DCMS announced that it will also investigate the underlying blockchain technology that supports NFTs. According to the DCMS committee’s statement, NFT regulation in the UK is mainly non-existent. The UK government has started a probe into nonfungible tokens (NFT), digital collectibles championed by Prime Minister Rishi Sunak. The House of
VF-22 race cars of Haas F1 Team will include the Opensea logo. The racing organization expected increased participation from its audience. For Haas F1, NFT marketplace Opensea will mint a set of NFTs. Haas, the only American F1 team, made the announcement on Thursday. The racing organization claimed that their
The bulk of the commerce is centered on y00ts NFT collection. There are almost 15,000 individual profile pictures in the y00ts archive. The original introduction of the popular profile picture (PFP) project, y00ts, in September contributed to a surge in NFT sales on the Solana blockchain that dropped by half
It was reported on November 4 by prominent blockchain security outfit PeckshieldAlert and on-chain sleuth ZachXBT that a phishing scammer using the alias Monkey Drainer has stolen 7 CryptoPunks and 20 Otherdeed NFTs. Monkey Drainer just stole another 7 Crypto Punks and 20 Otherside NFTs worth $800k (520 ETH) 0xc2C05F11f6e4Dfba016982811Ab12c361E63f466
Unique Active Wallets in DeFi increased by 7% (504K) from September. NFT trading volume reached $662 million, down 30% from September. The world’s largest marketplace for decentralized applications, DappRadar, revealed in its most recent report that the cryptocurrency market is growing and recovering with a market valuation of more than
GameStop’s NFT marketplace went live in July, with early support for Loopring. With ImmutableX, players have access to NFTs that are built into the games itself. A press statement published by GameStop on Monday states that the company has integrated support for ImmutableX into its NFT marketplace. As a result
Minterpress is a new sort of open-source NFT tool developed by Blokhaus, a Web3-focused, industry-leading firm, to enable creators and collectors to mint and host environmentally friendly NFTs on WordPress. Energy-efficient NFTs minted using Minterpress have none of the drawbacks of first-generation NFTs since they are built on the Tezos network.
Solana-based decentralized auction platform MonkeyBids has partnered with illiquid asset valuation tool Lithium Finance to improve the accuracy and transparency of pricing for both digital and physical assets. Different benchmarks for value may be used for illiquid assets like digital artworks or NFTs that blend virtual and physical assets in
Instagram users will soon be able to mint and sell the polygon powerd NFTs. In May, Meta began testing the Instagram collectibles features by allowing some US users to share their NFTs. Instagram has announced that users will soon be able to site, mint, showcase, and sell digital collectibles like
OpenSea monitors for suspicious contract functionalities and behaviors. This tool will automatically check any user-entered links on the marketplace. Because of the immutability of blockchain transactions, theft has become a serious problem in the NFT industry. With attacks stealing millions of dollars’ worth of assets from unwary collectors. Moreover, the
