NFT

US blockchain firm Algorand has joined hands with FIFA, signing a sponsorship and technical partnership deal. FIFA announced this news yesterday, noting this partnership will see Algorand become its official blockchain network. Additionally, Algorand will provide FIFA with a blockchain-powered wallet solution. According to the announcement, this collaboration will also see Algorand support the FIFA World Cup Qatar 2022. Specifically, the firm will be the World Cup’s regional supporter in North America and Europe. Moreover, the blockchain will become an…

As part of a $300 million deal, Japanese entertainment conglomerate Square Enix is saying farewell to its Tomb Raider franchise. The popular game developer will now switch its attention to next-gen developments like blockchain, NFTs, and cloud gaming.  Square Enix decision comes on the back of its acquisition by Swedish giant Embracer Group. Embracer Group to Acquire Square Enix Subsidiaries In an official statement, Square Enix revealed a newly concluded agreement with Swedish media holding company Embracer Group AB. Dubbed…

The NFT marketplace and the metaverse are serving art creators all over the world, and offering a novel way for art appreciation. It appears that poets and poetry, in general, are also not alien to this trend.  NFTs Embracing All Forms of Arts Since Everydays sold for  $69 million, “art” became a word that observers easily associated with NFTs. In fact, what mostly comes to mind when “art” and “NFTs” are mentioned in the same breath is visual arts. The…

Okay Bears, a Solana-backed NFT collection, raised $18M within one day of launching. The novel NFT project was so popular it outperformed every Ethereum-based collection in terms of trading volume. Two weeks ago, Rarible Protocol launched a custom marketplace for Solana NFT projects, finally drawing attention to Solana projects. Okay Bears is the latest proof of the incredible growth the NFT marketplace has seen in the past weeks. [caption id="attachment_320506" align="aligncenter" width="550"] Okay Bear #116  |   Solanart.io[/caption] The new bear…

This afternoon, Bored Ape Yacht Club raised an alarm on Twitter, announcing a forceful takeover of its Instagram account. More than $10 million worth of NFTs has been stolen in the aftermath of the attack.  According to the tweet, someone hacked the team's official Instagram account. BAYC team swiftly advised users to refrain from following any prompts or instructions given by the account. However, it appears that their announcement came too late, as many had already fallen victim. https://twitter.com/BoredApeYC/status/1518590210686308354?s=20&t=_tT-JeyNNBlpX3xJg5StsA How…

The much-anticipated Akutars collection became a nightmare for its developers, losing $34 million after its launch this weekend.  The incident occurred due to flaws in the Ethereum-based NFT project's smart contract, which resulted in freezing of assets.  An Expensive Irreversible Mistake? The development team behind the anticipated Akutars collection might have just experienced the biggest nightmare launch. While there are cases of devs rugpulling coins and absconding, this might just be the opposite. Barely a day after the Akutar launch,…

Rap Musician Snoop Dogg will issue a group of digital Marijuana farms as Non-Fungible Tokens on RPG Metaverse Mobland. It will be a limited edition along with exclusive content from his son Champ Medici.  Although virtual cannabis cannot be enjoyed like its real counterparts, owners of the NFTs will expect gratification in the shape of rising prices. However, it is unclear if it will be possible to exchange the Non-Fungible tokens for real weed. Speaking about the idea behind this…

ApeCoin, the native token to the Ape ecosystem, has recorded a notable surge in prices within the last 48 hours. Yuga Labs imminent metaverse launch could be revving the token up the market.  'Otherside' Speculation The token, formerly changing hands for about 10.70 USD, surged to a record 17.18 USD in the early hours of today. This is the highest price the coin has recorded since its early plunge following its launch. There are suggestions that the launch of Yuga…

Jack Dorsey created the first-ever tweet in 2006. Its Non-fungible Token, which held so much potential, now suffers a massive devaluation. From a $2.9million purchase value, it has plummeted to only a few thousand dollars. The famous tweet read – “just setting up my twttr” – and was purchased by Sina Estavi in 2021 for 1,630.58 ether. At that time, Estavi outbid other investors to bag the NFT at about $2.9million. Estavi who is the CEO of a Malaysian-based crypto…