Chain News Daily Today TheBitTimes.com

The global non-fungible token market continues to attract institutions, businesses and prominent figures. Reid Hoffman, the co-founder of LinkedIn and a well-known venture capitalist, is the latest prominent figure to declare his foray into the burgeoning non-fungible token sector. Reid has picked a CryptoPunks profile picture as his profile image for his X account (formerly Twitter). Reid Hoffman Enters The NFT Space In an October 24 blog post, Mr. Reid Hoffman confirmed that he has eventually joined the non-fungible token space. Hoffman is a prominent American entrepreneur, investor, and author, best known as the co-founder of LinkedIn, the world’s largest professional networking service. A key figure in Silicon Valley, he is a partner at Greylock Partners and has been a prominent investor in and advocate for artificial intelligence, co-founding companies like Inflection AI. Picked this guy up a few months ago. Been investing in the space since 2013, and now excited to joi...

In recent days, the non-fungible token market has witnessed a significant evolution that has also fueled a massive resurgence. In the past few years, investors focused mainly on digital art NFTs, but today, traders have shifted focus towards real-world assets and gamified digital assets. At the forefront of this great transformation is the Immutable network that has garnered a massive surge in terms of weekly sales volume. Immutable Surpasses Ethereum 7-Day NFT Sales Data compiled by CryptoSlam.io, a multi-chain non-fungible token data tracker, shows that the global non-fungible token market has skyrocketed in trading sales volume this past week. In the past seven days, the global non-fungible token market has recorded a trading sales volume of $133 million, up 5.71% from the past week. The recent NFT resurgence shows that NFTs are evolving beyond just digital art. Immutable, the leading Layer 2 for NFTs and blockchain gaming, secured on the Ethereum main network, was the most ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Polygon, a renowned scaling solution network on Ethereum, has surpassed the giant blockchain networks Bitcoin, Solana, and Mythos Chain in terms of daily sales volume. In the past 24 hours, the Polygon-based non-fungible token series has raised a trading sales volume of $2.8 million, up over 140% from the past day. In this article, we shall explore some of the factors fueling the recent Polygon NFT market growth. Polygon Pumps 140% In Daily NFT Sales Volume Data fetched by cryptoslam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible collections explorer, shows that the Polygon NFT market has experienced a massive surge in trading sales volume. In the past 24 hours, the Polygon NFT collections have raised a trading sales volume of $2.8 million. Polygon has emerged as the second most-traded NFT blockchain in the global NFT market. During this time, Ethereum, the blockchain network renowned for hosting most NFT collections, is the top-traded blockchain n...

Despite the rapid expansion of the global non-fungible token market, regulatory uncertainty has remained a significant roadblock for investors. But in recent days, the regulatory landscape surrounding non-fungible tokens appears to be taking a new shape. In another exciting incident, the United States Securities and Exchange Commission (SEC) has dropped investigations into the Bored Ape non-fungible token creator Yuga Labs. The SEC Ends Probe into Yuga Labs In a March 4 blog post, the Yuga Labs team confirmed that the United States Securities and Exchange Commission (SEC) has officially closed its investigation into its NFT company. The regulatory commission put Yuga Labs into intense scrutiny three years ago, citing that the digital asset company was trading unregulated securities. By description, securities are financial products representing digital ownership in a company, such as stocks, bonds, and notes. After 3+ years, the SEC has officially closed its investigation into Yuga...

Phantom, a renowned multi-chain crypto and non-fungible token wallet services provider, has acquired SimpleHash, a token data platform, to enhance real-time price tracking, non-fungible token metadata, and marketplace activity. This announcement has led to immediate market reactions, with Phantom’s native token, PHANT, experiencing a 5.3% price surge from $1.13 to $1.19 within the first hour. Phantom is getting even better! — Kumeka Team (@KumekaTeam) February 26, 2025 Phantom Acquires SimpleHash In a February 26 press release, Phantom confirmed that they had acquired SimpleHash, a token data platform. Under the acquisition, the SimpleHash and Phantom teams will join hands to supercharge token data tracking for Phantom users, ensuring they get the most accurate and high-performance wallet experience possible. In a short statement after the acquisition, Brandon Millman, CEO of Phantom, remarked: “By bringing on SimpleHash, we’re ensuring that Phantom users ...

