OpenSea acquires Gem, and Chess.com makes a move into NFTs

OpenSea buys NFT market aggregator Gem In a Monday Twitter post, OpenSea announced it had acquired NFT marketplace aggregator Gem for an undisclosed price. A blog post by OpenSea chief executive officer Devin Finzer stated that the company made this move to improve the experience of its more seasoned, “pro” users.  Gem lets traders buy NFTs across various collections […]

Bored Ape Yacht Club NFTs stolen in Instagram phishing attack

As told by Bored Ape Yacht Club (BAYC) developers on Monday, hackers breached the popular nonfungible token (NFT) collection’s official Instagram page and shared links to a fake airdrop with the project’s followers. Crypto enthusiasts who connected their MetaMask wallets to the scam website were subsequently drained of their Ape NFTs. It appears that the […]

Increased adoption of Metaverse NFTs will power the next NFT growth cycle

Metaverses and blue-chip nonfungible tokens (NFTs) are the driving forces behind the dramatic growth in the NFT market. Projects like the Bored Apes, Crypto Punks, Azuki, Clone X and Doodles collections have steadily attracted collectors’ interest in the past year. As a result, these NFT projects have helped the NFT market achieve a growth rate […]

How NFTs are revamping the ticketing industry

The concept of nonfungible tokens (NFT) came into existence in 2015, and it first got some traction in 2017 when many prominent digital collectibles such as CryptoPunks and EtherRock were created.  NFTs got early traction among premier sports clubs but burst into mainstream popularity after digital artist Beeple’s artwork was sold as an NFT for […]

OpenSea Suspends Trading of Sands Vegas Casino Club NFTs

Cyprus-based Sand Vegas Casino Club said that holders of the Gambling Apes NFTs can participate in profit-sharing from the proceeds of the casinos. In an update on its discord, BlackyJefferson21, a community lead for the project, said that the team is working with lawyers and has reached out to Texas and Alabama in “good faith” […]

These ‘Utility NFTs’ Look to Gamify Rainforest Protection

“We saw that NFTs could be anything, and became curious as to whether they could be more than one thing,” said Lucia Gallardo, CEO of Emerge, the project behind AEternals NFTs. “As well as being artful and collectible, could NFTs have utility? Can you gamify them and make them more interactive,” she said in an […]