NFT – Non-Fungible Token

Hyundai Motor unveiled a non-fungible token (NFT) membership program for its new electric vehicle (EV) IONIQ 6, which unlocks exclusive access to Web3 content to holders, according to a press release. See related article: Hyundai Motor drives into metaverse branding with Meta Kongz NFT project Fast facts The IONIQ Citizenship includes access to VIP rights […]

As the NFT market slumps, some savvy former American footballers and their business partners have been spurred to push the technology’s potential.

Celsius reveals it has a US$1.2 billion hole in its balance sheet. Meanwhile, a Terra subsidiary is under investigation by South Korean authorities.

A focus on economic sustainability, or play-and-earn, is driving the P2E industry to rein in incentives and instead attract and engage gamers in the hope that they will end up spending on in-game assets.

A Champagne bearing five non-fungible tokens (NFTs) on the surface of its bottle, including the likes of well-known collections Bored Ape Yacht Club (BAYC) spinoff Mutant Ape Yacht Club (MAYC) and a Sneaky Vampire, sold for US$2.5 million in a private sale last Friday. See related article: Scottish whisky brand The Dalmore to offer limited-edition […]

Forkast x CryptoSlam! are proud to present Moments in NFT History — an explainer video series hosted by Forkast’s Joel Flynn that gives you a front-row seat to history-in-the-making. NFTs are defining what an artistic piece is in the digital age by allowing artists to open brand new frontiers and pushing the boundaries to challenge […]

Did you know that artists received about 12% of the music industry’s 2017 revenue? The other 88% was swallowed by record labels, managers, and numerous other business intermediaries. Can blockchain decentralize the music industry and drive more artist empowerment? Find out in this Forkast video explainer.  What you’ll learn: How non-fungible tokens (NFTs) can be […]

The Shanghai government has included metaverse entertainment, non-fungible tokens (NFTs) and Web3 technologies into its five-year digital economy plan, according to a policy paper published on Tuesday. See related article: ‘Metaverse’ enters government radar at China’s Two Sessions Fast facts See related article: Xiamen reveals plan to bolster its metaverse, NFT-related firms

Animoca Brands has raised US$75 million in a new round of fundraising in a move toward an “open metaverse,” defying plummeting markets and a drop in non-fungible token (NFT) sales during the crypto winter season, the Hong Kong-based blockchain game specialist announced on Tuesday.  See related article: Animoca says crypto winter ‘a great time’ for […]

JOOX, Tencent’s music streaming service for the Southeast Asian market, has launched a non-fungible token (NFT) gallery in its app, taking another step in the Chinese tech giant’s Web3 drive.  See related article: Tencent’s music app tests NFT avatars, virtual music room Fast facts In collaboration with music NFT marketplace MusicY, the new NFT gallery […]

GameStop has launched its non-fungible token (NFT) marketplace, allowing artists, gamers, content creators and community members to buy, sell and trade NFTs, the video game retailer announced on Tuesday.  See related article: eBay acquires NFT marketplace KnownOrigin Fast facts The marketplace can be accessed through Web3 wallets such as the GameStop Wallet unveiled in May. […]

Crypto trading platform CrossTower has partnered with Ripple to add non-fungible tokens (NFTs) minted on the XRP Ledger (XRPL) to its marketplace.  See related article: China’s ‘Instagram’ gets into virtual fashion with users strutting NFT clothes Fast facts The partnership will significantly lower the costs and entry barrier for creators who want to mint their […]

CoinFLEX’s deficit rises to US$84 million as it enters arbitration. Meanwhile, a report claims Celsius Network had lost over US$350 million in DeFi.

Paris Saint-Germain F.C. (PSG), the winning football club of the French Ligue 1, is selling non-fungible token (NFT) tickets worth 30 million yen (US$220,000) each for its friendly matches this month with local teams in Japan as well as VIP access to players. See related article: NFTs Explained in Less than 4 Minutes Fast facts […]

Forkast x CryptoSlam! are proud to present Moments in NFT History — an explainer video series hosted by Forkast’s Joel Flynn that gives you a front-row seat to history-in-the-making. CryptoPunks is one of the most popular NFTs. Some argue that it’s the collection that started the entire NFT movement.  Watch and learn how these pixelated […]

Will fashion shows move from Paris and Tokyo catwalks to potential audiences of millions in the metaverse? China’s Xiaohongshu social media site is testing the idea.

