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“#NFT sales reach nearly $900M in record-breaking month” NFT mania is roaring back — and the one-of-a-kind digital collectibles are selling for more money than ever. A total of $897 million in NFT sales were recorded during the 30 days ended Aug. 18, according to the most recently available data from the NFT tracking site…
“# 3LAU introduces blockchain music platform Royal with $16M raise ” Electronic dance music producer and DJ Justin Blau, better known by his stage name 3LAU, has officially announced the launch of a blockchain-based music investment platform Royal. The announcement comes in conjunction with the platform raising $16 million in a seed funding round led…
“# Capturing lost intellectual property revenues with blockchain ” The transition to a more digitalized society based on an information economy has created intense pressure for companies to rethink their intellectual property (IP) management. Intangible assets can represent more than 80% of the value in a firm’s balance sheet, and intellectual property in the United…
“# Forget Lambos, NFTs are the new crypto status symbol ” Not so many years ago, Lamborghinis were the main “flex” for crypto “moon-boys” as token prices reached astronomic valuations. Several high-profile cryptocurrency proponents made it a habit of arriving at conferences behind the wheels of exotic supercars and “when Lambo” was a popular refrain…
“# Nifty News: Vogue tokenizes magazine covers, autographed Tesla and more… ” NFTs are in Vogue Readers of high-end fashion magazine Vogue Singapore will be able to fight for a chance to purchase two tokenized front cover images. The front cover of Vogue’s September issue will feature QR codes allowing readers to sign up for…
“# Fox Corporation backs Eluvio’s $100M raise as part of its content plan for NFTs ” U.S. mass media company Fox Corporation has made a strategic investment in digital content management firm Eluvio to help develop Fox’s nonfungible token business. An announcement on Aug. 25 reported that Fox Corporation’s investment marks the completion of Eluvio’s…
“# DeFi TVL hits a record $157B as Ethereum competitors attract investors ” Altcoins and DeFi tokens have been on a tear for the last two weeks and as the end of August approaches many projects are seeing their tokens reach for new all-time highs. Data shows that a majority of the top-10 DeFi tokens…
“#Someone actually paid $1.3M for an NFT cartoon rock” The NFT trend has reached rock bottom. On Monday night, an anonymous buyer purchased a computer-based illustration of a rock with 400 ethererum (ETH), a cryptocurrency with the current equivalent value of over $1.3 million. The geologic doodle, supplied from the free clipart website goodfreephotos.com, is…
“# Budweiser uses $120K to purchase ‘fan art’ NFT and Beer.eth domain ” Budweiser, a subsidiary of Anheuser-Busch InBev, appears to have unofficially sanctioned a piece of nonfungible token, or NFT, art after purchasing it for use on its Twitter profile. According to records from the OpenSea marketplace, the beer producer purchased a Budweiser-branded rocketship…
“# Traders pile into altcoins after Bitcoin price bounces at a key support ” The wider crypto market has a wait-and-see feel to it on Aug. 25 as the price of Bitcoin (BTC) dipped to $47,360 before rebounding off the lower support of the ascending channel to reclaim the $48,000 level. Despite the swift turnaround,…