Some gaming companies that were offering nonfungible tokens, or NFTs, to players as in-game rewards have decided their virtual worlds are better off without them. One reason for backing off from NFT schemes is that prices for some NFTs and for crypto assets in general...
Starbucks has been an early adopter of crypto — or at least an early experimenter — since 2019 when it first started testing various pay-with-bitcoin tools, notably through its loyalty program. Now it’s adding non-fungible tokens (NFTs) to its Starbucks Rewards loyalty program via the...
Starbucks is using NFTs to buttress its already formidable rewards program beginning today, the company announced. The NFTs, or non-fungible tokens, will let rewards program participants and employees in the United States earn and purchase what Starbucks referred to in the announcement as “digital collectable...
More than $100 million worth of non-fungible tokens (NFTs) were stolen in the 12 months ended in July, blockchain research firm Elliptic reported on Aug. 24. That worked out to an average of $300,000 per theft. Its report, “NFTs and Financial Crime: Money Laundering, Market...
Continuing the rollout of the digital collectibles feature started in May, Meta is now enabling people to post non-fungible tokens (NFTs) they own on Facebook as well as Instagram. This feature was added to Instagram May 10 and was expanded to Facebook Monday (Aug. 29),...
One of the biggest changes that non-fungible tokens (NFTs) can bring to the arts and music industry is the ability to add royalty payments on each resale. If they can make it work. The music industry has gravitated toward the idea as the royalties musicians...
A record number of non-fungible tokens (NFTs) were reportedly stolen in July, joining the over $100 million worth of NFTs taken between July 2021 and July 2022. Although the prices and sales of NFTs have dropped following their surge in 2021, there are still many...
If nonfungible tokens (NFTs) are to become something more than a crypto-powered way to buy, sell and display pictures of Bored Apes and CryptoKitties, entertainment companies are going to have to use them as something more than a digital version of marketing extras in the...
Despite comments to the contrary, it looks like the EU’s big crypto regulation framework will cover NFTs after all. Just because the EU’s various arms, including the European Parliament (EP) and European Central Bank (ECB), said that the deal it struck to pass the Markets...