NFT News Today 23rd March 2022

NFT news today March 23rd 2022 can be accessed below:

What are NFTs?

NFTs are: Nonfungible tokens, or NFTs, are verifiably unique digital and physical commodity representations.Each NFT is unique in terms of its composition, and thus in terms of its worth.

iexclusive News Nigeria has compiled the latest news on NFT making rounds this week.

NFT CREATOR YUGA LABS RAISES $450M, BRINGING COMPANY VALUATION TO $4B

Yuga Labs, the creators of Bored Ape Yacht Club (BAYC) and new owners of the CryptoPunks and Meebits brands, announced it is now valued at $4 billion after its latest $450 million seed funding round. VC firm Andreessen Horowitz, or a16z, led the company‘s first institutional investment, marking one of the largest seed rounds for any nonfungible token (NFT) collection to date. Read More.

MARVEL NFT PARTNER VEVE CLOSES IT’S MARKETPLACE OVER IN-APP TOKEN EXPLOIT

Marvel NFT Partner Veve, a nonfungible token marketplace featuring licensed digital items, was hit by an attack on Tuesday, resulting in the illicit acquisition of millions of gems (in-app tokens). Mainstream brands such as Marvel, Pixar, and Coca-Cola have picked Veve as their official launch partner, demonstrating the platform’s popularity. Read More.

BLOCKCHAIN GAMERS SEE PLAYING NFT Games AS A FULL-TIME JOB 

Blockchain Gamers – Despite the decline in nonfungible token (NFT) prices, play-to-earn NFT gaming continues as more people perceive it as a viable way to earn a living. In a survey done in the Philippines, 32% of respondents stated that if NFT games allowed them to work full-time. Read More.

[the_ad id=”41664″]

BORED APE NFT HOLDERS TO RECEIVE APECOIN: ‘THE DOGECOIN OF NFTS’

Owners of Bored Ape Yacht Club (BAYC) NFTs — including celeb holders like Eminem, Steph Curry, Jimmy Fallon and Mark Cuban — are set to receive a brand new token called ApeCoin (APE) as yet another incentive for being part of the exclusive digital asset club. Read More

NFTS FREE IMAGINATION: THE NEED TO CLOSE THE GENDER GAP

NFTs, Nonfungible tokens, have garnered a lot of attention in the media, but experts agree that their influence will go beyond selling digital artwork or tweets and will forever change how people express ideas. The global NFTs market is just as pale, masculine, and old-fashioned as the traditional art sector, despite its promise of breaking the pattern. Read More

NFT HEIST TO BE THE FIRST MOVIE-PARODY ON NFTS – STEPHEN COLBERT 

NFT Heist,’ a hit film, mocks the NFT industry and the bizarre digital art that has been selling for exorbitant prices. Stephen Colbert, a well-known American comedian and TV broadcaster, debuted ‘NFT Heist’ on his talk show ‘The Late Show with Stephen Colbert.’ Read More

[the_ad id=”41664″]

JOHN KOHL OF TUNEGO: ‘NFTS WILL COMPLETELY CHANGE THE MUSIC INDUSTRY’

Find out why John Kohl, co-founder and CEO of TuneGO, sees NFT technology as a way to help creators reach their full potential, get the money they are due, and create stronger bonds with fans. “I’m family first, tech second,” says John Kohl. This vision of himself as a dedicated family man and tech pioneer mirrors his professional mission. Read More.

FEMALE NFT COLLECTION ANNOUNCES PROFIT SHARING WITH HOLDERS

Women We Love is a limited NFT collection about to launch with 8,888 female inspired artworks. However, what makes it one of the most anticipated collections of the year by serious NFT collectors is that its royalty NFT holders will share in a percentage of total secondary market sales from the entire collection ongoing, Read More.

GRAMMYS AWARDS UNVEILS NFT COLLECTION

The collection officially launched on Monday, 7 March 2022, with one free NFT available to all interested fans. One lucky fan stands a chance to win a “golden ticket NFT,” and this NFT includes all-inclusive travel support for two people to attend the 64th Annual Grammy Awards scheduled to hold on Sunday, 3 April 2022, in Las Vegas, USA. Read More

ADOBE BEHANCE NOW SUPPORTS SOLANA NFTS

Adobe Behance users can now showcase Solana (SOL) nonfungible tokens (NFTs) on their profiles. As users can now connect their Phantom wallet to their Behance accounts. iexclusivenews reports that Phantom is a Solana wallet built for decentralized finance, or DeFi, applications as well as for NFTs. QuickNode, a Web3 infrastructure platform, helped build out this feature with Adobe on Solana. Read More

