ApeCoin DAO Launches Community-Driven NFT Marketplace
ApeCoin DAO, a community-led governing body made up of ApeCoin holders, has launched its own white-label non-fungible token (NFT) marketplace. ApeCoin, the Ethereum-based governance and utility token used within the Bored Ape Yacht Club (BAYC)-linked APE ecosystem, launched in March.
ApeCoin DAO to Lauch Bespoke NFT Marketplace for Apes and Otherdeeds
ApeCoin DAO is getting a new NFT marketplace that will sell Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club and Otherdeed NFTs.
NFT Data Services Company Vinci Protocol Completed 2.1M Seed Round Fundraising
To Vinci Protocol communities,
Roughly 48% of Ethereum NFT Trades in October Were Fake
Traders seeking to artificially inflate the price of collections or earn marketplace trading rewards generated $389 million in wash trades during October.
Solana Market Cap Shrinks Below Litecoin in Protracted Descent
The market cap of the popular proof-of-stake blockchain, Solana, slipped below that of the OG proof-of-work blockchain, Litecoin, according to Coingecko.Solana's latest downturn began with the collapse of FTX.
Crypto Custodian Aegis Trust Offers $25 Million Insurance Policy for NFTs
Crypto custodian Aegis Trust is offering an insurance policy for non-fungible tokens (NFTs), the company said Tuesday. The policy, provided by insurance marketplace Lloyd’s of London, will allow Aegis to insure up to $25 million for tokenized assets held by institutional investors, hedge funds and exchanges.
Rockstar Games Bans NFTs, Crypto From Grand Theft Auto Fan Servers
Alongside fully <a href="https://decrypt.co/resources/what-is-web-3" target="_blank">Web3</a>-native games built around <a href="https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain" target="_blank">NFTs</a>, we’ve also seen fan-driven attempts to add NFTs and crypto tokens to popular online games like Minecraft and Grand Theft Auto V. But Microsoft moved to <a href="https://decrypt.co/105575/microsoft-minecraft-ban-nfts-game-servers-derivative-projects" target="_blank">ban Web3 elements from Minecraft</a> this summer, and now Rockstar Games has done the same with its popular action franchise.
From Fine Art to Bored Apes and Punks: Blue Chip NFTs Owned by Celebs Lose Significant Value
During the week of Jan. 30 to Feb. 5, 2022, the search term “NFT” had a Google Trends (GT) score of 90 and today the GT score has dropped a great deal down to a score of 12. Not only has interest declined, but blue chip non-fungible tokens (NFTs) don’t hold the value they once did at the beginning of 2022. For instance, statistics show the Bored Ape Yacht Club (BAYC) collection’s market valuation based on floor values was worth $2.33 billion on Feb. 3, 2022 — 291 days later and the collection’s market cap is now worth $615 million. Celebrities holding blue chip NFTs like BAYCs and Cryptopunks have seen their NFTs lose a great deal of value over the last nine months.
Saudi Arabia’s NFT Collection Soars After Unexpected Soccer Win Against Argentina
Sales for the Saudi Arabia-themed <a href="https://www.coindesk.com/learn/what-are-nfts-and-how-do-they-work/">non-fungible token </a>(NFT) collection called “The Saudis” increased 387% on Tuesday following the country’s surprise 2-1 win against Argentina, which is considered one of the best soccer teams in the world.
Nike Sprints Further into The Metaverse with .Swoosh Platform Trademarks
As the <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency sector</a> and <a href="https://finbold.com/topic/blockchain/">blockchain</a> technology continue to expand and advance, one of their segments captures the particular interest of the public – non-fungible tokens (<a href="https://finbold.com/guide/how-to-mint-sell-nfts-non-fungible-tokens-explained/">NFTs</a>) and the <a href="https://finbold.com/guide/how-to-invest-in-metaverse/">metaverse</a>, the possibilities of which are being recognized by global brands, such as Nike (NYSE: <a href="https://finbold.com/stock/nike-stock-nke/">NKE</a>).
