Non-fungible token (NFT) – DIGIT INFO

NFTs Enrich Gaming Communities, Drive Stronger Engagement, Says Gaming Veteran

DIGIT — Sun, 18 Aug 2024 05:46:05 +0000

According to Luke Paglia, the COO at AGMI Studios, while traditional non-fungible token (NFT) art has lacked real utility, which explains its declining popularity, NFTs still have an important role to play in the gaming industry. To back this assertion, Paglia cites game developers’ use of NFTs “to innovate and bring new forms of value […]

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Ebay’s Web3 Division Reportedly Lays off 30% of Its Employees

DIGIT — Fri, 23 Feb 2024 11:00:53 +0000

Recently, Ebay, the e-commerce behemoth, implemented significant changes within its Web3 division. These changes resulted in a 30% reduction in the division’s workforce and the departure of a pivotal employee. Among those affected by this restructuring is David Moore, the founder of Knownorigin, a marketplace for non-fungible tokens (NFTs), whose post is redundant. Ebay’s Dedication […]

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Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain

DIGIT — Sat, 04 Feb 2023 19:00:13 +0000

During the past two weeks, members of the cryptocurrency community have discussed the non-fungible token (NFT) concept known as Ordinals. Since the 3.96 MB block (#774,628) was mined, there has been a significant increase in Ordinal inscriptions on the Bitcoin blockchain. Ordinal Inscriptions on Bitcoin Blockchain Spark Debate Among Crypto Community The controversial NFT concept […]

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Trump Launches NFT Card Collection — Sweepstake Winners Could Dine or Golf With the 45th President

DIGIT — Thu, 15 Dec 2022 22:30:07 +0000

The former 45th president of the United States, Donald Trump, announced the launch of his new non-fungible token (NFT) trading cards on Dec. 15, 2022. Trump revealed the NFT collection via his Truth Social account and the former president told his fans that the NFTs would “make a great Christmas gift.” Former President Drops the […]

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Topps Sells out Crypto-Themed Garbage Pail Kids ‘Non-Flushable Token’ Cards

DIGIT — Fri, 18 Nov 2022 15:30:00 +0000

Amid the craziness tied to the FTX collapse, the latest Garbage Pail Kids (GPK) non-fungible token (NFT) collection takes aim at the crypto industry, roasting subjects like the LUNA collapse, Bored Ape Yacht Club, and Cryptopunks. Following the release, GPK’s parent company Topps explains on the firm’s NFT marketplace website that the packs of “Non-Flushable […]

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Study: Samsung Named Most Active Investor in Crypto and Blockchain Startups

DIGIT — Mon, 19 Sep 2022 07:00:15 +0000

Between September 2021 and mid-June 2022, Samsung invested in 13 crypto/blockchain companies thus making the South Korean corporation the most active among the top 40 corporations. Google’s parent Alphabet firm, on the other hand, tops the category of top corporations that participated in the biggest funding rounds. 40 Corporations Invest $6 Billion According to the […]

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Advertising Agency Launches Campaign to Free Jailed Egyptian Women With NFT Sales

DIGIT — Wed, 13 Apr 2022 12:30:02 +0000

An advertising agency from the United Arab Emirates (UAE) and a non-governmental organization have launched a campaign that seeks to raise funds for jailed Egyptian women via the sale of non-fungible tokens (NFTs). The funds raised are already being used to pay off their debts, allowing the imprisoned women to leave jail. Raised Funds to […]

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NFT Taskforce Asks Japanese Government to Consider Appointing Web3 Minister

DIGIT — Wed, 06 Apr 2022 09:30:13 +0000

In a recently released white paper, a Japanese non-fungible token (NFT) taskforce has asked the government to consider appointing a government minister whose job it would be to oversee all matters relating to Web3. Building the Support Structure for Japan’s NFT Sector A Japanese NFT policy task force has reportedly told the country’s leaders to […]

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Queen of Pop Becomes a Metaverse Material Girl — Madonna Buys Bored Ape for $564K

DIGIT — Sun, 27 Mar 2022 15:00:53 +0000

The ‘Queen of Pop,’ Madonna has revealed she has “entered the metaverse” after she acquired the non-fungible token (NFT) collectible Bored Ape #4988. According to onchain data, Madonna’s Bored Ape #4988 was purchased for 180 ether or $564K at the time of settlement. Madonna Says She ‘Finally Entered the Metaverse’ Madonna is the latest celebrity […]

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Abu Dhabi Global Market Regulatory Arm Unveils Document Proposing Changes to Virtual Asset Regulations

DIGIT — Thu, 24 Mar 2022 13:30:13 +0000

The Financial Services Regulatory Authority (FSRA), a regulator in the United Arab Emirates (UAE)’s financial center and free zone, the Abu Dhabi Global Market (ADGM), has released a consultation paper that proposes amendments to regulations that govern the use of virtual assets. Regulator Seeks to Amend Requirements for Public Keys A regulator in the Abu […]

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