Tag: NFT

Formfunction to shutter marketplace amid Solana NFT slump

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Formfunction, a Solana (SOL)-based nonfungible token (NFT) marketplace, has announced its closing up shop after only 13 months of operation amid a slump in Solana NFT prices and trading volumes. On March 15, Formfunction announced it is “shutting down” on March 29 saying it “cannot continue to operate” after “much discussion and careful consideration.” We have some sad news to share today—Formfunction is shutting down on Wednesday, March 29th. This was an extremely difficult decision; however, after much discussion and careful consideration, we’ve come to the conclusion that we cannot…

Art Trading Platform LiveArt Announces NFT Membership Card Linked to Exclusive Drops

The LiveArt X Card integrates Web3 into the art-collecting experience, providing holders with access to its digital art market, free airdrops, exclusive access to LiveArt’s AI-generated artist insights, rewards in the form of their ART token, VIP access to real-world art events and more. The ART token, which powers the LiveArt ecosystem, can be used to buy physical and digital art on the platform. Source

Salesforce Web3 to help brands build trusted and scalable NFT programs

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Salesforce, a customer relationship management software firm announced the limited release of Salesforce Web3 on March 15. The company said it will be a platform that helps companies create, manage, and deploy non-fungible tokens (NFTs) in a trusted, scalable, and sustainable way. The service will allow brands connect with their customers in a whole new way by integrating their Customer 360 with Web3 data, in order to help brands gain a comprehensive understanding of how customers interact with their brand across traditional and emerging digital environments. According to Salesforce, its Web3 platform…

NFT Sector Keeps Developing – Number of Unique Ethereum NFT Traders Surged 276% in 2022 – Blockchain News, Opinion, TV and Jobs

By Paul Hoffman from BestBrokers Looming Fed rate hikes were the hottest topic in the beginning of 2022. Shortly after that global markets dove even deeper into the red with the start of the war between Russia and Ukraine. Not long after the LUNA crash followed and crypto markets plunged deeply. Unfavorable events for the global economy continued and caused further damage to all crypto assets. Despite all the negativity surrounding crypto and multiple published analyses, concluding with the announcement of “crypto winter”, the NFT sector kept developing at a…

Sotheby’s Holding Meme-Inspired NFT Auction Featuring Beeple

Additionally, Sotheby’s is hosting a New York-based auction the following week called “Natively Digital: Glitch-ism,” featuring “glitch art,” which are digital works inspired by the early days of the internet. The auction, which will take place from March 24 to March 31, will include works from digital artists XCopy, Luis Ponce, jakethedegen and more. Source

VC-Backed NFT Social Platform Metalink Launches Mobile App

Metalink also announced a previously undisclosed $6 million seed round with funding from an impressive list of venture capital funds and Web3 personalities. Investors include Guy Oseary, Gary Vaynerchuk, MoonPay CEO Ivan Soto-Wright, The Sandbox founder Sebastien Borget, former Coinbase Chief Technology Officer Balaji Srinivasan, DJ Justin Blau, Social Capital, Arrington Capital and Sound Ventures. NFT collectors including Cozomo de Medici, Gmoney, Seedphrase, SobyLife, Tony Herrera, Meltem Demirors and Farokh, as well as corporate investors Gemini Frontier Fund, Dapper Labs’ venture arm, BallerVC, and Genies’ Human Ventures also provided funding.…

Amazon NFT Platform Is Gamechanger

With the use cases of NFTs constantly multiplying, there are many speculations as to what Amazon will focus on. Top players in the NFT space have adjudged the rumors of an Amazon NFT platform to be a potential game changer. The rumors started swirling about the platform after Amazon CEO Andy Jassy noted the e-commerce giant may sell NFTs. Since then, different reports have emerged outlining how the company could move forward with the initiative. One report even suggested that the e-commerce giant will be ready to launch the platform…

NounsDAO Approves Proposal for Feature-Length NFT Movie

The budget for the first installment has been set at $125,000. According to the proposal, the pilot will be revealed in 90 days, after which the decentralized autonomous organization (DAO) will decide whether to continue funding the project. Nouns members will be allowed to submit story arcs and ideas for future installments. Source

Absorb for adoption — How infamous 30% Apple cut affects iOS NFT apps

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Apple’s continued enforcement of in-app purchases to sell services remains a trade-off for NFT applications looking to tap into the convenience of streamlined in-app purchases for iPhone users and a massive user base around the world. As previously reported, Apple maintains strict rules for nonfungible token (NFT) apps, enforcing a 30% commission on the sale of NFTs through in-app purchases. The enforcement of this 30% commission has been a sore point, with Coinbase Wallet seeing an update to its application blocked by Apple in December 2022. This was due to…