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Prosecutors say former OpenSea exec made free money from NFTs

OpenSea lays off half of its employees amid restructuring plans

In a groundbreaking insider trading case centered around non-fungible tokens (NFTs), a former product manager at OpenSea, Nathaniel Chastain, faces charges of wire fraud and money laundering. Chastain is accused of utilizing confidential information to buy NFTs that he selected to feature on OpenSea’s homepage and then selling them for over $50,000 in illegal profits. […]

Former OpenSea exec’s NFT insider trading trial has started

OpenSea managers trial kicks off in first NFT insider trading

The landmark trial of Nathaniel Chastain, a former OpenSea product manager accused of insider trading in the burgeoning non-fungible token (NFT) market, has begun in Manhattan. Prosecutors allege that Chastain took advantage of confidential information to profit from NFT sales, marking the first criminal insider trading case involving digital assets. The trial’s outcome may have […]

Sandeep Nailwal, Polygon’s co-founder, acquires y00ts 2953 NFT for 30ETH

Sandeep Nailwal

Sandeep Nailwal, the co-founder of Polygon has made headlines in the crypto community with his recent purchase of the highly sought-after y00ts 2953 NFT for a staggering 30ETH. The news has sparked excitement and speculation among NFT collectors and enthusiasts, as Nailwal’s purchase marks a significant milestone in the growing trend of digital ownership and […]

Ticketmaster launches NFT-powered ticket sales platform

Ticketmaster

The world-renowned ticketing company, Ticketmaster, has launched a token-gated ticket sales platform that allows artists to offer unique and exclusive ticketing experiences to their fans using NFT technology. Ticketmaster’s plans The new tool is designed to create stronger connections between artists and fans, giving fans access to special presales, prime seats, exclusive concert experiences, or […]

What’s the future of NFTs – 2023 market outlook

Donald Trump

NFTs, or Non-Fungible Tokens, have exploded in popularity in recent years, with 2021 being a particularly significant year for the market. NFTs are unique digital assets that can be bought, sold, and traded on blockchain networks. These assets can take various forms, such as artwork, music, video, and even virtual real estate. As we look […]

Meta gives up support for Instagram and Facebook NFTs

Meta

Meta’s work with NFTs on Facebook and Instagram is “winding down,” according to the company’s commerce and fintech lead Stephane Kasriel in a Twitter thread. The decision means that in the coming weeks, it will discontinue its tests of minting and selling NFTs on Instagram, as well as the ability to share NFTs on Instagram […]

How will AI reshape the NFT industry?

AI

Technological advancement coupled with Artificial intelligence (AI) has taken over industries in the 21st century. For example, non-Fungible Tokens (NFTs) have exploded in popularity in recent years as a means of buying, selling, and trading unique digital assets such as artwork, music, and videos. As NFTs continue to gain in popularity, the incorporation of Artificial […]

Keanu Reeves praises crypto – Here is what he has to say

Keanu Reeves praises crypto Here is what he has to say

Recently, the actor Keanu Reeves, who is best known for his appearances in The Matrix and John Wick, gave an interview in which he discussed cryptocurrencies, non-fungible tokens (NFTs), and the metaverse. In a recent interview with Wired, Reeves discussed his worries, interests, and engagement with digital art and cryptocurrencies. Wired was the publication that […]

WeTransfer partners with Minima on mobile NFT solution

WeTransfer

The file-sharing startup WeTransfer, founded in 2009, announced its entry into the NFT industry on February 6, 2023. WeTransfer announced a partnership with distributed communications network Minima, a blockchain project slated to launch in March. Using the Minima cooperative technology, users will be able to mint NFTs for peer-to-peer sharing, and creators will be able […]

In pictures: All you need to know about Porsche’s latest NFT collection

Porsche

Luxury brands have continued to offer their services on Web3 as the world has continued to grow digital. Porsche has been one of the leading names in this regard which continued to serve its customers. The company said in a statement in November 2022 that it will ramp up its efforts to ensure that it […]

In pictures: All you need to know about National Geographic’s first NFT series

All you need to know about National Geographic first NFT series

National Geographic is launching its first Non-fungible token (NFT) series to commemorate its 135th anniversary. The documentary channel partners with the Snowcrash NFT platform to debut the collection. National Geographic marked the latest significant entrant into the NFT space. The collection titled ‘GM: Daybreak Around the world’ will today begin its immediate blind sale, whereby […]

NFT marketplace SuperRare says it is laying off 30% of its staff

superrare

The non-fungible token (NFT) marketplace SuperRare has decreased its employees by thirty percent, according to an announcement made by CEO John Crain on January 6. The company is succumbing to the sufferings of a protracted crypto winter that has chilled several market sectors. Crain said that he accepts whole accountability for this blunder and blamed […]

Reviewed: Trump NFTs trading stats and why is it not surprising?

