Non-fungible tokens (NFTs) are poised to become “critical pieces of the sports technology infrastructure,” PricewaterhouseCoopers LLP (PwC), a multinational professional services network that offers business advisory services, said in its latest report. Titled ‘Sports Outlook 2022,’ the report dives into the potential of NFTs within the sports industry, arguing that digital assets are among…
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The Ukrainian deputy minister of digital transformation, Alex Bornyakov, confirmed that the government will be launching a non-fungible token (NFT) collection, as a historical account of the atrocities currently happening in the country, attacked by Russia. The Guardian has quoted Bornyakov as saying that, The NFT collection would be “like a museum of the…
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Over the last year, celebrities have been dabbling in non-fungible token (NFT) collectibles and a few of their purchases have brought them attention. For instance, a number of socialites, luminaries, big-name personalities, and today’s top brass have purchased NFTs from the Bored Ape Yacht Club (BAYC) collection. While they paid a pretty penny in ethereum…
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The evolution of technology means that even the Internet itself will continue to evolve. From Web 1.0 to Web 2.0, we are now just getting started on the next iteration of the Internet – Web 3.0. But even in its development stages, Web 3 already has some security challenges that hackers are taking advantage…
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Non-fungible token (NFT) art projects made in support of Ukraine have seen a surge in interest lately, with many artists both in Ukraine and elsewhere jumping on the chance to contribute to the cause. To help readers get an overview of the many projects that now exists where proceeds go to support Ukrainian people…
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Payments giant Stripe has launched support for cryptoassets and non-fungible tokens (NFTs), while crypto exchange FTX and its US arm also signed with Stripe for payments and know-your-customer (KYC) services. Stripe co-founder John Collison announced that: “Stripe now supports crypto businesses: exchanges, on-ramps, wallets, and NFT marketplaces. Not just pay-ins but payouts, KYC and…
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The e-commerce heavyweight eBay has claimed that it is exploring the option of adding “new forms of payment” and will launch a digital wallet in the second quarter of the financial year – but has stopped short of announcing any crypto pay-related developments. Meanwhile, the company also made note of coming “fractionalization”, which may…
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Three Ukrainian news outlets have partnered with Vault, a non-fungible token (NFT) platform, to offer exclusive content from within the country but behind an NFT paywall, requiring those interested to buy an “NFT key” in order to gain access. The three outlets are Ukrainska Pravda, Novoye Vremya, and NGO broadcaster Hromadske, which have seen…
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Ethereum (ETH)’s price went up today along with most other cryptoassets after what has been a month of sluggish performance against bitcoin (BTC), and a prolonged period of falling interest in decentralized finance (DeFi) and non-fungible tokens (NFTs). As of Wednesday at 12:55 UTC, ETH traded at USD 2,750, up 6.9% for the past…
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Ukraine’s deputy minister of digital transformation Alex Bornyakov has noted crypto’s efficiency, stating that blockchain clearing and settlements are conducted in near real-time, which enabled the country to deliver a “very quick” response. Bornyakov detailed that by leveraging crypto’s instant payment settlements, the country was able to purchase military-grade rations, bulletproof vests, and other…
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