In a world where digital assets have massive potential to become the norm, South Korea’s BC Card confirmed that it has applied for two domestic patents to use non-fungible tokens (NFTs) to confirm the purchase details in trading used luxury goods. While NFTs are mostly known for their role in art and collectibles, BC Card… Continue reading South Korea’s BC Card Submitted Patent Applications For Receipt-Based NFTs
Category: NTF
Donald Trump’s Arrest Push NFT Prices Explosively Higher
Non-fungible tokens that feature the resemblance to former US President Donald Trump have recorded a massive surge in their value after his recent arrest in Georgia. As anyone would expect, the arrest rapidly became the talk of the town. What is the hype all about? NFTs Rise Remarkably In the past week, the trading volume… Continue reading Donald Trump’s Arrest Push NFT Prices Explosively Higher
Dutch Grand Prix’s Digital Collectible Lets Users Co-Own The Track
The Formula 1 Heineken Dutch Grand Prix has innovatively introduced a fan engagement opportunity focused on digital collectibles. Event enthusiasts can now acquire a digital portion of the CM.com Circuit Zandvoort, granting them symbolic co-ownership of the circuit throughout the race weekend. Interestingly, this ownership is verified on the blockchain, guaranteeing a securely documented possession… Continue reading Dutch Grand Prix’s Digital Collectible Lets Users Co-Own The Track
Snoop Dogg Partner With Skechers To Unveil New Dr. Bombay-Inspired Collection
Snoop Dogg, an internationally acclaimed rapper, and entertainer, has once more partnered with global footwear behemoth Skechers. Their new collection, acquiring inspiration from Snoop’s Bored Ape Yacht Club (BAYC) NFT called Dr. Bombay, was introduced on Skechers’ website in the past week. Here, we explore the details of the new collection, its many inspirations, and… Continue reading Snoop Dogg Partner With Skechers To Unveil New Dr. Bombay-Inspired Collection
Recur’s Shutdown Highlights The Challenges Affecting The NFT Market
Recur is an NFT startup renowned for hosting the intellectual property (IP) of many big brands including Nickelodeon and Hello Kitty. Unfortunately, Recur announced on August 18, 2023, that its Web3 platform is shutting down. This decision comes despite a $50 million Series A funding round and a respectable valuation of $333 million. While announcing… Continue reading Recur’s Shutdown Highlights The Challenges Affecting The NFT Market
OpenSea Drops Royalty Fees As Yuga Labs Responds By Blocking Trades
In a recent move that has sent huge shockwaves in the entire NFT community, OpenSea confirmed its decision to stop collecting royalty fees on behalf of NFT creators. This decision made Yuga Labs, the creator of CryptoPunks and Bored Ape Yacht Club NFT collections block the ability to trade in newer NFTs on OpenSea by… Continue reading OpenSea Drops Royalty Fees As Yuga Labs Responds By Blocking Trades
Polygon Labs’ Blockchain Partners With SK Telecom’s Web3 Vision
Polygon Labs and SK Telecom (SKT) have said that they signed a strategic partnership agreement to develop SKT’s Web3 ecosystem. SK Telecom dominates the South Korean wireless market, already hosting millions of subscribers. The agreement signing ceremony happened at SK Telecom’s headquarters in Seoul. Boosts To SK Telecom’s NFT Marketplace And Web3 Wallet This agreement… Continue reading Polygon Labs’ Blockchain Partners With SK Telecom’s Web3 Vision
Chile’s VIK Adopts The NFT Strategy To Tokenize Wine
The digital world keeps integrating with the physical realities as advancement in technology continues. There is nowhere else where the integration is more obvious than in the rise of non-fungible tokens (NFTs) across many sectors of the global economy. From music and art to alcohol and sports, NFTs seem to be creating a major buzz,… Continue reading Chile’s VIK Adopts The NFT Strategy To Tokenize Wine
FC Barcelona Gets €120M Investment For Web3 Entity
FC Barcelona recently made massive financial moves to boost its presence within the digital space. The football club has managed to secure a €120 million investment for a significant 29.5% stake in its web3-focused entity, Barça Vision. This investment comes from LIBERO football finance, contributing €40 million, together with private investors advised by NIPA Capital… Continue reading FC Barcelona Gets €120M Investment For Web3 Entity
Microsoft And Aptos Labs Partner For Web3 Adoption Push
For most, the journey into Web3 and its underlying technology remains a challenging one. Mostly, the complexity works as a deterrent for any newcomers who are eager to rush into Web3. Despite the many evident utilities that come with blockchain, a notable disparity exists between its practicality and users’ doubts about its ease of use.… Continue reading Microsoft And Aptos Labs Partner For Web3 Adoption Push