SBF’s Alameda Research debt to Voyager emerges. Meanwhile, South Korea agrees to cooperate with the US on Terra-Luna investigation.

Transaction volumes on the Chinese state-backed blockchain’s non-fungible token (NFT) ecosystem were higher than that of Ethereum, the most popular blockchain for such deals, China’s Blockchain-based Service Network (BSN) said in a press release on Wednesday. See related article: China’s Ant Group, Tencent, Baidu, JD.com push for NFT self-regulation Fast facts With 974,517 transactions, the […]

Singapore’s monetary authority mulls on crypto limits. Meanwhile, Manny Pacquiao drops his NFT collection despite the crypto winter.

Web 3.0 company Polium’s plan to make the world’s first “multi-chain gaming console” to support games across different blockchains is an ambitious goal that has met a chorus of skepticism.  See related article: What is Axie Infinity and how is it ushering in gaming 3.0? Fast facts Polium, a startup that first announced its plans […]

The boxer-dog themed collection by Filipino boxing legend Manny “Pacman” Pacquiao, scheduled for minting on July 15, will be released on the Cardano blockchain, the team behind the official non-fungible tokens (NFTs) said on Monday.  See related article: Manny Pacquiao is launching NFTs in memory of dog ‘Pacman’ Fast facts The collection is named in […]

South Korean star dancer NO:ZE unveiled Dance with NO:ZE on Friday, a non-fungible token (NFT) project that sets out to safeguard intellectual properties of choreographers with blockchain technology. See related article: S.Korean music sharing platform to use NFTs for copyright protection Fast facts “The choreographies created so far have not been copyrighted,” NO:ZE said in […]

Three Arrows Capital files for bankruptcy in the US. Meanwhile, SBF and FTX agrees deal with option to buy for up to US$240 million.

Crypto industry sales are slumping, but it’s not just hedge funds and lenders that have been hit hard by the crypto winter. The NFT industry has also begun to feel the chill.

With NFT trading volumes slumping and regulators stepping in, Vignesh Sundaresan, who paid US$69 million for a Beeple artwork, shares his views on the space.

Chinese tech giants including Ant Group, Tencent, Baidu and JD.com are joining yet another self-disciplinary initiative on eliminating speculation of non-fungible tokens (NFTs), also known as “digital collectibles.” See related article: China’s diktat against NFT flipping spawns an ingenious industry Fast facts The companies pledged to resist secondary trading and ensure real-name identification in a […]

Forkast x CryptoSlam! are proud to present Moments in NFT History — an explainer video series hosted by Forkast’s Joel Flynn that gives you a front-row seat of history-in-the-making. The Covid-driven NFT boom paved the way for businesses to explore alternative blockchains as Ethereum gas fees soared to eye-watering heights.  At the forefront of that […]

Protecting an artist’s intellectual property can be difficult in the digital age. Proving a stolen track or digital painting belongs to its creator seemed to be impossible in the near past. Can non-fungible tokens (NFTs) bring more artist empowerment and protect digital property rights? Find out in this Forkast video explainer.  What you’ll learn: What […]

Top blockchain and crypto news: Three Arrows fallout spreads. BIS calls BS on crypto. Chinese regulatory vacuum chills an NFT platform.

The China Alcoholic Drinks Association on Tuesday said its standards will cover but not be limited to cultural and creative products of liquor-based “digital collectibles” or the physical liquor accompanying such assets. See related article: Looking to invest in vintage wine? There’s an NFT coming for that Fast facts The group said the standards will […]

Non-fungible token (NFT) marketplace Yucang Digital Collectibles announced that it is buying back assets sold on its platform due to lack of regulatory clarity.  See related article: NFTs in China must be reviewed: China media watchdog Fast facts The marketplace said operations will continue, but sales and transfers of digital collectibles will be frozen and […]

South Korean cryptocurrency exchange Korbit said on Monday that it has issued employee identification cards (IDs) in CryptoPunks-inspired non-fungible tokens (NFTs). See related article: NFT credit card in the works for top S. Korean crypto exchange Fast facts Various South Korean industries have experimented with NFTs for official documentation, such as graduation certificates. Korbit, one […]

