NFT Insider

2022-11-22 23:28:31 Both companies announced that Magic Eden would be integrating with the Ethereum scaling layer-2 blockchain Polygon to develop blockchain gaming and NFT ecosystems further.

The integration will allow Magic Eden to onboard more brands and new users into the NFT marketplace and help Polygon build and support the ecosystem of game developers and creators on the blockchain.

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2022-11-22 08:02:01 Toy Giant Mattel is rolling out a new NFT marketplace that will bring some of the most famous toys to NFTs.

NFT marketplace is to be platformed on the Flow blockchain and will feature classic toys like Hot Wheels and Barbie.

One to look out for, says the VP of Mattel, is the Hot Wheels NFT Garage Series, as previous Hot Wheels NFTs have sold out instantly.

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2022-11-22 05:49:57 As part of the update to the "legal enforcement policy," Rockstar Games, the maker of "Grand Theft Auto Online," is cracking down on the sales of NFTs and crypto in their role-playing servers.

While Rockstar has never sold any NFTs, users have reportedly been trading virtual assets within the game. The company announced that it would tighten its rules around them.

The update won't affect the gameplay of the current role-playing servers, but it does address that it will enforce the policy to virtual currencies, loot boxes, sponsorships, crypto, and NFTs.

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2022-11-22 02:59:46 The fall of FTX has created unprecedented market turmoil resulting in abnormalities in withdrawal activities have sent Bitcoin (BTC) to its two-year low of $15,480 on November 21.

BTC is currently trading at just less than $15,800 and is now down 3.14% in the last 24hrs.

#marketupdate

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2022-11-22 02:49:16 With floating rumors of Genesis planning to file bankruptcy due to its exposure to FTX, the company spoke out. It said, "We have no plans to file bankruptcy imminently," and will set a goal to resolve the situation without a need for a bankruptcy filing.

However, Bloomberg reports have shared that Genesis is in talks with potential investors for at least $1 billion in new capital.

#cryptonews

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2022-11-21 23:50:44 Several Chinese Web3 platforms are introducing World Cup 2022 coverage through their metaverse tech.

Migu, a subsidiary of China Mobile, and Bytedance, the owner of TikTok, are two of the six companies that have secured rights to show the World Cup. Users will be able to use VR headsets to watch events in the metaverse.

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2022-11-21 04:37:29 CryptoPunks #2512 just sold for 100 ETH or about $117,555.01.

CryptoPunks sales are up 1.28% in the last week, with #7519 selling for the highest at 125 ETH over the previous seven days.

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2022-11-20 21:25:20 More and more NFT collections are taking on a social mission rather than existing solely for fun, resale, or passive income.

As an example, the Metamorphoses collection on the rapidly evolving Ton blockchain considers awareness development as fundamental to its mission by actively taking part in the responsibility for the planet's future, consuming responsibly, as well as fighting overproduction.

The founders of Metamorphoses show by example how to be more conscious and responsible. When creating their works, they try to use only eco-friendly or recycled materials. And, whenever possible, they reuse anything that they can.

Real world issues are relevant in the digital world, too. Making NFTs meaningful is a good sign that non-fungible tokens are becoming more and more utilitarian and meaningful.

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2022-11-20 03:21:25 A partnership between Oracle Red Bull Racing and Bybit presented Lei of Lightning Azuki (Azuki #8494) on Max Verstappen, the 2021 and 2022 Formula One World Champion's F1 car for the 2022 season finale in Abu Dhabi.

Lei of the Lightning Azuki NFT will be available to the public, and the collection will have a total of 7.700 NFTs, and free mint is to take place on November 20.

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2022-11-19 23:35:52 The long battle between the NFT sports platform Sorare and French National Gambling Authority (ANJ) has come to a conclusion and announced that it would no longer be classified as a gambling platform.

It's worth mentioning that this is a big win for Sorare as it can now get away with the certain financial limitation that gambling platforms have to follow.

In addition, Lionel Messi joined the platform as an investor and a brand ambassador earlier this month and has created new ways for fans to connect with players.

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