NFT

OpenSea, a leading marketplace for digital collectibles and non-fungible tokens (NFTs), has announced support for Arbitrum Nova, a Layer 2 blockchain that aims to provide low-cost data availability. Arbitrum Nova, a new addition to the Arbitrum ecosystem, is intended to be the premier choice for Web3 gaming and social applications. Together with Arbitrum One, which

SuperRare, a non-fungible token (NFT) marketplace, has laid off 30% of its staff due to the prolonged crypto winter. CEO John Crain stated that the company overhired during the market boom, leading to unsustainable growth. The layoffs were necessary to “rightsize” the company and ensure its ability to continue serving the artist and collector communities.

Coinbase has revealed that its latest app update was blocked by Apple. Users of Coinbase Wallet iOS can no longer send NFTs. Apple reportedly wants 30% of the gas fees levied on NFT transactions. The exchange has warned that this will have a major impact on iPhone users that interact with NFTs. Coinbase, the largest crypto

Summary: The decentralized exchange announced non fungible token trading on Wednesday months after buying Genie, a major NFT aggregator. Wednesday’s update features a $5 million airdrop in Circle’s USD Coin (USDC) for Genie users. The popular DEX hopes to bridge the gap between crypto exchanges and digital collectible marketplaces. Uniswap Labs, the startup behind DeFi’s

luxury watch brand Rolex has filed for NFT and metaverse trademark applications. Rolex is keen on introducing NFTs as well as NFT-backed content and a dedicated online space that facilitates the selling and purchasing of “virtual products such as watches and watch parts.” Luxury watchmaker brand Rolex is now joining the growing NFT metaverse bandwagon

Google Cloud has announced a new block-producing Solana validator to participate in the network’s validating process The platform has also launched Blockchain Node Engine, A web3 node hosting service on Solana. Google Cloud has also announced its partnership with Coinbase. Sol prices are up 16% at press time as Google Cloud took to Twitter to

DappRadar’s report outlines an 18% increase in the unique NFT trader count. The positive metrics denote that the NFT sector is still experiencing an influx of new people, proving that NFTs are still in great demand. NFT analytics firm DappRadar has documented an increase of 18% in monthly unique NFT traders. The report further stated

SuperRare launches RarePass, dubbed “Genesis,” to tempt crypto NFT users. RarePass will allow users to receive specially curated art NFT drops by leading global artists like Pinder Van Arman and XCOPY. Prominent art NFT marketplace SuperRare has launched “Genesis RarePass,” through which users can easily receive curated crypto art from some of the top NFT

Instagram, in collaboration with Polygon, has announced the launch of its own NFT marketplace. The marketplace will permit users to mint and sell their NFTs on the platform. Social media giant Instagram announced the launch of its own NFT marketplace, which will soon permit its users to mint and trade NFTs. Instagram Launches the NFT

GameStop has finally gone live on the Immutable X blockchain  Immutable X is known for its 100% carbon-neutral minting and trading process. Per the latest announcement made by GameStop, the gaming giant has finally unveiled its NFT marketplace on layer two Immutable X blockchain. The GameStop NFT Marketplace Is Finally Here  The GameStop NFT marketplace

Summary: Twitter announced the development of a blockchain feature for non-fungible tokens. Dubbed “NFT Tweet Tiles”, the update could allow users to buy and sell NFTs through tweets on their timelines. The feature is Twitter’s first crypto-focused move since Elon Musk acquired the social network for $44 billion. Earlier, paid subscribers of Twitter’s Blue service

The Premier League is reportedly in talks with NFT-based fantasy gaming firm Sorare. The £30 million multi-year deal will see Sorare deliver NFTs to Premier League fans. The league is also considering a separate NFT-related deal with Dapper Labs. Sorare counts French footballer Kylian Mbappe and SoftBank among its backers.  The Premier League is reportedly

Social media giant Reddit has been making waves in Web3 thanks to the recent spike of interest in its NFT-based Collectible Avatars. Through seamless onboarding and vibrant artwork, Reddit Avatars have won the hearts of many, including non-NFT enthusiasts. With that, some are beginning to speculate that the forum-based website could be heading for the

Reddit NFTs have been all the rage, with the platform’s users reportedly creating over 3 million crypto wallets to scoop up these Polygon-based digital avatars. Many believe that having a smooth onboarding process for non-crypto-native users and free airdrops are the main reasons behind the collectibles’ popularity. In the middle of what many perceive to

According to John L. Baptiste, the former CEO of Onswipe, Apple’s new NFT rules could limit web3 adoption  Apple has officially introduced new NFT rules that are up for debate among several crypto proponents. Tech giant Apple has issued a new NFT guideline strictly demarcating the areas that users can explore in the NFT domain.

As NFT royalties continue to be widely discussed and debated, DeGods NFT creator Frank shared his own proposal on how to address the royalties fiasco. According to his plan, Frank envisions a new token standard that prevents NFTs from interacting with a list of blacklisted contracts. The list may include smart contracts of marketplaces that