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“# NFTs offer a new way for society to ‘store culture’ says Animoca Brands CEO ” Yat Siu, the co-founder and chairman of NFT game developer Animoca Brands, believes nonfungible tokens offer a new way for culture to be stored in the virtual sphere. In an interview with Cointelegraph, Siu argued that while the technology…
“# Bank of America offers bullish outlook for DeFi and NFTs ” The Bank of America Corporation (BoA) has published a research report offering a bullish outlook for the long-term prospects of cryptocurrency. The report, published on Oct. 4 by BoA subsidiary, BofA Securities, offers a nuanced appraisal of the digital asset sector that highlights…
“# NFT for the win: Grandmaster Magnus Carlsen chases a nonfungible trophy ” An international chess tournament, Meltwater Champions Chess Tour (MCCT), has announced to mint nonfungible token (NFT) trophies and collectibles for preserving the game‘s most defining moments for infinity. The winner of the MCCT will be awarded an NFT trophy, marking the mainstream…
“# Why NFTs can be a riskier investment than cryptocurrencies, report ” Investors who survived the 2008 financial crisis understand the importance of liquidity. When an economic recession starts, deflationary pressure hits the market, and buyers disappear. Sellers frantically try to sell assets before their prices drop further, but buyers want to de-risk and go…
“# Nifty News: DJ Paul Oakenfold to launch album on Cardano, NFL confirms NFTs, and more ” Cardano’s daggy dad turns DJ Cardano founder Charles Hoskinson has teamed up with legendary electronic dance music (EDM) DJ Paul Oakenfold to launch a tokenized album on Cardano. Oakenfold is a three-time Grammy Award nominee and his career…
“# Eternal Beings NFT prices plunge after rapper Lil Uzi deletes promo Twitter posts ” The floor price of Eternal Beings NFTs plunged after affiliated celebrity rapper Lil Uzi deleted his promotional posts about the project. The Solana-based NFT project consists of 11,111 computer-generated alien avatar NFTs that feature similar traits to the Lil Uzi,…
“# NFT marketplace Metaplex hires former Google dev as CEO, appoints advisory board ” Nonfungible token (NFT) marketplace Metaplex has hired a new CEO and appointed an advisory board comprising some of crypto’s most influential voices, setting the stage for the continued growth of the Solana-based project. Adam Jeffries, a developer with career stops at…
“# Sports NFT gold rush as projects raise $930 million in a week ” Tokenized sport collectibles projects have raised almost $1 billion in funding in the space of a week. On Sept. 22 Dapper Labs — the firm behind the Flow blockchain and the widely popular tokenized basketball collectibles, NBA TopShot — announced a…
“# Nifty News: Snoop’s $17M NFT collection, movie sold as NFT, QAnon espouser sells tweets ” Hip-hop icon Calvin Cordozar Broadus Jr., also known as Snoop Dogg, has revealed himself to be the pseudonymous NFT collector “Cozomo de’ Medici.” While Snoop has not provided further clarification beyond a Sept. 21 tweet unveiling his digital identity,…
“# CryptoPunks floor price slips below 80 ETH as NFT trading volume deflates by 50% ” The minimum cost to buy a CryptoPunks nonfungible token (NFT) from secondary marketplaces dropped below 80 ETH on Tuesday. Larva Labs reported that the so-called “CryptoPunk 1417,” a pixelated avatar of one of 3840 women created by digital artists…