NFT

According to a recent NFT research, India ranks first among 26 countries on the basis of play-to-earn (P2E) gaming adoption. Indian Players Outnumber Hong Kong's and UAE's As per the survey, approximately 34% of respondents in India have experience with play-to-earn games. To be clear, play-to-earn games are blockchain-based games in which players receive incentives with real-world value. Since the outbreak of the pandemic and the rise of the work-from-home culture in India, the popularity of P2E games has soared.…

Co-founder of the Milady Maker NFT collection Charlotte Fang no longer holds their position as CEO. After Twitter users kicked up an uproar concerning their ties to certain racist and homophobic blog posts and possibly a suicide cult, Fang quit the project. 0xngmi's Allegations DefiLlama analyst 0xngmi made the allegations in a thread showing tweets from Miya's old account. Miya compares black people to gorillas in these posts and says "strong male figures" are necessary to tame women. The poster…

A trying week for the crypto community closed in even lesser glamorous style as phishing attacks followed the dour market.  While the surprising crash of stablecoins and the collapse of LUNA disturbed many, attackers seized the bad week to wreak more havoc.  Earlier today, CoinGecko raised a scam alert on Twitter. The Singapore-based data aggregation company warned its users to disregard any prompt to connect wallets to the CoinGecko site. In a quick responsive post, the data aggregator made it…

Crypto payments make up a good chunk of AMC’s revenue. Late last year, Adam Aron, CEO of AMCTheaters announced in a tweet that the entertainment company would accept cryptocurrencies as payment online. It was a bold move that revealed his soft spot for blockchain technology, and one that has seemingly paid off significantly.  According to the CEO, more than a third of its ticket revenues were from cryptocurrencies. On the list of its acceptable coins were Bitcoin, Bitcoin Cash, Ethereum,…

American singer and songwriter Madonna Louise Ciccone has partnered with renowned digital artist Beeple to create non-fungible tokens (NFTs). The Queen of Pop unveiled this news through a tweet on May 9. She said her NFT project is dubbed Mother of Creation. The NFT triptych features three graphic videos. According to Madonna, she and Beeple worked on the project for a year. She added that this project is unique because it is based on the idea of creation and motherhood.…

Meta CEO and founder, Mark Zuckerberg, has confirmed that Instagram would integrate an NFT feature for creators. Zuckerberg also intimated that Facebook could soon get a similar upgrade. On Twitter, it is not unusual to see a hexagonal-shaped profile picture. In January 2022, Twitter enabled its users to display their NFTs, although this only applies to those on the premium version – Twitter Blue. In a similar fashion, Instagram is set to allow creators and owners curate their pages and…

Defi Yield Protocol (DYP) has launched a staking pool for its “Cats and Watches Society” (CAWS) NFT collection. The yield farming aggregator will reportedly provide up to 50% APR to CAWS stakers, denominated in ETH. Earning Yield on NFTs? NFT staking differs from cryptocurrency staking through the so-called “proof of stake” consensus mechanism. Rather than securing a network, “staking” an NFT is simply locking up one’s holdings with a platform to earn rewards. The 50% APR rewarded to CAWS stakers…

Earlier today, a hacker gained access to NFT marketplace OpenSea's discord server, exploiting its channel for a phishing scam. This is the second time that the platform has fallen victim to this form of attack this year. Hacker Promotes Fake Collab Between Youtube and OpenSea According to reports and screenshots from participants in the server, the attacker took over one of OpenSea's bots. They then uploaded a string of posts sharing news of a collaboration between YouTube and the NFT…

Asset management company VanEck has taken its first steps in the virtual world with the release of its first collection of non-fungible tokens. Co-founder Matt Barlett revealed that the tokens would likely grant holders exclusive access to various perks. However, VanEck is trying to set its NFTs apart from existing ones as much as possible. VanEck’s Vision for NFTs The New York-based investment firm has dubbed the newly-launched collection the VanEck Community NFT. It comprises 1000 Ethereum-based tokens that feature…