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NFTs

NFT News

Infobip Enters the Fashion Industry With an NFT Clothing Line on...

You could be thinking that every tech company has extra t-shirts and sweatshirts and is far from innovative. Why is Infobip different from other companies?

Twitter Users Will Soon Be Able To Buy...

Twitter is testing a NFT feature that will allow users to buy, sell and trade digital collectibles via tweets. The feature which currently supports NFTs minted Flow, Ethereum, Solana, Tezos, Polygon and ImmutableX will add support for other blockchains and marketplaces in the future.

LooksRare Switches NFT Marketplace To Optional Royalties Model

One of the world’s largest NFT marketplaces is moving to the Optional Royalties model. LooksRare will give users the option to choose to pay royalty charges and allocate 25% of its protocol fees as royalties to artists and collections.

Swiss Crypto Bank ‘SEBA’ Will Custody Blue-Chip Ethereum...

The Swiss-based fintech has launched a custody solution for NFTs like CryptoPunks and Bored Apes. SEBA Bank is the first financial institution in Switzerland to receive regulatory license to custody digital assets.

Reddit NFTs Surge In Value As Collectibles Were...

Trading volume of Reddit’s NFT collectibles are surging as the company reveals over 3 million wallets were created to purchase more than 2.9 million digital avatars. The collectibles with a total valuation of $100 million, has grossed over $6 million in market sales to date.

OpenSea Revises NFT Ranking Protocol Following Community Feedback

OpenSea introduced a protocol to rank NFTs based on their unique attributes in September. Now the NFT marketplace has decided to revise its ranking protocol after community members pointed out issues surrounding the feature.

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METAVERSE

METAVERSE

Meta’s Reality Labs Looses $3.6 Billion In Q3

Meta continues to return losses from its biggest bet ever. In its Q3 earnings report, the company’s metaverse division reported a loss of $3.6 billion, its highest ever in a single quarter, bringing its grand total in losses this year to a staggering $10 billion.

Norway Government Opens Public Information Center In The...

Norway’s public registry center is collaborating with global accounting firm Ernst & Young (EY) to open an office in the metaverse. Through its virtual office, the government agency aims to educate the younger generation about tax laws, business development and cryptocurrencies.

Metaverse Will Replace Smartphones By 2030, Says Nokia

Nokia believes that by 2030, smartphones will be replaced by the metaverse as the primary form of communication between people. The company says that as metaverse platforms add more use cases, there will be increased demand which will lead to more affordable AR and VR devices flooding the market.

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Gaming

Gaming

Merit Circle DAO Votes To Reduce Total Token Supply

DeFi gaming platform Merit Circle has voted to burn $170 million worth of its native MC tokens. The tokens being taken off the total supply were set aside as rewards for gamers and were deemed as having no utility.

Web3 Gaming Platform Oasys To Debut Mainnet Ahead...

Crypto gaming platform Oasys is preparing to launch its mainnet in three phases ahead of public token listing. The gaming company is backed by big names in the industry including SEGA, Ubisoft, Yield Guild Games and Square Enix.

Blockchain Gaming Platform ‘Stardust’ Raises $30 million

The gaming platform aiming to become the standard framework for building blockchain-based games has raised $30 million in a Series A funding round. Crypto gaming and NFT projects are now considered a top priority investment sector by venture capitalists.

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Blockchain

Blockchain

Hungary And Thailand Partner To Develop Blockchain Technologies For Financial Sector

The Blockchain Coalition of Hungary and Thai Fintech Association have signed an agreement to cooperate on developing blockchain technology to power their respective financial industries.

Cosmos Community To Vote On The Network’s New...

The Cosmos community is expected to vote on governance proposals made by developers to bring forward changes to its ecosystem. The proposal includes changes to the interoperable blockchain’s security mechanism and native asset – ATOM.

Blockchain Association Files Amicus Curiae In Ripple Case

The Washington-based crypto advocacy group has requested to file a brief in the court battle between Ripple Labs and the Securities and Exchange Commission (SEC). With its amicus curiae brief, Blockchain Association seeks to give the court a context on how the SEC ruling could affect the crypto industry.

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Cryptocurrency

Blockchain

Binance Will Assist Elon Musk In Fighting Twitter Bots

Crypto exchange Binance, an equity investor in Elon Musk’s $44 billion deal to purchase Twitter, has announced the formation of an internal team that will utilize blockchain technology to fight bots on the platform. The billionaire CEO of Tesla Motors who purchased the social media company last week, had previously complained about bots and fake accounts.

Matter Labs Releases zkSync 2.0 Mainnet In “Baby...

Ethereum scaling solution provider Matter Labs has released mainnet for the first ever ZK-Rollup in a testing phase. The Layer-2 network called ‘zkSync 2.0’ is natively compatible with Ethereum Virtual Machine (EVM) supported applications, making it easy for developers to port their apps on to the scaling solution.

El Salvador And Lugano Sign Economic Agreement To...

El Salvador and the city of Lugano have signed an agreement to economically cooperate on Bitcoin and cryptocurrency awareness. The state and city are the first jurisdictions in the world to adopt cryptocurrencies as legal tender.