Trump NFTs

Trump NFTs have been the most talked about digital collectibles across that market sector for a while. This is a result of the hype that followed the Donald Trump-owned digital collectibles launch. Aside from Twitter and other social media, the digital arts were also discussed across various TV stations in the US. However, that hype […]

Italy set to spearhead crypto art renaissance; NFT market report 2022

Italy

With its long history, rich culture, and vibrant art, Italy is one of Europe’s cultural centers. A new report claims that Italy is now poised to spur the crypto art Renaissance thanks to its nonfungible token (NFT) market. By the end of 2022, the Italian NFT market is expected to have grown by 47.6%, according […]

OpenSea tweaks policy on NFTs royalties after early criticism

OpenSea tweaks policy on NFTs royalties after early criticism

The leading marketplace for nonfungible tokens OpenSea has announced another slew of changes to its approach revealed in early November toward enforcing viable creator royalties on NFTs projects. This is coming after the marketplace received criticism on that policy, which didn’t sit well with some creators and Web3 builders. OpenSea forms CORI to decentralize its […]

6 projects Binance has partnered with in the last 30 days

Binance

Binance has been at the heart of the cryptocurrency ecosystem for several months. In 2022, the cryptocurrency exchange has followed a drastically different direction. In 2021, the exchange was subject to the whims of financial regulators. One year later, however, the exchange is at the forefront of the industry, having established unmatched standards for other […]

Warner Music Group seals deal with Polygon to release music NFTs

warner

Polygon and Warner Music Group have partnered with e-commerce platform LGND.io In a multi-year web3 music venture that will enable customers to listen to digital vinyl on the go. Even while Polygon is its primary partner, the platform, called LGND Music, will support digital collectibles from any blockchain. According to a press release from the […]

RTFKT and Cryptokicks iRL minting system is revealed

Cryptokicks

The physical world and NFTs are coming closer and closer day by day. With the collaboration of RFTKT NFT and Cryptokicks iRL, the gap between the two worlds has shrunken. The Nike shoes had brought a revolution in the shoe industry with its innovation, and now it is bringing innovation in the crypto market and […]

OpenSea ends 2022 with major partnerships and $1B in NFT royalties

OpenSea

The year has had one of the harshest crypto winters in history. Despite the fact that investors have suffered significant losses, several DeFi sectors have prospered in 2022. The OpenSea NFT market has had exceptional success in the crypto red markets. By the end of the year, BNB Chain will reportedly integrate its non-fungible tokens […]

Meta selects Polygon to mint digital collectables on Instagram

Meta

Meta has set in an early Christmas mode for digital asset creators. For the first time ever, Meta is empowering creators to mint & sell Polygon-powered digital collectibles on & off the Instagram platform. Instagram is planning to develop a variety of non-fungible token (NFT)-related features that will enable creators to mint, display, and sell […]

Burberry and Minecraft collaborate to launch a new collection

minecraft 325652 1280

The world moved from digital to metaverse within a few years and the future belongs to the metaverse. Gaming is one of the few ways to increase its presence in the world and the Burberry and Minecraft partnership is paving the way for this. The director of Channels Innovation Philip Hennche thinks that it is […]

What are Reddit Digital Collectables?

Reddit NFTs 1 2

The digital market is growing with tremendous speed, and many companies are now moving to adopt this new amazing technology. In recent times, the social news website and platform Reddit were in the news for announcing a new project, Collectible Avatars. This was Reddit’s first jump into the NFTs world, and the Polygon Blockchain backs […]

Apple issues new updates and invites doom for NFTs and Web3

Apple

Apple announced guidelines on Monday, October 24, regarding the inclusion of NFTs and other material on crypto trading apps. For the first time, Apple has specified explicit regulations governing the acquisition of non-fungible tokens (NFTs). The Cupertino, California-based corporation has no problem with crypto exchanges or other apps that facilitate the trade of digital tokens […]

Lord of the Rings NFTs to soon grace the Web3 market

Lord of the Rings

Today, Warner Brothers and Content Blockchain pioneer Eluvio announced the launch of the WB Movieverse with The Lord of the Rings. “The Fellowship of the Ring” fans will be able to purchase limited-edition multimedia non-fungible token (NFT) copies of the epic fantasy novel. The Extended Version of “The Fellowship of the Ring” is designed as […]

All you need to know about Soulbound Tokens (SBT)

Soulbound Tokens

Ethereum co-founder Vitalik Buterin released a whitepaper in May that described Decentralised Society (DeSoc) and Soulbound tokens (SBTs) in detail. Every day, the crypto and blockchain ecosystem is experiencing a transformation with new additions, such as Soulbound tokens. The Soulbound Tokens (SBT) concept was proposed by Ethereum cofounder Vitalik Buterin, lawyer Puja Ohlhaver, and economist/social […]

The Best NFT Wallets to Use in 2022

nft wallets

The popularity of NFTs (non-fungible tokens) is steadily on the rise due to an increase in crypto collectibles and real-world businesses onboarding into Web3. NFT wallets are like vaults that store NFTs and can only be accessed with a unique private key linked to your public wallet address. You can authorize transactions such as buying, […]

Can China eliminate copyright infringement in its NFT sector?

