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OpenSea’s Solana NFT integration, long rumored, is now real

Leading non-fungible token (NFT) marketplace OpenSea has released a teaser of its long-rumored integration of NFTs on the Solana blockchain, now planned for April. See related article: What is the Solana ecosystem and how is it fueling SOL’s stratospheric rise? Fast facts OpenSea’s teaser video shared on Twitter on Tuesday morning Asia time displayed a […]

Xiamen reveals plan to bolster its metaverse, NFT-related firms

Xiamen has revealed its three-year action plan to nurture its cluster of metaverse firms involved in non-fungible tokens (NFTs), VR/AR, chips and related hardware with over 100 million yuan (US$15 million) in revenue, according to the local government’s working plan. See related article: ‘Metaverse’ enters government radar at China’s Two Sessions Fast facts See related […]

Ukraine’s NFT museum; Bitcoin on the up.

Ukraine launches its NFT Museum of War. Meanwhile, Bitcoin passes $47,000 mark.

World of Women Galaxy NFTs sell out in 3 days

World of Women (WoW) Galaxy, the second non-fungible token collection launched by WoW, a community focused on increasing diversity and inclusion, was sold out within three days after launching with US$14 million in primary sales.   See related article: Ukraine’s NFT museum of Russian conflict goes live Fast facts Total WoW Galaxy sales in the past […]

South Korea recruits NFT experts for metaverse boot camp

South Korea’s Ministry of Science and ICT (MSIT) is recruiting extended reality, artificial intelligence, and non-fungible token (NFT) experts for its upcoming boot camp designed to train future metaverse professionals.  See related article: South Korea wants to be the physical home of the metaverse Fast facts MSIT is launching what it calls the nation’s first […]

Ukraine’s NFT museum of Russian conflict goes live

Ukraine’s Ministry of Digital Transformation launched the Meta History Museum of War on Friday, a museum hosted on the Ethereum and Polygon networks that chronicles the country’s war with Russia through non-fungible tokens (NFTs). See related article: Zelenskyy legalizes cryptocurrency in Ukraine Fast facts “Disinformation is used by Russia on a par with deadly military […]

DeFi, NFT access at stake as FATF travel rule takes effect in South Korea

Flexibility allowed in new rule requiring crypto companies to comply with anti-money laundering guidelines leads to some confusion.

What Else Can You Do With An NFT?

NFTs are mostly recognized as digital art and collectibles. But what else can they be used for?

How to protect NFT intellectual property rights explored at Australian Blockchain Week

With explosive growth in the past 12 months, the non-fungible token industry is getting too big to ignore IP licenses, experts say.

Bollywood megastar Amitabh Bachchan ponies up tax on NFT sale

Bollywood icon Amitabh Bachchan is in the crosshairs of Indian tax authorities again, this time for NFT sales.

Bored Apes as NFTs: What is the Bored Ape Yacht Club?

BAYC is one of the hallmark NFT collections and a billion-dollar ecosystem. This Forkast explainer explores the cartoon primates and what makes them so special.

What does Music have to do with NFTs?

Major record labels have generated massive profits from previous structures of creative industries, but NFTs can transfer power to the artists.

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The NFT Market By the Numbers

Global Sales Volume NFT sales amounted to US$18.5 billion in 2021—a 570-fold increase from 2020 as the record bid for Beeple’s digital collage and the strong reception for NBA Top Shot attracted new collectors and boosted prices, data from NFT industry data aggregator CryptoSlam showed. Companies from Gucci and Ray-Ban to McDonald’s and Coca Cola […]

The Rise and Rise of NFTs | Interview with Charles d’Haussy

Growth drivers of the NFT ecosystem The growing popularity of NFTs is stunning, having risen from several hundred million dollars in sales when the market first started, to around US$20 billion in 2021. We believe the exponential growth seen around the world can be explained by the product-market fit: NFTs have effectively provided a bridge […]

