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
G4AL, homegrown game studio and publisher, is proud to announce its partnership with the Indian extension of Yield Guild Games (YGG) – IndiGG, a web3 gaming guild from India. After its recent partnership with YGG, Manel Sort and his team are focusing on expanding across continents through YGG’s sub-DAOs, offering
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
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
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
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
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
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
The Video Music Awards included online and virtual performances. This is the first year of the award, and it has nominations for six different acts. A new sub-category of the MTV Video Music Awards (VMAs) was introduced in 2022. “Best Metaverse Performance” is a category open to artists vying for
Due to Ethereum’s price volatility, the BAYC floor price is now at $107,000. Since it hit a record high of 153.7 ETH on May 1, the price has been steadily dropping. Due to the ongoing NFT market downturn and broader crypto market crisis, the Ethereum floor price of the Bored
