NFT developer Dapper Labs launched the UFC Strike nonfungible token (NFT) marketplace on Feb. 18, contributing to a 50% increase in NFT sales on the Flow blockchain over the last 24 hours. Dapper Labs is the company behind NBA Top Shot, CryptoKitties, and the Flow blockchain. UFC Strike, another product from the firm, is a collection of NFTs based on fighters and moments from the Ultimate Fighting Championship (UFC). Now, fans can trade their NFTs in the UFC Strike Marketplace dedicated to the collection. The UFC Strike Marketplace is Now Open Buy and sell iconic Moments from the Octagon, with …

When calculating the return of an NFT collection, most analysts calculate the average return. For example, the first CryptoKitties were sold in December 2017 for an average price of $3.24 each. On the first day, 105 CryptoKitties were created, and a total of $340.63 worth of Ether (ETH) was spent on those CryptoKitties by different collectors. That makes an average price of $3.24 per CryptoKitty. Currently, CryptoKitties are trading for an average price of $256.99. This equates to an average price of $256.99 per CryptoKitty and an average collection all-time return of over 7,800%. Out of CryptoKitties, CryptoPunks and Bored …

With the current interest in nonfungible tokens (NFTs), many companies have started to develop NFT marketplaces to attract as many users as possible. The problem with that is because everything happens so quickly in the NFT space, user interfaces and processes at these platforms are confusing and complex for users, which pushes away a lot of people from the entire experience. Currently, NFTs are designed to never be changed, limiting their abilities as digital assets. However, a solution may be underway. The DeHorizon Foundation has recently announced a new partnership with NFT interoperability Middleware, POD, to jointly launch the First …

Tokenized cats have once again caused chaos on the Ethereum network after a nonfungible token (NFT) project from actress Mila Kunis sold out in 35 minutes. It echoes the launch of another cat-based NFT project, CryptoKitties, which infamously gummed up the Ethereum network in 2017. The launch of Stoner Cats was initially delayed by a day after the team found a bug in the underlying art layers. However, the second attempt was successful and sold out in just “35 meow-nutes,” according to a catastrophic pun from Stoner Cats. We SOLD OUT in 35 meow-nutes! If you got a TOKEn, drop …

Years after CryptoKitties were released to the masses, the nonfungible token (NFT) sector is finally going places. Coveted collectibles are selling for millions of dollars in some of the world’s finest auction houses. Top-flight soccer and basketball teams are releasing once-in-a-lifetime moments that fans cherish. Movie studios are starting to issue NFTs as memorabilia too, unlocking new revenue streams when they are needed most. It’s little wonder that NFT-focused companies are attracting eye-watering valuations. Just take a look at Sorare, which is on track to secure a price tag of at least $3.8 billion through its latest funding round. Although …

An actress famous for her roles in That '70s Show and Family Guy, Mila Kunis has now launched an animation on the blockchain, which developed from an interest in crypto during the pandemic. Speaking with comedian Conan O’Brien on his Thursday show, Kunis said she had done a deep dive into cryptocurrencies and nonfungible tokens, or NFTs, during her time in quarantine. However, she was seemingly concerned about the apparent dearth of women in the space. “I felt like it was a very masculine area — like everybody that I knew that knew anything about it at the time was …

India’s largest cryptocurrency exchange, WazirX, has launched a nonfungible token marketplace for the exchange of digital art, assets, intellectual property and more, reports India’s Economic Times. The launch comes hot on the heels of a month when WazirX’s in-house exchange token, WRX, gained almost 2,000% in value, as its price jumped from $0.27 to $5.66. The exchange itself was subject to the same trajectory during the past six months, as visitors to its website increased by 631%, according to information publicly available browser tools. WazirX founder Nischal Shetty celebrated the launch, which he claimed was the first of its kind …

Dapper Labs, the creator of the CryptoKitties game, is helping the National Basketball Association, or NBA, become a magnet for digital collectibles. NBA Top Shot, a marketplace for non-fungible tokens, or NFTs, has generated over $230 million in sales, according to Dapper Labs. NBA Top Shot is built on Dapper’s Flow blockchain, allowing users to purchase “packs” that feature in-game moments. With packs almost always sold out, a secondary marketplace is the only way for users to access specific moments. Recently, a LeBron James highlight sold for $200,000. A Zion Williamson spotlight sold for around the same amount. NFTs, which …

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, a NFT-backed collectible highlights project. NFTs on the nightly news is the culmination of a variety of intersecting trends. For one, it’s a testament to the developmental progress the NFT space has made since CryptoKitties, the last blockchain-based collectibles project to attract a hint of public attention in 2017. The interfaces are sleeker, transactions are easier, the …

With the crypto market making a crazy comeback this year, an increasing number of casual investors all over the world are beginning to understand the potential that blockchain technology possesses. For example, over the course of 2020, decentralized applications gained a remarkable amount of traction, with the total locked volume across all decentralized exchanges rising from under $40 million back in December 2019 to a whopping more than $26 billion within a span of just nine months. However, it’s important to understand the core concepts underlying decentralized finance, or DeFi, and decentralized applications, or DApps, as many routinely use the …

In a move that may signal that a mainnet launch is just around the corner, Flow — the blockchain from Cryptokitties and NBA Topshot developers Dapper Labs — has launched the Flow Port: a tool for token holders to manage, stake, and delegate their Flow cryptoassets. The announcement focused heavily on how users can stake their FLOW tokens through custody providers such as Kraken and Coinlist, as well as delegate their tokens to currently-existing node operators. Those who wish to operate their own node might face a lengthy reviewal process, however: the announcement notes that there is a long waiting …

On Friday, Kevin Abosch — an Irish conceptual artist who was among the first to use blockchain technology as a medium — reported that a dastardly heist had been committed in one of his on-chain installations, an Ethereum wallet-turned-artwork titled "Stealing The Contents of This Wallet Is a Crime" (2018). In a Tweet the artist, whose work has been exhibited at The Hermitage, said that a CryptoKitty had been swiped from the freely-accessible address: Hi @CryptoKitties/@dapperlabs - Someone tipped me that "IAMA Kitty" was sitting in the #crypto wallet of my artwork "Stealing The Contents of This Wallet is a …