In February of 2022, Kevin Rose, an early Facebook and Twitter investor, and Justin Mezzell, a designer, launched a firm centered on NFTs. The Proof Collective and Oddities NFT lines are also available through the business. Rose hinted on Twitter on January 6 that the deal’s primary motivation was to
While enthusiasm for new crypto sub-ecosystems like NFTs was dampened by the 2022 bear market. The Metaverse is still set up for long-term upheaval. McKinsey & Company estimates that the metaverse might be worth up to $5 trillion by 2030. Because of the wide variety of consumer and business-focused use
With the help of a $3 million grant, DeLabs, the company behind the popular Solana NFT collections DeGods and y00ts, migrated y00ts to the Ethereum sidechain Polygon. Frank (aka Rohun Vora), the company’s founder, said in a Discord post that the money will be used for recruiting and the establishment
SuperRare, a Non-Fungible Token (NFT) marketplace, has declared a 30% workforce reduction. The curated NFT firm CEO John Crain revealed the 30% layoff on his Twitter account by posting a screenshot on January 7. Crain claimed in a statement shared on Twitter that the firm had to shoot up rapid
Mutant Ape Planet, the creator of a Mutant Ape Yacht Club rip-off line, has been detained in New York and accused of running a rug pull scam to swindle investors out of $2.9 million. On January 4, a homeland security agent named Ivan J. Arvelo arrested a French citizen named
NFT Photography Platforms are quickly gaining popularity and becoming a favorite option for photographers to monetize their work. That’s because NFTs (Non-Fungible Tokens) are digital assets that can be bought and sold on blockchain-based platforms. They are one-of-a-kind assets owned by the individual who purchased them. They are not interchangeable
The prominent cricket team “Mumbai Indians” known as ‘MI’ enters the realm of digital collectibles ‘Non-Fungible Tokens‘ (NFTs). The franchise’s parent company, Indiawin Sports Private Limited (ISPL), announced the issuance of the Request for Proposal (RFP) on Jan 2nd 2023. Also, the five-time IPL champion MI is the first IPL
Nikhil Gopalani, COO of RTFKT reported a hack of NFTs. As of December 2021, RTFKT, a next-generation crypto brand creating waves in the digital wearable industry and producing content in collaboration with artist Takashi Murakami, was acquired by Nike. On Monday, a fraudster apparently launched a phishing assault on Gopalani,
Logan Paul, a well-known American YouTuber, has become a developer and launched the NFT game CryptoZoo in September 2021. And now it is reveals that he recruited criminals and that the project was a scam. And faced backlash when crypto detective Stephen Coffeezilla published three parts of a video series
For the better part of two years, NFTs have been widely used by Chinese traders, but maybe not in the same manner as elsewhere. In China, NFTs are called digital collectibles instead of NFTs and cannot be bought with cryptocurrencies due to local regulations. China was among the pioneering countries
