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“# Wear-to-earn NFTs target the billion-dollar fashion industry ” The rise of the Metaverse and Web 3.0 are set to disrupt multiple sectors including the billion-dollar global fashion industry. As the world moves from physical to digital, traditional fashion design can transform into virtual wearables that can be leveraged in both augmented reality (AR) and…
“# China’s central bank proposes to monitor metaverse and NFTs ” China’s crackdown on crypto is expanding into the metaverse and nonfungible tokens (NFTs), an executive at the People’s Bank of China (PBoC) recently implied. Speaking at a national financial security summit, Gou Wenjun, the director of the Anti-Money Laundering (AML) unit at the PBoC,…
“# NFT game Guild of Guardians raises $5.3M, token sale oversubscribed 82X ” Upcoming NFT based mobile role-playing game Guild of Guardians has sold out two tranches of its native token (GEMS) totaling $5.3 million. The token sale, held on Coinlist on Nov. 30 was oversubscribed 82 times, with around 808,000 users registering. More than…
“# Imprisoned Silk Road founder causes a stir with NFT drop ” Ross Ulbricht, founder of defunct dark web marketplace Silk Road, has created a stir by announcing he will auction off his series of nonfungible tokens (NFT) starting Dec. 2. The imprisoned early Bitcoin adopter announced via his supporter operated Twitter account on Dec….
“# Borderless Capital launches half billion dollar fund for Algorand projects ” Capital venture firm Borderless Capital has launched a fund worth $500 million to support projects building on the Algorand blockchain. According to a Nov. 30 announcement from the Miami-based company, the Borderless ALGO Fund II will aim to back digital assets powering the…
“# UAE issues first NFT stamps in the Middle East ” The United Arab Emirates’ postal operator is issuing nonfungible token (NFT) stamps to commemorate the federation’s 50th National Day, offering further evidence that digital collectibles are gaining mainstream appeal globally. Emirates Post Group, or EPG for short, announced this week that it has become…
“# SHIB, RGT and AMPL shake off Fed taper comments by notching double-digit gains ” Volatility reared its ugly head for a second day after growing fear of the new Omicron Covid-19 variant and the Federal Reserve’s admission that an earlier than expected adjustment to its bond buying program continue to impact global stock markets….
“# NFT sales aim for a $17.7B record in 2021: Report by Cointelegraph Research ” In 2010, if someone had told you that Internet memes, digital artwork and Twitter avatars would sell for hundreds of thousands of dollars, would you have believed them? Well, these are nonfungible tokens, or NFTs, in a nutshell. NFTs are…
“# 3D metaverse marketplace MetaMundo aims for 2022 launch with new funding ” MetaMundo, a virtual nonfungible token (NFT) marketplace focused on the metaverse, has announced the completion of a seed funding round of $2.7 million. Led by Animoca Brands, MetaMundo’s debut funding further included Hypersphere Ventures, Digital Currency Group, OP Crypto, Metacartel Ventures, and…
“# Snoop drops ‘Decentralized Dogg’ NFT like it’s hot ” Hip-hop legend Snoop Dogg has debuted his first nonfungible token (NFT) collaboration with artist Ryan Colditz (Coldie) in the final release of the Decentral Eyes Portrait Series. The “Decentralized Dogg” NFT was minted on SuperRare on Nov 29 at 7:15 PM UTC and will be…