NFT

China’s Ministry of Industry and Information Technology announced that the country plans to support the development of non-fungible tokens (NFTs) and decentralized applications (dApps) amid the widespread adoption of blockchain technology. What Happened: The official document highlights...

2024 could be a year of significant milestones for the cryptocurrency industry. Crypto index fund manager Bitwise on Wednesday laid out key trends to look forward to, including Bitcoin's (CRYPTO: BTC) reaching new heights as well as the emergence of artificial intelligence (AI)...

The Oasis Protocol Foundation is collaborating with NFTb, a multifaceted platform backed by Binance Labs. What Happened: The goal is to elevate privacy standards in the realms of digital collectibles and gaming within the crypto space. In a move to address the growing need for confidentiality in...

Tiger Global Management's largest venture fund has reportedly incurred an 18% loss in paper value as of the end of September. This decline comes after the firm reduced the valuations of several portfolio companies, Bloomberg reported, citing sources. The fund, dubbed the Private Investment...

JPMorgan on Thursday highlighted a resurgence in the decentralized finance (DeFi) and non-fungible token (NFT) sectors in a research report. This revival is attributed to the growing anticipation of a U.S.-based spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF), which has positively...

Portuguese professional soccer star Cristiano Ronaldo has been named in a class-action lawsuit filed in a United States district court in Florida, that centers around his involvement in promoting the cryptocurrency exchange Binance (CRYPTO: BNB). The suit, filed on Nov. 27, 2023, stated...

In the rapidly evolving world of blockchain technology, a significant shift is underway, reshaping how decentralized applications (dApps) operate across multiple chains. Binance Research's latest report highlights the growing importance of cross-chain interoperability, with DeFi (Decentralized...

Walt Disney Co (NYSE: DIS) launched its NFT marketplace, Disney Pinnacle, for tokenizing its iconic animation characters from the past century, as well as characters from its Pixar and Star Wars franchises. A collaboration with Dapper Labs, the NFTs will be uniquely styled as...

Solana’s (CRYPTO: SOL) Mad Lads NFTs have reached an unprecedented price high after Backpack, a Solana-based NFT wallet app, appointed a former FTX general counsel, Can Sun to spearhead Trek Labs, a Dubai-based startup linked to Backpack and its parent company, Coral. Coral's Mad Lads...

Daily NFT trading volume touched a three-month high as $19.1 million worth of JPEGs and other tokenized assets changed hands, according to blockchain data compiled on a Dune dashboard by analyst Hildobby. Price Action: JPEG is a cryptocurrency token operating on the Ethereum platform. In the past...

Coatue Management, a tech-focused investment firm, has lowered its valuation of its investment in the NFT marketplace OpenSea. Coatue's stake has been decreased drastically from $120 million to just $13 million, The Information reported. This adjustment suggests that OpenSea's...

Shiba Inu's (CRYPTO: SHIB) started out as a mere internet meme, but has since turned into a Web 3.0 juggernaut boasting a market capitalization that hovers around $4 billion. The coin's journey is emblematic of the crypto industry’s shift away from irreverence to sophisticated and...

Yuga Labs, the company behind the Bored Ape non-fungible tokens (NFTs), is investigating reports of “eye burn” from bright light displays at its recent ApeFest event in Hong Kong. The event, targeting NFT holders, was attended by approximately 2,250 guests, the...

In an interview with WIRED released this week, billionaire entrepreneur and Dallas Mavericks owner Mark Cuban delved deep into a myriad of subjects, from the unpredictability of achieving billionaire status to the evolving landscape of cryptocurrencies and non-fungible...

Blockchain technology firm Yuga Labs develops non-fungible tokens (NFTs) and digital collectibles, with its flagship collection being Bored Ape Yacht Club which was launched in April 2021. A judgment passed Thursday protected the company from infringement, a widely prevalent issue that NFT...