Blockchains and NFTs

The world’s first NFT dates back to 2014, when New York artist Kevin McCoy’s animation known as Quantum was originally minted on Namecoin, a blockchain forked from Bitcoin. Quantum eventually sold for US$1.47 million at a Sotheby’s auction in June 2021, but its host blockchain is buried deep in the history of NFTs, rarely visited […]

NFT Marketplace Competition Heats Up

Opensea, an NFT marketplace on the Ethereum blockchain founded in 2017, currently dominates the NFT landscape with a market share of over 80% as of February 2022. OpenSea’s monthly trading volume on Ethereum soared to a new record high of US$5 billion in January 2022, surpassing its previous peak of US$3 billion reached in August […]

NFT Marketplace Rivals’ Arrival | Interview: Zach Burks

The NFT marketplace landscape is getting more and more competitive. What are your thoughts on staying ahead in this competitive landscape? The NFT space is definitely the hottest industry on earth right now and it is the fastest-growing industry. There’s a lot of competition. At Mintable, we’re also growing very quickly. In order to continue […]

NFTs Behind the Pictures | Interview: Reeve Collins

1. What are programmable NFTs?  Programmable NFTs are completely customizable digital objects that can be programmed to change their appearance and purpose over time, allowing for the creation of unique objects and collectibles that can change in response to future events.  Picture a massive multiplayer online role playing game like World Of Warcraft, where you […]

Decoupling of NFTs from Cryptocurrencies

NFTs are increasingly being seen as an asset class that is distinct from cryptocurrencies, and this is reflected in the rising valuations and trading volumes in recent months. For instance, sales of Bored Ape Yacht Club tokens doubled from December 2021 to a record US$313 million in January 2022, according to CryptoSlam data. In contrast, […]

NFT Hacks and Scams

As NFTs continue to draw new users, hacks and scams have begun to surface in the nascent industry. According to blockchain analytics company Chainalysis, the two most popular NFT-related crimes are money laundering and wash trading. The amounts involved are, however, relatively small with Chainalysis estimating that such criminal activities generated illicit profits of US$10 […]

State of the NFT Market

NFTs serve as the bridge for millions of users who are beginning to move to Web3.0 through digital collectibles. New use cases outlined in the report have the potential to disrupt traditional industries such as music, art, ticketing and even education. Global sales of NFTs reached US$18.5 billion in 2021, which was 570 times higher […]

Metaverse Set to Boost NFTs

NFTs are widely expected to gain increased popularity as the metaverse becomes more established, thanks to the technology’s ability to provide indisputable proof of ownership. Ownership of virtual real estate, which involves the use of NFTs, has grown rapidly. In Decentraland, one of the most popular metaverses, property prices have risen 400-500% in the months […]

NFT Avatars — A New Identity

NFT avatars are digital portraits, often illustrating animated or pixelated characters. Avatars are algorithmically generated to give each NFT unique identifiable traits, such as a particular hairstyle, mustache, glasses, or even laser eyes — a social trend Bitcoiners cite to support the cryptocurrency’s climb to US$100,000. In many instances, the ownership of these avatars represent […]

Trends Driving NFTs Growth

Avatars accounted for most of the growth in the NFT space in 2021, but diverse use cases are starting to emerge. More niche products are also emerging, including fractionalized property ownership, and DeFi products made specifically for the NFT ecosystem are expected to grow this year. Such developments were discussed in detail during interviews with […]

Asia Primed For NFT Growth

Asia looks set to become the next big market for NFTs, with some experts predicting the region may surpass the West as early as this year. Global Google search interest for the term “NFT” surged past “crypto” in January, with the search engine’s data showing growth originating in the East. Data from Taiwan, Japan and […]

Apes Gone Wild! BAYC ‘selling like crazy’ amid otherwise sluggish NFT market

Strong sales from leading NFT series may be a sign the market is maturing as investors become more discerning, observers say.