An unusual method of farming Pudgy Penguin tokens (PENGU) shared online claims bulk-buying $20,000 of Pudgy merch could net a $50,000 profit for anybody willing to put in a bit of extra leg work. According to X user @Deroidz, if you redeemed the NFT of every Pudgy plushie or figurine bought, you could get $50 apiece from the upcoming Pengu token airdrop when it’s sent to NFT holders.  This assumes holders will be receiving a generous $50 worth of PENGU. However, this figure is worth double the price of the toys and is unlikely to be distributed. Regardless, by following @Deroidz’s advice, you would have to scan 1,000 different QR codes to make a profit of $30,000. have fun scanning 1000 SBTs — gino.eth (@GinoTheGhost) December 16, 2024 Not everyone was impressed with the Pudgy Penguin token farming method. To make the extra $20,000 you’d need to return all of your scanned Pudgy merchandise to Amazon, and hope that you receive a refund.  The gla...

The founder of Catly, a new video game described as “AI-slop” that debuted at the 2024 Game Awards in Los Angeles last week has a history with failed NFT and blockchain games. The first game from SuperAunthenti Co., Catly’s trailer left X users questioning how it secured a Game Awards spot and promotion by big-name influencers, such as Pokimane and Ninja.   The studio’s co-founder, Kevin Yeung, also launched TenthPlanet, a game company focused on Web3, NFTs, digital ownership, and blockchain-based games. In 2022, his studio reportedly planned to launch two blockchain games and sunk $2.5 million into a cat-themed project called Alien Meow.  This “cat metaverse” planned to “generate in-game value from breeding, much like CryptoKitties,” Yeung claimed. A beta was supposed to release by early 2023 but this never happened. Its other blockchain game, Mech Angel, is also nowhere to be found .  AAA CATs are here! CATLY unveils the most beautiful CAT MMO...

American fitness brand Reebok has entered into a collaboration with web3 startup Futureverse. As per an X thread published by Futureverse on Dec. 7, 2023, Reebok is set to dive deep into the web3 with its new initiative dubbed “Reebok Impact.” While the details of the collaboration were not disclosed, Futureverse says the Reebok-focused venture will debut in 2024, featuring a “heart-bending digital shoe experience that will allow mass consumers to dive into artificial intelligence and digital wearables.” Thrilled to announce our exclusive partnership with @Reebok to leverage our AI and metaverse technology to revolutionize digital fashion. Together, we introduce @ReebokImpact. Coming 2024. pic.twitter.com/30Qk02aujk — Futureverse (@futureverse) December 7, 2023 You might also like: Adidas announces collaboration with NFT artist Fewocious In a commentary to WWD, Daniel W. Dienst, Executive Vice Chairman of Tactical Opportunities at Authentic...

Scammers posing as Forbes journalists have been targeting BAYC holders to set up interviews and distract them while they attempt to steal their apes. A Bored Ape Yacht Club (BAYC) owner says he has managed to avoid a potentially “dreadful day” after being asked to retrieve a banana for a photo from someone they initially believed was interviewing them for Forbes. On Nov. 27, NFT collector ‘Crumz’ detailed his run-in with a scammer  posing as a Forbes journalist. He reported that someone pretending to be Robert LaFanco — a real Forbes editor, contacted him by direct message from an impersonator account with the offer of an interview for a new article about BAYCs.  SCAM ALERT!! I just spent the last 2hours on Zoom with '@Forbes' it was pretty sophisticated and well thought out because I'm usually on high alert but luckily I wasn't caught. Here's what they did. 1/8 — Crumz (@crumz10) November 26, 2023 During the interview, the scammer prompted Crumz to clic...

Cointelegraph reached out to various professionals in the Web3 space to get their thoughts on the recent upward trend in NFT sales volumes. In this week’s newsletter, check out Disney’s plans to release a nonfungible token (NFT) platform by the end of 2023 and find out why NFT sales volumes will likely continue their upward trend in the coming months. Read about China’s stance on NFT theft and why the CEO of Roblox “dreams” of interoperability. In other news, find out what caused eye-related complaints at the recent ApeFest event in Hong Kong.  Disney launches NFT platform with Dapper Labs Disney has partnered with NFT company Dapper Labs to launch a digital collectible platform called Disney Pinnacle. Using the platform , Disney will tokenize various characters from the Disney franchise, Pixar and Star Wars as digital collectibles. Fans can trade and collect digital pins once the NFT platform is fully released on the Apple App Store, Google Play Store and for web browsers by the e...

