Projects focused on NFTs and cross-chain transactions continue to undergo explosive rallies as investors sharpen their focus on the sector. High levels of excitement continue to surround all things nonfungible token (NFT)-related as nonfungible art, collectibles and new business models built on the nascent sector attract a diverse array of investors. In addition to the…
Read more
Amid the expanding nonfungible token metaverse, Enjin is set to debut the first-ever NFT blockchain built on Polkadot. Crypto exchange platform Crypto.com has reportedly led an $18.9 million private funding round for Enjin’s new NFT blockchain platform. Enjin announced the news on Wednesday with DFG Group, BlockTower and Arrington XRP Capital among other investors in…
Read more
Tokenization of real-world commodities could drastically reduce trading costs, says one Swiss startup as it pilots a new non-fungible token system. A Swiss agricultural startup has piloted the use of a non-fungible token for cutting down the costs of trading grain. The system implemented by Swiss firm Cerealia SA sees the tokens reportedly backed by…
Read more
Basketball legend Michael Jordan and Hollywood icon Will Smith are among a group of investors in Dapper Lab’s latest funding round. NBA Top Shot maker Dapper Labs has secured about $305 million in new funding round from investors. According to a report by Business Insider on Tuesday, past and present NBA stars like Michael Jordan,…
Read more
NFT500 will be a subscription casting service that will put NFTs on physical display, allowing users to display their favorite digital art rather than buy it outright. Tapinator, a publicly-traded mobile games publisher based in New York City, has announced plans to launch a new subscription casting service focused on nonfungible tokens, or NFTs, highlighting…
Read more
The top two NFT marketplaces, OpenSea and Rarible, differ considerably in daily transaction volume. Covalent’s latest findings in Cointelegraph Consulting’s biweekly newsletter indicate that the nonfungible token, or NFT, market has whales of its own. The largest user on OpenSea makes up $192 million in reserve capital, while the other users in the top 20%…
Read more
NFT “rug pulls” can be a serious risk when the file is stored on a centralized platform. Aleph.im, a decentralized filesharing platform, has launched a decentralized application, or DApp, that lets users automatically back up the data underlying their nonfungible tokens, or NFTs, on a censorship-resistant, decentralized network. The concept of NFTs has generated considerable…
Read more
“Everyone’s making so much money — can you please explain what’s an NFT?” asked Pete Davidson’s Eminem. The craze behind non-fungible tokens, or NFTs, has seemingly reached peak parody after NBC’s famed Saturday Night Live sketch comedy featured it in a skit with United States Treasury Secretary “Janet Yellen.” In last night’s show hosted by…
Read more
An NFT version of Cyber Eau De Parfume is now available for auction on Rarible. The NFT was designed in collaboration with Montreal-based artist Sean Caruso. Look Labs, a contemporary beauty and lifestyle studio founded in Berlin, Germany, has launched the first digital fragrance encoded into a non-fungible token, or NFT, offering further evidence that…
Read more
New partnerships, the growing popularity of NFT art and the upcoming launch of JumpNet are just a few reasons why Enjin has rallied more than 800%. Nonfungible tokens (NFTs) have taken the world by storm as stories of record-breaking digital art sales now regularly appear on mainstream news outlets and popular culture. One project that…
Read more