BSN, China Mobile support local NFTs with new chain launch

China’s state-backed Blockchain-based Service Network (BSN) has announced the addition of “Zhong Yi Chain,” developed by telecommunications giant China Mobile, to its open permissioned blockchain ecosystem to bolster the growth of home-grown non-fungible tokens (NFTs). See related article: BSN to integrate CasperLabs’ chain to support NFT issuance in China Fast facts The new chain serves […]

Malaysia’s crypto proposal; Hong Kong’s 11-yr-old NFT coder

A Malaysian minister has proposed making Bitcoin a legal tender. Meanwhile in Hong Kong, an 11-year-old programmer makes his way into the NFT business.

How an 11-year-old programmer created his own NFT minter

Inspired by the success of Beeple, Miguel Wang created CryptoTigers to generate pixelated tiger images for the Year of the Tiger.

Weibo launches NFT marketplace, allowing users to mint posts

Weibo, a social media platform known as the Chinese equivalent of Twitter with 249 million daily active users, launched its non-fungible token (NFT) marketplace TopHolder on Thursday, allowing users to mint their original posts into NFTs and sell them. See related article: Zuckerberg confirms NFTs coming to Instagram Fast facts Users will need to pass […]

4M trees required to negate the carbon emissions of CryptoKitties NFTs: report

Around 4 million trees are required to offset the nearly 240 million kilograms of carbon dioxide produced by the CryptoKitties non-fungible token (NFT) collection, according to research by NFT Club, an NFT education company.  See related article: ​​NFTs and music: Is the fan outcry over NFTs’ environmental impact warranted? Fast facts Sorare, Axie Infinity, Art […]

Mutant Ape Yacht Club becomes 5th NFT collection to join the $1B club 

Mutant Ape Yacht Club (MAYC) became the fifth non-fungible token (NFT) collection to cross US$1 billion in all-time sales on Wednesday, according to data from CryptoSlam.  See related article: Mutant Ape NFTs collect $140 million on OpenSea market Fast facts Axie Infinity occupies the top spot in sales volume with over US$4 billion, followed by […]

Zuckerberg confirms NFTs coming to Instagram

Meta CEO Mark Zuckerberg confirmed non-fungible tokens (NFTs) are coming to Instagram while speaking at the SXSW festival in Texas on Tuesday. See related article: What decentralization can offer Web 3.0 and social media | Part 1 Fast facts “We’re working on bringing NFTs to Instagram in the near term,” Zuckerberg said. Zuckerberg said the […]

Vogue NFTs for humanitarian aid in Ukraine list on OpenSea

Vogue Singapore and Vogue Ukraine have listed a non-fungible token (NFT) collection “Fashion for Peace” on the OpenSea marketplace to raise funds for humanitarian relief efforts in Ukraine.  See related article: Two sides to every coin: Crypto as a weapon in the fight for Ukraine Fast facts See related article: Ukraine to launch NFT ‘museum’ […]

1 in 3 Filipino gamers would quit jobs to play NFT games: survey

One in three gamers among 1,103 respondents are willing to quit or will consider resigning from their professional positions to play non-fungible token (NFT) games full time, according to a survey conducted by NFT gaming platform Balthazar.  See related article: Top NFT game Axie Infinity generated $1.3B in revenue last year Fast facts Among the […]

Chinese video streamer MangoTV NFT sells out in seconds

MangoTV, a Chinese video streaming platform with 50.4 million subscribers, launched its non-fungible token (NFT) marketplace on Monday, as its first batch of collectibles sold out within seconds since opening.   See related article: China plans crackdown on illegal fundraising in metaverse, NFTs Fast facts MangoTV is owned by the state-backed Hunan Broadcasting System and is the […]

LG first in S.Korea cosmetics industry to digitize beauty brand with NFTs

LG Household & Health Care is minting 3,000 non-fungible tokens (NFTs) on OpenSea to promote its beauty brand Belif with plans to further expand linkage with the metaverse. See related article: TV home shopping in South Korea moves to the metaverse Fast facts LG’s Klaytn blockchain-based NFT collection consists of 12 characters from the Belif […]

Singapore’s crypto future; Korea “White Day” NFTs a hit

Singapore’s image as a “crypto hub” may soon change as the country doubles-down on it’s stance that crypto currency is “not suitable for the general public”. Meanwhile, Korean convenience store giants CU launch their White Day NFT competition.

