Fri, January 10

Ecommerce Giant eBay Acquires Prominent NFT Marketplace ‘KnownOrigin’

KnownOrigin, one of the most popular NFT marketplaces, was bought by eBay on Wednesday, according to a press release. The purchase is part of the company’s “tech-led reimagination,” according to the company’s statement. The deal’s financial details are being kept under wraps. Addition of Increasingly Popular Digital Collectibles eBay CEO

June 22, 2022 1 min read

Uniswap Acquires NFT Marketplace Aggregator Genie Bucking Market Trend

Uniswap announced that it would be airdropping USDC to Genie customers. DappRadar reports USD volume of NFT purchases has plummeted by almost 66%. On June 21st, Uniswap announced that it had purchased the NFT marketplace aggregator Genie. The decentralized exchange said that this step aligns with its goal of allowing

June 22, 2022 1 min read

Solana NFT Marketplace Magic Eden Secures $130M in Series B Investment

Magic Eden, created in September, was valued at $1.6 billion after the Series B round. Just three months ago, Magic Eden had announced a $27 million Series A round. NFT marketplace Magic Eden, which now controls the great bulk of the Solana market, is preparing for growth. The firm revealed

June 21, 2022 2 mins read

Sale of Donated CryptoPunk NFT Brings $100K For Ukraine’s Military Effort

Donations were made in March to the Ukrainian crypto fund with CryptoPunk #5364. The NFT was sold to an unidentified bidder for 90 ETH on Thursday. Over $100,000 has been collected for Ukraine’s military effort against Russia via the sale of a donated CryptoPunk NFT, the government of Ukraine stated.

June 21, 2022 2 mins read

China’s Top Social Media Platform ‘WeChat’ Bans Crypto and NFT Accounts

According to a recent policy change, the most popular Chinese social media platform, WeChat, now prohibits using any accounts that give access to crypto or NFT services. Cryptocurrency and NFT trading, issuing, and financing accounts will fall under the “illegal business” category under the new standards. The policy states: “Accounts

June 21, 2022 2 mins read

Immutable Announces $500M Fund to Accelerate Adoption of Web3 Initiatives

The capital would be utilized for creating web3 games and NFT-focused businesses. A 10% annual increase in the gaming industry’s market supports the idea. A new $500 million ecosystem development fund has been unveiled by Immutable, the leading NFT and gaming-focused crypto firm, in order to spur the adoption of

June 18, 2022 2 mins read

Premium Watch Brand Tag Heuer Launches Smartwatch With NFT Display

The corporation began accepting crypto payments on the US website recently. Apple’s App Store and Google’s Play Store are expected to provide a free update. Users of premium watch brand Tag Heuer may now showcase their NFT collection through a new smartwatch function characteristic of such devices. Tag Heuer has

June 17, 2022 2 mins read

French Premium Brand ‘Lacoste’ Forays Into Web3 With UNDW3 NFT Collection

Just 48 hours after its inception, the Discord server had more than 30,000 members. Lacoste has released an NFT collection with 11,212 photos. With the debut of UNDW3, Lacoste, a French premium brand, joins the web3 ecosystem. Lacoste’s community may help accelerate the brand’s fashion-sport ambition via the use of

June 15, 2022 2 mins read

Bill Gates Supposes NFT as Greater Fool Theory

Gates identifies himself as neither a short nor a long-term trader. Investment in NFT is not going to provide any solid returns. Many tech celebrities are crazy and act as a mascot for modern digital assets like Bitcoin, memecoin, and NFT. But the pioneer in the field, Bill Gates says

June 15, 2022 1 min read
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