Samsung partners with Theta Labs for upcoming Galaxy NFT ecosystem

Samsung Electronics has signed a memorandum of understanding (MOU) with partners, including Theta Labs, to operate an NFT ecosystem for its new range of Galaxy mobile phones. “Samsung Electronics is promoting consumer experience innovation that connects non-fungible tokens (NFTs) in the online virtual world to offline real benefits.“ The firm said the NFT ecosystem would…

Anonymous seems to have set sights on BAYC for alleged connections to Nazi imagery

Anonymous, the global renown hacker group, appears to have aimed its sights at Yuga Labs following a Facebook post from a verified Anonymous account. The post references Nxg4n, Jeremy Cahen, and Ryder Ripps, who have all been extremely vocal recently advancing claims that Bored Ape Yacht Club has Nazi origins. The account that is called…

Over $86.6M worth of NFTs has been stolen since 2022

Recent research from Comparitech shows that NFT thefts are becoming more frequent than ever— and more profitable. The company has kept track of NFT thefts ever since the non-fungible token standard was first introduced and recorded the first stolen NFTs as early as 2020. Since then, over $86.6 million of tokens have been stolen. At…

NFTs.com domain name bought for $15M

The NFTs.com domain name has been acquired for $15 million, making it the largest publicly reported domain name sale this year. According to DomainInvesting, the deal was brokered for an undisclosed buyer by Domainer and GoDaddy, while Escrow.com facilitated the purchase. Finalized on Aug. 3, the deal is the largest publicly reported domain name sale…

Over $1B reinvested into ecosystem from NFT mints in 2022 according to Nansen report

Nansen, one of the industry’s leading blockchain data and analytics platforms, released a report Tuesday detailing the flow of Ethereum raised through NFT mints in 2022. The “NFT Sales: Where did the ETH go?” report builds on Nansen’s 2021 study, which revealed that most funds raised through NFT mints “were moved into non-entity wallets.” “NFT…

Solana NFT marketplace Magic Eden expands to Ethereum

Solana’s (SOL) leading NFT marketplace Magic Eden has announced that it will now support Ethereum (ETH) NFTs on its platform, according to a press release shared with CryptoSlate. The platform stated that it plans to provide multichain solutions for NFT collectors and creators and has launched several tools to make that possible. These include Magic…

Binance uses Soulbound Tokens to offer decentralized KYC of wallets

Binance launched BAB, a Soulbound Token on the BNB Chain, as a decentralized solution to the KYC requirements for the exchange. Soulbound Tokens are NFTs that are non-transferrable between wallets. The inability to trade the NFT allows it to be used to identify the wallet holder on the blockchain. Data linked to the NFT can…