Ukraine to launch NFT ‘museum’ depicting Russian invasion

The Ukrainian government will launch a non-fungible token (NFT) collection that will be “like a museum of the Russian-Ukrainian war,” the Guardian reported on Sunday, citing minister of digital transformation Alex Bornyakov.  See related article: Ukraine cancels crypto airdrop, promises NFTs Fast facts Each NFT will feature digital art depicting a news story from trusted […]

L’Dezen auctions physical and NFT earrings for owner and avatar

A pair of diamond earrings designed by luxury lifestyle brand L’Dezen and its non-fungible token (NFT) counterpart sold for 3.27 ETH (US$8,205) at an online auction on Saturday at Ethereum-based marketplace Digital Twin.  See related article: How high fashion is waking up to blockchain’s possibilities Fast facts The winning bidder will receive the physical jewelry […]

20,000 line up for S.Korean convenience store’s NFTs on White Day

South Korean convenience store CU’s non-fungible token (NFT) collectibles airdrop event for White Day, a local romantic holiday, drew in more than 20,000 applications.  Read related article: Samsung-backed university to issue NFTs to select graduates Fast facts March 14 is celebrated as White Day in Japan and Korea, where men return the favor to women […]

NFTs subject to existing tax rules in Singapore, FM says

Income from non-fungible tokens (NFTs) in Singapore will be subject to existing income tax rules, the Business Times reported, citing Singapore Finance Minister Lawrence Wong’s Friday speech in parliament.  See related article: Singapore prohibits crypto, NFT transactions in sanctions against Russia Fast facts However, individuals who receive capital gains from NFT transactions will not be […]

Third Chinese tech giant Baidu to open NFT marketplace

Baidu is airdropping over 20,000 non-fungible tokens (NFTs) of nostalgic Chinese cartoon characters ahead of its upcoming marketplace launch by the end of March. See related article: Tencent calls dibs on metaverse virtual concerts in patent application Fast facts See related article: Alibaba NFT marketplace suspends users for massage gun rapid clicks

Alibaba NFT marketplace suspends users for massage gun rapid clicks

Alibaba’s non-fungible token (NFT) marketplace Jingtan issued one-year suspensions to more than 680 accounts for using computer programs and massage guns to make instant purchases as soon as items hit the market. See related article: Ant Group’s NFT arm punishes users for digital collectible resales Fast facts See related article: Why Asia is poised to […]

Fans celebrate NFT artist Alotta Money’s life at Cryptovoxels metaverse 

The crypto and non-fungible token (NFT) community organized a tribute for French NFT artist Alotta Money at the Cryptovoxels metaverse on March 5, two days after he lost his battle with cancer and a day after what would have been his 50th birthday.  See related article: S.Korean presidential hopefuls campaign to avatars in the metaverse […]

China plans crackdown on illegal fundraising in metaverse, NFTs

China Supreme People’s Procuratorate warned of “severe punishment” for financial crimes such as illegal fundraising and money laundering in a work report released on Tuesday.  See related article: ‘Metaverse’ enters government radar at China’s Two Sessions Fast facts China’s highest procuratorate has taken note of rising financial crimes deemed illegal fundraising, disguised as metaverse, non-fungible […]

Why NFT scams are on the rise — and how to stop them

‘Lazy minting’ may seem affordable but heightens the risk of NFT theft, writes Anthem Blanchard of Herasoft. Is storing NFTs on-chain the solution?