Singapore-based public blockchain platform Klaytn and non-fungible token (NFT) marketplace OpenSea announced on Friday a partnership to bolster the Asian NFT ecosystem. See related article: Kakao’s Klaytn to build blockchain in China with BSN Fast facts The partnership includes conference collaborations and ecosystem grants to promote Asian NFT projects to the global audience. Klaytn is […]

Forkast x CryptoSlam! are proud to present Moments in NFT History — an explainer video series hosted by Forkast’s Joel Flynn that gives you front-row seats of history-in-the-making. The Covid-19 pandemic will go down as one of the most siloed years to live through in recent memory. But for NFTs, those were the days — […]

E-commerce giant eBay has acquired U.K.-based non-fungible token (NFT) marketplace KnownOrigin, the company announced in a press release on Wednesday.  See related article: Alibaba Cloud launches service to build NFT marketplaces Fast facts According to the press release, both companies signed and closed the deal on Tuesday, but the purchase price and further details on […]

Top blockchain and crypto news: Investors snowed in as liquidity crunch hits. Solend harpoons anti-whale maneuver. Chinese NFTs prove a tricky target.

Dogecoin and Shiba Inu make gains as Elon Musks tweets support. Meanwhile, Vauld joins other crypto exchanges in axing staff.

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.

Enticed by promises of crypto rewards, Joel Stein hits the streets of Los Angeles with a beautiful NFT sneaker. What does he earn — and learn?

Crypto exchange ByBit lays off 30% of its staff. And as the NFT market grows, how do we combat against scams?

Lianwan, a Chinese “digital collectibles” platform that sells blockchain-based images, had claimed it was working with the Hong Kong action star. But Koo’s agency has denied any involvement. See related article: Storm in a teacup? WeChat bans account for flipping NFTs Fast facts On Saturday, Lianwan apologized for using Hong Kong action star Louis Koo […]

Celsius and Babel Finance’s freezing of customer accounts highlights the risks of intermediaries, writes Nick Saponaro. Crypto users should take back control.

The ban comes as Chinese companies seek to comply with Beijing’s diktat against speculative activity in non-fungible tokens (NFTs). See related article: China’s diktat against NFT flipping spawns an ingenious industry Fast facts WeChat banned the official account of a Chinese NFT platform for “business activities related to secondary trading of digital collectibles or cryptocurrency.” […]

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.

More than a passing fad, NFTs can empower philanthropic organizations in ways never thought possible before, writes Nick Lynch of Collidescope.io.

Despite its rising popularity, GameFi has lessons to learn from Web 2.0 and elsewhere before it can gain a comparable user base, says Ethlas chief Wui Ngiap Foo.

BlockFi’s Zac Prince says they have fully liquidated 3AC positions. Meanwhile, Hong Kong’s central bank works with the Bank of Israel to study CBDC security.

Digital collectibles in mainland China will enjoy copyright protection only after a review, National Press and Publication Administration blockchain copyright director Liu Tianjiao said. See related article: China’s diktat against NFT flipping spawns an ingenious industry Fast facts See related article: China-run media outlet criticizes NFT platform as a payment risk

Forkast x CryptoSlam! is proud to present Moments in NFT History — an explainer video series hosted by Forkast’s Joel Flynn, that gives you a front-row seat of history-in-the-making. In Episode Three, we take a look at how NFTs are loading the bases in the world of sports. Here’s how MLB Champions hit a home […]

An open and interoperable metaverse economy will drive consumer activity — and it’s on a similar track for growth as e-commerce, writes Ben Caselin of AAX.

Philippines senator and boxing legend Manny Pacquiao is launching non-fungible token (NFT) project Pacman to commemorate his late Jack Russell Terrier. See related article: Are PewDiePie, Manny Pacquiao and Spencer Dinwiddie riding the blockchain wave? Fast facts The cartoonish boxer dog-themed NFT collection pays tribute to Pacquiao’s pet Pacman, who was accidentally run over by […]

Beijing Poly International Auction teased an online auction of 32 NBA Top Shot non-fungible tokens (NFTs), including collectibles of basketball stars Stephen Curry, Kevin Durant, and Kyrie Irving, with starting prices ranging from 100 yuan (about US$15) to 50,000 yuan (US$ 7,471). See related article: NBA is taking the lead with blockchain, crypto Fast facts […]

Forkast x CryptoSlam! is proud to present Moments in NFT History — a new video series hosted by Forkast’s Joel Flynn, that gives you a front-row seat of history-in-the-making. In Episode Two, we take a look at the aftermath of the CryptoKitties craze — this time, it’s NFT unicorns. Watch and learn, and you might […]

