Her Majesty’s Revenue and Customs (HMRC), the British tax department, revealed it has seized in a $1.9 million fraud case an NFT, leading to the arrest of three individuals. The concerned authorities managed to seize around $6,760 (£5,000) worth of cryptocurrency assets, in addition to three non-fungible tokens (NFT) artworks. This comes at a time […]
Web3
NBA franchise, the Brooklyn Nets, filled three distinctive applications with the United States Patent and Trademark Office for the trademark “Netaverse” to deliver an emerging viewing experience for sports enthusiasts. “We had an idea of a roadmap that we wanted to incorporate and build on over the first 12, 18 months,” said senior director of […]
Decentraland is a fully decentralized 3D virtual world where people can own, develop, and sell their own virtual land while also exploring other people’s land and buildings. The virtual plots of land can contain anything from static objects to interactive displays, games, music and video players, art, and even social events and whatever the imagination […]
Buying virtual land is a weird concept for many, and understandably so. How can pixels on a screen be worth thousands and sometimes millions of real-world fiat currency that can be used for real-world items. Well, it’s not that different from buying any digital piece given the value is in what people believe it lies […]
The new hype surrounding one certain family of non-fungible tokens (NFT) has taken the world by a swift, without any knowledge of who some of its creators are, specifically some of the most famous ones, the Bored Ape Yacht Club (BAYC). Until now. Buzzfeed uncovered the veil of the BAYC godfathers, Greg Solano (32 years old) […]
Let’s picture a scene. You wake up, go through your morning routine, and get ready for work. You are not dressing up for show, but for comfort, and when the meeting or class has started, you slip on some glasses and noise-canceling headphones and dive in. Billions are being thrown into creating the Metaverse. Tech giants […]
Many are having a hard time envisioning something as abstract and incorporeal – in the most literal sense – as the Metaverse. Is it a visual space or a collection of them? Is it only in virtual reality, or does it include other interfaces and technologies? Facebook, now Meta, want to stake their claim on […]
In previous articles, we covered what the metaverse is. It is the future of the digital world – a blockchain-based internet owned by everyone in a sense. Still, some will inevitably find wealth while others will let the opportunity slip or end up taking the short stick, and so many are wondering how to invest […]
Non-Fungible Tokens (NFT) fame has immensely grown amongst tech enthusiasts, traders, creators, and criminals, with money laundering activities concerning NFTs reaching new heights as it grows daily, Chainalysis report finds. In its report released on Wednesday, Chainalysis reported that a modest yet growing amount of money laundering activity had been associated with the buying and […]
What exactly is Web 3.0, what will change with its advent, and how will the world look integrated with the 3rd generation of the internet? These are tough questions to answer. Web 3 is, in the simplest words, a blockchain-based internet. A decentralized, permissionless, censorship-resistant; these are the fundamental tenets of Web 3. The more […]
