Tag: NFT

Sony eyes NFT transfers across multiple game platforms, reveals patent

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Sony Interactive Entertainment, the video game goliath running the PlayStation brand, filed a patent for a framework allowing users to transfer and utilize nonfungible tokens (NFTs) across multiple game platforms.  Over several years, Sony’s interest in crypto has been evidenced by numerous partnerships and trademark registrations. Adding to this list, Sony filed a patent titled “NFT framework for transferring and using digital assets between game platforms.” Snippet of Sony’s NFT framework patent filing. Source: patentscope.wipo.int Sony’s NFT framework aims to integrate NFTs into gameplay, wherein the technology can represent skins and…

NFT investor accidentally burns $135k CryptoPunk trying to borrow money

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A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector’s intent was just to borrow some money against it to buy another NFT. NFT collector Brandon Riley added CryptoPunk #685 to his collection on March 13 by paying 77 ETH, hoping to hold it for the long term. Now feels like an appropriate time to introduce #BAYC 586 to #Punk 685 (acquired a week ago). Hope to hold both for a decade… LGF! pic.twitter.com/SLb68rY6MR —…

Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth

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Bitcoin NFT inscription activity has remained strong with consistency in the daily number of NFTs inscribed on Bitcoin. At the same time, the infrastructure to foster Bitcoin trading is finally coming together with the development of wallets and marketplaces supporting Ordinals. NFT marketplaces, Gamma and Magic Eden, added support for Bitcoin NFTs this week. While the initial response of traders has been subdued, the activity is expected to pick up soon. Improving the infrastructure around Bitcoin NFTs Bitcoin NFTs, also-known-as Ordinals, began with much fanfare in late January as they…

SVB collapse chilled NFT trading volumes: Nifty Newsletter, March 15–21

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SVB collapse chilled NFT trading volumes: DappRadar The recent collapse of the Silicon Valley Bank (SVB) resulted in dwindling numbers for NFT trading volumes, with traders holding on to their assets amid the banking crisis in the United States. Before the crisis, NFT trading volumes were around $68 million to $74 million. After SVB collapsed on March 10, the trading volume declined, falling to $36 million on March 12. In addition, the daily NFT sales count also dropped by 27.9% between March 9 and 11. Continue reading… Dubai to Abu…

Emily Xie, NFT Creator – Cointelegraph Magazine

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New York’s Emily Xie is exploring the new frontier of digital art by combining her skills and passion for computer science and generative art.  In a little under two years, since she minted her first NFT in March 2021, she has caught the attention of prolific collectors, such as Punk6529, DC Investor and Bob Loukas, and recently left her software engineering job to pursue life as a full-time artist.  “I studied art history, took studio art courses, but also studied computational science and engineering. I made all sorts of art…

Magic Eden Launches Bitcoin Ordinals NFT Marketplace

Magic Eden is not the first to ride the Ordinals NFT wave. ORDX and Generative, launched in February, are two of the first Ordinals NFT marketplaces. Non-fungible token (NFT) marketplace Magic Eden is set to launch a fully audited Bitcoin NFT marketplace. This comes as Bitcoin-based Ordinals NFTs become increasingly popular. The platform will enable traders to purchase inscriptions – NFTs minted on Bitcoin’s satoshis. To facilitate the selling, buying and listing of Ordinals NFTs, Magic Eden is working on integrating support for Bitcoin wallets Hiro and Xverse. Jack Lu,…