Tag: Nonfungible Tokens

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India’s largest crypto exchange launches NFT marketplace after 2,000% token surge

India’s WazirX has launched an NFT marketplace for the exchange of digital assets. The launch comes after a strong month for the exchange’s in-house WRX token. India’s largest cryptocurrency exchange, WazirX, has launched a nonfungible token marketplace for the exchange of digital art, assets, intellectual property and more, reports India’s Economic Times. The launch comes…
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NFTs ‘ten times better’ than traditional art, says Beeple’s $69M NFT buyer

Winner of landmark auction breaks down his investment thesis on NFTs. Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for $69 million dollars…
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Former Apple Music exec joins crypto firm Ledger as head of NFT division

In his new position as Ledger’s vice president of NFTs, Brooks will be responsible for bridging the platform with the artistic community. Apple Music veteran Parker Todd Brooks is leaving the company to join Ledger, one of the biggest providers of cryptocurrency hardware wallets. According to a Friday announcement, Brooks will now head Ledger’s nonfungible…
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NFT investment vehicle set to go public in London

The newly formed investment firm expects to reach a valuation of just under $35 million. A non-fungible token investment firm is gearing up to raise 10 million pounds ($13.7 million) by listing on the Aquis Stock Exchange Global Market, reports Reuters.  Dubbed NFT Investments, the firm was launched by the co-founders of crypto mining company…
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Focus on NFTs and interoperability pushes Icon (ICX), Ark and Axie Infinity higher

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…
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Swiss startup launches tokenized grain trading pilot

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…
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Mobile games developer Tapinator to launch ‘NFT500’ service

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…
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Smells like NFT spirit? Look Labs launches first digital fragrance

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…
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Russia’s Hermitage museum to host NFT art exhibition

The NFT exhibition will be part of the “Hermitage 20/21” project. Russia’s State Hermitage Museum, the second-largest art museum in the world, is preparing to host a digital art exhibition involving non-fungible tokens. Scheduled to take place in 2021, the Hermitage’s NFT project will be Russia’s first exhibition in the field of NFT art, the…
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Double jump.tokyo signs up to layer-two scaling solution for NFTs

The alpha release will launch this month for Gods Unchained, opening up to double jump.tokyo and several other developers. Double jump.tokyo, the developer of popular blockchain game My Crypto Heroes, announced on March 25 that it will use the Immutable X platform to mint and trade nonfungible tokens, or NFTs, across all its games. Immutable…
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