The world’s largest cryptocurrency exchange, Binance, celebrated the one-year anniversary of its non-fungible token (NFT) marketplace last week by announcing that it signed a multi-year deal with Portugal and Manchester United soccer superstar Cristiano Ronaldo, considered by many as the best active player in the...
Non-fungible token (NFT) creators are seeing a conflict related to the fall in crypto prices — they can either increase their mint price in crypto terms or face steep losses in fiat, Blockworks reported Monday (June 27). The market favors NFT collectors, and many creators...
There was optimism expressed by marketing professionals gathered at a four-day New York City event focused on non-fungible tokens (NFTs), with some experts saying recent drops in NFT values could be a sign of health, The Wall Street Journal (WSJ) reported. Values of NFTs overall...
Shopify merchants will be able to use non-fungible tokens (NFTs) for something more than trading pictures with the launch of what it calls “tokengated commerce,” a way for its merchants to use them to build loyalty. Announced on Wednesday (June 22) as part of Shopify...
Fashion brand Gucci on Thursday (June 23) announced “Vault Art Space,” a collaboration with digital art marketplace SuperRare to create an online gallery fueled by non-fungible token (NFT) development, according to a company press release. Vault Art Space “is a place to view the forward-thinking...
Global commerce giant eBay has acquired non-fungible token (NFT) marketplace KnownOrigin, its latest foray into the space, according to a company press release Wednesday (June 22). The deal was finalized Tuesday (June 21). United Kingdom-based KnownOrigin was founded in 2018 and helps artists create, buy...
Shopify merchants with “.art” domains, which signify association with an internet design collective, can work with Web3 platform company Verisart to mint and sell non-fungible tokens through custom stores, under an arrangement announced Monday (June 20). The announcement comes in time for the NFT.NYC NFT...
On Friday (June 17), NFT scaling platform Immutable announced the launch of a new $500 million fund to help NFT developers fund the development of NFTs through crypto investment. According to the press release, the company’s inaugural $500 million fund will accelerate the growth of...
NFT technology is developing into a key tool for commerce, as Visa’s vice president and head of crypto, Cuy Sheffield, noted Tuesday (June 14) at the 2022 Financial Technology Conference. Sheffield believes that NFTs could be set to strengthen the speed of commerce going forward,...