NFT

Google has rolled out native support for tokenized digital assets in apps and games on the play store.  The tech giant will allow developers to offer games and apps enabled with trading of NFTs.  Experts saw the latest policy change as a positive step for the crypto space.  Reddit partnered with Google to help update

Summary: A newly formed DAO in the Azuki community voted to hire a lawyer after last week’s Elementals launch. The DAO comprised of 74 members wants to recover 20,000 ETH from pseudonymous founder Zagabond and the blue-chip NFT project. Azuki’s community voiced heavy backlash against the Elementals NFTs with members saying they look strikingly similar

Three Arrows Capital’s (3AC) Grails Collection has been auctioned off by Sotheby’s for almost $2.5 million.  The NFTs that were sold included Tyler Hobbs’ Fidenza #725 CryptoPunk #1326 and Dmitri Cherniak’s Ringers #375. Fidenza #725 attracted the highest bid of over $1 million, exceeding the high estimate by nearly five times.  The NFTs sold in

Summary: A trader splurged almost $1 million buying Bitcoin Inscription #5232025 amid growing debates about congestion on the BTC network. This particular BTC Inscription holds 50,000 ORDI coins, the native asset of Ordinals Protocol which was created by developer Casey Rodarmor. ORDI was introduced earlier this year using the BRC-20 standard after developer Rodarmor designed

OpenSea’s former product manager Nate Chastain has been convicted of wire fraud and money laundering.  A federal jury in New York found Chastain guilty of using insider information to trade NFTs. The former executive faces up to 40 years in prison for netting $50,000 from his insider trading scheme.  Nate Chastain, the former Product Manager

Summary: The incubator dubbed Chiliz Labs will support early-stage web3 sports and entertainment projects that build on the company’s layer 1 blockchain launched in February. Investment company Jump Crypto backs the $50 million incubator initiative, per an official announcement on Wednesday. The company’s new Ethereum Virtual Machine-compatible blockchain will expose builders and developers to crypto’s

NFT whale Machi Big Brother has sold a whopping 1010 NFTs on Blur over the past 48 hours.  The sold NFTs include blue chip collections like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC).  Machi spent more than $13 million buying back hundreds of the NFTs that were sold.  The mass sale

Friendsies founders have abruptly shut down the NFT collection and all associated projects.  The rug pull was confirmed after the project’s Twitter account was deleted. The collection had raised $5 million at Christie’s auction on OpenSea less than a year ago.  Founders of the NFT collection blamed their decision to shut down on volatility and

NFT marketplace Blur’s airdrop went live earlier today after a three-week delay. Users were able to unlock the Ethereum-based $BLUR governance tokens that they received over the past few months.  The token’s price has decreased by more than 80% since its launch.  The NFT startup has come out as a considerable rival of the popular

Yuga Labs’ recently launched Dookey Dash has witnessed rampant cheating among players.  The skill-based game is reportedly filled with boosters who manipulate the leaderboards with unethical methods.  Players are paying boosters as much as $4000 to achieve a higher score in the game.  Yuga Labs has taken cognizance of the ongoing cheating and has taken

Summary: The blockchain-powered sports fan token launched its own layer 1 decentralized network on Tuesday. Chiliz’s L1 chain is compatible with the Ethereum Virtual Machine program, allowing developers to broadcast smart contract codes on Ethereum’s blockchain. The protocol’s token CHZ pumped as high as 20% on the news. Blockchain sports coin Chiliz announced the launch

The Squiggles NFT project has become the subject of a federal grand jury probe.  The project’s founders are reportedly being investigated for wire fraud and money laundering.  Squiggles came under fire early last year following an independent report which alleged that the project was a rug pull.  The founders were allegedly behind several other NFT

Sorare has secured an NFT licensing deal with the English Premier League.  The multi-million-pound deal will allow Sorare to sell digital sports cards of Premier League players.  The Premier League may acquire a stake in the crypto startup as part of the deal.  The deal was previously reported to be worth £30 million a year. 

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