Almost a year post collecting $4.4M to enhance the usefulness of non-fungible tokens (NFTs), Solana’s Cardinal protocol is shutting its door owing to economic constraints. Withdrawals must be completed by August 26th, according to a Twitter notification. By providing protocols and SDKs for staking, renting, subscribing, royalties, and trading, Cardinal
Azuki, the highly successful NFT brand, is currently making big waves in the digital art market. With the new launch of “Azuki Elementals,” they find themselves teetering on the line between a downtrend and reaching their high goals. Speaking of progress, Azuki managed to raise $38 million in just 15
Crossmint, a tool for NFT creators to accept credit card payments, has announced the launch of a new wallet-as-a-service product. It is an invisible wallet that will focus on NFTs. Moreover, with Crossmint’s latest offering, the future of NFT transactions is about to become more seamless and secure than ever
Several celebrities will be among the judges for a forthcoming NFT collection to feature winning pieces of digital art. In order to benefit The Foundation for AIDS Research (amfAR). These include models Kendall Jenner and Kate Moss, musician J Balvin, artist Jeff Koons, and director Baz Luhrmann to name a
On Friday, a federal court in Manhattan accepted Hermes’ plea to permanently stop the sale of “MetaBirkin” non-fungible tokens by artist Mason Rothschild, after a jury found that the tokens infringed on the French luxury house’s trademark rights in its famous Birkin handbags. U.S. District Judge Jed Rakoff said that
CryptoPunks, which launched six years ago and sparked the NFT art trend while also serving as a blueprint for several subsequent other initiatives, is publishing its own official book. Yuga Labs, the owner of the CryptoPunks IP, has announced a new collaboration with Zak Group, the design company behind Nike’s
The NFT world has recently witnessed a major fraudulent case. Animoon, an NFT project that claimed to be a feature-rich play-to-earn (P2E) game, is now under scrutiny following allegations of fraudulent activities. ZachXBT, infamous stealth, has detected Animoon rug pull. He revealed that the project’s founders, operating under the aliases
Postal service in the Faroe Islands has been modernized with the introduction of a new series of digital “crypto stamps,” each of which has a digital counterpart recorded on the blockchain as a non-fungible token (NFT) that can be used as postage. The Faroe Islands are a series of islands
An AI-powered platform for digital art Atriv has teamed up with Layer 1 blockchain Flare. As a result of the arrangement, Atriv will introduce its NFT platform, which generates no-code prompts, to the Flare network. By using artificial intelligence (AI), Atriv’s all-in-one NFT platform aims to realize the full potential
In an effort to acquire blockchain expertise for the agency, Germany’s Federal Intelligence Service has launched around one thousand Non-fungible tokens (NFTs) on Ethereum. The Bundesnachrichtendienst (BND), Germany’s foreign intelligence service, has established a dog-themed non-fungible token (NFT) collection with an on-chain hunt for treasure to attract qualified cyber specialists.
