In the last year and nine months since December 2022, more than 75 million Ordinal inscriptions have been minted on the Bitcoin blockchain, according to the latest statistics. This technology has given Bitcoin a new role in the world of digital collectibles. Today, Bitcoin stands as the third-largest blockchain by non-fungible token (NFT) sales, carving…
UNKJD Soccer, a popular Web3 sports mobile game, has announced a new collaboration with global sportswear brand Puma. The partnership will bring Pumaâs iconic designs and content to the game, offering players new characters, skins, and exclusive tournaments. UNKJD Soccer Introduces Puma-Inspired Characters and Skins in New Partnership According to the announcement shared with Bitcoin.com…
Chinese authorities’ recent actions to define crypto as a money laundering tool could influence the performance of its billion-dollar gaming industry. SCMP’s Hugh Harsono argues that these measures may affect games like Metacene, which has introduced cryptocurrencies as in-game currency. In addition, games that include play-to-earn components and non-fungible tokens (NFTs) could also be impacted…
The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges…
After former President Donald Trump and his family introduced World Liberty Financial (WLF) during an X Spaces interview, meme coins inspired by Trump have enjoyed a notable rise in value over the past 24 hours when compared to the U.S. dollar. Political Meme Coins Surge After Trump Slams Kamala Harris, Praises Crypto On Tuesday, Sept….
The Tron (TRX) blockchain has recently recorded notable success from the Sun Pump memecoin launchpad. However, users on the platform have been told to anticipate additional activities this week that could leave a significant impact. In a post on X to community members, Justin Sun, Tronâs co-founder, highlighted six exciting things to watch out for….
Regina never thought sheâd be writing about games again, let alone Web3 games. But she was given the opportunity to lead a new recurring Web3 gaming segment. She is live streaming her adventure For her first game, Regina became fully immersed in the world of Spellborne â a Web3 game that has reignited her love…
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions…
Shibarium has reached yet another milestone after the closed beta participants of Shiba Eternity minted 140k NFTs. This achievement also demonstrates the platformâs efficacy and capability, as only 800 BONE tokens were spent for the gas fees. Evidently, Shibarium is cheap when it comes to transactions. As a result, it implies something noteworthy about large-scale…
After a dip in August, the first week of September didn’t bring much sunshine to the world of non-fungible tokens (NFTs). Sales slid by 7.69% over the seven-day period. The total number of NFT transactions was just over 1 million, which is a notable 36.93% drop from the previous week. September NFT Sales Struggle With…
Luis Oscar Ramirez, founder and CEO of Mawari, believes the idea that artificial intelligence (AI) has contributed to the decline in metaverse interest and investment is misguided. Instead, Ramirez said he sees AI as a powerful catalyst for metaverse innovation, enhancing user experiences and making digital interactions more natural, intuitive, and engaging. Metaverse, NFT Decline…
A recent survey coming from NFT Evening suggests that the NFT market is facing severe recession with more than 96% of the NFTs considered âdead.â In the last four years, the NFT market has experienced both boom and bust cycles, and now faces a period of major instability. NFT Holders Facing Major Losses NFT Evening…
96% of NFTs are considered dead, signaling a major downturn in the market. The average lifespan of an NFT is now just 1.14 years, far shorter than expected. According to an NFT Evening research report, the NFT market is experiencing an alarming decline, with 96% of NFTs now considered “dead.” This designation pertains to NFTs…
September 3, 2024 at 04:00 AM GST updated: September 3, 2024 at 01:21 AM 2 mins read News Tron plans to reduce gas fees which may help increase meme token and NFT demand. Reduced transaction costs could mean more users and developers gravitating towards the platform. Lowered fees could potentially lead to creativity in meme…
Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales falling by 41.36%. NFT Market Struggles: August Sales Plunge 41.36% After July’s Decline According to cryptoslam.io metrics, NFT sales in August tallied up to approximately…
While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased This past week, NFT sales were rather…
August 30, 2024 at 03:45 AM GST updated: August 30, 2024 at 12:03 AM 2 mins read News Ripple CLO cites 1976 SEC ruling to defend NFTs as non-securities in the OpenSea case. OpenSea receives Wells Notice from SEC, signaling possible securities classification for NFTs. SEC criticized for âregulation by enforcement,â impacting innovation in digital…
Former US President Donald Trumpâs fourth NFT collection has generated over 22,000 transfers on the Polygon network, translating to more than $2 million in sales, according to on-chain data. This level of interest is noteworthy, mainly since these NFTs cannot be sold on secondary markets until Jan. 31, 2025. However, this performance starkly contrasts his…
OpenSea, the prominent NFT marketplace, has received a Wells notice from the SEC, suggesting that the agency suspects OpenSea of violating federal securities laws by facilitating the sale of NFTs that may qualify as securities. This action has raised worries regarding the possibility of implementing more extensive controls inside the NFT business. Devin Finzer, the…
On August 28, OpenSea, the largest NFT marketplace, launched a $5 million legal defense fund. This follows the receipt of a Wells notice from the US Securities Exchange Commission (SEC). The SEC believes that some of the NFTs listed on its platform may be securities. OpenSea wants to offer its community of artists and developers protection…
Former U.S. President Donald Trump has released a fourth series of non-fungible token (NFT) digital trading cards. The collection includes 50 unique cards, featuring images such as Trump holding bitcoin. Collectors may receive a physical trading card containing a piece of a suit worn during the presidential debate with Joe Biden and could be invited…
The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it could negatively impact innovation and creators’ livelihoods. The platform is prepared to contest the action and has committed $5 million to support NFT creators facing…
August 29, 2024 at 01:15 AM GST updated: August 28, 2024 at 11:12 PM 2 mins read News OpenSea receives a Wells Notice from the SEC, indicating a potential lawsuit over NFTs as securities. OpenSea sets up $5M legal defense fund for creators amid SEC securities classification dispute. SECâs past actions include hefty fines on…
August 23, 2024 at 07:15 AM GST updated: August 23, 2024 at 12:17 AM 2 mins read News Fractional.art enables broader NFT ownership by dividing high-value assets into smaller, tradable fractions. Unic.ly combines NFT and DeFi, allowing users to fractionalize and trade collections with added community governance. NIFTEX focuses on liquidity and seamless trading, making…