Tag: NFT

Introducing CATASTROPHY MultiPass: the Revolutionary NFT Solution for WEB3 BUIDLers

Place/Date: – January 5th, 2023 at 12:16 pm UTC · 4 min read Source: CATASTROPHY The CATASTROPHY team has unveiled a pioneering offering, MultiPass, which repurposes non-fungible tokens (NFTs) as decentralized identities (DIDs) and serves as a cross-chain, cross-application membership token. This innovation comes at a time when the market for NFT collectibles is experiencing a decline in value and liquidity amid bearish conditions. WEB3 BUIDLers stand to benefit greatly from this innovative solution, which facilitates access to advanced memberships for various tools that are crucial for product development and…

Fanatic sells 60% stake in Candy Digital amid ‘imploding NFT market’

boss

Sports merchandise firm Fanatics is divesting its stake in nonfungible token (NFT) company Candy Digital as confidence in the asset class wanes. On Jan. 4, it was reported that Michael Rubin’s sports company Fanatics was offloading its majority 60% stake in the NFT startup. Fanatics was started in 2011 and has become a known name in sports merchandising and e-commerce, valued at $31 billion.  MLB ICON Leadoff NFT Collectibles, launched by Candy Digital in Apr. 2022 Source: MLB However, the crypto bear market has hit the NFT sector hard in…

Fanatics Selling Its 60% Stake in Sports NFT Firm Candy Digital: Report

But Fanatics’ CEO Michael Rubin wrote in the internal email that “Divesting our ownership stake at this time allowed us to ensure investors were able to recoup most of their investment via cash or additional shares in Fanatics – a favorable outcome for investors, especially in an imploding NFT market that has seen precipitous drops in both transaction volumes and prices for standalone NFTs.” Source

NFT influencer falls victim to cyberattack, loses $300K+ cryptopunks

boss

NFT Influencer CryptoNovo announced on Jan 4. that they have fallen victim to a cyberattack and lost two cryptopunks. The post on Twitter says “I just got hacked!!! Are you kidding me!?!” and includes a screenshot from OpenSea displaying two cryptopunks being transferred to another address. I just got hacked!!! Are you kidding me!?! pic.twitter.com/r1xS0mhD6P — CryptoNovo (@CryptoNovo311) January 4, 2023 The two cryptopunks were immediately sold by the attacker, one for 70 ETH (worth an equivalent $88,434 at time of publication) and the other for 199 ETH ($251,404). This…

The worst influencer and celebrity NFT cash grabs of 2022

boss

Mainstream hype for the nonfungible token (NFT) market cooled down significantly in 2022, but that didn’t stop a host of popular and wealthy figures from stinking up the space with dreadful collections last year. In the 2022 edition of the worst influencer and celebrity NFT cash grabs, Cointelegraph takes a look at four projects seemingly designed to milk capital out of their fans pockets, while delivering very little. Tai Lopez — OG (Original Garage) Social Club First on the list is the oddball entrepreneur Tai Lopez, best known for his…

Understanding the Development of DAO-Enabled NFT Platforms

boss

Everyone is interested in investing because the market for non-fungible tokens has strengthened. People make millions of dollars by investing in decentralized app development and launching their own DAO-based NFT platform. Customers use NFT to purchase real estate and homes, and businesses sell virtual clothing and accessories. NFTs have been able to expand the industrial sectors through tokenizing digital assets. Millions of NFTs are created, minted, purchased, and sold daily. By 2025, the NFT industry will generate over $80 billion. Blockchain technology has come a long way since its inception.…

Decentraland (MANA) Sheds 90% In 2022 Despite Solid NFT Volume Performance

boss

Decentraland (MANA), the cryptocurrency launched in 2020 by Ariel Meilich and Esteban Ordano, failed to take advantage of some of the positive developments that happened within its ecosystem this year as it closes 2022 in a “beaten” state. Over the last 12 months, the digital coin has shed 91% of its value, failing to recover from the massive price dumps it experienced triggered by the a series of unfortunate events that plagued the crypto space and the growing uncertainty in the market. According to latest tracking from Coingecko, at the…