With the increasing prominence of non-fungible tokens (NFTs), the risk of hacks and cyberattacks targeting these digital assets has also intensified. Here, we will explore some of the major NFT hacks that happened in 2023 and discuss methods of protecting your valuable digital assets. NFTs And Their Weaknesses NFTs are stored on various blockchain platforms,… Continue reading Major NFT Hacks 2023: Protect Your Digital Assets
Tag: business
Sotheby’s Surges In Digital Art: $35M In 2023 Sales
In 2023, Sotheby’s, the famous fine arts auction house, made an impressive impact in the digital art industry, with sales hitting $35 million. Based on a report by Michael Bouhanna, the company’s vice president and head of digital art, 2023 was one of the most exciting for digital art. First Live Digital Auction One of… Continue reading Sotheby’s Surges In Digital Art: $35M In 2023 Sales
Emerging Trends In Blockchain Gaming: 2024 And Beyond
Non-fungible tokens (NFTs) and blockchain gaming have experienced a surge in popularity. As we head into 2024, the trend shows no signs of slowing down. Looking into the future, NFTs are expected to be a driving force behind blockchain gaming adoption, and several notable trends are set to shape the exciting landscape. Play-to-Earn vs. Play-and-Earn… Continue reading Emerging Trends In Blockchain Gaming: 2024 And Beyond
Square Enix Selling Off Symbiogenesis NFTs In An Auction
The famous video game developer Square Enix, renowned for the popular Final Fantasy series, recently announced their plans to auction non-fungible tokens linked to their new blockchain game, Symbiogenesis. This strategy introduces a new phase of gaming that incorporates technology and imaginative gaming experiences. Symbiogenesis NFT Auction: Extensive Outlook The rollout of Symbiogenesis NFTs is… Continue reading Square Enix Selling Off Symbiogenesis NFTs In An Auction
Web3 Gaming Hits 1 Million Daily Active Wallets
The blockchain gaming sector has seen some promising growth in October 2023. Based on a report from DappRadar and the Blockchain Gaming Alliance, the sector crossed a milestone of 1 million daily unique active wallets (dUAW), representing a 16% increase from the other month. That figure represents a third of the whole sector activity for… Continue reading Web3 Gaming Hits 1 Million Daily Active Wallets
Nike and RTFKT Confirm Dunk Genesis Sneakers Presale
Nike has confirmed a public presale for its most recent partnership with the digital fashion brand RTFKT. Unlike earlier releases, the RTFKT Dunk Genesis collection, the latest sneakers, can be obtained without requiring to own a corresponding RTFKT non-fungible token (NFT). Two incredible editions of these sneakers are scheduled to hit the market. They include… Continue reading Nike and RTFKT Confirm Dunk Genesis Sneakers Presale
Dairy Queen Dives Into NFT Market, Unleashes NFT Pop-Up Store In China
Dairy Queen collaborated with the local non-fungible token project Weirdo Ghost Gang (WGG), the famous ice cream brand, to unveil a pop-up NFT store in Chengdu, China. In recent years, NFTs have become notably popular, especially within the art realm. They provide a secure and verifiable means for artists, creators, and collectors to engage in… Continue reading Dairy Queen Dives Into NFT Market, Unleashes NFT Pop-Up Store In China
Sorare’s Evolution Into The Web3 Space
Fantasy sports platforms are continuously adapting, and leading the way in Web3 space is Sorare. The firm has recently decided to pivot away from previously planned Fitness and Club Facilities enhancements, instead focusing on Manager Progression, rewards, and competition structures based on extensive community feedback. Here is a look into the updates and what Sorare… Continue reading Sorare’s Evolution Into The Web3 Space
HSBC Enters Blockchain Space With Digital Asset Custody
HSBC, a major operator in the global banking industry, has taken a step into the digital asset space. The British bank’s recent announcement to offer custody services for tokenized securities marks a new development in the financial sector’s adoption of blockchain technology. HSBC Partners With Metaco By leveraging the expertise of Swiss crypto custody company… Continue reading HSBC Enters Blockchain Space With Digital Asset Custody
OpenSea Offloads 50% of Workforce In A Massive Restructuring Initiative
Top non-fungible token (NFT) marketplace OpenSea confirmed it will lay off 50% of its workforce in a huge restructuring move. CEO Devin Finzer highlighted in an X thread that the restructuring is meant to focus on “the next version” of their product. Early Reception And Achievements Launched in 2017, OpenSea appeared in the market when… Continue reading OpenSea Offloads 50% of Workforce In A Massive Restructuring Initiative