Tag: NFT News

Visa launches a program to help young creators expand their businesses with NFTs

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Payment service provider Visa has launched the “Creator Program” – which aims to educate young entrepreneurs to understand and benefit from it Non-fungible tokens (NFTs) to expand their business further. According to Visa, its new program will Helping digital artists, musicians, fashion designers and filmmakers strengthen Small businesses using non-fungible tokens (NFTs) to navigate the new commerce category. “NFTs have the potential to become a powerful accelerator for the creator economy,” said Coy Sheffield, Head of Crypto, Visa. “We have been studying the NFT ecosystem and its potential impacts on…

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Bored crypto monkeys warn against using NFTs after chatting platform hack

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April Fool’s Day came early for fans of the famous Bored Ape Yachting Club Non-Fungible Code Group. The company behind the best-selling NFTs warned users around 2 a.m. New York time on Friday that its instant messaging platform Discord had been hacked and “briefly been hacked,” telling users not to trade digital assets — the process of taking the assets. digital files and convert them to a digital file stored on the blockchain – i.e. Apes on its platform. Stay safe. Don’t silence anything from any Discord right now. Our…

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Taiwanese puppeteers are looking to NFTs to keep their art alive

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Looking for a group of Taiwanese doll movers Use of non-fungible tokens, or NFTs, To help bring the traditional art form into the modern era and keep it relevant for a new audience. NFTs are crypto assets that represent a digital object such as a photo, video, or even land in virtual worlds, with some of them soaring in price so fast last year that speculators around the world sometimes “flip” them in a matter of days to turn a profit. Pili International Multimedia, which hosts Taiwan’s longest running television…

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Honest mistake or hack? Bored Ape NFT sold for $350,000 on OpenSea for $115

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An NFT holder sold a non-fungible (NFT) Bored Ape Yacht Club (BAYC) token worth $350,000 for a meager $115. This seemed to be either a hack or an honest mistake, but it cost the collector a fortune. For those who don’t know, BAYC NFTs are a popular group of 10,000 unique boring monkeys created by Yuga Labs. This group has seen more than half a billion dollars in sales so far, according to dappradar.com metrics. BAYC NFT is owned by celebrities such as basketball icon Steve Curry, music artist Post…

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How to save the Amazon forest? Brazilian company says NFTs are the answer

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A Brazilian company that owns 410 square kilometers (158 square miles) of the Amazon rainforest is offering a new way to fund conservation: the sale of non-fungible tokens (NFTs) that allow buyers to sponsor the conservation of certain areas of the forest. NFTs are a type of crypto asset that has gone viral in the last year, with a unique digital signature ensuring that it is unique. Other efforts to fund conservation through NFTs include plans for wildlife sanctuaries in South Africa. In Brazil, a company called Nemus on Friday…

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Universal Music acquires ape NFT to lead its virtual music group

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Universal Music Group is capitalizing on the popularity of non-fungible tokens by acquiring one of the cartoon monkeys who took over the world of digital collectibles to lead an all-virtual music group. On Friday, Universal’s 10:22 PM said it had paid $360,817 to buy Bored Ape #5537 – a female character now known as Manager Noët All, to lead the group it founded in November called Kingship. Kingship, which exists only in digital form, will have its own website and presence on the messaging platform Discord, eventually producing new music…

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Bored Ape Yacht Club has been criticized by crypto enthusiasts for its new KYC project

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The creators of Bored Ape Yacht Club (BAYC) faced a backlash from its fans after the company’s latest collaboration with Animoca Brands – which requires users to undergo Know Your Customer (KYC) verification. The monkey community will need to reveal their photo identities, along with their government documents to participate in BAYC’s latest project. Although details of the project are currently unknown, BAYC has posted a link to a website where fans can apply in hopes of agreeing to participate in whatever is “prepared”. According to the tweet, users must…

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Here’s how a hacker stole $800,000 in NFTs through Discord

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Controversial hacking has emerged as the latest threat to NFT buyers. A Discord server run by recently launched Rare Bears’ NFT project was hit by a phishing attack, resulting in the theft of approximately 179 NFTs worth $800,000. According to blockchain security firm Peckshield, the attacker was able to steal NFTs including “Rare Bears” and other NFTs from various combinations including “CloneX,” “Azuki” and “mfer” from artist Sartoshi, and six LAND tokens used in Sandbox Metaverse. Here’s what happened. On March 17th, a hacker gained illegal access to the account…

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From virtual trading cards to access to tokens, PwC anticipates NFT trends in 2022

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Non-fungible tokens have taken over the sports industry, and this digital asset is one of ten major trends in the sports industry, according to a recent report by PwC Sports Outlook 2022. NFTs are digital assets that can be used to sell limited edition, authenticated, and collectible digital content. In the world of sports, there are thousands of sports NFTs that can be bought and sold on platforms like OpenSea, which is a secondary market for digital assets. The company in its 2022 outlook report highlights all use cases of…

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BAYC NFT Prices Up 18 Percent, After Acquisition Of CryptoPunks, Meebits

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Days After Bored Ape Yacht Club (BAYC) NFT Token Generators announce Acquisition of NFT CryptoPunks and Meebits from Larva Labs, Monkey’s Avatar Collection prices up more than 18 percent. On March 11, when Yuga Labs, the creators of BAYC NFT, announced the acquisition, one block of BAYC NFT was sold at $1,85,363 (about Rs 1.41 crore), or 73 Ethereum in the cryptocurrency. However, after the announcement, the price rose to 89 Ethereum which is $22,5991 (about Rs 1.72 crore), according to CoinGecko’s market cap tracker. Yuga Labs now owns 423…

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