Despite the popularity of NFTs waning since the boom of 2021, Sony — one of the gaming industry’s most prominent players with a current market capitalization of $109.1 billion — has so far remained cautious on whether to enter into the NFT space. NFT framework for transferring digital assets between devices The company’s newly-published patent…
Non-Fungible Token (NFT) wash trading volume recorded its fourth consecutive growth during the month of February, according to a recent CoinGecko report. The total NFT wash trading volume increased to $580 million, as the CoinGecko report cited. NFT marketplaces X2Y2, LooksRare, and Blur recorded the highest volumes in NFT wash trading in February. NFT wash…
Despite its recent success, the journey for Blur to become the biggest NFT marketplace is far from over, and evaluating its current and future success is a complex matter. NFT marketplaces are currently embroiled in fierce competition for customers, with companies lowering their fees and royalties to entice and keep users. This competition has resulted…
The recent collapse of the Silicon Valley Bank (SVB) and the USD Coin (USDC) de-peg halted the hype around Non-Fungible Tokens (NFTs) while benefitted the activity on Decentralized Finance (DeFi), as the recent DappRadar report revealed. During the weekend of Mar. 11-12, DeFi’s transaction volume surpassed $58 billion across all platforms — while Mar. 11…
A class-action lawsuit led by Edwin Garrison has been filed against “FTX influencers” for their alleged role in promoting a massive crypto fraud totaling over $1 billion in damages. The suit names YouTubers and so-called NFT influencers Kevin Paffrath, Graham Stephan, Andrei Jikh, Jaspreet Singh, Brian Jung, Jeremy Lefebvre, Tom Nash, Ben Armstrong, Erika Kullberg…
New data from @NFTStatistics shows a unique dynamic emerging within the NFT space. Data shows that as NFT flipping has increased with the market upswing, flippers are now losing 4,000 ETH per week over the past two weeks, which has baffled market watchers. Currently, the opposite is true, says @NFTStatistics. The 30-day period has seen…
The official complaints related to non-fungible token (NFT) scams, problems, and price manipulations the Chinese government received surged by 30,000% in 2022, according to Forkast News. Chinese regulators disclosed that they received 59,700 complaints throughout the year, as opposed to 198 in 2021, the report states. According to the regulators, most complaints are about failing…
Ad Stephane Kasriel, Head of Commerce and Financial Technologies at Meta, said on March 13 that his company plans to discontinue its non-fungible token (NFT) features. Meta will pursue fintech instead of NFTs Kastiel stated in a Twitter thread: “We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators,…
Ad Pokémon fans are divided over plans to develop a metaverse for the long-running franchise. The debate was sparked following a job posting for the position of Corporate Development Principal at the Pokémon Company International, based in Washington, U.S. Gaming and entertainment platform Dexerto said fans are concerned their beloved franchise is heading into the…
Ad The trading volume for virtual worlds in web3 recorded 229% growth in February and returned to its pre-Luna crash levels, according to DappRadar’s recent report. During the month, the trade count doubled to reach 51,000, as the DappRadar data revealed. The growth was also supported by investors, as the gaming and metaverse space raised…