New Alfa Romeo SUV uses NFT and blockchain to track car records
Alfa Romeo’s Tonale NFT certifies a car upon purchase and then records and keeps data during the vehicle’s lifespan. Go to Source Powered by WPeMatico
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The Rabbids Invade the Metaverse as The Sandbox Partners With Gaming Giant Ubisoft
On February 8, the subsidiary of Animoca Brands and the decentralized gaming virtual world project, The Sandbox, announced the company has partnered with the French video game company Ubisoft. According to the announcement, Ubisoft will have its own land in the virtual metaverse, and the world will begin by featuring voxelized versions of Rabbids’ characters. … Read more
What is a Yat and why are people paying $425K for emojis?
The creators say that in Web3, your Yat will not only be a universal digital identifier, but it can be used as a URL, wallet address and can be minted on the Ethereum blockchain as a NFT. Go to Source Powered by WPeMatico
Kpop NFTs: Binance and YG partnership will prioritize sustainability
The two companies said that creating eco-friendly NFTs will be one of the primary concerns for future collabs. Go to Source Powered by WPeMatico
Florida Home to Be Sold as an NFT, Decentralized Organization Seeks Bel Air Megamansion
According to a California-based real estate technology company called Propy, a four-bedroom home in Gulfport, Florida, will be tokenized leveraging non-fungible token (NFT) technology and sold for $650K. In addition to the Gulfport home, another blockchain project has launched aiming to purchase The One Bel Air 105,000-square-foot megamansion by creating a decentralized autonomous organization (DAO). … Read more
Report: Chainalysis Detects ‘Significant’ Wash Trading Using NFTs
Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash trading activity involving NFTs. In these operations, some actors effectively sell their assets to themselves, with the intention of increasing the floor price of the NFTs to sell them at a higher price later. However, this … Read more
Sneaker Giant Nike Sues Online Retailer for Selling Unauthorized Nike Shoe NFTs
Nike has filed a lawsuit against an online reseller using unauthorized Nike shoe images in non-fungible tokens (NFTs). “Those unsanctioned products are likely to confuse consumers, create a false association between those products and Nike, and dilute Nike’s famous trademarks,” Nike alleges. Nike Sues Online Retailer Over NFT Sales Sneaker giant Nike filed a lawsuit … Read more
What is Harmony (ONE) blockchain and why it is getting so much traction?
Harmony (ONE) is a new blockchain network that is gaining traction as more developers and crypto investors become aware of its features. Go to Source Powered by WPeMatico
US Treasury Warns NFTs May Present New Illicit Finance Risks
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and more than $80 billion by 2025. NFTs May Present Illicit Finance Risks The U.S. Department of the Treasury announced Friday the release of a “study … Read more
England’s Manchester United Set to Unveil Tezos Blockchain Shirt Sponsorship, Report
Tezos blockchain has reportedly agreed to a training kit sponsorship with Manchester United in a deal that will see the latter receive over $27 million per year. This deal adds to Tezos’ growing list of sports teams it has sponsored since May 2021. Tezos’ Investment in Sports The most successful football club in the English … Read more