Abovenft (2024)

19/05/2022

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05/04/2022

Elon Musk has just purchased 9.2% of Twitter stock, according to a filing today (Monday), making him the largest individual shareholder in the company.

Last month, Elon tweeted:“Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?"

Will Musk attempt to force change at Twitter with his fresh ownership into the company?

Let us know your thoughts below!

02/04/2022

Bored Ape 835, worth at minimum 106 ETH ($350,000 USD - the floor price of the collection) - was accidentally sold for $115 USD.

The owner accepted an offer of 115 DAI ($115) - believing it was an offer of 115 ETH.

The same owner also sold Mutant Ape 11670 for 25 DAI ($25) to the same buyer. The floor price for mutant apes is 22.6 ETH ($76,000).

It's also possible that the seller had their account compromised. A BAYC member tweeted that he had contacted the seller - and that he was not aware of the sales.
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26/03/2022

Two men allegedly behind the "Frosties" non-fungible token (NFT) project, an infamous scam whose Discord server reportedly evaporated hours after mint, were charged Thursday with money laundering and wire fraud by U.S. prosecutors in the Southern District of New York.

It's an early example of U.S. law enforcement prosecuting an alleged NFT "rug pull."
Ethan Nguyen and Andre Llacuna, who prosecutors say are Frosties's pseudonymous backers, defrauded their NFT investors of over $1 million when theft. Facing criminal conspiracy and financial crime charges, they are among the first criminal NFT defendants in the rug-pull era.
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21/03/2022

Universal Music Group (in collab with 10:22PM) has just acquired Bored Ape 5537 for $361K USD - to lead a group it founded in November called Kingship. The ape - which is now known as Manager Noet All, will lead her band members (three other Bored Apes and one Mutant Ape) to create new music and virtual performances in the metaverse.
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18/03/2022

The Bored Ape Yacht Club has officially introduced ApeCoin ($APE) - described by them as a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3.

ApeCoin is owned and operated by the ApeCoin DAO, a decentralized organization where each token holder gets to vote on governance and use of the Ecosystem Fund. Holding ApeCoin is the only requirement for membership in the ApeCoin DAO.

62% of the total supply of ApeCoin is allocated to the ApeCoin community.
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16/03/2022

Mark Zuckerberg confirmed that digital collectibles would be arriving on Instagram “in the near term.”

“We're working on bringing NFTs to Instagram in the near term," he said. He didn’t detail exactly how that would take shape, but suggested people would be able to show off their existing NFTs and potentially mint new ones. "I'm not ready to kind of announce exactly what that's going to be today. But over the next several months, the ability to bring some of your NFTs in, hopefully over time be able to mint things within that environment.”
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15/03/2022

Solana NFT Marketplace Magic Eden Raises Paradigm-Led $27M Series A

The top platform on Solana raises funds to challenge OpenSea’s dominance in the wider NFT market.

The Series A round was led by Paradigm, with participation from Sequoia, Solana Ventures, Greylock, Kindred, Electric, and Variant. Magic Eden plans to use the funds to hire more employees, build out its gaming vertical, explore partnerships, and develop a full-service mobile app for buying and selling NFTs.

Magic Eden commands an overwhelming share of the Solana NFT market. According to data from analytics firm DappRadar, Magic Eden has generated about $461 million worth of NFT trading volume over the past 30 days, compared with just $12 million for the next-highest Solana marketplace, Solanart.
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15/03/2022

Former Disney CEO Bob Iger (and his avatar) are entering the metaverse. Iger is investing in and joining the board of , a company seeking to own the virtual avatar market.

“I’ve always been drawn to the intersection between technology and art, and Genies provides unique and compelling opportunities to harness the power of that combination to enable new forms of creativity, expression and communication,” said Iger in a statement.
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12/03/2022

The investor, Twitter user dino_dealer, went to sell their rock NFT for more than $1 million in crypto, only to accidentally use the wrong coin. Rather than put the rock up for sale with a price tag of 444 ETH - or roughly $1,200,000 USD - they listed it for 444 wei, which is less than a single cent.

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12/03/2022

Yuga Labs now controls three of the most valuable NFT collections on the market

Yuga Labs, the creator of Bored Ape Yacht Club, announced today that it had acquired CryptoPunks and Meebits from Larva Labs. CryptoPunks is one of the oldest and most valuable brands in the NFT world, and Meebits quickly joined the list of most valuable NFT collections after launching last May.

