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NFTs of today aim for some utility to avoid being deemed as security
The NFT world is facing a tough reality check, with a startling 95% of NFT collections deemed utterly worthless, according to a report by dappGambl. These once-hot digital assets have seen their floor prices plummet to zero, signaling a sobering moment for the NFT market. In the past, FOMO (fear of missing out) drove many…
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From gaming and finance to media and retail, NFTs are the Swiss Army knives of the digital world as for the past four years there are over 1,500 patent applications related to NFTs
Diving into the NFT world over the last four years, a study by Marc Baumann, the founder of FiftyOne Ventures, uncovered a whopping 1,500 NFT-related patent applications. This highlights that major brands are actively exploring the possibilities of NFTs and reveals fascinating trends in the Web3 space. These patents aren’t just sitting in dusty archives;…
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A dark overview of NFT price evolution
Remember the NFT frenzy, when ugly cartoon apes were everywhere on the internet? Well, it turns out those non-fungible tokens (NFTs), once hailed as the future of crypto and digital art, have hit rock bottom. A report titled “Dead NFTs: The Evolving Landscape of the NFT Market” by finance and blockchain experts dappGambl delivers the…
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Adoption move: Walmart steps boldly into the Metaverse
Walmart, the retail giant with a substantial physical presence, is boldly stepping into the metaverse. In an intriguing move, the company has filed trademarks signaling its entry into the world of cryptocurrency and NFTs (non-fungible tokens). This isn’t just a random venture; it reflects Walmart’s strategy to connect with consumers in evolving digital spaces. The…
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Hong Kong’s Yacht Club Open House with Bored Apes on Nov 3rd
Get ready to set sail into the cryptic cosmos of the Bored Ape Yacht Club (BAYC). They’re cooking up something special for all you Web3 aficionados and art enthusiasts. It’s called the ‘Yacht Club Open House,’ and it’s hitting the shores of Hong Kong’s iconic Kai Tak Cruise Terminal on November 5. What’s on the…
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Magic Eden and Solana’s Compressed NFTs
Magic Eden, the big shot in the world of NFTs, is diving headfirst into Solana’s compressed NFTs. These aren’t your run-of-the-mill digital collectibles; they’ve got a nifty trick up their sleeves. These cNFTs are like NFTs on a budget, and they’re scaling up faster than you can say “crypto.” So, what’s the deal with these…
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Kutcher and Kunis in hot water over their recent actions and their involvement with Stoner Cats NFTs
Ashton Kutcher and Mila Kunis find themselves in hot water after issuing apologies for their support of convicted rapist Danny Masterson. The celebrity couple recently made headlines for writing character letters on Masterson’s behalf, who was subsequently sentenced to 30 years to life in prison. They’ve since expressed regret for their actions. However, the trouble…
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BNB/BTC SELL signal flashed
BNB/BTC artifact disclosed SELL signal on Mon, 18 Sep 2023, 08:00PM UTC
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Nakamigos giving in to the power and voice of the NFT community
In a plot twist that’s juicier than a daytime soap opera, Nakamigos is rewriting its game plan based on feedback from its die-hard fans. The Nakamigos crew is gearing up to unleash Nakamigos Cloaks NFTs, and they’re throwing in a delightful surprise for their loyal supporters. Picture this: Early Access Mint: It’s like a VIP…
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Why Binance is Dropping Polygon NFTs from Its Platform
Binance, the big crypto exchange, is saying bye-bye to NFTs from the Polygon Network. This is happening less than a year after they said hi to these NFTs. So, what’s the deal? Well, you’ve got until the end of this month to buy, sell, or list your Polygon NFTs on Binance. But if you’re not…