Fanatics, a top sports merchandise brand, announced on January 5 that it is divesting its 60% stake in its nonfungible token (NFT) firm – Candy Digital. This radical decision comes through owing to the downturn of the sector in the bear market. The Michael Rubin-led firm held the most stake in the sports NFT platform.… Continue reading Fanatics Offloads 60% Of Its Stake In NFT Company Candy Digital: Why?
Category: NTF
Magic Eden Refunded Users Impacted By Unverified NFT Bug
On January 5, top Solana nonfungible token (NFT) marketplace Magic Eden faced an issue where unverified NFTs were showing up as part of the verified NFT collections. The platform has since resolved the issue and says that nobody will be able to purchase any unverified NFTs anymore. Magic Eden has also sent refunds of the… Continue reading Magic Eden Refunded Users Impacted By Unverified NFT Bug
Why Mythical Games Is Taking 3 Ex-Employees To Court
Blockchain gaming behemoth Mythical Games, developers of the largely successful title Blankos Block Party, are now suing three of their top-level ex-employees. This lawsuit surrounds a controversy that claims the three executives raised $150 million to launch their product while still on Mythical Games’ payroll. The gaming firm called Fenix Games led and managed by… Continue reading Why Mythical Games Is Taking 3 Ex-Employees To Court
Trump NFT Collection Loses 80% In Value In 2 Weeks
The Trump NFT collection recently saw a massive plunge in value, offloading 80% of its value within 14 days. This market scenario raises the question: how did such a drastic drop in value happen? Here is something that you need to know about the TrumpCards NFT collection. How Did The Trump NFT Collection Value Plunge… Continue reading Trump NFT Collection Loses 80% In Value In 2 Weeks
Pokémon Sues Australian Firm Over NFT Collection
The Pokémon Company International has sued Australian firm Pokémon Pty Ltd for trademark infringement on their nonfungible token (NFT) game Pokéworld. The firm, also called Kotiota Studios, recently launched the play-to-earn (P2E) game. In that context, the Pokémon Company alleges that there is too much similarity between the NFT game and its own franchise. The… Continue reading Pokémon Sues Australian Firm Over NFT Collection
OpenSea Has Banned Cuban Artists
The prominent nonfungible token (NFT) marketplace, OpenSea, has now made it clear that it has banned all Cuban artists because of the United States’ sanctions policy. Up to 30 Cuban collectors and artists do not have access to the marketplace. OpenSea is among several multinational companies that have had to change their operations due to… Continue reading OpenSea Has Banned Cuban Artists
Samsung Invests $35M In Latin America-Focused Metaverse Initiatives
The Samsung Latam Investment of more than $35 million marks a crucial moment in Web3. Furthermore, the South Korean tech giant is now strategically betting on the metaverse as the meeting place of the future. Thus, it wants to have a strong position in Latin America and this move is meant to enable Samsung to… Continue reading Samsung Invests $35M In Latin America-Focused Metaverse Initiatives
Interest In NFTs Is Surging Again. Could They Explode Again In 2023?
2022 has proven to be a tumultuous year for nonfungible tokens (NFTs), with speculations of the NFT bubble bursting amid the persistent crypto winter. Q3 2022 saw only $3.4 billion in sales compared to $8.4 billion in Q2. In December, the numbers plunged further. Over the year, investor interest and media coverage also plunged. Nonetheless,… Continue reading Interest In NFTs Is Surging Again. Could They Explode Again In 2023?
North Korean Hackers Steal NFTs Using Almost 500 Phishing Domains
Reports indicate that the North Korean hackers developed decoy websites impersonating NFT marketplaces, NFT projects, and a DeFi platform. These hackers linked to North Korea’s Lazarus Group are allegedly behind a huge phishing campaign targeting the non-fungible token (NFT) investors – using almost 500 phishing domains to dupe victims. Blockchain security company SlowMist published a… Continue reading North Korean Hackers Steal NFTs Using Almost 500 Phishing Domains
Manchester United’s Official NFT Collection Live On Tezos
On December 18, reports emerged that Manchester United NFTs (nonfungible tokens) were officially live on Tezos. Many users now wonder, what Manchester United NFTs are available? Has the football club now gone virtual? And what is the roadmap for these NFTs? Manchester United NFTs are now officially live on The Tezos platform. Furthermore, the first… Continue reading Manchester United’s Official NFT Collection Live On Tezos