Tagged: nfts

February 16, 2022 @ 9:39 pm By Omar Faridi  |  

Developed by a team that has worked on FIFA, Battlefield, Halo, Disney, and Nintendo, MixMob is funded to introduce its game in phases beginning in April 2022. MixMob is a Solana-based Metaverse Game on Remix Culture that brings together play-to-earn with user-generated content. The project… Read More

February 11, 2022 @ 8:38 am By Omar Faridi  |  

Salesforce told its workers at a sales kickoff this Wednesday that the firm intends to launch an NFT (non-fungible token) Cloud. This, according to sources familiar with the matter (and cited by CNBC). As covered, NFTs are provably unique digital assets (and collectibles) that are… Read More

February 10, 2022 @ 8:22 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is watching. It likely will not be long before the first enforcement action against a Non-Fungible Token (NFT) issuer is announced. The 80+ enforcement actions the regulators have taken to date on cryptocurrency, digital assets, and Initial Coin… Read More

February 9, 2022 @ 11:01 pm By Omar Faridi  |  

Silicon Valley Fintech Alchemy has acquired $200 million, making it the latest crypto firm to achieve unicorn status (valued at $1 billion or more). Led by VCs Lightspeed Partners and Silver Lake, Alchemy’s Series C investment round takes the firm’s valuation to $10.2 billion —… Read More

February 8, 2022 @ 11:16 am By JD Alois  |  

NFTGo.io, an NFT data analytics platform, has raised $6.75 million in a pre-Series A round, according to a statement from the company. The funding round was led by Qiming Venture Partners, with participation from SeaX Ventures, Youbi, Circle, Altonomy, Zonff Partners, Hash Global, and mask.io…. Read More

February 7, 2022 @ 10:08 am By Omar Faridi  |  

Decentralized applications store DappRadar recently shared its January 2022 Dapp Industry Report, noting relative stability for the blockchain or distributed ledger tech (DLT) ecosystem even though we are currently in a bearish cryptocurrency market. NFTs emerged, once again, as a record-breaking segment, “marking $16 billion… Read More

February 7, 2022 @ 8:43 am By Omar Faridi  |  

Cardano (ADA) initially gained attention back in 2017 as one of the more anticipated Initial Coin Offerings (ICO) of that year. Over the years, the initiative persisted through an extended crypto bear market to earn its place among the top crypto-assets by market cap. In… Read More

February 6, 2022 @ 6:09 pm By Omar Faridi  |  

In order to help with protecting endangered animals, UK’s TV station, WildEarth, has introduced its own set of non-fungible tokens (NFTs). Notably, 40% of the main sale proceeds will be directed towards various custodians of the land on which the animals are currently living. Graham… Read More

February 5, 2022 @ 12:26 pm By JD Alois  |  

Yesterday, the US Department of Treasury issued a statement on illicit activity in the “high-value art market.” More specifically, activities that include money laundering and terrorist financing risks. The study found that while there is some evidence of money laundering risk in the high-value art… Read More

February 2, 2022 @ 9:07 am By Omar Faridi  |  

Republic Realm, one of the “most active” developers of the Metaverse and NFT ecosystem, recently announced the introduction of the inaugural collection of GFTs in collaboration with Atari, one of the most “iconic” brands. GFTs are NFTs specifically designed for gifting, and they “initially appear… Read More

February 1, 2022 @ 8:46 am By Omar Faridi  |  

An “unofficial” Minecraft NFT collection is now the most recent initiative that turned out to be a rug pull (but the founders claim otherwise). Recently, the project called “Blockverse”, which offered an on-chain Ethereum NFT that claimed to support a unique P2E on Minecraft “like… Read More

February 1, 2022 @ 8:30 am By Justin Daniels  |  

Non-fungible tokens (NFT) are currently the belle of the blockchain ball. The revenue related to sales of NFT’s are staggering: $69 Million for Beeple while NBA’s Top Shot swished over $700M in sales in less than a year. Open Sea, the largest NFT exchange, has a… Read More

January 31, 2022 @ 8:12 am By Omar Faridi  |  

Binance Labs, the venture capital and innovation incubation division of Binance, has announced a strategic investment in StarryNift, the game Metaverse and co-creating platform that aims to bring the Metaverse space to greater heights. StarryNift is described as the first gamified “massive” co-creation Web 3.0… Read More

January 29, 2022 @ 10:42 am By JD Alois  |  

Unblocked, aka The Non Fungible Token Company (NFTCo), says it has finalized a $10 million seed funding round at a post-money valuation of $90 million.  Unblocked adds that it previously raised $5 million in pre-seed funding in 2021. Investors include Tiger Global, Penske Media, Electric… Read More

January 28, 2022 @ 9:29 am By Omar Faridi  |  

The team at Fireblocks has announced that they’ve acquired $550 million in capital through a Series E round. This brings Fireblocks‘ valuation to $8 billion, making the Fintech firm “the highest-valued digital asset infrastructure provider in the world.” As mentioned in the update from Fireblocks:… Read More

January 27, 2022 @ 8:58 am By Omar Faridi  |  

Criminal investigators at the US Internal Revenue Services (IRS) say that virtual currencies and non-fungible tokens (NFTs) is an industry segment that can be exploited by actors engaging in fraudulent activities. These abusive activities may include actions involving money laundering, market manipulation, and even attempts… Read More

January 26, 2022 @ 8:41 am By Omar Faridi  |  

Finvault Exchange OÜ, the Fintech firm that’s licensed and regulated by the Estonian FIU as an authorized digital currency exchange, is transforming the way individual consumers and businesses save, invest, transfer and spend their funds and digital wealth. Finvault announced that it has opened up… Read More

January 24, 2022 @ 10:22 am By Omar Faridi  |  

NFT Investments, an incubator focused on the market for non-fungible tokens (NFTs), is pleased to confirm that it has entered into a non-binding letter of intent (LOI) for the acquisition of Pluto Digital PLC, a crypto tech and venture firm (for a “consideration” of £96… Read More

January 23, 2022 @ 5:30 pm By Omar Faridi  |  

Pledge Finance, the platform for long-term, fixed-rate cryptocurrency-based loans, is pleased to confirm a partnership with zkLink, a provider of secure cross-chain token swaps “powered by zero-knowledge proofs.” As mentioned in an update shared with CI, the partnership will allow Pledge to “integrate with more… Read More

January 23, 2022 @ 1:07 pm By Omar Faridi  |  

The Metaverse, a relatively new concept and a term used to describe a shared, immersive digital ecosystem supported by the use of VR and augmented reality (AR) technologies, has quickly become one of the fastest-growing trends in the digital economy. It’s notably a nascent industry… Read More