Terra Virtua moves to Polygon blockchain, citing environmental concerns
Digital collectibles platform Terra Virtua has moved from the Ethereum blockchain to Polygon in an attempt to be greener. In a Monday announcement, Terra Virtua said it had switched to Polygon as part of a plan to create a more sustainable nonfungible token, or NFT, ecosystem. The platform claimed the move would reduce the energy […]
Are NFT collectibles really securities? Top Shot collector sues Dapper Labs
A platform user is suing Dapper Labs and CEO Roham Gharegozlou for allegedly selling NFTs as unregistered securities. Plaintiff Jeeun Friel served Dapper Labs with a summons last week, ordering the firm to respond to a complaint alleging the company sold unregistered securities through the NBA Top Shot marketplace — in the form of its […]
‘Wild west’ as developers MacGyver highly popular NFTs on Cardano
Despite not yet having functional smart contracts on the layer-one, intrepid Cardano developers have recently hacked together methods to mint bootleg nonfungible tokens. These experiments in hosting unique data on the blockchain are reminiscent of the pre ERC-721 standard era for Ethereum — and, what’s more, so far they’ve proven to be enormously popular with […]
Collectibles giant Funko shares surge after acquiring NFT app Tokenwave
In a flurry of price action reminiscent of 2017 mania, shortly after announcing that they had acquired NFT display and tracking platform Tokenwave, pop-culture collectibles giant Funko’s stock (NYSE: FNKO) rallied over 20%. Unlike many price-pumping announcements heavy on hype and sparse on content from the last bull run (and the dozens inevitably to come […]
MoonCats users are voting to destroy the keys to its final 160 'Genesis' tokens
MoonCats, the long-dormant tokenized collectibles platform that was re-discovered earlier this month, now has a problem on its hands — trading bots. MoonCats collectibles depict 8-bit cats that live on the moon that can be traded or “adopted” by users. The project was launched on Aug. 9, 2017 by developer Ponderware, with a hard limit […]
Basketball billionaires form NBA blockchain use case committee
Blockchain tech may soon become an integral part of the world’s largest basketball league. According to a report from Sportico yesterday, a group of some of the wealthiest and most powerful National Basketball Association team owners are forming a committee to investigate blockchain use cases for the NBA. Called the Blockchain Advisory Subcommittee, members include […]
NFTs on the news: Mega-whale Pranksy brings collectible highlights to the fore
On the evening of Jan 25, longtime non-fungible token (NFT) collectors, developers, and believers witnessed a bizarre, but likely validating piece of blockchain history: legendary collector-whale Pranksy was interviewed on the Fox 5 New York evening news during a segment on NBA Topshot, an NFT-backed collectible highlights project. NFTs on the nightly news is the […]