[the_ad id=”33485″]

NFT STARTUP RARIFY RAISES $10M FROM PANTERA CAPITAL

NFT infrastructure startup Rarify has raised $10 million in Series A funding from Pantera Capital at a valuation of $100 million.The backing from Pantera Capital appears significant as the company is one of the top venture capital firms in crypto.One of Rarify’s primary offerings is an NFT-commerce-focused application programming interface (APIs) that enables firms to launch and integrate user-friendly marketplaces in their platforms. Read More

MARKETPLACE EXPLOIT ON SMOL BRAINS, NFT FOR TREES AND METAVERSE MOVIES

Reports emerged on Thursday of an exploit discovered on the TreasureDAO marketplace nonfungible token (NFT) trading platform that allows a user to buy items at zero cost, no matter the listing price or floor price of the collection. Read More

JAPANESE WEALTH MANAGER NOMURA TO EXPLORE CRYPTO AND NFTS WITH NEW UNIT

Nomura Holdings has announced the formation of a new digital assets team to investigate potential prospects in the asset class, which could indicate increased institutional interest in cryptocurrencies and NFTs. The wealth management firm said that its Future Innovation Company would be restructured into a new Digital Company, which would begin operations in April. Read More

SNOOP DOGG AND GARY V HAVE $95M IN NFTS, DOLLY PARTON’S DOLLYVERSE AND MORE

According to data from DappRadar, the NFT portfolios belonging to Iconic rapper Snoop Dogg and popular entrepreneur Gary Vaynerchuck are worth a combined $95 million. Vaynerchuck’s wallet holds the lion’s share of the value with $81.89 million at the time of writing. Snoop Dogg’s is an avid NFT collector and his wallet also holds multiple CryptoPunks, Meebits and Fidenza NFTs, with his most expensive NFT CryptoPunk #3831 worth $2.57 million at current prices. Read More

[the_ad id=”41670″]

DUTCH ARTIST CREATS NFTS FOR ALL HUMAN IN THE WORLD

Dutch artist Dadara and digital rights management platform RAIRtech have developed a collection of 7.9 billion identical nonfungible tokens (NFTs). The collection, named CryptoGreymen, is on the Polygon (MATIC) Ethereum scaling network. Although each NFT is identical, they will be assigned a serial number of up to 7.9 billion to reflect the number of humans currently estimated to be living on the Earth. Read More

HIKE INTRODUCES NFT AVATARS ON ITS BLOCKCHAIN GAMING PLATFORM

Hike, the erstwhile internet messaging service that has since pivoted to blockchain gaming as its key offering, today announced the introduction of non-fungible token (NFT) virtual profile displays, called Rush Avatar NFTs, on its blockchain gaming platform – Rush Gaming Universe (RGU). The airdrop or the initial rollout of the NFTs would take place on Android today and on iOS at a later date. Read More

SPLINTERLANDS SELLS OUT NFT DROP OF WACKA FLOCKA FLAME IN 30 SECONDS

Splinterlands, the most played blockchain game, has quickly sold out their unique NFT collection starring rapper Wacka Flocka Flame, in partnership with Loak, the hub for wearable NFTs. The collection took just 30 seconds to completely sell out, highlighting the high demand for this unique style of Splinterlands NFT that has extra utility outside the game. READ More

BITSCRUNCH RAISES $3.6M IN FUNDING FOR NFT ANALYTICS TOOLS

BitsCrunch, a company that analyzes the crypto and nonfungible token (NFT) ecosystems, has raised $3.6 million in a round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others. To estimate the fair pricing of NFTs and uncover wash trading warnings, BitsCrunch employs AI-based analytical methods.Determine whether an NFT is a forgery or a replica of the original asset. READ More

[the_ad id=”41664″]

MONSTER ENERGY FILES NFT AND METAVERSE TRADEMARK APPLICATIONS

Monster Energy has four outstanding trademark applications linked to nonfungible tokens (NFTs) and metaverse realms, according to recent filings with the United States Patent and Trademark Office (USPTO). The initial trademark application covers downloadable virtual items such as beverages, food, supplements, sports, games, music, and fashion, among other things. READ More

NFTS MOST POPULAR ASSETS ON ETHEREUM, BUT WRAPPED BITCOIN GROWTH STALLS

Transfers of nonfungible tokens (NFT) on Ethereum have surpassed transfers of stablecoins and altcoins while the supply of wrapped Bitcoin (WBTC) has remained relatively stagnant since late last year. Those are two of the key findings in the latest State of the Network update from Coin Metrics. READ More

