Metaverse Trading Hits All-Time High

Investment is pouring into the metaverse and more land is being traded than ever before.  The metaverse is gathering momentum in 2023. According to DappRadar, virtual land trading reached an all-time high in Q1 2023. In total, there were 147,000 trades, with Otherside and MG Land accounting for 75% of all land sales.  Furthermore, trading … Read more

Judge Dismisses Case Against Creator of Quantum – the First NFT

The case involving “Quantum” is an example of how blockchain technology protects the rights of digital artists. Canadian company Free Holdings will not get the chance to go to court over the first-known NFT on record.  That’s because Judge James Cott, a magistrate judge for the U.S. District Court, has dismissed the case. Indeed, the … Read more

Sony Files Patent for Cross-Platform NFTs

This is a major play by Sony, which will allow for NFTs to be transferred across different games and consoles. It is no secret that Sony Interactive Entertainment is going big on non-fungible tokens (NFTs). However, news of Sony’s latest patent for transferable NFTs is causing much excitement in the industry.  Essentially, Sony has filed … Read more

GALA Announces Lawsuit Against pNetwork

Gala holds pNetwork responsible for the loss of millions of dollars in damages, and a chunk of its reputation.  GALA is taking on pNetwork in court. The case will determine who is responsible for a multi-million dollar breach back in November 2021. In essence, pNetwork is a cross-chain bridge provider. In this particular case, pNetwork … Read more

SVB Collapse Paralyses NFT Market

NFT traders are reeling from the SVB crash, which hit the industry hard. There’s nothing like an unexpected catastrophe to kill the buzz. Indeed, following the FTX black swan event, we’ve been dealing with another cataclysmic episode thanks to Silicon Valley Bank (SVB). In fact, NFT trading volume had its worst day of the year … Read more

Doodles Not an NFT Project, Says Co-Founder

The comments from Doodles co-founder Jordan Castro are sparking controversy among collectors. Doodles co-founder Jordan Castro’s recent comments are raising a few eyebrows. Doodles is one of the most successful NFT projects of all time. According to Coin Market Cap, the project is ranked 9th in the most traded NFT collections the last 30 days. Yet, … Read more

Salesforce Announces New Web3 Platform

One of the biggest companies in the world is moving into Web3 with its new platform Salesforce Web3. Software giant Salesforce is following through on its promise. The customer relationship management firm is about to launch a platform dedicated to Web3. Indeed, the company made the announcement on March 15th. The new division aims to … Read more

VeVe Announces Sesame Street NFT Drop 

One of the biggest platforms in the world for digital collectibles, Veve, is dropping an NFT collection based on Sesame Street. Major drops are nothing new to VeVe, and here’s another one. On March 19th, we’re going to see Sesame Street immortalized on the blockchain. Indeed, the Sesame Street NFT drop will be the first … Read more

Meta Says No More NFTs

After launching its NFT feature in May 2022, Meta will no longer feature NFTs on Facebook and Instagram. Meta is pulling the plug on non-fungible tokens (NFTs). The news was delivered by Stephane Kasriel, Meta’s head of commerce and financial technologies, via Twitter. This sudden u-turn by Meta comes only 10 months after the launch … Read more

South Korea Launches New ‘Metaverse Fund’

The South Korean government is doubling down on its commitment to the metaverse, with the creation of the Metaverse Fund. South Korea is creating a new fund to assist the growth and development of the metaverse. According to the official statement, the Ministry of Science and ICT is investing 24 billion Korean won ($18.4 million) … Read more