Calls for policing NFTs gain ground as fraud cases rise
A perceived failure to address increasing fraud in the NFT industry prompts calls for regulation and the adoption of a more centralized approach to weed out bad actors.
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Tax, bear market temper India’s enthusiasm for NFTs
High taxes amid a bear market are tempering the enthusiasm for NFTs among Indians. But industry participants expect the country’s unique cultural and demographic characteristics to provide a long-term fillip to the industry.
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Goblintown NFTs notch up over US$10 mln in sales over 24 hours
Goblintown NFTs, a new meme-adjacent collection, surpassed the likes of Bored Ape and Mutant Ape Yacht Club, according to CryptoSlam. See related article: Azuki fortunes reverse as sales soar after floor price drop Fast facts Launched on May 22, Goblintown NFTs are unapologetically crude drawings of goblin-like creatures, with a culture built around poor grammar,…
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Sellers of Solana NFTs outpace buyers in May
With over 1 million vendors, unique non-fungible token (NFT) sellers on the Solana blockchain hit an all-time high in May, outpacing unique buyers, according to data tracker CryptoSlam. See related article: Solana NFT sales drop by 21% after OpenSea integration Fast facts From April to May, the number of unique sellers grew by almost 170%.…
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Prada is pioneering its first solo NFT drop Timecapsule
Luxury Italian fashion house Prada announced a scheduled June 2 drop of its first independent non-fungible tokens (NFT), Timecapsule NFT, following its January NFT collaboration with Adidas. See related article: How high fashion is waking up to blockchain’s possibilities Fast facts First started in December 2019, Prada Timecapsule is a monthly online event where an…
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Andreessen Horowitz’s crypto, Web 3.0 warchest swells to US$7.6B
a16z crypto said its fourth fund raised US$4.5 billion, bringing the total amount of funds raised for investment in crypto and Web 3.0 startups by the famed Silicon Valley venture capital firm to more than US$7.6 billion. See related article: Binance, a16z among investors backing Musk’s Twitter bid with US$7B Fast facts Around US$1.5 billion…
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Singapore court’s blocking of NFT transfer tests legal oversight
In an exclusive interview with Forkast, the lawyer representing the claimant discusses what the result means for NFTs and digital ownership.
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Shiba Inu explained — diving beyond the memecoin
Following a year of explosive price gains, the SHIB token is inching closer toward becoming a top 10 cryptocurrency. Will this so-called “Dogecoin killer” succeed? Forkast.News explores what’s in store for Shiba Inu.