Nfts news and trends

The Price of Loyalty? Brands Bet Big on Blockchain to Woo Consumers
Blockchain // November 27, 2024

The loyalty industry is changing due to the integration of blockchain technology. According to a PYMNTS Intelligence report, “From Transaction to Transformation: Blockchain’s Loyalty Proposition,” in collaboration with Solana, the loyalty market is projected to exceed $24 billion in revenue within the next five years,...

Kraken to Begin Shutdown of NFT Marketplace
NFTs // November 26, 2024

Cryptocurrency exchange Kraken reportedly is shutting down its non-fungible token (NFT) marketplace, saying it will move more resources into new offerings. The company unveiled its NFT marketplace about two years ago, during which time NFTs fell along with the crypto bear market but have not...

NFT Marketplace OpenSea Gets Wells Notice From SEC
NFTs // August 28, 2024

Cryptocurrency marketplace OpenSea could be the target of a regulatory investigation. Devin Finzer, the company’s CEO, posted on social platform X Wednesday (Aug. 28) that the Securities and Exchange Commission (SEC) issued a Wells notice against OpenSea. Wells notices are not formal charges or lawsuits...

This Week in Web3: Blockchain Looks to Create, Not Just Store, Real-World Value
Blockchain // August 14, 2024

Blockchain, at this point a significant industry, perpetually appears to be on the verge of mainstream acceptance. Its promise of delivering benefits such as easier access to financial products and services, improved resilience and security, and more competition and innovation remains an attractive one. And...

Interviews & Exclusives
The Price of Loyalty? Brands Bet Big on Blockchain to Woo Consumers

November 27, 2024
The loyalty industry is changing due to the integration of blockchain technology. According to a PYMNTS Intelligence report, “From Transaction to Transformation: Blockchain’s Loyalty Proposition,” in collaboration with Solana, the loyalty market is projected to exceed $24 billion in revenue within the next five years, and brands are racing to tap into blockchain’s potential to […]

Blockchain, Smart Contracts and DeFi Help Modernize B2B Transactions, Interactions

October 19, 2023
Web3 has a branding problem. Far from being simply synonymous with crypto, decentralized finance and blockchain will do much to transform industries that have been mired in paper, in invoices,...

US Crypto Clampdown Continues as SEC Wins NFT Enforcement

August 29, 2023
The year 2023 will forever be remembered as the year the U.S. Securities and Exchange Commission (SEC) went to war with crypto. Determining who is truly trying to innovate a...

Virtual Malls Give Merchants Low-Cost Way to Reach Consumers

March 28, 2023
The metaverse is expected to open up a world of opportunities for businesses and is projected to generate up to $2.6 trillion in commerce volume by 2030, according to data...

Quick Reads
Kraken to Begin Shutdown of NFT Marketplace

November 26, 2024
Cryptocurrency exchange Kraken reportedly is shutting down its non-fungible token (NFT) marketplace, saying it will move more resources into new offerings. The company unveiled its NFT marketplace about two years ago, during which time NFTs fell along with the crypto bear market but have not recovered as well as bitcoin and other tokens have, Bloomberg […]

NFT Marketplace OpenSea Gets Wells Notice From SEC

August 28, 2024
Cryptocurrency marketplace OpenSea could be the target of a regulatory investigation. Devin Finzer, the company’s CEO, posted on social platform X Wednesday (Aug. 28) that the Securities and Exchange Commission...

Aelf and ChainGPT Partner to Add AI Chatbots to Blockchain

August 09, 2024
Aelf and ChainGPT have partnered to add chatbots, non-fungible token (NFT) and smart contract generators, and other artificial intelligence (AI) technologies to aelf’s blockchain network. This collaboration aims to accelerate aelf’s...

DraftKings Shutters NFT Marketplace Amid Legal Headaches

July 30, 2024
Online betting service DraftKings said is closing down its three-year-old non-fungible token (NFT) marketplace. The company announced Tuesday (July 30)  it was shuttering the marketplace, along with Reignmakers, a fantasy...