NFTs

South Korea’s Financial Services Commission (FSC) published new guidelines to regulate NFTs. According to the new rules, the financial regulator will reportedly treat certain NFTs as regular cryptocurrencies.  South Korea’s financial regulator issued new guidelines relating to non-fungible tokens (NFTs). According to local reports, the Financial Services Commission (FSC) deems certain NFTs to be regular cryptocurrencies should they no longer have unique characteristics that distinguish them from cryptocurrencies.  Certain NFTs To Be Classed as Regular Cryptocurrencies On Monday, the FSC…

The post ChainGPT and Arbitrum make creating NFTs simple by utilizing AI appeared first on Coinpedia Fintech News AI and blockchain are the two most trending technologies right now, with new advancements and use cases being witnessed every day. Linking the new technologies with reasonable use cases at first seemed purely academic once generative AI solutions took the world by storm, with Ethereum Founder Vitalik Buterin penning a thoughtful blog post earlier this year on promising synergies between the two. …

Yuga Labs is reversing course on its new CryptoPunks collaboration following significant backlash from the community over allegations of the collection being excessively 'woke.’ The Punk in Residence Program The Punk in Residence program was created to foster on-chain collaborations and stimulate creative experimentation within the NFT space. Yuga Labs selected artist Nina Chanel Abney to spearhead this initiative, resulting in the unveiling of her “Super Punk World” collection. This launch, which included an opening event at The School at…

The post SHIB’s Fresh Upgrade for Welly Friends NFTs appeared first on Coinpedia Fintech News In a fresh and vibrant update, SHIB announced the Welly Friends NFT collection, a series of innovative NFTs, to support a popular restaurant and catering business in Italy. The Welly Friends NFT creators have meticulously elevated each profile picture in the collections adding details that speak volumes even in the smallest of sizes, replacing 3D renderings with handcrafted art. Shytoshi Kusama highlights that the upgrade…

Social Infrastructure UXLINK has initiated its Season 1 airdrop campaign titled “IN UXLINK WE TRUST ” in early May, targeting a community of 550,000 contributors. More than 50% of the campaign has already been fulfilled. Participating in the campaign involves minting an airdrop voucher, known as the UXLINK NFT, which guarantees an airdrop of the native token $UXLINK, fully unlocked after the TGE (Token Generation Event). Following community discussions, UXLINK has introduced a limited community sale of three types of…

ENO is blazing a trail with its entry as both an innovator in social tokens and in transforming social clubs. The time when conversations about ENO were limited to specific groups interested in wine and cryptocurrency is now behind us. ENO aims to draw in a broad spectrum of people, seamlessly connecting the cryptocurrency domain with establishing vibrant communities. ENO spearheads the creation of the world’s inaugural decentralized platform dedicated to celebrating the variety of wine culture. Its mission is…

The post Is Mining BTC with NFTs Legit or Scam: GoMining In-Depth Review 2024 appeared first on Coinpedia Fintech News Since it was created back in 2009, Bitcoin has been the trailblazer of the crypto world. Climbing to unprecedented heights, everyone wanted a piece of the action, everyone, that is, until the cryptocurrency ran into stormy waters. Of course, every asset experiences such turbulence. However, it didn’t stop many from jumping ship and the resulting crash to follow. Nevertheless, crypto…

Singapore, Singapore, April 9th, 2024, Chainwire FarmTrack, a pioneering startup in the Web3 livestock management space, is pleased to announce its innovative approach to tracking and monetizing cattle through the use of non-fungible tokens (NFTs) on the Solana blockchain. By replacing outdated tracking and tagging systems with a simple QR-code-based ear tag, FarmTrack eliminates the need for costly infrastructure and revolutionizes the way farmers manage their livestock. In collaboration with Rimaunangis SDN BHD in Malaysia, Farming Online FZ LLC in…

Binance will soon close its Bitcoin NFT marketplace after opening its trading venue to the network’s collectibles less than one year ago. In a blog post on Thursday, the crypto exchange said it will “cease support for trades and deposits of Bitcoin NFTs” starting April 18 at 6:00 UTC. Binance Exits From Ordinals The exchange noted that its support for “any further airdrops, benefits, or utilities” related to Bitcoin NFTs will wrap up on April 10. The decision to cut…