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“# ‘Silent crash’ as price floors collapse across NFT space ” If prices plummet in an illiquid market, how soon before anyone notices? While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can be harder to track. Because of their illiquid nature, gauging the sentiment of the…
“#Lindsay Lohan’s NFT Comeback Single Sells for Over $85,000” Lindsay Lohan’s NFT (non-fungible token) electronic music comeback single sold for $85,484.09. Lohan’s new song is called “Lullaby,” and it features the actress singing over a beat produced by Manuel Riva. The aforementioned song is the first NFT by a woman to be sold on FansForever,…
“# NFTs ‘ten times better’ than traditional art, says Beeple’s $69M NFT buyer ” Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for…
“# ‘Wild west’ as developers MacGyver highly popular NFTs on Cardano ” Despite not yet having functional smart contracts on the layer-one, intrepid Cardano developers have recently hacked together methods to mint bootleg nonfungible tokens. These experiments in hosting unique data on the blockchain are reminiscent of the pre ERC-721 standard era for Ethereum —…
“# Collectibles giant Funko shares surge after acquiring NFT app Tokenwave ” In a flurry of price action reminiscent of 2017 mania, shortly after announcing that they had acquired NFT display and tracking platform Tokenwave, pop-culture collectibles giant Funko’s stock (NYSE: FNKO) rallied over 20%. Unlike many price-pumping announcements heavy on hype and sparse on…
“# Former Apple Music exec joins crypto firm Ledger as head of NFT division ” Apple Music veteran Parker Todd Brooks is leaving the company to join Ledger, one of the biggest providers of cryptocurrency hardware wallets. According to a Friday announcement, Brooks will now head Ledger’s non-fungible token, or NFT, division as the company…
“# Decentraland announces layer-two MANA token transfers, plans for full migration ” Just a day after two decentralized finance powerhouses announced layer-two integrations via the Polygon sidechain, a major nonfungible token and gaming title has today followed suit. In a blog post this morning, NFT-powered virtual world and video game Decentraland announced a token bridge…
“# Ethernity Chain to collaborate with Kenetic to further NFT ecosystem ” Community-oriented non-fungible token platform Ethernity Chain is partnering with Hong Kong-based crypto investment firm Kenetic Capital to expand its ecosystem. According to an announcement today, Kenetic will support the Etherenity Chain network by expanding the development and adoption of blockchain platforms through technology,…
“# NFT investment vehicle set to go public in London ” A non-fungible token investment firm is gearing up to raise 10 million pounds ($13.7 million) by listing on the Aquis Stock Exchange Global Market, reports Reuters. Dubbed NFT Investments, the firm was launched by the co-founders of crypto mining company Argo Blockchain. Described as…
“# Nifty News: Weeknd NFT collection, arm space ads, Takashi Murakami joins revolution ” Musician Adel Tesfaye, better known as The Weeknd, is set to release his first NFT via Nifty Gateway on Saturday. He follows in the footsteps of other musicians such as Kings of Leon, Grimes, Rico Nasty, and Ja Rule who recognize…