FC Barcelona, Man City canceled crypto deals show cash is not everything
The sports industry should heed the warning signs as they adopt emerging blockchain technologies such as NFTs, experts warn. Go to Source Powered by WPeMatico
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Socialite Paris Hilton Backs $20 Million Strategic Investment in NFT Protocol Origyn
The non-fungible token (NFT) project the Origyn Foundation announced on Tuesday the team received a strategic investment of $20 million from a myriad of investors. Hilton hotel heiress Paris Hilton participated in the funding round alongside firms like Polychain Capital and Table Management. Origyn Foundation Secures $20 Million NFT marketplaces and web platforms have seen … Read more
Monthly NFT Metrics Dive Bomb, NFT Sales Measured in USD Slip 16%
Non-fungible token (NFT) sales have dropped considerably during the last month as cryptocurrency values have seen significant losses in recent times. NFT sales saw a quick spike when a number of crypto assets neared all-time price highs in mid-November, but sales quickly plummeted back down following the crypto market downturn. A Number of NFT Sales … Read more
Sandbox token SAND rallies 260% in November ahead of play-to-earn metaverse launch
Nevertheless, signs of bearish divergence between SAND’s price and momentum may hamper its ongoing upside momentum. Go to Source Powered by WPeMatico
NFT music marketplace Royal raises $55M in Series A round
Main investors include VC giant Andreessen Horowitz, in addition to musical artists The Chainsmokers, Nas, and Disclosure. Go to Source Powered by WPeMatico
Gaming crypto GALA rallies nearly 350% in November — Correction ahead?
The incredible price rally appeared in line with a bull run across gaming and metaverse tokens. Go to Source Powered by WPeMatico
Socialite and Model Alexis Ren Doesn’t Trust the Dollar Economy, Says Crypto Is a Viable Alternative
The American social media personality and model, Alexis Ren believes the fiat economy is “collapsing” and recently she told the press she thinks cryptocurrencies offer a viable alternative. In a recent interview, Ren explained her interest in crypto is fueled by the socialite’s reservations in the dollar-based economy. Alexis Ren: ‘The Economic Structure We Have … Read more
Quentin Tarantino Sued for an Upcoming Auction of Pulp Fiction NFTs
Quentin Tarantino, the acclaimed film director, is being sued by Miramax, a Hollywood film producer and distributing company, due to the auction of a series of NFTs related to “Pulp Fiction,” one of the director’s most popular films. The conflict lies in the interpretation that Miramax makes from the initial contract between the parts, arguing … Read more
Kucoin Labs Launches $100 Million Metaverse Investment Fund
Kucoin Labs, the investigative and investment arm of Kucoin, a cryptocurrency exchange, has launched a $100 million fund to incubate early metaverse related projects. These include blockchain gaming initiatives, NFT platforms, and decentralized platforms, among others. The support will also include direct involvement with the projects selected, including counseling about branding and marketing. Kucoin Invests … Read more
Xbox Boss Phil Spencer Addresses Rise of NFT Gaming; Feels Some of It Is “Exploitive”
Phil Spencer, executive vice president of gaming at Microsoft and the individual responsible for the Xbox program, has addressed the NFT gaming phenomenon trending recently. To Spencer, some of the platforms that leverage the use of NFTs feel more exploitive than entertaining. Some of the biggest developers and publishers in the gaming industry have already … Read more