Crypto.com Capital has made a strategic investment into a multichain NFT marketplace aiming to be the eBay for NFTs, dubbed “Hodooi.com.” The platform is a new startup from Travala Founder Matt Luczynski and will officially launch on Binance Smart Chain (BSC) in Q3 2021, and integrate with Ethereum in the same quarter. The Crypto.org Chain recently upgraded the mainnet to offer NFT support and HoDooi.com intends to integrate it on the platform to “expand the options for creators and collectors alike.” The amount of investment wasn’t disclosed by Crypto.com. Bobby Bao of Crypto.com Capital said: “We were impressed by Matt’s …

What a difference three months makes. Back in March, there was a jubilant atmosphere when Beeple’s mega nonfungible token sold for $69.3 million. You didn’t have to look far to find bold proclamations that crypto art was the next bold frontier in culture — offering opportunities to fledgling creators and transforming the way we interact with masterpieces. Things look a little different now we’re in June. All-time highs for Bitcoin and Ether are a distant memory, and sobering figures published by Protos suggest that NFT sales have plummeted by 90% since their peak in early May. (Some have questioned this …

NFT art may be the current Next Big Thing in the cryptocurrency world, but as art, it’s actually somewhat limited to one broad genre: Digital art. This leaves out a fairly large chunk of the art world — paintings, drawings, sculpture, fabrics, pottery — the physical arts that live in three dimensions. That’s where AvatarArt by ByteNext comes in. The Singapore-based NFT artwork company is turning the biggest of those physical arts — painting — into 3D reproductions that are backed by the actual artwork. For each NFT, there isn’t just the blockchain-verified original image. There’s an actual painting in …

We all have a favorite scene from a movie — a stand-out moment that has stayed with us ever since. Yet curiously, the magical world of film has been largely untouched by the explosion in nonfungible tokens. Until now, that is. MOVE Network is a crypto project that is vying to shake up the market by becoming one of the world’s largest NFT aggregators. Better still, its top priority is shaking up the movie industry, a sector that commands global revenues of more than $115 billion. In a live ask-me-anything session held on Cointelegraph’s YouTube page, two executives from the …

Porsche unveils NFT subsidiary German sports car giant Porsche has drifted into the nonfungible token (NFT) market, with a June 14 announcement revealing the launch of an NFT collectible startup dubbed Fanzone. However, the car manufacturer will not be looking to tokenize its luxury vehicles at this stage, instead opting to focus on soccer-themed NFT collectibles. Fanzone, which was built from Porsche’s digital subsidiary Forward 31, has already inked partnerships with the German national men’s, women’s, and under 21 football teams. Fanzone also has a deal with the third tier of Germany's local professional league and intends to expand support …

Football: It’s a sport filled with magic, memorable moments, and passionate fans who devote their lives to supporting their team. And now, a long-term project is giving supporters a whole new way of collecting memorabilia. Shirtum is a nonfungible token platform that allows footballers to create NFTs reflecting some of their biggest milestones — powerfully telling the story of iconic moments in their careers that will go down in history. Fans will be able to compete for the chance to own limited-edition tokens in their very own personalized gallery, with blockchain technology being used to guarantee the authenticity, traceability and …

As Wilson Chandler tells it, despite being a NBA star with a decade-plus pro career and nearly $80 million in career earnings, the 6’8 combo forward still got his start in blockchain the same way scores of enthusiasts do: trading shitcoins. Chandler told Cointelegraph that he first heard about crypto from some “kids” he played Fortnite with in 2017. After growing fascinated by their stories of turning paltry sums into legitimate holdings, he eventually invited one out to his Chicago home for a crash-course on setting up wallets and using exchanges. From there, the record is all on-chain: per a …

Oesterreichische Post AG — Austria’s postal service — is set to adopt even more digital technology protocols for its nonfungible token (NFT) postage stamps. In a recent announcement, the Austrian Post revealed plans for incorporating near-field communication (NFC) chips in Crypto Stamp 3.0 — the third iteration of its limited-edition NFT postage stamp collectible series. These embedded NFC chips will allow stamp owners to verify the authenticity of the physical stamp based on metadata tied to the digital twin stored on the blockchain. Indeed, the Austrian Post made history back in 2019 by becoming the first government-backed institution to launch …

The market for nonfungible tokens, or NFTs, is expected to maintain its rapid growth trajectory this year as demand for digital collectibles continues to grow, according to a new forecast from Invezz, an online investing news and education platform. NFT trading volume is expected to reach $175 million by October, leading to an industry market capitalization of $470 million, Invezz said in a Thursday report. The market for NFTs was worth $338 million in 2020. Through the first three months of 2021, NFT trading volumes surged 645%, Invezz said. The growth was largely driven by growing retail adoption of digital …

An NBA Top Shot user is suing Dapper Labs and its CEO, Roham Gharegozlou, for allegedly selling nonfungible tokens (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 tokenized National Basketball Association highlight collectibles. The plaintiff also alleges that NBA Top Shot intentionally prevented collectors from withdrawing funds for “months on end” to artificially prop up the market value on the platform, pointing to a CNN article from April …

A unique NFT marketplace that is backed by physical assets has completed a live ask-me-anything session on Cointelegraph’s YouTube channel. Digible aims to offer a crypto-focused environment for rare items that exist in the real world. This means that, if you were to buy a coveted Pokémon card, you’d be able to receive it in the form of a nonfungible token — with this platform storing it safely on your behalf. Daniel Pustelnik, who co-founded Digible, said he became aware of NFTs back in 2018, and started to explore the wide range of use cases for this distinctive asset class. …

A decentralized video game and entertainment network dubbed “the king of NFTs” has now surpassed more than three million accounts. Worldwide asset eXchange (known as WAX for short) offers an easy-to-use cloud wallet and a convenient way of creating, buying, selling and trading nonfungible tokens. Congestion on the Ethereum blockchain has prompted a number of developers to start seeking alternatives — and figures from DApp Radar suggest that, toward the end of March, WAX had more active wallets than Tron, EOS, Ethereum and Flow. Alien Worlds, a space exploration game built on WAX, has also cemented its place at the …