artwork. While the process has previously been challenging for creators without knowledge of coding, the tool simplifies bulk rendering, trait and rarity systems, and the generation of assets. In addition, the tool allows users to develop motion and static 3D assets, as well generate the text and metadata. Source