Amazon is making its first move into the crypto industry. And the eCommerce giant is targeting non-fungible tokens (NFTs), not cryptocurrency. That’s per a Blockworks report published Thursday (Jan. 26) revealing the online retailer’s plans to launch an NFT initiative this coming spring. The report...
The developer of Mutant Ape Planet non-fungible tokens (NFTs) has been charged with defrauding buyers. The U.S. Attorney’s Office of the Eastern District of New York said in a Thursday (Jan. 5) press release that Aurelien Michel was arrested Wednesday (Jan. 4) and charged with defrauding the buyers...
The head of NFT marketplace OpenSea is trying to distance his company’s products from cryptocurrencies. In an interview with the Financial Times (FT) published Thursday (Dec. 29), Devin Finzer, OpenSea’s chief executive, cautioned regulators in their approach to his industry. “It is really important that...
Fidelity Investments’ metaverse plans reportedly include developing an NFT marketplace. The financial services corporation has filed trademark applications for a non-fungible token (NFT) marketplace, metaverse investment services, virtual real estate investing and cryptocurrency trading services in the metaverse, Cointelegraph reported Monday (Dec. 26), citing a...
Former President Donald Trump is selling NFTs. Trump unveiled the digital assets on Thursday (Dec. 15) on his social media platform, Truth Social. The non-fungible tokens (NFTs) feature his likeness, according to multiple media reports. The Collect Trump Cards website offers what it described as...
Scorched investors are suing celebrity backers of Bored Ape NFT tokens, claiming they were misled. The recent crypto cool down has left a slew of retail investors angry and feeling duped by the premise and promise that their once high-flying digital assets would only go...
As part of its mission to clear the barriers to entry to purchasing non-fungible tokens (NFTs), myNFT placed a vending machine selling the digital assets in the middle of London — just in time for the NFT.London conference being held Nov. 3-4. Placed at the event’s...
Video game retailer and cryptocurrency booster GameStop’s non-fungible token (NFT) marketplace has gone live on the gaming-focused Ethereum layer-2 blockchain ImmutableX, with collections based on games including “Gods Unchained,” a Web3 digital fantasy card game from a former game director of “Magic: The Gathering.” The...
One of the most potentially powerful tools to attract artists, musicians and other creators to embrace blockchain-based NFTs as a way of distributing their work is in jeopardy. Royalties are a big draw for artists, who value the ability of most non-fungible tokens to allow the creator...