Pudgy Penguin Fetches 400 ETH for its Rarest NFT

Pudgy Penguin Fetches 400 ETH for its Rarest NFT

Quick Summary Despite skepticism in the NFT market, Pudgy Penguin rarest NFT sold for 400 ETH. The collection of 8,888 NFTs has a floor price of 3.4 ETH on OpenSea.  In an incredible development for the well-known penguin project, the NFT #6873 from the Pudgy Penguins collection was acquired for an astounding 400 ETH (about […]

2022-08-31
Blogs News
Celebrities called out for shilling NFTs

Celebrities called out for shilling NFTs

Quick Summary: Top celebrities were promoting and shilling NFTs on their social media platforms which created hype among people. The regulatory watchdogs called out these celebrities to disclose their relationship with these NFT companies. Related: Revolut Lists Elrond’s EGDL increasing its reach to 30+ Countries Shilling NFTs by celebrities on their social media to find […]

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KLAYMETA Solidifies Existence of Its NFT In-game Assets

KLAYMETA Solidifies Existence of Its NFT In-game Assets

Since gaming began, avatars and characters have always been used for immersive reasons and to create point-of-view style gameplay. However, what those games were missing, and something at the time we never questioned, was what if you could irrefutably own the character you’re on that journey with? In a multitude of different MMORPG’s, players have […]

2022-08-30
Blogs News
Revolut Lists Elrond’s EGDL increasing its reach to 30+ Countries

Revolut Lists Elrond’s EGDL increasing its reach to 30+ Countries

Quick Summary: Famous Fintech firm Revolut lists Elrond’s EGDL making it accessible across 36 countries to 20+ million users. Revolut is a $33 billion payment giant company, while Elrond’s is an internet-scaled blockchain network. Revolut has introduced Elrond’s EGLD token, which powers the internet-scale blockchain system that acts as the foundation for Web3, DeFi, and […]

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New EU Law Will Regulate NFT Collections Like Cryptocurrencies

New EU Law Will Regulate NFT Collections Like Cryptocurrencies

Quick Summary Non Fungible Tokens NFTs will be treated as cryptocurrencies as declared by the official in Korea Blockchain Week 2022. NFTs will be regulated under the EU’s MiCA law and NFT issuers will now have to publish Whitepapers like crypto projects. Related: Russia Tightens Cryptocurrency Regulation What is MiCA MiCA (Markets in Crypto Assets) […]

2022-08-26
Blogs News
4 Things to Watch Out For in GameFi Scam Projects

4 Things to Watch Out For in GameFi Scam Projects

Quick Summary GameFi market popularity has soared exponentially, reaching a market cap of $10 billion. At the same time, users are losing interest in the GameFi due to the increasing number of scams in the ecosystem The gaming sector on the blockchain is evolving quickly. GameFi is one of the hottest subjects in the world […]

Blogs
Nike Tops Other Brands With Revenue From NFTs. By a Long Shot

Nike Tops Other Brands With Revenue From NFTs. By a Long Shot

Quick Summary Nike made $185 million profit from selling shoes NFTs despite a bear market. The brand beats top fashion brands like GUCCI, Tiffany, and Adidas, with over 67,000 transactions recorded on the blockchain. Related: Nike Files Lawsuit Over NFTs Nike is beating the crypto winter The data from Dune suggests that Nike’s secondary sales […]

2022-08-25
Blogs News
India Might Soon Ban Cryptocurrencies

India Might Soon Ban Cryptocurrencies

Quick Summary India is on the verge of banning cryptocurrencies. Its Finance Minister is of the view that these digital currencies might destabilize the fiscal stability of the country. RBI (Reserve Bank of India) looks forward to the global community regulating it. Related: JP Morgan Might Take Away the Decentralization of Ethereum Power to the […]

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Could BendDAO NFT-Fi Collapse the NFT Market?

Could BendDAO NFT-Fi Collapse the NFT Market?

Quick Summary BendDAO is an ‘NFTFi’ or NFT Finance platform that lets people borrow money by depositing their NFTs. There have been only a few WETH left in the smart contract that forms the liquidity pool, which means the platform might collapse and hurt everyone who deposited NFTs. What if BendDAO NFT-Fi? BendDAO is a […]

2022-08-24
Blogs News