Yuga Labs hopes to foster a “community of builders” creating derivative works around the two projects. To do that, it plans to grant intellectual property and commercialization rights to CryptoPunks and Meebits owners, allowing them to create works and products based off their NFTs the same way that Bored Ape owners have.

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10/03/2022

LimeWire, the defunct file-sharing website, is set to make a comeback.

The service was shut down back in 2010, after a lengthy legal battle with the Recording Industry Association of America over allegations of music piracy.

More than a decade since it closed down, LimeWire is making a comeback — but with a twist.

The service will relaunch in May as a marketplace for trading nonfungible tokens, or NFTs, digital assets that keep a record of ownership for virtual items on the blockchain.

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07/03/2022

Beeple became the third-most expensive living artist after his NFT Everydays: The First 5,000 Days sold for $69.3 million at a Christie’s auction in early 2021. Despite having made such an impressive splash, Beeple hasn’t had a gallery show until now, with his first exhibition of the sort, “Uncertain Futures,” having opened on Thursday at Jack Hanley Gallery in New York.

Present at the show were artists like Cindy Sherman (whose partner is dealer Jack Hanley), Peter Saul, Sally Saul, and Tom Sachs; art critic Jerry Saltz; White Columns director Matthew Higgs; NADA director Heather Hubbs; Pioneer Works artistic director Gabriel Florenz; and Loïc Gouzer, who organized the Beeple sale at Christie’s before leaving to start his own NFT startup. Other VIPs in attendance include film director Darren Aronosky and Elon Musk’s mother and brother. Apparently, the Musk family is a big supporter of Beeple, and the Tesla founder’s immediate relatives were also at the dinner held for the artist at Frenchette.

Tracey Ryans, an arts consultant who went to that event, said, “People kept saying this is a parallel world, but there were all of these art world luminaries there. It definitely wasn’t a parallel world!”

03/03/2022

Pixelmon has become the laughing stock of crypto Twitter after raising $70M USD to deliver what was promised to be “the largest and highest quality game the NFT space has ever seen," only to deliver disappointing in-game art. Pixelmon founder Syber, who was revealed to be a 19-year-old New Zealand streamer with no relevant game development experience, promised to build a AAA-quality Web3 game that involves catching and trading Pixelmon creatures.

Users paid 3 ETH (~$9,200) to mint a Pixelmon, and the floor has now dropped to around 0.4 ETH.

Allegations are that the Pixelmon team just bought the art off Unity marketplace.

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25/02/2022

Dream Capital, the corporate venture capital arm of Dream Sports, is in advanced talks to lead a $100 million funding round in cricket-focused non-fungible token (NFT) startup Rario, three people aware of the matter said.

If the deal goes through, it would be one of the largest investments in the NFT sector in India and Dream Capital's maiden bet in the Web3 space.

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21/02/2022

English soccer champions Manchester City have announced a global partnership with Japanese conglomerate Sony Corporation to develop new digital fan experiences.

The Premier League outfit will conduct a proof of concept (PoC) with Sony, which will leverage the company’s technologies and City’s fanbase to develop new forms of digital content.

The PoC will seek to leverage Sony’s ‘cutting-edge’ image analysis and sensing technologies, as well as the electronic performance tracking systems developed by Sony’s Hawk-Eye Innovations to engage sports fans from anywhere in the world.

The burgeoning metaverse is at the centre of the collaboration, with both parties aiming to create a global online fan community where fans can interact with City and each other within the metaverse, which will be a virtual recreation of the club’s Etihad Stadium.

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19/02/2022

Non-fungible token (NFT) platforms Sorare, Dapper Labs, Candy, and ConsenSys reached the final stage of bidding for licensing Premier League’s digital assets. The bids for football collectible rights are between £220 million ($300m) and £434 million ($590m) over the course of the next four years, the Daily Mail reported.

Most top sports leagues in the world have launched their own NFT based initiatives. Dapper has deals with the NBA, the NFL and UFC, Candy has a licensing agreement with the MLB and some NASCAR teams, and Sorare has managed to acquire a deal with almost every top soccer team in Europe as well as LaLiga and Bundesliga.