JUPITER META LAUNCHES FIRST FULLY CURATED NFT MARKETPLACE IN INDIA 

Jupiter Meta, India’s first fully organized non-fungible token (NFT) market, is set to go live on February 23. The digital marketplace, or metaverse, will concentrate on music, movies, and games, providing unique experiences for each user and allowing everyone to make the most of their time in the metaverse. READ More

PUMA CHANGES NAME TO PUMA.ETH ON TWITTER REGISTERS ENS DOMAIN

Puma is the latest major brand to buy a decentralized URL and reveal their nonfungible token, or NFT, by changing their Twitter handle to Puma. eth. The domain name was registered with the Ethereum Name Service, or ENS, by the German sportswear company. Budweiser, an Anheuser-Busch InBev subsidiary, purchased Beer. eth through ENS on OpenSea last year for 30 ETH. READ More

[the_ad id=”41664″]

OPENSEA NFT PHISHING ATTACK AFFECTED 17 USERS

OpenSea, the non-fungible tokens NFT marketplace, claimed that 17 people were affected by the phishing attack on Sunday.Rather than the 32 users previously reported.The phishing attack was targeting smart contracts on OpenSea’s platform.“Our original count included anyone who had interacted with the attacker.” “Rather than those who were victims of the phishing attack,” the marketplace tweeted on Monday. READ More

GOONS OF BALATROON: AN INTERVIEW WITH THE TEAM

The Goons of Balatroon team took time out to talk about their wacky collection. We chatted about their plans to create a universe with its own sustainable economy, its own token (GOB). A place where fun is the essential ingredient.The Goons are factions of sentient beings in an alternate universe where some crazy stuff has happened. READ More

OPENSEA STALLS PLANNED UPGRADE AS PHISHING ATTACK TARGETS NFT MIGRATION

OpenSea announced a smart contract upgrade yesterday, requiring users to migrate their listed NFTs from the Ethereum (ETH) blockchain to a new smart contract. As a result of the upgrade, users who do not migrate from Ethereum risk losing their old, inactive listings — which currently do not require any gas fees for migration. READ More

HARMONY LAUNCHES BORED APE YACHT CLUB NFT PASSPORT

Harmony a blockchain platform, whose mainnet runs on the Ethereum network, claiming to have two-second transaction finality and fees 1,000 times lower than Ethereum. The Bored Ape Yacht Club Passport was announced on Friday.The Passport allows users to import proof of their apes into DeFi Kingdoms, a play-to-earn game with over 120,000 monthly active users built on the Harmony blockchain. READ More

OPENSEA SMART CONTRACT UPGRADE TO DELIST INACTIVE NFTS ON ETHEREUM

OpenSea, one of the most prominent nonfungible token (NFT) exchanges, has updated its smart contract as part of a proactive effort to weed out inactive listings on the site. All OpenSea users will be required to convert their NFT listings, which are now hosted on the Ethereum (ETH) blockchain, to the new smart contract as part of the scheduled upgrade. READ More

ART LOVERS CAN OWN PART OF AN NFT OF GUSTAV KLIMT’S ‘THE KISS’

The Belvedere museum in Vienna collaborated with the artèQ investment fund to launch a nonfungible token (NFT) drop inspired by one of Austrian painter Gustav Klimt’s most famous works “The Kiss.” Released on Valentine’s Day, a digital copy of this early 20th century depiction of a pair of lovers was divided into a 100-by-100 grid of 10,000 individual pieces offered as NFTs. READ More

[the_ad id=”41664″]

HOW NFTS COUNTERFEIT RESULTED IN MARKETPLACE SHUTDOWN

NFTs, “Rampant” issues relating to minting counterfeit nonfungible tokens, have forced popular platform Marketplace Cent to halt some operations. Marketplace Cent Founded in 2017, kicked off as a “social network and informal platform for creative experimentation.” In 2020, the team also launched an NFT platform called Valuables to mint and auction iconic tweets. READ More

NFT FRAUD: UK TAX AUTHORITY MAKES FIRST SEIZURE IN £1.4M VAT SCAM

NFT Fraud..The UK tax authority has seized three Non-Fungible Tokens as part of an investigation into suspected VAT fraud involving 250 alleged bogus companies. HM Revenue and Customs (HMRC), the United Kingdom’s chief tax authority, has seized three nonfungible tokens (NFTs) associated with a suspected tax evasion fraud. READ More