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2022-11-03 22:09:59 Crypto exchange Kraken's NFT marketplace goes live in beta

Crypto exchange Kraken's non-fungible token (NFTs) marketplace will go live in private beta today to customers on the waitlist. The marketplace will offer customers access to more than 70 NFT collections across the Ethereum and Solana ecosystems in the beta launch, a Kraken spokesperson said. Royalties will remain a mandatory component within the marketplace. Royalties are fees that go back to the creator of collection on every sale of their NFT. NFT creators can secure a regular income via royalties, which are a key reason why many creators have flocked to NFTs.

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2022-11-02 21:50:07 GameStop Partners With Immutable X To Launch Its Ethereum-Based NFT Marketplace

GameStop, a leading video games retailer, has stepped into the web3 ecosystem with an all-new NFT marketplace that supports trading assets from games on the web3 platform Immutable X. These utilities include tradable tokenized items, including customizable plots, digital trading cards, and several others. Immutable X is an Ethereum by-product, but it’s relatively faster and less expensive than Ethereum, which becomes slow on certain network traffic conditions. It can allow users to perform NFT interactions faster by offloading several transactions to a layer-2 blockchain.

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2022-11-02 01:27:00 Microstrategy Earnings: What Future Holds For Largest Bitcoin Holding Company
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2022-11-01 22:30:45 OpenSea Ethereum trading volume declines 13% as BAYC floor switches platforms

OpenSea’s Ethereum (ETH) NFTs trading volume has declined for the fourth consecutive month, dropping 13% to $303M, the lowest since June 2021, according to Dune Analytics data. According to the data, OpenSea’s Ethereum monthly active traders have also dropped for the fourth consecutive month. OpenSea’s declining number is coming amidst a broader crypto market winter that has seen NFTs’ trading volume and the value of these digital assets tank to new lows. A recent DappRadar report highlighted seven NFTs that traded for record prices last year but are now worth only a fraction of their previous value.

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2022-10-31 21:40:00 Ex-OpenSea Employee’s NFT Handling Runs into DOJ’s ‘Stradivarius’

Nathaniel Chastain, who allegedly bought and sold nonfungible tokens (NFTs) on the OpenSea app with secret information, was charged in June with wire fraud. The statute, along with the related mail fraud statute, is broad, adaptable and powerful. They’re federal prosecutors’ “Stradivarius, our Colt 45. Chastain argued in court filings that an “‘insider trading’ wire fraud charge” requires “the existence of trading in securities or commodities.” Judge Jesse Furman in Manhattan rejected the argument last week and refused to dismiss the indictment.

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2022-10-30 22:50:06 OpenSea Lists Elon Musk’s ‘The Bird Is Freed’ Tweet As NFT

OpenSea, a leading Non-fungible token marketplace, listed the new Twitter CEO’s first tweet after purchasing the media company as a collectible. The tweet which reads ‘the bird is freed’ is worth 25 Ethereum or $37,640.25 on OpenSea. At the time of writing, it has sold a piece. After closing the $44 billion Twitter deal, Elon assumed ownership of the popular media platform. Subsequently, he laid off all the top executive board members of the company. Hence, by default, giving him complete control over the affairs of Twitter. Elon Posted the now trending ‘the bird is freed’ tweet in the wee hours of Friday, at precisely 4:48 AM. It was to announce his official possession of the firm.

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2022-10-29 22:30:00 Metaverse schooling to help Japanese city combat growing absenteeism

Government data showed that 244,940 Japanese elementary and junior high school students were absent for at least 30 days in FY 2021. The Japanese city of Toda, Saitama, adopted a metaverse-schooling service to encourage students — especially those staying far away from school — to attend their classes. Government data showed that 244,940 Japanese elementary and junior high school students were absent for at least 30 days in FY 2021. NHK’s report highlighted a fifth grader’s interest in chatting online instead of attending school in person. While the child has not physically attended school in over two years, they shared an interest in meeting up with friends to play outdoor games, such as tag.

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2022-10-28 22:40:00 DappRadar deems Reddit blueprint for NFT launches ‘one of the biggest events for Web3’ in 2022

Reddit may have cracked the formula for onboarding new users into web3, according to a new report released by DappRadar on the behavior of the blockchain industry. Reddit’s new digital collectible avatars are NFTs based on the Polygon network, but very little education or marketing material was released by Reddit referencing the blockchain technology behind the products. Reddit also avoided the term ‘wallet’ which DappRadar defined as a “potentially off-putting term.” Instead, the social platform uses the phrase ‘vault’ to entice users into its new digital initiative. The DappRadar report stated, “Reddit’s accomplishments in this instance are impossible to overstate.”.

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2022-10-27 22:40:06 NFT vending machine to make digital art more accessible at London event

The NFT platform hopes to provide an easy and accessible way for people who want to start buying and trading digital assets without needing deep knowledge of the Web3 industry. The vending machine will allow users to purchase an NFT without owning a digital wallet. Users who want to purchase an NFT through myNFT’s vending machine will need to select one of the envelopes on display, and then key in the code provided. After paying, they’ll be able to scan the QR code in the envelope, which will come with an invitation to set up a myNFT account, complete with an NFT wallet whee they’ll receive their NFT. The physical NFT vending machine will be located outside the NFT.

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2022-10-26 22:40:01 PayPal, Western Union File Trademark Applications in Metaverse

Western Union, a financial service provider, and PayPal (NASDAQ:PYPL) Inc., an online payments solution, filed trademark applications with the United States Patent and Trademark Office (USPTO). On October 18, PayPal filed three trademark applications that cover “PAYPAL and its Ps Logo” with USPTO. USPTO licensed trademark-attorney Mike Kondoudis shared a Twitter post with the details of the filings made by PayPal. A section from PayPal’s trademark application explicitly explains that the trademark covers “downloadable software for sending, receiving, accepting, buying, selling, storing, transmitting, trading and exchanging digital currency, virtual currency, cryptocurrency, stablecoins.

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