NFT

The last leg of the bull run in 2021 led to an unprecedented rise in trading volumes on DEXs and increased investments into NFTs. Nevertheless, many retail investors did not make the most of the opportunity, as it has become increasingly challenging to surface the signal from the noise in the industry due to fragmented market data. On the flip side, we witnessed whales cashing out mouth-watering figures as profits from their investments. This unfair advantage comes from how they…

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…

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…

Ledger has released a new USB-C stick called Nano S Plus that can store thousands of digital assets. While many are familiar with the company’s solutions to store cryptocurrencies, this is the first one working with NFTs.  With a starting price of $79, the Nano S Plus wishes to be an excellent value for the money. The Ledger Nano S Plus costs almost half its predecessor (Ledger Nano X), with no battery or Bluetooth connection. A Few Words About Ledger…

On the Cardano ($ADA) network, Snoop Dogg aims to distribute unreleased songs as non-fungible tokens (NFTs). Clay Nation, a Cardano-based NFT project, collaborates with the rapper to make the change. What should we make of this new partnership? Most importantly, how can the deal affect the music and blockchain world? A New Way to Enjoy Snoop Dogg’s Music Snoop Dogg has long been a pioneer in hip-hop music and has contributed significantly to its development. Non-fungible tokens, the creation of…

Rishi Sunak, Chancellor in the UK, has ordered the Royal Mint to create a government-backed NFT for trading. The Chancellor expects the NFTs by the Summer as the government examines new possibilities to use blockchain.  What does the Government wish to achieve with this new political action? And what can the impact of the news be on the NFT and blockchain market? More Information About the Project One of the hottest topics in blockchain technology right now is the use…