NFT startup Immutable valued at $2.5 billion in Temasek-led financing

Australian non-fungible tokens (NFTs) startup Immutable has raised fresh funding in a round led by Singapore’s Temasek, bringing its valuation to US$2.5 billion, the company said in a statement on Monday.  See related article: Jump in NFT demand reflects crypto prices, right? Wrong Fast facts Immutable raised US$200 million in a Series C funding led […]

S.Korean presidential candidate issues over 22,000 NFTs

The conservative candidate for South Korea’s March 9 presidential election, Yoon Suk-yeol, issued non-fungible tokens (NFTs) featuring images and videos of himself on Monday in an attempt to sway younger voters at the final stages of his campaign.  See related article: Crypto investors are being wooed in South Korea’s tight presidential election Fast facts Yoon […]

Singapore prohibits crypto, NFT transactions in sanctions against Russia

The Monetary Authority of Singapore (MAS) has prohibited transactions involving digital assets such as cryptocurrencies and non-fungible tokens (NFTs) in its sanctions against Russian banks and entities, the central bank said in a statement.  See related article: USDT-RUB volume outpaces Bitcoin pair as Russia sanctions pile Fast facts Following Russia’s invasion of Ukraine, MAS will […]

Ukraine cancels crypto airdrop, promises NFTs

Vice Prime Minister Mykhailo Federov said on Thursday that Ukraine would cancel a crypto airdrop created to reward its donors that had been announced just one day before. Fast facts “After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the agression. […]

NFTs enter ‘mini-bear market’ as buyers drop to three-month low

The number of unique non-fungible token (NFT) buyers in February dropped to 843,000, in what data aggregator CryptoSlam calls a “mini-bear market.” See related article: Wash trading in NFT marketplace LooksRare can inflate prices: analysts Fast facts February’s NFT market had a 7% month-over-month drop in buyers from the all-time high set in January. February […]

Ukraine DAO NFT sells for $6.5M (2,173.6 ETH)

The Ukrainian flag non-fungible token (NFT) auctioned by Ukraine DAO was sold to a pool of donors for  2,173.6 ETH (US$6.534 million) on Wednesday, as proceeds are expected to support Ukrainians affected by the invasion.  See related article: ‘We don’t have time’ for traditional fundraising, crypto is most efficient: Ukraine DAO Fast fact The NFT […]

Metaverse NFT projects boom as Meta ignores blockchain

It’s been a booming time for the NFT market, and as data from CryptoSlam shows, there has been particular interest in metaverse projects recently.

Ethereum reaches 1 million NFT buyers as gas fees sink

The total number of unique non-fungible token (NFT) buyers on the Ethereum blockchain crossed the 1 million customers milestone on Sunday as the network’s gas fees slid to its lowest since August.  See related article: Ethereum price expected to hit $7,609 in 2022: report Fast facts NFT sales on Ethereum increased by 36.06% in the […]

Top NFT game Axie Infinity generated $1.3B in revenue last year

Top non-fungible token (NFT) game Axie Infinity generated US$1.3 billion in revenue over the past year, reaching a daily peak of US$17.5 million on Aug. 6, 2021, according to a new report from blockchain analytics firm Nansen. See related article: Axie Infinity becomes first NFT series to break $4B in sales Fast facts Axie Infinity […]

BSN to integrate CasperLabs’ chain to support NFT issuance in China

CasperLabs, a smart contracts protocol, is set to power part of China’s state-backed non-fungible token (NFT) network, to support the legal issuance of NFTs in mainland China. See related article: BSN to integrate Neo’s chain to bolster NFT issuance in China Fast facts The Blockchain-based Service Network (BSN) will add Casper Network-powered Fuzhou Chain to […]

Jupiter Meta launches fully curated NFT marketplace in India

Jupiter Meta on Wednesday launched a fully curated non-fungible token marketplace in India focusing on music, film and gaming.  See related article: WazirX launches India’s first NFT marketplace Fast facts The NFT marketplace is built on Jupiter Meta’s Rubix blockchain, which the company claims has zero gas fees and is sustainable.  Jupiter Meta has also […]

