NFT

Summary: The social network plans to launch its marketplace for blockchain-powered profile photos on Thursday. Over 90 unique designs crafted by individual artists and thousands of digital collectibles will roll out during the sale for a fixed price. Interested buyers can only purchase an avatar with government-issued fiat currencies. Layer 2 scaling protocol Polygon is

Summary: Three Arrows Capital allegedly owns multiple NFTs belonging to popular projects such as CryptoPunks, Art Blocks Curated, BoredApeYachtClub, and more. The total NFT holdings by Three Arrows Capital are valued at roughly $7 million. The Three Arrows Capital crypto hedge fund allegedly owns multiple NFTs belonging to popular projects such as Crypto Punks and

Summary: Coca-Cola has announced plans to release a Pride series NFT collection to celebrate the LGBTQIA+ community. Coca-Cola will be collaborating with artist and advocate Rich Mnisi. The Pride Series NFT collection will be minted on the Polygon Network (MATIC). The world-renowned beverage company of Coca-Cola has announced that it will be launching a Pride

Summary: Napster plans to launch the $NAPSTER token focusing on the music industry. Napster will also venture into NFTs as it expands into Web3. The $NAPSTER token will have utility such as payment for subscriptions and goods and services. Napster is following in the footsteps of Limewire, which announced similar plans this year. The once-famous

Summary: Yuga Labs has announced that it has filed a lawsuit against parties slandering the Bored Ape Yacht Club NFT project. The Bored Ape Yacht Club NFT project has been the victim of conspiracies that it has ‘racist’ undertones. The Co-founder of BAYC, Gordon Goner, had earlier this week attempted to debunk such claims. Yuga

Summary: The luxury brand has bought $25,000 worth of RARE tokens. Gucci’s purchase allows means the brand is a member of the SuperRare DAO and has access to a large NFT community. The Italian fashion powerhouse also has plans for an exhibition in collaboration with artists and creators. Other luxury and fashion brands are also

Summary: Solana-based NFT marketplace of Magic Eden has raised $130 million in a Series B round at a $1.6 billion valuation. The funds will expand Magic Eden’s primary and secondary marketplaces. The Solana-based NFT marketplace of Magic Eden has raised $130 million in a Series B round led by Electric Capital and Greylock Partners. The

Summary: WeChat has warned users in China against using the app to trade cryptocurrencies and NFTs. The warning reiterates China’s government directive to ban crypto trading and mining within its borders. The popular social media platform WeChat has warned its users in China against using the application to facilitate the trading of cryptocurrencies and NFTs.

Key takeaways: OpenSea has successfully migrated to SeaPort: a Web3 NFT marketplace designed with efficiency in mind. The move to SeaPort is estimated to save OpenSea users 35% in Ethereum gas fees or more than $460 million in total savings per year. New features will be slowly added to SeaPort. OpenSea is also hiring. Yesterday,

Key takeaways: Yuga Labs and Bored Ape Yacht Club Co-founder has warned that there may soon be an attack on the projects’ social media accounts. He cites credible information, including a possible attack from an inside source at Twitter to bypass security. Twitter has been notified, and the team at Yuga Labs has clarified that

MasterCard is set to collaborate with central NFT marketplaces to facilitate easy NFT payments The company is collaborating with major NFT marketplaces such as Immutable X, Candy Digital, Nifty Gateway, The Sandbox, and more. MasterCard is all set to collaborate with leading NFT marketplaces to offer easy NFT payment options to its users across all

Summary: The OG chain continues to lead the non fungible token pack. ETH’s blockchain crossed $25 billion in NFT sales for all time at the end of May. The landmark moment solidified Ethereum’s position above competitors like Ronin and Solana. The mammoth network also achieved the feat despite dwindling NFT trading volumes and the cooldown

STEPN will stop serving all users in China to comply with the country’s policies on cryptocurrencies. The GMT token tanked following the news, dropping nearly 20% over the past 24 hours. Play-to-earn games and similar services are starting to get the attention of lawmakers. Web3 app STEPN has announced that it will ban all of

Quick take: Earvin Magic Johnson is set to release his very first NFTs in partnership with NBA Top Spot. The NFTs with be in the form of an Anthology set reserved for iconic plays from NBA legends. Magic Johnson’s NFTs will be available on June 7th and contain rare and spectacular moments of his career.

It’s an Ethereum wallet similar to MetaMask The wallet supports NFTs on GameStop’s beta marketplace powered by Loopring User can also store their preferred cryptocurrencies The wallet is available as a browser extension on the Chrome Web Store GameStop previously partnered with Immutable X The pair announced a $100 million fund in IMX tokens for

Popular digital artist Beeple’s Twitter account was recently hacked The hackers managed to steal $400,000 worth of crypto funds by posting dubious phishing links via Beeple’s Twitter account Famous NFT artist Mike Winkelman, popularly known as Beeple’s Twitter account was recently hacked, resulting in users losing funds worth $70,000. Beeple’s Twitter account was hacked and