Almost one if every 100 starups usually fail to take off. NFT projects are no different, except that number actually jumps up concerningly. For every Bored Ape or Crypto Punk there are hundreds of failed NFT projects that never saw the light of day or fizzled out into obscurity. What are the common denominators that […]
Web3
We have covered NFTs extensively on our website, their uses, applications, and their shortcoming. To some, they are nothing but scams, ultra-rich people’s hobbies, or greedy maneuvers by big companies and celebrities to siphon even more money out of the common person. To others, they represent a beautiful future of financial freedom, community, and economic […]
If you are going into the Non-Fungible Token (NFT) space as an investor or interacting on the internet for the past few years, you know that the NFT space is full of scams. For those new to the term, rug pulls are NFT projects that promise big and disappear with investors’ money. Whether you believed […]
It can be rather difficult to find upcoming non-fungible tokens(NFT) projects before the mint is done, which could be in a matter of seconds if your internet or fingers are not the fastest. It would be ideal for most people to catch the mint, buy the NFT at the lowest price, sell it for whatever […]
The creator of the celebrity-favored Bored Ape Yacht Club (BAYC) non-fungible tokens (NFT), Yuga Labs, revealed on Friday the acquisition of one of the most valued and oldest brands in the NFT universe, CryptoPunks, in addition to Meebits, according to The Verge. It will aim to welcome a “community of builders,” Yuga Labs hopes to provide […]
South African mobile telecom firm MTN Group Limited announced on Monday that it will be the first company to join the metaverse league by acquiring land in Africarare, unleashing African innovation, and connecting the continent to the global digital economy. In October 2021, Africarare marked its presence in South Africa as the continent’s first Virtual […]
The gaming industry has reached a singularity. Whereas previously players would pay to play, now players, especially in old countries, can earn real money playing in virtual spaces. If this isn’t the epitome of the Metaverse, then nothing is. Here are the top-most popular and most promising play-to-earn decentralized finance (Defi) games of 2022. Axie […]
The overall value of the gaming industry now exceeds 300 billion dollars worldwide, and that number is only expected to rise in the years to come. Gamified Finance (GameFi) is the combination of games and finance. It fuses cryptocurrency, Decentralized Finance (DeFi), and Play-to-Earn games, which means that GameFi games are games with economic incentives […]
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 […]
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 […]