Luxury watches are now being used as collateral for DeFi loans via the integration of non-fungible tokens (NFTs). CirrusNFT, a pseudonymous NFT collector, shared a story on July 11, 2023, that highlighted how an anonymous borrower successfully secured a $35,000 loan on Arcade, a DeFi protocol for NFT lending. Coolest ...
The autonomous territory of the Faroe Islands has launched its first series of a unique collection of digital "crypto stamps." These stamps, named "Stamps of Maybe," are digital replicas stored on the blockchain as nonfungible tokens (NFTs), and they also serve as valid postage. According to the announcement made through ...
NFT platform Foundation has successfully resolved a critical issue related to a self-destruct capability that posed a threat to NFTs created on the platform. Elpizo Choi, Foundation's CTO, took to Twitter to announce that the problem had been resolved for contracts deployed before March 6. Choi added that contracts deployed ...
In a significant leadership change, GameStop has fired its CEO, Matthew Furlong, and appointed billionaire investor Ryan Cohen as executive chairman. The company confirmed Furlong's termination in a statement on June 7, 2023, without providing an explanation for the decision. Furlong also resigned from his position as a company director ...
The non-fungible token (NFT) marketplace, Blur, has partnered with venture capital firm Paradigm to launch Blend, a collateralized lending system that allows buyers to purchase NFTs using a buy-now, pay-later (BNPL) method. According to Blur, the lending system will not charge borrowers or lenders any fees. However, this announcement has ...
According to a report from NFTGo, a popular analytics portal, the non-fungible token (NFT) market has seen more sellers than buyers for the entire month of April 2023. The report, released on April 26, 2023, reveals that as of that date, only 7,907 buyers were recorded, while 8,641 people were ...
CoinGecko, a cryptocurrency analysis platform, recently released the results of a poll that sheds light on the behaviour of non-fungible token (NFT) holders. The report, published on April 6, 2023, shows that the majority of NFT holders own 51 or more NFTs, with only a small group of respondents owning ...
The Avalanche Foundation yesterday announced the launch of Avaissance, an initiative intended to revolutionize Avalanche NFTs by igniting the creativity of artists and boosting the growth of its platform’s ecosystem. Avaissance begins! The Avalanche Foundation is launching the Avaissance initiative to grow the #AVAX NFT ecosystem and support its budding ...
Former US President Donald Trump’s NFT Trading Cards collection recorded a surge in value in the past 24 hours despite the news that the former president is under criminal investigation. The trading volume of Trump Digital Trading Cards has surged by approximately 300% over the past 24 hours. Data from ...
