After failing to achieve “product market fit,” the founder of Rentable, a non-fungible token (NFT) platform that allows users to rent out their NFTs, has announced today that the network would be closing down. The ability to make rentals has been suspended, however, users have until October 13 to complete
The Doodles floor price was 8.23 ETH, or nearly $13,100. The team plans of releasing a larger-scale Doodles 2 collection. Sales of Ethereum NFT doodles have increased by almost 1,200% in the last 24 hours with the news of a $54 million investment round. That’s what CryptoSlam says happened in
Polygon is an Ethereum scaling network that Starbucks will use to provide NFT rewards to its consumers. In exchange for NFTs, users may get access to premium features and content including exclusive merch and exclusive event tickets. Launching later this year, the Starbucks Odyssey initiative will provide a means for
NitroPasses may be “minted” for NFTs that are tied to real-world items. Puma’s biggest rival, Nike, has made about $185 million off its NFTs goods. One of the most popular sports brands in the world, Puma, introduced its first metaverse experience, “Black Station,” on September 7 at New York Fashion
Seven different mayors were honored with NFT for their efforts. Fumio Kishida, the prime minister of Japan, was also present at the event. The Japanese government is rewarding local authorities that have shown exceptional progress in the use of digital technology to address local concerns and advance the digital economy,
NFTs are an integral part of China’s strategy to combat copyright infringement and internet piracy. The East Asian nation has seen a rise in the amount of piracy committed online, particularly in the form of NFTs made from pirated digital content. In response, the Chinese government has launched a new
The business has funded more than 300 startups, including Web3 and NFT firms. A $359 million deal in January gave it a valuation of more than $5 billion. Institutional investors Temasek, Boyu Capital, and GGV Capital spearheaded the $110 million investment round for Animoca Brands, a major investor in NFT
Ethereum-based NFT project in tribute to the Queen’s life Since the project’s launch in July, 73 NFTs have been made available. After the demise of England’s long-reigning queen, an Ethereum NFT project, QueenE, that was created in tribute to Queen Elizabeth II, is currently holding its final auction for the
Fans may gain points for these NFT souvenirs depending on the actual results. Sorare and the NBA plan to release the free-to-play game this autumn. With their new agreement with Sorare, the NBA hopes to cash in on the sports NFT trend. There has been a recent uptick in the
OpenSea, a marketplace for non-fungible tokens (NFTs), has seen increased demand for Reddit’s blockchain-based avatars, outselling the platform’s own shop. In July of 2022, Reddit, the “front page” of the internet, announced collectable avatars, becoming a part of the developing world of NFTs. Since their release in August, the avatars
