Nike sued to the tune of $5 million in the Eastern District of New York. The complaints allege that the athletic apparel behemoth breached securities laws in its deployments of non-fungible tokens (NFTs) associated with RTFKT, the virtual sneaker firm it bought in 2021. That lawsuit alleges that Nike leveraged...
Ov Finance has adopted a new strategic initiative to combine GameFi and NFTs, focusing on attracting the next generation of investors. The initiative seeks to offer an engaging, asset-backed path to financial empowerment.On the company’s strategic roadmap are partnerships with up-and-coming GameFi developers and blockchain studios to further grow a...
Colle AI, a Singapore-based multichain, AI-powered NFT platform, is continuing to deepen their Solana integration to unlock the development of scalable NFT infrastructure at lightning speeds. This move greatly enhances Colle AI’s Solana capabilities. It continues to empower today’s Web3 creators with the tools they need to innovate, scale and...
Pudgy Penguins, the Web3 brand known for its digital collectibles, is having a major resurgence. Its native token, $PENGU, is experiencing a powerful rebound, fueling an impressive wave of market activity. This increase follows a flurry of high-profile partnerships. These collaborations and smart integrations have really increased the visibility and...
Grass (GRASS) is a Solana-based DePIN project created by Wynd Network. Currently, it trades at close to $1.82 with a market capitalization that is more than $446 million. The nascent crypto has seen a meteoric rise in interest, evidenced by a 24-hour trading volume close to $66 million. This sudden...
Sales of NFTs have fallen to $89.4 million, a significant trending decline. While NFT overall volumes and trading activity are down, specific market segments such as CryptoPunks and Bitcoin Ordinals are seeing impressive surges in their short-lived activity. The number of buyers increased on all but one blockchain. DMarket and...
From the collector’s perspective, there’s great anxiety. Now, the files associated with over 41,000 NFTs from CloneX and Animus collections have disappeared. This event underscores doubts on the permanence and durability of NFT storage solutions. The durability of NFTs as a whole, especially projects containing complex artworks. The sudden disappearance...
Mint Blockchain and Noves recently partnered in a joint effort to streamline the transfer of Non-Fungible Tokens (NFTs). This collaboration seeks to demystify the NFT transactional process, making it seamless and fun. Such changes would improve user experience and digital assets’ accessibility. This partnership is just the beginning of our...
Pudgy Penguins saw a whopping price increase of 176%, hitting a peak of $0.010 with an overall increase in global NFT sales. Since hitting a low around $0.0048, the token’s shown an impressive recovery of more than 167%. This increase is indicative of growing investor interest and considerable development activity...