Second K-pop agency taps Binance for NFT partnership

Binance inked a partnership with an SM Entertainment subsidiary to explore non-fungible token (NFT) opportunities, the second K-pop agency to sign with Binance in February.  See related article: Animoca Brands, K-pop agency Cube form metaverse joint venture Fast facts The pair will build what they call a “play-to-create” ecosystem, which aims to let fans reproduce […]

Alibaba to reward NFTs in its first blockchain game

Alibaba is rewarding non-fungible tokens (NFTs) on its first blockchain game Ant Adventure, which can be played through the Alipay mobile application, one of China’s leading mobile payment providers.  See related article: Ant Group’s NFT arm punishes users for digital collectible resales Fast facts Ant Adventure is powered by Alibaba’s blockchain AntChain, and takes users […]

Why Are NFTs Worth Anything At All?

How do NFTs create value? The answer is not as complex as it seems.

Ant Group’s NFT arm punishes users for digital collectible resales

Jingtan, Alibaba affiliate Ant Group’s non-fungible token (NFT) platform, has placed limitations on at least 56 accounts for participating in the resale of digital collectibles, after various collections surged in popularity in online second-hand markets.  See related article: CCTV NFTs hit resale market before transfer permitted Fast facts Jingtan, developed by AntChain, said it has […]

BAYC NFT owner sues OpenSea for $1M over hack

A former owner of a rare Bored Ape Yacht Club non-fungible token (NFT) is suing marketplace OpenSea for US$1 million or the token’s return after an exploit on the platform saw the NFT sold for a fraction of its market value. See related article: OpenSea NFT marketplace hacked for 332 ETH Fast facts Texas man […]

NFT credit card in the works for top S. Korean crypto exchange

Dunamu, the operator of crypto exchange Upbit, signed a memorandum of understanding with credit card company BC Card on Monday to develop a non-fungible token (NFT) and metaverse-based credit card. See related article: South Korean crypto exchange acquires stake in major bank Fast facts Certain items purchased offline via the Dunamu BC Card will be […]

NFTs Explained in Less than 4 Minutes

When 3D artist Beeple sold a digital piece of art for a record $69 million through Christie’s, the world went NFT crazy. But what exactly is an NFT?

Axie Infinity becomes first NFT series to break $4B in sales

Play-to-earn superstar Axie Infinity became the first non-fungible token (NFT) series to cross the US$4 billion mark in historic sales early Tuesday morning Asia time, according to CryptoSlam data. See related article: Axie Infinity fans play their way to payday as game token prices soar Fast facts Running on the Ethereum sidechain Ronin, Axie Infinity’s […]

Korea’s KB embraces crypto; China’s NFT fever

NFTs hit resale market in China despite criticism over speculation. Meanwhile, South Korean financial giant plans crypto funds.

Jump in NFT demand reflects crypto prices, right? Wrong

An asset bought and valued in crypto becomes decoupled from crypto prices, a split that reflects the differences between crypto investors and NFT buyers.

NFTs can upend the music business. Artists should take note

Blockchain technology allows musicians to sell songs directly and earn more per song, writes Adi Ben-Ari of Applied Blockchain.

CCTV NFTs hit resale market before transfer permitted

Non-fungible tokens (NFTs), or digital collectibles, issued by China Central Television (CCTV), the nation’s largest state-owned broadcast media, are appearing in China’s largest online second-hand market for at least 10 times the original price in a pre-sale bid, even before trade embargoes on the assets have lifted.  See related article: China’s mouthpiece newspaper is giving […]

OpenSea CEO: $1.7M phishing not from the NFT marketplace

OpenSea CEO Devin Finzer has responded to an apparent phishing scam that targeted its users in a US$1.7 million theft of popular non-fungible tokens (NFTs) such as Bored Ape Yacht Club and Azuki.  Fast facts “As far as we can tell, this is a phishing attack. We don’t believe it’s connected to the OpenSea website. […]