Cent, a platform for selling non-fungible tokens (NFTs), has suspended a majority of its transactions because people have been selling content that isn’t theirs, Reuters reported Saturday (Feb. 12). Buying and selling on the Cent marketplace was halted on Feb. 6, and Cameron Hejazi, the...
Non-fungible token (NFT) marketplace OpenSea is debuting an investment arm following its raising $300 million at a $13.3 billion valuation last month, the company announced Friday (Feb. 11). The new faction, called OpenSea Ventures, will focus on growing the Web 3 ecosystem with more NFTs,...
NFTs, art, commerce and people who pay way, way too much for sneakers and handbags are getting ready to clash in a lower Manhattan courthouse as Nike and Hermès have launched trademark infringement lawsuits over cryptocurrency tokens carrying images of their products. It’s the opening...
The U.S. Treasury is looking into the potential for nonfungible tokens, (NFTs) to be used in financial crimes. In a new report, the Treasury posits the ways government can mitigate risks to the high-value art market. The report says there are several specific qualities of...
Non-fungible token (NFT) platform Pixel Vault, Inc. has secured a $100 million joint investment from Velvet Sea Ventures and 01A that will allow it to launch a multi-franchise NFT development platform, according to a joint announcement Wednesday (Feb. 2). The platform will let artists, creators...
The music festival Coachella has teamed with crypto exchange FTX to offer ten lifetime festival passes in the form of non-fungible tokens (NFTs), Yahoo reported Tuesday (Feb. 1). This is yet another example of how the music industry has been using digital collectibles to boost...
MoonPay, an infrastructure payments firm for cryptocurrency, is introducing a checkout tool that gives users multiple cash payment options that its NFT clients can offer users to buy digital art and collectibles. NFT Checkout allows payment options that include debit and credit cards, Apple Pay,...
A new non-fungible token (NFT) platform, MusicArt, is combining blockchain, NFT technology and digital art trading for music artwork fans, the company announced Tuesday (Jan. 25). The project was launched by three music industry executives, with support from independent artist portals Jamma Music and Aurovine....
YouTube could start adding nonfungible token (NFT) features for its video creators, the streaming platform’s chief executive said Tuesday (Jan. 25). As Bloomberg News reported, this move would mark Google’s — YouTube’s owner — first foray into the world of NFTs. “We’re always focused on...