UN approves NFT standards initiative led by Tencent
Chinese entertainment giant Tencent will be collaborating on the project with a number of others, including Alibaba subsidiary Ant Group. Go to Source Powered by WPeMatico
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Luxury Auction House Sotheby’s Plans to Auction 104 Cryptopunks Worth an Estimated $20M
On Tuesday, the British-founded American multinational luxury auction company Sotheby’s, headquartered in New York City, announced the auction house is planning to auction a lot of 104 non-fungible token (NFT) Cryptopunks. The lot of 104 NFTs is predicted to fetch around $20 million to $30 million in USD value, according to Sotheby’s. Sotheby’s ‘Punk It!’ … Read more
Aave Launches Web3, Smart Contracts-Based Social Media Platform Built on Polygon
The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform called the Lens Protocol. According to the team, Lens is a “Web3, smart contracts-based social graph” that is built using the Polygon blockchain. Defi Project Aave Drops the Lens Protocol, Platform’s Intent Is to ‘Empower Creators to Own … Read more
Opensea’s All-Time NFT Sales Volume Crosses $20 Billion
Data indicates the non-fungible token (NFT) marketplace Opensea has crossed $20 billion in all-time sales. The leading NFT marketplace has seen more than 1.2 million traders leverage the platform since the market’s inception in 2017. 1.2 Million Opensea Traders and $20 Billion in Sales Volume Metrics show that the NFT marketplace Opensea has surpassed $20 … Read more
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
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