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2024-03-08 12:37:02 Bitcoin Ordinals Traders on Magic Eden Will Get NFT Token Airdrop

The upcoming airdrop of the “NFT” token by the Non-Fungible DAO will be offered to Bitcoin Ordinals traders on the Magic Eden marketplace—past, present, and future. The Non-Fungible DAO announced the details in a tweet on Thursday, saying that users of the Magic Eden-developed, open-source MSigner—which lets traders sign Partially Signed Bitcoin Transactions (PSBTs) to conduct Ordinals transactions—will be rewarded in the upcoming token airdrop.

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2024-03-07 18:57:00 Elacity NFT Marketplace Introduces ERC404 Standard for Fractional NFT Trading

Elacity, the NFT Marketplace built on Elastos, has taken a significant leap forward in the digital rights and NFT space with its recent announcement of support for ERC404 standard NFTs. This development enables the buying and selling of fractional NFTs. The introduction of ERC404 addresses the limitations of existing NFT trading processes by seamlessly integrating the characteristics of ERC-20 and ERC-721 tokens into a single, more flexible model.

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2024-03-07 12:27:01 NFT fantasy sports startup Sorare lays off 13% of staff as web3 gaming continues to sputter

Web3-enabled fantasy sports platform Sorare laid off 22 employees based in its New York office in February. The move comes as the startup wants certain teams to be concentrated at the company’s Paris headquarters to improve communication and efficiency, a source familiar with the matter told TechCrunch. “As we plan for our next stage of growth, Sorare has made the decision to centralize some of our functions at our Paris HQ,” Nicolas Julia, the co-founder and CEO of Sorare, told TechCrunch through email.

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2024-03-06 18:47:01 Korea’s Jeju Island Turns to NFTs to Revitalize Tourism and Farming

Jeju Island, an autonomous region situated off the coast of South Korea, is eyeing the adoption of NFTs to rejuvenate its local economy, seeking growth in tourism, agriculture, and the fishing industry. The Governor of Jeju Province, Oh Young-hoon, declared at a recent technology forum, “This year, we are gradually making preparations to focus on digital transformation. The core of all this is Web3. We can apply Web3, including the use of NFTs, to all areas of the government. This will be a step forward.”

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2024-03-06 10:07:01 Warner Music Group and OpenSea Forge Pathbreaking NFT Partnership Amidst Crypto Bear Market

Warner Music Group has joined forces with OpenSea, the leading NFT marketplace, to empower artists in the Web3 ecosystem. This collaboration, announced with Bitcoin trading below $20,000, signals a new era for music artists looking to expand their communities and engage with fans in innovative ways through non-fungible tokens (NFTs).

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2024-03-05 23:27:01 Scientists use WiFi signals to track human movement for the metaverse

A team of researchers from Nanyang Technological University in Singapore recently unveiled a new method for tracking human movement for the metaverse. One of the key features of the metaverse is the ability to represent real world objects and people in the digital world in real time. In virtual reality, for example, users can turn their heads to change their viewpoints or manipulate physical controllers in the real world to affect the digital environment.

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2024-03-04 23:17:00 Someone Just Bought a CryptoPunks NFT for $16 Million in Ethereum

An anonymous individual purchased a CryptoPunks NFT for over $16 million worth of cryptocurrency on Monday, in the second-largest transaction for a CryptoPunk ever recorded. For a whopping 4,500 ETH—worth $16.03 million at the time of sale—an Ethereum user whose identity has yet to be revealed purchased CryptoPunk #3100 just after 9:30 am EST this morning. The user’s wallet was created only four days ago, and used exclusively to purchase the NFT.

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2024-03-04 13:27:00 Nokia’s 2030 Strategy Aims for Metaverse Expansion

Nokia, a telecommunications infrastructure company, expects a surge in network usage due to advancements in the metaverse, Web3, and AI, and aims to address this demand by 2030. In their Technology Strategy 2030 report, Nokia emphasizes the need to develop a future network architecture to accommodate the evolving market for emerging technologies.

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2024-03-03 23:07:01 Minecraft Banned NFTs—So ‘NFT Worlds’ Built Its Own Crypto Game Instead

Minecraft announced that it would ban NFTs from one of the world’s biggest games in 2022, one blockchain project in particular took the hardest hit: NFT Worlds. Two years later, the rebranded Hytopia is now aiming to make a big splash on its own—and maybe take some of the shine off of the Web2 gaming smash. With a customized Minecraft server as its home world, NFT Worlds had minted and sold scarce chunks of in-game land as NFTs on Ethereum scaling network Polygon.

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2024-03-03 12:37:02 NFT Market Booms With 35% Sales Increase as Cryptocurrencies Rally

As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period.

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