$400M funding round to help Gemini build in the decentralized Metaverse

The Winklevoss twins’ crypto exchange Gemini will allocate capital from its $400 million funding round into building a “Gemini experience in different Metaverses.” Gemini announced that it had closed a $400 million equity growth funding round at a valuation of $7.1 billion on Nov. 18, marking the first time the firm had sought outside financing. […]

Dapper Labs-backed NFT avatar platform raises $65M in funding

Digital avatar developer, Genies, has raised $65 million to build an NFT marketplace for digital avatars on the Flow blockchain led by several heavyweight investors, including Flow’s developers, Dapper Labs. SEC filings dated May 3 reveal the California-based company recently closed a $65 million Series B funding round led by investment firm Bond, alongside Coinbase Ventures, […]

Nifty News: Playboy's revealing tokens, SNL’s NFT skit sold as an NFT, and more …

Playboy centerfolds will be sold as NFTs after the classic men’s magazine announced a partnership with Nifty Gateway today. The entertainment and lifestyle brand, famous for its Playboy bunnies, distinctive logo, and the dubious claim that men “only read it for the articles”, is planning to tokenize its art, cartoon and photography archive built up […]

Nifty News: NFTs go carbon-negative, top banker calls NFT investors gamblers

The non-fungible token rush has seen every man and his Doge flock to the non-fungible market to cash in on the recent craze for tokenized collectibles. Even celebrities one would presume to have little engagement with crypto assets have been rushing to cash in, with the likes of John Cleese, Tony Hawk, Lindsay Lohan and […]

Investor 'stumbles' into 30,000% gain after buying Beeple NFT for $969

Edward Fairchild, one of the founders of LA-based cannabis company THC Design, revealed that he “stumbled” into buying an NFT from acclaimed digital artist “Beeple” that has since increased in value by 30,000% since he purchased it in December. Recounting the story in an article published by Business Insider on March 14, Fairchild noted that despite being […]

True or false? A single NFT can power a European household for 1.5 months

The recent boom in non-fungible tokens, or NFTs, has been accompanied with controversy and concern over the technology’s environmental impact due to the computational power required. Out of all transaction types on a blockchain, NFTs are some of the most intensive of them all as they often involve numerous complicated transactions and executions of smart […]

Two Feet and FEWOCiOUS’s NFT auction becomes the third to top $1m in sales

The auctions were organized by Illumino, an NFT-focused firm seeking to bring “tastemakers and artists” together to launch innovative art on-chain. Illumino was put together by the LA-based management agency Keel, crypto VC firm Framework Ventures, and Bruch Projects — the NFT arm of Manna Ventures. The NFTs went live on Valentine’s Day, beginning with […]