New projections show Nike’s (NYSE: NKE) total earnings from the sale of its non-fungible tokens (NFTs) at an astounding $185 million. Non-fungible tokens have emerged as a promising new income stream for consumer-focused firms and organizations. Some of the most well-known companies have recently entered the NFT industry, citing the
August 23, 2022 1 min read
G4AL, homegrown game studio and publisher, is proud to announce its partnership with the Indian extension of Yield Guild Games (YGG) – IndiGG, a web3 gaming guild from India. After its recent partnership with YGG, Manel Sort and his team are focusing on expanding across continents through YGG’s sub-DAOs, offering
August 23, 2022 2 mins read
About $3 million was made through the sale of 2,392,002 Toncoin. Toncoin may now be traded straight inside the app. It was suggested by Pavel Durov, CEO of Telegram, that the platform’s usernames and channel links be made available as NFTs. Durov proposed auctioning millions of reserved Telegram addresses on
August 23, 2022 1 min read
The Adademon team created an NFT land called Elysian Plains. The Overlord effect is one of the special characteristics of Elysium Lands. The Metaverse-based play-to-earn platform Adademon has altered the NFT gaming industry that it has signed a development contract with renowned NFT game production studio CUBIX.co. The Adademon team
August 23, 2022 2 mins read
Following the Merge, there will be no discernible increase in transaction speed. The Merge will render energy-intensive mining obsolete. In a statement published on Wednesday, the Ethereum Foundation made it clear that the planned proof-of-stake transitional update to the network, known as the “Merge,” would not result in lower gas
August 22, 2022 2 mins read
The token mapping effort aims to be completed by the end of the year. The Treasury will also begin working on some of the other recommendations soon. The Australian Labor Party (ALP) has finally spoken out on its plans for crypto legislation three months after coming into office.”Australia as a
August 22, 2022 2 mins read
The tech investment world has grown rapidly in the last 20 years since the dot com boom. Investors have gone from investing into micro chip manufacturing companies to internet marketplaces such as Amazon and eBay. And even though investors understand the rapid changes & growth of the tech world, they
August 22, 2022 2 mins read
Tether highlighted that their entire assets were more than their total liabilities. Tether’s commercial paper holdings have decreased by more than 57.5 percent. Tether, the provider of the most popular stablecoin (USDT), has released its most recent quarterly attestation report on the token’s reserves. In principle, investors in the USDT
August 20, 2022 1 min read
The FDIC demanded taking down any content implying FDIC-insured. The FDIC requested that they refrain from making any additional such representations. Today, the FDIC revealed that five cryptocurrency firms had misled investors about the extent to which their deposits were insured. Among the entities mentioned were the cryptocurrency exchange FTX.US
August 20, 2022 2 mins read
Hodlnaut had $187 million in TerraUSD before it crashed to $0. The company reiterated that it had not placed any assets with Celsius. Hodlnaut, a cryptocurrency lending platform, froze withdrawals, token swaps, and deposits on August 8 citing market circumstances. The troubled company seeks Singapore creditor protection on Tuesday to
August 20, 2022 2 mins read