Tag: Non-fungible tokens

Rap Star Snoop Dogg Teams up With the Harlem Globetrotters in an NFT Sitcom

Rap Star Snoop Dogg Teams up With the Harlem Globetrotters in an NFT Sitcom

On October 20, the iconic rap star Snoop Dogg announced he’s participating in a non-fungible token (NFT) sitcom with the popular basketball team the Harlem Globetrotters. According to the announcement, the NFT drop is part of a campaign featuring a limited edition Snoop Dogg and Globetrotters NFT collection. NFT Whale Snoop Dogg Partners With the […]

Continue Reading

Sports-betting firm DraftKings to become a full validator for the Polygon network

Sports-betting firm DraftKings to become a full validator for the Polygon network

DraftKings, a sports-betting company with a $20 billion market capitalization, announced Monday that it will become a full validator for the Polygon Network, an Ethereum-based scaling platform.  DraftKings Marketplace, an ecosystem that focuses specifically on NFTs, will launch a node on the Polygon Network to authenticate transitions using a proof-of-stake consensus protocol — reducing the […]

Continue Reading

Video game platform Steam bans NFTs, crypto and blockchain-based games

Video game platform Steam bans NFTs, crypto and blockchain-based games

The video game distribution platform Steam has updated its guidelines to ban the use of non-fungible tokens (NFTs), cryptocurrencies or other blockchain-based technologies from its platform.  The new rule was tacked onto a list of “What you shouldn’t publish on Steam,” which also bans hate speech, libelous or defamatory statements and non-interactive 360 virtual reality […]

Continue Reading

Art house Sotheby’s launches curated NFT platform called ‘Sotheby’s Metaverse’

Art house Sotheby’s launches curated NFT platform called ‘Sotheby’s Metaverse’

The art auction house Sotheby’s has launched its own non-fungible (NFT) platform.  Called ‘Sotheby’s Metaverse,’ the platform will include curated NFTs from the Sotheby’s team and allows individuals to purchase NFTs using ETH, BTC, USDC or fiat currencies. Future features will include dynamic auctions and the ability to mint generative artworks, according to the auction […]

Continue Reading

More than 900,000 people signed up for Coinbase’s NFT platform waitlist — and it’s only day one

More than 900,000 people signed up for Coinbase’s NFT platform waitlist — and it’s only day one

So many people tried to sign onto the waiting list for Coinbase’s new NFT platform that the traffic broke the site.  “We are getting a LOT of signups — so grateful for all your interest,” wrote Coinbase’s Vice President of Product Sanchen Saxena on Twitter. “We are seeing insane loads on our servers and our […]

Continue Reading

Coinbase Launching NFT Marketplace With Social Features to Grow Creator Community ‘Exponentially’

Coinbase Launching NFT Marketplace With Social Features to Grow Creator Community ‘Exponentially’

Cryptocurrency exchange Coinbase is launching a peer-to-peer marketplace for non-fungible tokens (NFTs). The Nasdaq-listed company says that “Coinbase NFT” will make “minting, purchasing, showcasing, and discovering NFTs easier than ever.” In addition, Coinbase says, “We’re going to grow the creator community exponentially, a win for artists and for fans.” Coinbase NFT to Help Grow Creator […]

Continue Reading

Axie Infinity (AXS) Hits New ATH of $143, Here’s How the Metaverse Frenzy Is Picking Up

Blockchain and crypto-based game Axie Infinity is gaining a lot of traction recently in what can be seen as the rise of the new metaverse frenzy. The project has recently touched a $30 billion valuation following which its native token AXS has skyrocketed. Axie Infinity (AXS) has gained nearly 200% in just the last 15 […]

Continue Reading

This NFT Collection By This 12-Year Old Generates $5 Million In Record Time

The non-fungible tokens (NFT) space has been attracting a large part of the global developers’ community and even 12-year-old kids are joining the rush. Once such 12-year-old Benyamin Ahmed coder recently joined the developers’ team of Boring Banas Co. to create an NFT collection dubbed Non-fungible Heroes (NFH). This entire collection featuring 8,888 comic book-esque […]

Continue Reading

NFT Fantasy Football Platform Sorare Raises $680 Million in Series B Led by Softbank

NFT Fantasy Football Platform Sorare Raises $680 Million in Series B Led by Softbank

On September 21, the non-fungible token (NFT) fantasy football platform Sorare announced the company raised $680 million in a Series B funding round led by Softbank. The capital raise gives Sorare a new valuation of around $4.3 billion and the company plans to open a U.S.-based office. Sorare Reveals $680M Capital Raise Non-fungible token (NFT) […]

Continue Reading

NFT Market Sales Drop by More Than 50% — Popular NFT Collection Trade Volumes Nosedive

NFT Market Sales Drop by More Than 50% — Popular NFT Collection Trade Volumes Nosedive

After non-fungible token (NFT) sales soared during the month of August, the first week of September’s NFT sales has been awful. Statistics show the number of sales in mid-August tapped a high of 193,693 sales but plummeted 86% to 27,053 sales on September 10. Metrics from the most used marketplaces show that volume has slid […]

Continue Reading