Thu, November 28

On-chain Social App Chingari Launches Video NFT Marketplace ‘Creative Cuts’

Video content creators using the app may monetize their work by selling it on Creator Cuts. The owners of video NFTs will engage in the producers’ 10% daily portion of the GARI revenue. Today, Chingari, the world’s fastest-growing on-chain social app, announced the release of its groundbreaking new product: Creator

August 24, 2022 2 mins read

SudoRare NFT Marketplace Executes Rug Pull Hours After Launch

About $820,000 worth of ether and other cryptocurrencies were taken in the incident. The platform’s website and Twitter page vanished soon after the heist. Many users on Crypto Twitter expressed concern that SudoRare was a fraud, and now the exchange’s developers have apparently pulled the plug. About $820,000 worth of

August 23, 2022 1 min read

Nike Generates Astonishing $185M Earnings From NFT Sales

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

Former OpenSea Employee Wants Insider Trading Case Dismissed

Chastain faces a maximum of 20 years in jail for each of the allegations. According to the DOJ, Chastain’s case was the first known instance. Attorneys for Nate Chastain, formerly of OpenSea and now terminated from the NFT marketplace on grounds of insider trading, have filed a request to have

August 23, 2022 1 min read

Telegram Proposes Auctioning Reserved Addresses as NFTs

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

Cardano’s Adademon will Launch Metaverse Game Soon

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

Celebrity Miley Cyrus Filed Trademark Application For Metaverse

Snoop Dogg, an American artist, is making great inroads into NFTs. On August 16, Cyrus filed trademark applications with the USPTO. In the next five years, Juniper Research predicts that there will be 40 million NFT transactions. The research predicts that metaverse-related use cases will be a major factor in

August 23, 2022 1 min read

Lending Protocol BendDAO Under Pressure Over NFT Massacre

There are just 15 WETH in the contract at the time of writing. An estimated 15,000 ETH (Ethereum) remains to be paid to lenders. It has been discovered that the Wrapped Ether (wETH) contract used by the lending protocol BendDAO has exhausted its supply. There are just 15 WETH in

August 22, 2022 2 mins read

MetaSolare Is to Launch a New Web3 Entertainment Project

Prominent Blockchain Platform is launching a new entertainment Web3 project, in different fields. With the new project, the platform is aiming to build a distributed entertainment ecosystem. The blockchain-based entertainment platform, MetaSolare is now ready to provide a completely different experience to its users. According to the official reports, the

August 22, 2022 1 min read