A metaverse project is creating a new category of NFTs: Functional NFTs

HODL Valley was built as a decentralized financial network that combines gaming, leveraging NFTs in an entirely new way. Among its many other financial features, HODL Valley includes a cross-chain DEX for decentralized swaps, asset insurance, lending and borrowing, farming and so much more, there is also a marketplace for buying and selling NFTs. HODL…

Music-related NFT project Opulous rises by over 500% in 24 hours

While many still think the use cases of NFTs are tied to rare images, one project, since the beginning of September has been making inroads into the tokenization of the music industry and even made an exponential growth of over 1000% within the space of a month. The project, Opulous (OPUL), is focused on how…

Quentin Tarantino sued after selling Pulp Fiction NFTs on Secret Network

Miramax film studios have filed a lawsuit against Quentin Tarantino on Tuesday, accusing the legendary director of copyright infringement. According to the official filing, Tarantino’s plan to sell NFTs based on the screenplay for “Pulp Fiction” is a breach of his contract with Miramax and infringes on the studio’s own plan to launch NFTs featuring…

Indian venture fund pours $12.5 million in NFT ‘commerce’ tool Guardian

A NFT technology startup, GuardianLink.io, has disclosed on Tuesday that it raised $12 million in its Series A funding round led by Kalaari Capital and other private investors. GuardianLink raises $12 million GuardianLink is expected to channel the new funds towards expanding its design labs in Singapore and Japan. Furthermore, the proceeds would also be…

HBAR Foundation announces new support for NFTs on the growing Hedera Network

Venly, a blockchain technology provider, and the HBAR Foundation today announced Venly’s support for their NFT tools and wallet services on the Hedera Network, with support for their NFT Market coming soon.  With Venly solutions on the Hedera network, developers can build applications on Hedera using Venly’s tools to create wallets and allow users to…

GridZoneDAO: The Decentralized Metaverse Is About To Launch

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more › GridZoneDAO is an approach to create a next-gen art-focused Metaverse on Ethereum with unique digital identities, a 3D VR world, and interactive 3D NFT art. It is a place where users connect, interact, play,…

Opensea causes 10% of all Ethereum burn as sales jump 100% in 24 hours

After all of the highs surrounding NFTs for most part of the year, the nascent crypto niche is witnessing a downturn in its trading volume which is currently at a three-month low. However, despite the belief of some analysts that the space is currently in a bear market, OpenSea, the largest NFT marketplace, has contributed…

Solana-powered Genopets is redefining NFT gaming with its Move-to-Earn concept

Genopets is the world’s first Move-to-Earn NFT game in which players are rewarded for staying active. The past couple of months have seen the rise of Play-to-Earn games, such as Axie Infinity, as people look for additional forms of income during these uncertain times. But Move-to-Earn puts a different spin on this concept by incorporating…