Nike, the multinational sportswear and sneakers brand, is set to step into the next chapter of its Web3 undertakings. The company will be launching its first ever NFT sneaker named ‘Our Force 1 (OF1)’ on its .Swoosh platform next month. This blockchain-based digital collectible from Nike is inspired by the…
Non-fungible tokens (NFTs), that are digital collectibles built on blockchains, have puzzled outsiders of the Web3 world on — why someone would invest thousands or millions on buying images or GIFs at all? Well, a new research report claims that the utility of NFTs in the Web3 world is the…
Former Apple executive Trip Hawkins, who founded the company behind the best-selling sports videogame franchise FIFA, is joining a Web3 startup, looking to take on top blockchain games like Axie Infinity. The founder of Electronic Arts will join as co-founder and strategy chief of Games for a Living (GFAL), Hawkins…
The Polygon blockchain has bagged another significant partnership in India and this time, it is for the benefit of cinema buffs in the country. Shemaroo Entertainment has partnered with Polygon to launch an NFT marketplace, themed on India’s Bollywood film industry. Shemaroo announced the development on Thursday, February 9. The…
The market for non-fungible tokens (NFTs), which went through a rocky momentum this year, is projected to explode in popularity in the upcoming year. More brands across industries will adopt NFTs as a way to entice, reward, and retain next-gen buyers to give them immersive experiences enveloped in metaverse experiences….
China, that is rather infamous for keeping an extremely restrictive approach towards the crypto sector, is taking small steps into exploring the digital assets sector. The country is geared-up to launch an official, state-backed NFT marketplace, that would let Chinese NFT traders to dabble in the space, but under the…
Magic Eden is trying to dial up the engagement on its platform at a time when the digital assets market as a whole is undergoing a downturn. The Solana-based NFT marketplace has announced a loyalty rewards initiative to entice the buyers of digital collectibles. The feature will fetch users five…
Coinbase Global said on Thursday customers using Apple’s iOS will not be able to send non-fungible tokens (NFTs) on the cryptocurrency exchange’s wallet anymore. “Apple‘s claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system, so that they can collect 30 percent…
Mattel, the global toy company, has officially launched its digital collectibles marketplace a year after its first Hot Wheels non-fungible token (NFT) minting on the Ethereum network. In January 2022, Mattel’s Barbie released a ready-to-wear NFT collection in collaboration with Balmain, a luxury fashion brand. The current marketplace is built…
Sony, in a patent published recently, suggests it’s planning to feature blockchain technology in games in the future. That patent, which was filed by the company back in 2021, specifically lists a system and method that will track “digital assets,” and employs language commonly associated with blockchain-related products such as…
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