China

China has released an announcement stating that authorities in the country will now be going after NFT makers with unauthorized works. This comes after the authorities discovered that most traders are illegally hosting and selling other people’s work as their own. With the new update, traders who host and sell other people’s work without prior […]

Pictures from PUMA’s Metaverse: Limited edition NFTs and exclusive sneakers

PUMA's metaverse

PUMA has shown interest in the growing idea of the metaverse. The company has worked on its idea of metaverse for a while to ensure that it remains relevant in the evolving market. A recent announcement from the company shows that it has launched an immersive experience website for users. PUMA’s metaverse has been named […]

FIFA set to launch NFTs for fans on Algorand, here’s everything you need to know

FIFA

Sports organizations are aware of the customers’ demand for digital collectibles. The trend for purchasing NFTs and digital collectibles has compelled FIFA; the international football body has announced the launch of its NFTs platform. The organization announced that it is all set to take this initiative. The step will bring closer the international football body […]

Tencent will shut down its NFT trading after China regulations

Tencent

Recently, the leading technology company, Tencent, offered its customers the opportunity to sell their NFTs within Huanhe. This comes after the Chinese company suspended its operations due to regulations imposed on it in July. China is waging the most significant battle against cryptocurrencies, managing to ban their total trade since 2021. However, the country in […]

NFT collaterals soar on BendDAO: Is the NFT market about to collapse?

BendDAO

A major liquidation in the NFT market is potential on the horizon. The web3 lending protocol BendDAO is attracting hordes of NFT holders to keep their non-fungible assets as collateral and take ETH loans. Fears of liquidation escalated when a BAYC whale (Bored Ape Yacht Club) borrowed over 10,000 ETH from the platform. Currently, there […]

Tiffany & Co. announces CryptoPunk pendants

Tiffany

Though the market has remained bearish as the investments have decreased, there has been a rush from luxury brands towards investments. Various names have joined the club and have plans to expand their presence further. Tiffany & Co. is the latest addition to the luxury brands that have decided to go for the sale of […]

Yuga Labs wary of targeted hacks

Yuga Labs

Yuga Labs, the famous company behind BAYC, has cried out to traders about targeted attacks at some NFTs. A statement released by the company’s account mentioned that they have been watching some hackers over the last few weeks. The company mentioned that the hackers are trying to use several compromised accounts to target users. The […]

NFL announces commemorative tickets as NFTs for the 2022 season

NFL

NFTs have continued to claim ground as their demand has been growing. These changes have forced various big names to get into it. The recent big name announced the use of NFTs in the NFL (National Football League), which plans to use NFTs during the 2022 game season. These changes resulted from the increased adoption […]

Shanghai includes blockchain, Web 3, and NFTs in the 5-year plan

Shanghai

Various countries and governments have remained friendly towards crypto, creating a favorable environment. One is the Shanghai government, aware of the need for these developments. It has ensured that its citizens remain abreast of the developments compared to the rest of the world. It has adhered to the development principles and provides opportunities for its […]

Polygon Matic has the potential to hit a new ATH

Polygon Matic

A favorable chart was recently shown for Polygon Matic and Brise companies due to the rise in their shares. Crypto experts believe that Matic, an acronym for the Polygon token, could break the 7-cent-a-coin barrier. On the other hand, Bitgert could reach a much higher price even though its chart is currently losing. The crypto […]

Binance Collaborates With Football Star Cristiano Ronaldo in a new NFT deal

cr7xbianance

Cristiano Ronaldo, a famous Portuguese footballer has established an exclusive non-fungible token (NFT) collaboration With cryptocurrency exchange Binance. Binance made the multi-year arrangement public On Thursday. As part of the agreement, Ronaldo and Binance will produce a number of NFT collections for the company’s marketplace. According to reports, the first collection will be made accessible […]

WeChat set to ban crypto-related accounts

WeChat

WeChat, a messaging application out of China, has just announced a ban on user accounts that provide access to digital assets. According to the update, the platform recently updated its policies to accommodate the new law, covering accounts that collect digital arts. In the new rule, accounts that carry out such activities will be suspended […]

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