Tag: NFT

NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week – Markets and Prices Bitcoin News

boss

Non-fungible token (NFT) sales over the last seven days are ending the year 13.97% lower than the week prior. During the last week, statistics show that $147,054,554 in NFT sales were recorded across 334,668 NFT buyers. NFT Sales Continue to Slip: 13.97% Decrease in Last Seven Days NFT sales are down this week, 13.97% lower than last week according to cryptoslam.io metrics. 2022 hasn’t been a good year for NFTs as sales and NFT values have slid dramatically over the last 12 months. Out of the $147.05 million in NFT…

Financial Giant Fidelity Files Trademarks for Crypto, NFT, and Metaverse Products – Featured Bitcoin News

Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. Fidelity’s Crypto and Metaverse Trademark Applications Fidelity Investments filed three trademark applications with the United States Patent and Trademark Office (USPTO) last week for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. Fidelity has $9.6 trillion in assets under administration as of Sept. 30; the financial services firm serves about 40 million…

Manchester United and Tezos Foundation Accused of NFT Copyright Infringement

The $3.77 billion valued football club has been expanding its revenue collection avenues since the onset of the coronavirus, which significantly slashed the company’s profits. After debuting its NFT collectibles earlier this month, popular football club Manchester United Ltd Cl A (NYSE: MANU)  and its official blockchain provider Tezos Foundation have been accused of copying monsters’ NFT traits belonging to Lucrece. The 7,777 digital collectibles announced by Manchester United are said to share most of their unique traits with Lucrece’s monster artwork. In response to this, Lucrece announced that he…

China to Launch State-Owned NFT Marketplace

Since the banning of cryptocurrencies in China, the subject of NFTs has fallen under a legal grey area. China has unveiled plans to launch the first state-owned NFT marketplace. The marketplace, whose name translates to “China Digital Asset Trading Platform”, will launch on January 1 at a physical event in Beijing. According to the report, the platform is built on a unique blockchain, the China Cultural Protection Chain. Also, it will be run by China Daily, China Technology Exchange, Art Exhibitions China, and Huban Digital. Using the platform, Chinese NFT…

Fidelity plans NFT marketplace: Nifty Newsletter, Dec. 21–27

boss

In this week’s newsletter, read about investment giant Fidelity planning to enter the nonfungible token (NFT) space and how Italy’s NFT market will grow. Check out how North Korean hackers use phishing websites to target NFT holders and listen to a conversation with Crypto Raiders in the NFT Steez podcast. And, don’t forget this week’s Nifty News featuring Japanese gaming firm Square Enix investing millions in an NFT game developer.  Fidelity plans NFT marketplace and financial services in the metaverse On Dec. 21, investment firm Fidelity filed three trademark applications…

China’s first national NFT marketplace to launch next week: Report

boss

According to a report published by local news outlet Sina News on Dec 28, China will launch its first regulated platform for nonfungible tokens (NFT) trading on Jan 1, 2023. The entity, which acts as a secondary market for the exchange of NFTs, was created by the state-owned Chinese Technology Exchange, the state-owned Art Exhibitions China, and Huban Digital Copyrights Ltd, a private corporate entity.  In addition to NFTs, the platform will also facilitate the trading of copyrights related to digital assets. The project aims to “regulate and avoid the…

Is SOL About To Crumble? Major NFT Projects Plan To Switch To Other Blockchains

boss

In the preceding 24 hours, the sentiment of the cryptocurrency market as a whole was mixed, as the majority of top cryptocurrencies experienced mixed price changes. Solana is in a difficult position, since two of the ecosystem’s most prominent NFT projects are abandoning its network for rivals.  The outlook on the crypto remains bearish in 2022. On Monday, DeGods announced that the NFT collection will bridge to Ethereum in the first quarter of next year. The y00ts NFT collection, which is part of the same cohort, will move to Polygon. The official…

Italy NFT Market Goes Wild, Upward Projection till 2028

The NFT buzz went beyond the art industry to reach the Italian fashion space. Italy is reportedly looking to develop the crypto art renaissance through its non-fungible token (NFT) market. As one of the cultural hubs in Europe, the country is grounded in culture, history, and art. Citing Q2 2022 NFT Survey, data from Research and Markets “Italy NFT Market Intelligence and Future Growth Dynamics Databook” states the expected growth for the NFT market. Data projected the industry to surge 47.6% on an annual basis. With this projection, the NFT…