NFT

Legendary soccer player Cristiano Ronaldo (CR7) has inked a multi-year non-fungible token (NFT) deal with leading crypto exchange Binance. Through this partnership, Binance will launch a global promotion to introduce Cristiano’s fans to the Web3 ecosystem. Neither Binance nor the football legend disclosed how long the agreement would last. [embed]https://twitter.com/binance/status/1539969367726620674[/embed]   In a subsequent blog post, Binance said this deal would see it work with Cristiano to create a series of  NFT collections. The collections will only be available for…

NFT collective Doodles recently dropped two major announcements at a show hosted alongside the 4th annual NFT NYC Conference.  Pharrell Joins Doodles NFT The team has brought popular musician and producer Pharrell Williams onboard as Chief Brand Officer. Additionally, the project has completed its first funding round, led by venture capital firm Seven Seven Six.  The “Happy” singer's position will see him bring a fresh perspective to Doodles' music, artwork, consumer products, animation, and events. Most importantly, Williams will also…

Ukraine has sold the non-fungible token (NFT) it received as a donation in March. Alex Bornyakov, Ukraine’s Deputy Minister of Digital Transformation, announced via Twitter yesterday. According to him, Ukraine sold CryptoPunk #5364 to an anonymous buyer for 90 Ethereum (ETH), worth just over $100,000. Bornyakov’s tweet read, Breaking news on crypto donations: #CryptoPunk #5364 has been sold for 90 ETH. It's over $100K. Few months ago this NFT was donated for @_AidForUkraine fund. Crypto community continues to support Ukraine.…

Web3 analytics firm Nansen released a targeted rival app to Discord on Wednesday. The new product, Nansen Connect, a messaging app, was created to serve web3 communities' communication needs. It will be accessible to wallet holders and will use Nansen's existing information database to enhance user experience for a predominantly crypto audience.  The blockchain analytics company Nansen Limited made the announcement in a blog post earlier today. It stated that Connect would leverage wallet-labels, a Nansen initiative for identifying blockchain…

Microsoft co-founder Bill Gates has once again expressed his loathe for digital assets, this time factoring in non-fungible tokens (NFTs). Speaking at the Techcrunch Sessions: Climate event in Berkley, California, Gates said he is not a fan of crypto and NFTs. Specifically, the American Business Magnate said cryptocurrencies and NFTs are 100% based on the greater fool theory. The greater fool theory refers to the idea of someone making money by buying overvalued assets and selling them for a profit…

In a recent press release, leading payments network Mastercard disclosed plans to bring its services into the NFT industry. The company is joining forces with a string of NFT marketplaces to introduce “simple and secure” NFT commerce.  Buying NFTs Without Getting Crypto Mastercard's new partners include The Sandbox, Mintable, Nifty Gateway, Candy Digital, and other platforms. Together, they will provide Mastercard holders with the option to acquire non-fungible tokens using their credit or debit cards. Prospective buyers from Mastercard's 2.9B…

Yuga Labs has authenticated the tweet that announced a phishing attack on its Discord server early Saturday. The scam cost users NFTs valued at 200 ETH, an amount valued at 360,000 dollars. The team acknowledged the breach almost 12 hours after it initially aired on Twitter. Early Saturday, a Twitter user with the handle NFTherder sounded an alarm on social media. He claimed that sister metaverse projects, BAYC, and OtherSide metaverse Discords, had fallen victim to hackers, yet again. According…

New York City prosecutors have levied first-of-a-kind NFT insider trading charges against a former OpenSea employee. Manhattan Attorney Damian Williams says it represents his commitment to stamping out both stock market and blockchain-related trading crimes. The charges are related to insider trading activities carried out by 31 y/o Nathaniel Chastain while working at OpenSea. According to Reuters, Chastain is accused of secretly buying 45 specific NFTs on 11 different occasions. When doing so, he was under confidential knowledge that the…

A strategy to penetrate the $3 trillion Islamic market. Marhaba (MRHB), a Muslim-centered DeFi platform, is launching the world’s first Sharia-backed NFTs certification.  The system involves a process where NFTs projects will be submitted to a Sharia administrative board. This panel will review the artwork’s compliance with Sharia Modesty and ethical code. Halal NFTs receive a Blockchain minted certificate curated by Sharia Experts LTD, an Islamic advisory platform for web3 projects.  Mohammed Naquib, the founder of Marhaba, explained how the…