NFT Marketplaces
Alipay and Tencent now call NFTs ‘digital collectibles’ amid state media criticism
Tech giants banish non-fungible token references as Beijing looks down new virtual asset market.
Timmy Shen
Lens
NFT – Non-Fungible Token
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Upcoming NFT Projects
Chinese e-commerce giant JD.com offers NFTs despite state media criticisms
Chinese e-commerce giant JD.com is giving away free non-fungible tokens (NFTs) to those who sign up for its annual technology conference JD Discovery, in a move to jump on the NFT bandwagon following its rivals Alibaba and Tencent. Fast facts JD.com’s tech arm JD Technology said yesterday in a social media post it is giving […]
Timmy Shen
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NFTs and Gaming
Blockchain gaming unicorn Animoca Brands closes $65M capital raise at $2.2B valuation
Animoca Brands, a Hong Kong-based blockchain gaming, metaverse and non-fungible token (NFT) company, has closed a capital raise for US$65 million at a pre-money valuation of US$2.2 billion, according to a company statement. Fast facts Investors in the round included Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Token Bay Capital and Justin Sun, […]
Michelle Lim
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Upcoming NFT Projects
Martha Stewart, media mogul and lifestyle guru, turns to Halloween-themed NFTs
In a sign that non-fungible tokens (NFTs) are hitting home, media personality and businesswoman Martha Stewart, perhaps the biggest influencer on modern American home life and middle-class domestic strivings, just launched online store FRESH Mint that will sell Halloween-themed NFTs featuring pumpkin crafts and costumed images of America’s domestic goddess herself. Fast facts The NFT collection is launched in partnership […]
Monika Ghosh
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NFT Marketplaces
How to make sense of the hot new digital assets, like Bored Apes? Think: Lego blocks
Money, culture and community are now converging in NFTs and the token economy, writes Lily Z. King. Welcome to a new world where ‘money Lego’ meets ‘culture Lego.’
Lily Z. King
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Regulation
South Korean crypto exchanges look for new revenue sources
After iron-fisted regulations closed down many exchanges, remaining trading platforms look for alternatives to transaction fees.
Danny Park
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Regulatory News
Samsung Next, others grow blockchain portfolio despite tightened South Korea regulations
Conglomerates including Samsung continue to invest in blockchain and crypto startups despite a government crackdown on the industry.
Danny Park
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NFTs and Gaming
Steam, Epic Games take opposing stance on blockchain, NFT games
Two of the largest PC video game stores, Steam and Epic Games, have adopted different approaches to blockchain and non-fungible token (NFT)-based games — Steam has shunned them while Epic is open to it. Fast facts As NFT games like Axie Infinity are soaring in popularity, Valve, which operates Steam, has added games “built on […]
Monika Ghosh
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NFTs and Art
Sotheby’s to auction digital art in a digital world
Sotheby’s, the 277-year-old auction house, is launching its own immersive digital experience to offer prospective buyers a new way of engaging with the latest art-world craze — non-fungible token (NFT) artworks — according to a press release shared with Forkast.News. Fast facts Sotheby’s is creating a metaverse to allow users to explore and learn about […]
Lachlan Keller
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NFT Marketplaces
Another Chinese state-run media outlet faults NFT frenzy
The Chinese government-aligned newspaper Guangming Daily published an opinion article to criticize non-fungible token (NFT) hype, which is “definitely not good for the healthy development of NFT.” Fast facts The article cited Gartner, a global technology research company, and its report Hype cycle for emerging technology, indicating that NFTs are at a high point of hype. The […]
Ningwei Qin
