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“# Axie Infinity virtual land slot sells out for 550 ETH ” In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies, and complete daily…
“# Crypto Thanksgiving: NFT drops and Black Friday deals go mainstream? ” From the rise of the Metaverse to major brands announcing nonfungible token (NFT) drops, cryptocurrency mass adoption is well underway. Americans in particular have taken a growing interest in crypto, as recent findings from the Pew Research Center found that nearly a quarter…
“#Digital land in the metaverse sells for record $2.43M” Virtual real estate is on a tear. A plot of virtual land in the online world known as Decentraland sold this week for a whopping $2.43 million, more than double the previous record set for the price of virtual real estate. Decentraland is a popular online…
“# The Metaverse is a $1T opportunity after users increase 10X: Grayscale report ” Crypto investment giant Grayscale has published a bullish report on the Metaverse, estimating that the “market opportunity” for bringing the Metaverse to the mainstream may be worth over $1 trillion in the next few years. The November report titled “The Metaverse,…
“# Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022 ” Crypto lending firm Celsius Network has expanded its $400 million Series B round from October to $750 million as a result of oversubscription in the firm’s capital raise. The company is now valued at $3.5 billion following the raise and…
“# Animoca to repay users 265 ETH stolen in fake NFT drop Discord hack ” Hong Kong-based gaming and venture capital company Animoca Brands and subsidiary Blowfish Studios have promised users that they will repay 265 ETH (US$1.1 million) stolen in a fraudulent nonfungible token (NFT) sale on D`iscord. The fraudulent minting event occurred at…
“#Collins Dictionary names ‘NFT’ the word of the year” Collins Dictionary announced Wednesday that its Word of the Year is “NFT” — digital assets that exploded in popularity this year along with the rise of cryptocurrencies. The term, which stands for the acronym for “non-fungible token,” has seen a “meteoric” rise in usage this year,…
“# FC Barcelona, Man City canceled crypto deals show cash is not everything ” The sports industry took a hard hit from the coronavirus pandemic. Most leagues got suspended, and then teams played without the audience for an extended period. Sports clubs started to seek out new revenue streams, and the crypto industry arrived to…
“# Nifty News: $2.5M virtual land sale, MetaSoccer raises $2.2M, CryptoDragons get Egg-cited ” Metaverse Group, which is headquartered in Decentraland, announced on Nov. 23 that it had completed what it calls “the largest Metaverse land acquisition in history.” The subsidiary of Tokens.com snapped up 116 parcels of land “in the heart of the Fashion…
“#Love Hultén’s latest synth comes with a 15-inch display that serves as a music-based NFT Visualizer” Collaborating with digital artist Lirona over his latest synth creation, Love Hultén’s latest synth is an audiovisual treat. The MIDI Synth, handcrafted by Hultén, is paired with a 15-inch display that showcases Lirona’s digital work, titled #synthboi. Limited to…