New sales to the public of non-fungible tokens (NFTs) are now halted on the Tencent platform Huanhe as regulatory scrutiny in China intensifies. Owners of existing collectibles can hold and display the NFTs they currently own or request a refund, Reuters reported. “Based on the...
Ethereum creator Vitalik Buterin has chimed in on a suggestion to create a privacy-focused non-fungible token (NFT) technology that will let users create an NFT that cannot easily be tracked. While the proposal itself is very technical, the basic idea is for an NFT that...
Miami’s crypto enthusiast mayor, Francis Suarez, has announced what promises to be (or at least he hopes will be) a fairly high-profile non-fungible token (NFT) project. Featuring 5,000 NFT designed by 56 local artists — the city has plenty in its 56 square miles —...
Drexel University’s College of Medicine announced Tuesday (Aug. 2) that it has teamed with global healthcare technology firm MAPay on a payments and data innovation program that uses non-fungible tokens (NFTs) to democratize healthcare data. The collaboration “will develop the technical foundation and market to...
At a time when the non-fungible token (NFT) market is in some state of upheaval, LVMH-owned Tiffany & Co. is jumping into the fray this week with virtual and physical pendants designed for CryptoPunks owners that look strikingly similar to that line of digital collectibles,...
The Ministry of Economic Development in Moscow has numerous amendments planned to regulate non-fungible tokens (NFTs), looking to amend the Civil Code and the law “On Digital Financial Assets.” The news came from a meeting of a special working group held on the initiative of...
Even with cryptocurrencies banned in China, some of the top retailers held fast on non-fungible tokens (NFTs), which weren’t quite covered by the law, although reselling them for a profit was banned. Now Tencent has given up, shutting down its marketplace for them altogether, and...
Hang, a B2B startup, is using NFTs to innovate loyalty programs for a number of big brands. The firm’s clients include Budweiser, Bleacher Report, Pinkberry, Bonnaroo and Superfly. “For most brands at a certain scale, it’s pretty hard to offset increasing customer acquisition costs,” Hang...
Play-to-earn blockchain games like Axie Infinity may be bleeding users, but that doesn’t mean you can’t pay your electric bill in Smooth Love Potions. A Smooth Love Potion, or SLP, is a cryptocurrency token given as a reward to players of the top crypto-based game....