The move comes after the company increased its net profits by over ten-fold in the last quarter. Galaxy Digital, a cryptocurrency brokerage and merchant bank founded by billionaire investor Michael Novogratz, announced on Monday that it would be issuing $500 million in exchangeable senior notes to accelerate business initiatives. The debt is convertible into company…
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While non-fungibe token (NFT) collectibles have been very popular, NFTs have brought a slew of unique debates to the table and one of them has been censorship. The artist behind Stonetoss Comics, a series of political cartoons, has been censored by two very prominent NFT marketplaces — Opensea and Rarible. Stonetoss has told the public…
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The German multinational shoe and sportswear corporation Adidas recently announced the company has partnered with the cryptocurrency exchange Coinbase. Two days prior, The Sandbox tweeted about the popular shoe company and showed a video clip of Adidas real estate in the Sandbox metaverse. Metaverse Is an ‘Interesting Platform for Adidas’ According to a recent statement…
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Nigerian artist Davido has launched a fan token, the Echoke Social Token, that he says gives “power” to his millions of fans. Eliminating the Middlemen A Nigerian pop artist and celebrity, Davido, recently announced the launch of his fan token, the Echoke Social Token, via his Instagram account. According to Davido’s Instagram post, this token…
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A blend of contemporary popular culture, nostalgia, and empowerment will be the main themes of the NFT exhibit. Nonfungible tokens, or NFTs, are certificates of ownership representing digital artwork, music, videos, audio, memorabilia, and more. They have rapidly gained in popularity over the past year for their ability to enable everyday artists to create and…
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Following the non-fungible token (NFT) platform supporting Flow-based NFT collectibles, NFT marketplace Rarible has launched a direct messaging feature that gives creators the ability to connect with fans via the user’s wallet address. Rarible Reveals Messenger Tool via Internal NFT Marketplace, Standalone Rarible Messenger to Follow The NFT marketplace Rarible is the seventh-largest NFT platform…
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According to the game’s developers, it’s the largest sum ever paid for virtual real estate. In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies,…
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According to a new report from Grayscale, the rate of active Metaverse users increased by 10X between the start of 2020 and June 2021. Crypto investment giant Grayscale has published a bullish report on the Metaverse, estimating that the “market opportunity” for bringing the Metaverse to the mainstream may be worth over $1 trillion in…
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A play-to-earn (P2E) blockchain gaming guild has raised $18 million in a Series A financing round according to an announcement on Wednesday. Avocado Guild detailed that the firm raised the funds from investors such as Animoca Brands, Goldentree Asset Management, Three Arrows Capital, and Solana Ventures. P2E Organization Avocado Guild Raises $18 Million From Strategic…
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Introducing the EIP NFTs. Only authors of finalized Ethereum Improvement Proposals can mint these new NFTs that represent their contributions to Ethereum as a whole. This is a way to, not only recognize, but retroactively fund the work of the developers and philosophers that make the Ethereum ecosystem what it is. How will the market…
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