Animoca Brands will become a validator for the Chiliz Chain as the venture capital firm looks to capitalize on the SportFi ecosystem. Venture capital firm Animoca Brands will put its weight behind fan token blockchain Chiliz Chain as it joins the network as a validator within its proof-of-stake authority protocol. Chiliz Chain is the backbone of Socios.com, the platform that operates a plethora of fan tokens for some of the biggest global football and sports teams. Europe’s most loved football clubs and a number of household sports brands have tapped into the solution to power Web3 fan tokens and other blockchain-based offerings. Animoca Brands co-founder Yat Siu says the partnership presents an opportunity for his firm to combine its expertise in nonfungible tokens (NFTs) and gaming with Chiliz’s focus on sports and entertainment-focused blockchain solutions. “We have already seen the rise of DeFi and GameFi, and we believe that SportFi represents the next major growth area that will...

Blockchain-based communities aim to address societal and governance needs, providing better and cheaper services and improving the decision-making process. Blockchain- based virtual nation s are an emerging concept in the digital realm that seeks to address various societal and governance needs like reduced bureaucracy, better legal systems, cheaper services, democratic decision-making and inclusivity . These virtual nation s are decentralized, blockchain- based communities that offer several potential benefits, such as digital sovereignty, transparency, and community-driven governing. In this world increasingly shaped by digital technologies, a Bitcoin-native society Draper Nation, is a new concept poised to redefine traditional notions of governance and societal structures. Underpinned by the Jur Network, a decentralized technical infrastructure, Draper Nation offers a unique model for governance and service delivery. Citizens of Draper Nation have direct ownership and influen...

The lawyer representing Ryder Ripps and Jeremy Cahen struggled to convince a panel of judges that Yuga Labs’ case against his clients should be thrown out under California’s anti-SLAPP statute. Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical ears. In an Oct. 17 hearing, three judges from the United States Court of Appeals for the Ninth District appeared largely unpersuaded by the arguments from the attorney representing Ripps and Jeremy Cahen (known by the pseudonym “Pauly” on X), who argued the case should have been dismissed on the grounds of free speech. Ripps and Cahan’s lawyer, WilmerHale partner Thomas Sprankling, argued the knock-off Bored Ape NFTs were sold and distributed in a way that protested the supposedly anti-semitic imagery hidden within the Yuga Labs-created collection. He repeatedly positioned Ripps and Cahan as selling the NFTs as an avant-garde exerc...

Both NFT Ethics and blockchain analytics account Lookonchain allege that the OpenSea exec played a key role in hyping the AnubisDAO project to investors. Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about how an art gallery in Dubai plans to educate artists about nonfungible tokens (NFT) and Web3, and why NFT marketplace OpenSea said it’s unaware of any involvement of a former executive in a $60 million rug pull. Check out what happened with the Astrology-themed NFT series Lucky Star and, in other news, find out what a Chinese government-owned newspaper plans to do with its own NFT platform. First look: Art gallery in Dubai to educate artists on NFTs, Web3 The forthcoming art gallery 37xDubai, which plans to debut in October, aims to edu...

Sam Curry, a security engineer at Yuga Labs,in a now-deleted X thread, said he was detained at a U.S. airport because he had earlier attempted to investigate a crypto scam. According to reports, he was detained by U.S. federal agents on Sept. 15 after returning from a trip to Japan. Curry was questioned by Internal Revenue Service’s Criminal Investigation (IRS-CI) unit and the Department of Homeland Security (DHS) agents about a “high-profile phishing campaign.” Thinking it was random, the engineer gave his unlocked phone for agents to access OpenSea logs. You might also like: OpenSea ex-manager retracts bail request amid ongoing appeal U.S. agents later served him with a grand jury subpoena to testify in New York as part of an ongoing investigation into wire fraud and money laundering. However, the subpoena was canceled when agents realized Curry wasn’t involved in the case. “I’m sharing this because I think it’s something peop...

Meta has rolled out early access for Horizon Worlds on web browsers and mobile devices. In this week’s newsletter, read about how marketplace Magic Eden integrated compressed nonfungible tokens (NFTs) into its platform and how Meta launch ed its metaverse game on mobile and web. Check out why the Bitcoin Ordinals creator proposes changing the protocol’s numbering system and learn about Atari founder Nolan Bushnell’s perspectives on play-to-earn gaming. In other news, the United States Securities and Ex change Commission (SEC) has charged NFT collection Stoner Cats with offering unregistered securities.  Meta’s Horizon Worlds launches on mobile and web in early access Meta has announced it has started rolling out Horizon Worlds on mobile devices and web browsers. The launch to mobile and web includes a free-for-all shooter game called Super Rumble, where two to six players can play together in fast-paced shooting matches. The launch is only in early access, meaning only a few peo...