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“# The NFT bubble may have popped, but the sector is still primed for expansion ” Nonfungible tokens (NFTs) took the world by storm in March and April of this year with an onslaught of daily headlines about record-breaking sales and big-name companies dropping their own one-of-a-kind digital art pieces dominating the mainstream media. Fast…
“# Online marketplace eBay to allow NFT sales ” Online marketplace eBay has introduced auctions for nonfungible tokens, or NFTs, to its platform. According to a Reuters report, eBay users who meet certain criteria on the platform will be permitted to list NFTs. The company added that it would expand its policies and tools surrounding…
“# Mass adoption looms as South America’s second-largest company accepts crypto payments ” On April 28, MercadoLibre (MELI), the largest Latin American online marketplace, launched a real estate section dedicated to cryptocurrencies. Although the company does not settle property transactions directly, it legitimizes the category as a payment system. The $81 billion retailer is the…
“# Hollywood elite will receive NFTs in recognition of upcoming awards ceremony ” A project will be distributing nonfungible tokens, or NFTs, in the gift bags of 25 actors, actresses, and directors nominated for their roles in feature films. According to Nomine(eth), a project formed in partnership with online marketplace Rarible, Metaversal, and AdVenture Media,…
“# Blockchain-based renewable energy marketplaces gain traction in 2021 ” Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to…
“# Indian crypto users suspect Flipkart’s Bitcoin announcement is an April Fools joke ” Flipkart, India’s largest e-commerce company by sales, has said it will be accepting Bitcoin payments in what many suspect is an April Fools’ Day prank. In an announcement on Twitter today at 11:30 PM India Standard Time, Flipkart said it would…
“# Andreessen Horowitz leads $23M round for NFT marketplace OpenSea ” OpenSea, one of the largest digital collectible marketplaces, has secured backing from venture capital firm Andreessen Horowitz, or a16z, and others in a new funding round. According to Andreessen Horowitz, the firm is leading a $23 million Series A round for OpenSea alongside a16z’s…
“# NFTPs hitting bottom? Charmin joins in on the latest crypto craze ” The non-fungible token market isn’t limited to digital sports collectibles and art connoisseurs — big brand names are getting in on the action too. Toilet paper manufacturer Charmin listed five different versions of its non-fungible toilet paper, or NFTP, for sale on…
“# NFT bonanza sends Chromia (CHR), Rarible (RARI) and Lukso (LYXE) price higher ” Nonfungible tokens (NFT) have risen in popularity over the past couple of months as stories of record-setting multi-million dollar auction sales begin to emerge on a daily basis. While projects like Cryptokitties, Axie Infinity (AXS) and Aavegotchi (GHST) are some of…
“# Top 3 NFT brands sales grew 381% in February ” NFTs had their best month ever in February, according to a report by DApp statistics trackers at DappRadar. Sales volume from the top three platforms grew to $342 million in February, up almost 400% from the $71 million recorded the month before. Sports memorabilia…