NFT News
Instagram NFT Initiative Adding Support for Some 100 Countries
Instagram’s parent company, Meta, announced that the photo-sharing service is expanding its NFT support to more than 100 countries. Instagram first launched the initiative back in May for some users in the U.S., but is now also including countries in Asia, Africa, and the Middle East. Thanks to this feature, users can connect crypto wallets […]
Tiffany & Co. to Launch Its First NFTs
The luxury goods purveyor, Tiffany & Co., has announced that it will be launching an NFT collection named NFTiff. The collection consists of 250 NFTs, each priced at 30 Ethereum (little over $50,000, according to CoinMarketCap). It will be available starting on August 5. The NFTiff pieces are aimed at owners of CryptoPunks. They will […]
Miami to Launch City-Themed NFTs
The City of Miami will be launching 5,000 NFTs in December this year. The companies Time USA, Mastercard, and Salesforce are also involved in the project. Artists from Miami – 56 of them – will be designing the NFTs. This is meant to symbolize the 56 square miles that the city stretches over. Generally speaking, […]
Solana to Open a Physical Retail Store
Solana, a popular alternative to Ethereum for buying NFTs, announced that it will be opening a physical store in New York. The store, named Solana Spaces, is envisioned as a “cultural center” for Solana. Customers will be able to acquire a digital wallet and NFTs, as well as Solana-themed merchandise. The store will also include […]
OpenSea Parts Ways with 20% of Staff
The well-known NFT marketplace company, OpenSea, was forced to lay off 20% of its workforce. This is yet another case of crypto-related companies parting ways with employees due to adverse market conditions and macroeconomic factors. OpenSea’s representative stated that the current layoffs will allow the company to stay afloat for at least another few years. […]
Premint Suffers a $400,000 Hacker Attack
The platform for registering non-fungible tokens (NFTs), Premint, lost 320 NFTs worth $400,000 in a hacker attack. According to the respected crypto security company, CertiK, the attackers used JavaScript code to insert a pop-up window on Premint. Customers were asked to verify their accounts in this window. When they provided the verification details, their NFTs […]
Axie Infinity NFT Sales Increase More than 205%
According to CryptoSlam, the P2E game Axie Infinity saw a 205% increase in NFT sales over the past week, making a total of $1.3 million. This comes after Axie Infinity introduced the support for staking on July 4. This feature enables Axie Infinity Land NFT buyers to earn a passive profit in Axie’s native AXS […]
Ethereum NFT Trading Volume Is 70% Down in June
According to the blockchain analytics platform Nansen, the volume of Ethereum NFT trades has decreased by 55% in June. Over the past month, the total Ethereum NFT trading volume dropped from 1.3 million ETH to 584,000 ETH, or from just below $2.6 billion to about $672 million. When valued in USD, this is an approximately […]
Shopify Adding NFT-Gated Storefronts
The online shopping giant, Shopify, is launching NFT-gated storefronts. This new feature is aimed at brands who are looking to make their stores more exclusive. Token holders connect their crypto wallets in order to be eligible for exclusive shopping opportunities. These include everything from “early access to drops and limited collections to one-of-a-kind experiences and […]
Ukrainian Fundraising Campaign Sells a CryptoPunk NFT for $100,000
As part of the Aid for Ukraine crypto fundraising campaign, the government of Ukraine announced that it has sold a previously donated CryptoPunk NFT for 90 ETH. This amounts to over $100,000. Ukraine has been accepting crypto and NFT donations since shortly after the invasion of Russian troops began in late February. So far, it […]