As of right now, users of Binance NFT will be able to borrow cryptocurrency using their NFTs as security. Users will be able to swiftly and simply access liquidity by borrowing ETH against their NFTs thanks to the loans, which will be made available with a few high-profile NFT projects
Blur, a prominent NFT marketplace announced that the ETH borrowing platform unveils a groundbreaking feature that provides borrowers with greater flexibility in repaying their loans. Instead of the traditional requirement to repay the entire loan amount at once, borrowers can now make small, incremental payments over time. 1/ 🚨FEATURE ANNOUNCEMENT🚨
Class action litigation against NBA legend Shaquille O’Neal and his Astrals NFT project was announced on Twitter by web3 IP and corporate attorney Ariel Givner, Esq. She explained the lawsuit’s basis on Twitter. Noting that the plaintiffs claimed Shaq’s putative invention, the Astrals tokens, and NFTs, were unregistered securities. The
In a major development for the world of gaming and metaverses, Cyber Arena, a global crypto fighting club, has announced the launch of the first-ever metaverse built on DogeChain. Developed by Imperium Games studio, known for its impressive track record with over 30 million combat gaming downloads, Cyber Arena aims
Seoul, South Korea – Leading Korean advertising agency Daehong Communications has recently joined forces with Chainlink Labs, a major Web3 services platform Chainlink developer. This strategic partnership aims to support the Lotte Group, a renowned Korean conglomerate. This helps Lotte Group for its ambitious Web3 initiatives, particularly in non-fungible tokens
The new “Phygital” Toy Collection & Experience for the popular NFT collection Pudgy Penguins on the online retail behemoth Amazon has resulted in skyrocketing curiosity and sales. Over 20,000 Pudgy Penguins were sold in the first two days, resulting in sales of over $500,000, as reported by Luca Netz, CEO
On Friday, Sotheby’s completed the auction of many rare non-fungible tokens (NFTs) confiscated from the extensive collection of defunct crypto hedge firm Three Arrows Capital (3AC), netting $2,482,850. The Grails collection of NFTs, developed as part of 3AC’s asset portfolio which began in 2021, was the focus of the auction
On May 19th, Jay Yao, a consultant working on the Paraspace NFT protocol, resigned from his job in the firm amid the ongoing controversy about the locations of the protocol’s funding. The missing funds and a storm of CEO and consultant charges against one another made headlines last week over
In a remarkable triumph for the flourishing realm of non-fungible tokens (NFTs), Blur has reached a significant milestone that strengthens the industry’s growth. Moreover, in an analysis conducted by DappRadar, a renowned global app store for decentralized applications, Blur has surpassed an astonishing milestone by crossing the $10 million mark.
Bitcoin Frogs, a pepe-themed NFT collection, has made a significant splash in the industry, particularly amidst the ongoing hype surrounding Bitcoin Ordinals. The most recent data reveals that Bitcoin Frogs, a series of NFTs associated with Bitcoin, has outperformed the Bored Ape Yacht Club in terms of transaction volume, making
