NFTs
China Sees 30,000% Surge in NFT Complaints Amid Growing Adoption
Chinese users submitted a total of 59,700 complaints related to NFTs in 2022, up by 30,000% compared to the earlier year.
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News
Non-Fungible Tokens
Section
Non-Fungible Tokens
NFTs
China on NFTs: “Prosecutors are Paying Close Attention”
Chinese prosecutors noted that there are financial risks, management risks, network security risks, and legal risks associated with NFTs.
NFTs
Starbucks’s NFT Collection Sells Out in 20 Mins for $200k in a Subdued Market
Starbucks' Siren Collection has also generated more than $117,546 in secondary market sales so far.
NFTs
NFT Collection Art Gobblers’ Secondary Sales Hit $50M: What’s Behind the Hype?
Art Gobblers is an innovative attempt to inject creativity and activity into the NFT space.
Metaverse
Renga NFTs Overtake Combined Volume of CryptoPunks and BAYC
Renga NFTs have recently registered a higher trading volume than the combined volume of CryptoPunks and Bored Ape Yacht Club.
Metaverse
Japan Thanks 7 Mayors by Minting Commemorative NFTs: A New Tradition?
Japan has awarded seven mayors with non-transferable NFTs for their efforts to revitalize local communities using digital technology.
Metaverse
LG Launches Proprietary NFT Marketplace for its Smart TVs
Just days after announcing its crypto wallet, LG has now unveiled its NFT marketplace that allows US users to trade NFTs from smart TVs.
Metaverse
NFT Collective Behind Moonbirds Raises $50M in Round Led by Andreessen Horowitz
Seven Seven Six, the VC firm of Reddit co-founder Alexis Ohanian, Flamingo DAO, SV Angel, and other VCs participated in the funding round.
Crypto
Nike’s NFT Revenue Hits $185M, $92.21M in Just Royalties
Nike's NFTs have made $93.1 million in primary sales volume and $92.21 million in secondary sales to date.
Crypto
NFT Lending Platform BendDAO Runs Out of Reserves as Defaults Surge
BendDAO co-founder has said the protocol will release a proposal to improve parameters as protocol faces a liquidity crisis.
Crypto
Epic Games Unleashes Lawyers on BSC Token with ~$300 Marketcap
Epic Games CEO vows to take action against BSC token called Fortnite Token (FNT).
Crypto
Binance Exec Warns Most NFTs Have No Long Term Value
Helen Hai, Binance’s NFT chief, believes there needs to be more utility in order to create a sustainable future.
Crypto
Solana’s NFT Market Gets Crowded: 6 Sellers for Every Buyer
The number of unique NFT sellers on the Solana blockchain exceeded one million for the first time in May.