The Japanese government on Tuesday gave the green light to a new policy that plans to develop and expand the Web3 environment in the country, including the use of cryptocurrencies, non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). See related article: Japanese crypto firms team up to form a metaverse association Fast facts The approved […]

Alibaba Cloud on Wednesday said its service will help build NFT marketplaces in a fast and reliable way, without addressing compliance issues. See related article: Resist the temptation on NFTs, Chinese state-backed developer says Fast facts See related article: Move-to-earn app STEPN to limit service in China

Top blockchain and crypto news: Binance BNB slips amid allegations. STEPN marches through attacks. Is China’s slowdown straining crypto prices?

Hyundai Card, Hyundai Motor Group’s credit card arm, announced a joint venture with South Korean tech startup Like Lion to launch a non-fungible token (NFT) marketplace in the second half of this year. See related article: Hyundai Motor drives into metaverse branding with Meta Kongz NFT project Fast facts The joint venture, coined Modern Lion, […]

Immutable X, a layer-2 scaling solution on Ethereum, has exploded onto the scene, with secondary non-fungible token (NFT) sales volume doubling in the past month as it expands into new partnerships and collaborations.  See related story: NFT startup Immutable valued at $2.5 billion in Temasek-led financing Fast facts The Immutable X blockchain has exceeded US$100 […]

Nine cryptocurrency and blockchain companies, including crypto exchange FTX, made it to the 2022 list of the Forbes Fintech 50 released Tuesday, with all nine raising a total of US$6.5 billion in venture capital, according to the business magazine. See related article: FTX.US forays into stock trading Fast facts The latest list features private companies […]

Leading crypto exchange Binance swats away double-helping of allegations. Meanwhile, Hong Kong’s regulator scrutinises NFTs.

In hosting one of Asia’s largest outdoor NFT art exhibitions, the city — battered by lengthy quarantines and protests — is seeking to revolutionize the way art is presented.

Non-fungible tokens (NFTs) can be regulated if they represent similar characteristics to securities, particularly in the category of “collective investment schemes,” Hong Kong’s Securities and Futures Commission (SFC) said on Monday.  See related article: Hong Kong retail investors blocked from Bitcoin spot ETFs Fast facts See related article: Hong Kong to propose bill to license […]

The downturn is forcing Web3 firms into a reset — and opening opportunities for Web2 entrepreneurs to enter the playing field, writes Lily Z. King of Cobo.

STEPN, the move-to-earn blockchain game, suffered a distributed denial-of-service (DDOS) attack during an “anti-cheating” update over the weekend, leading to network issues and user frustrations.  See related article: Move-to-earn app STEPN to limit service in China Fast facts During the update, an attack of 25 million messages led to hours of server shutdowns, with some […]

Forkast x CryptoSlam! is proud to present Moments in NFT History — a new video series hosted by Forkast’s Joel Flynn, that gives you a front row seat of history-in-the-making. In Episode One, we take you back in recent times. Not only were CryptoKitties cute and unique, but their rise to fame foreshadowed the budding NFT craze to […]

The rapper, record producer and fashion designer is seeking trademark protection for his YEEZUS name, signaling an intent to launch namesake amusement parks, non-fungible tokens (NFTs), toys and more. See related article: UK regulator slams Kim Kardashian for endorsing speculative token Fast facts Applications for 17 NFT and metaverse experience trademarks were made to the […]

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, […]

The right balance of regulations can better protect gaming companies’ intellectual property as well as players’ assets, writes Henry Chang of Wemade.

The U.S. Department of Justice (DOJ) has charged Nate Chastain, a former employee of the non-fungible token (NFT) marketplace OpenSea, with wire fraud and money laundering for allegedly using confidential information from the platform to trade NFTs. See related article: Insider trading scandal rocks world’s biggest NFT platform OpenSea Fast facts The DOJ alleges Chastain, […]

The “social” humanoid developed by the Hong Kong-based Hanson Robotics released her non-fungible token (NFT) collection, Baby Singularities, on OpenSea on Wednesday, according to a statement on her verified Twitter handle.  See related article: Meta showcases focus on AI, announces new voice assistant program Fast facts Sophia, who gained fame for being the world’s first […]

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%. […]

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 […]