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17/02/2022

Snoop Dogg Plans to Turn Death Row Records Into the First NFT Music Label

The Los Angeles-based rapper says he wants the record label to be “the first major [record label] in the metaverse.”
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15/02/2022

While major social networks and internet platforms have not missed out on the business this technology is currently producing, OnlyFans announced that it will now allow users to upload verified non-fungible tokens (NFTs) as profile pictures.

According to Reuters, the platform will only handle tokens created on the Ethereum blockchain, and profile images of non-fungible tokens will have an Ethereum emblem to indicate that they are genuine.
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15/02/2022

LONDON — Britain's tax watchdog has seized three non-fungible tokens, in what is thought to be the first seizure of NFTs by a U.K. law enforcement agency.

Officials at Her Majesty's Revenue and Customs say they seized the NFTs during an investigation into a suspected value-added tax (VAT) fraud case worth £1.4 million ($1.9 million). Three suspects have been arrested on suspicion of attempting to defraud the taxman.

The suspects allegedly tried to claim back more VAT, which is a type of sales tax, than what they were owed, using a mix of stolen identities, unregistered phones and false invoices to hide their identities. The scheme involved 250 alleged fake companies, according to HMRC.

"Our first seizure of a Non-Fungible Token serves as a warning to anyone who thinks they can use cryptoassets to hide money from HMRC," Nick Sharp, HMRC's deputy director of economic crime, said in a statement Monday.
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13/02/2022

CryptoPunk #5822 NFT Sold For A Record Breaking $23.7 Million.
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10/02/2022

India-based Ethereum scaling and infrastructure development platform Polygon has raised $450 million in its first major financing round led by Sequoia Capital India, Tiger Global, SoftBank, and more than 40 other venture capital funds and prominent investors like the co-founder of alternative investment management platform Brevan Howard, Alan Howard, and crypto evangelist Kevin O’Leary aka Mr. Wonderful from ABC’s Shark Tank. Polygon says that the money will allow the team to help scale Ethereum and accelerate the mass adoption of Web3 applications
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09/02/2022

A newly formed DAO is raising money to free Wikileaks founder Julian Assange from extradition to the United States. Going by the name “AssangeDAO,” the pot has already raised over $38 million in ETH since it launched on Thursday.
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06/02/2022

Entertainment giant Disney is seeking to hire a business development manager who will help to lead its foray into the red-hot non-fungible token (NFT) space, according to a job posting published earlier this week:

You will help lead Disney's efforts in the NFT space including monitoring the evolving marketplace, setting category strategy, and managing key partners.
Whoever is hired for the aforementioned position will be responsible for “monitoring the evolving marketplace,” strategizing new business opportunities and negotiating key partnerships.

The Burbank, California-headquartered company is specifically looking for a business manager with expertise in the NFT sector.
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05/02/2022

Justin Bieber bought his second Bored Ape NFT! This means Justin Bieber has now spent nearly a total of $1.8 million dollars on two Bored Apes.
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04/02/2022

According to the Financial Times, Yuga Labs - the company behind is in financing talks with investment firm Andreessen Horowitz. The BAYC is reportedly raising at a $5B valuation.
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02/02/2022

Famous American based rapper is one of many celebrities that are engrossed in the crypto, blockchain and NFT industry. Well, recently the musician decided to take this a step further by only allowing payments to his shows to be bought in Ethereum, the second most popular cryptocurrency on the market.
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31/01/2022

Meta is introducing 3D avatars to Instagram Stories and DMs - and updating the avatars in Facebook and Messenger, the company announced today.
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30/01/2022

If, like millions of others, you follow on Instagram, you’ll probably have seen his collection of NFTs, especially of inBetweeners. Well, Justin has now taken it a step further, making an astronomical purchase of Bored Ape 3001 for $1.3 million.
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29/01/2022

Days after Twitter announced non-fungible-token (NFT) profile pictures, is testing a similar feature that would allow users to set NFTs as profile picture, a report claimed.

According to Techcrunch, a Reddit spokesperson said that test is in very early stages and currently is not available to public users on the site. “At the moment we’re testing the ability to use NFTs as profile pictures (avatars) and verify ownership,”said Reddit spokesperson Tim Rathschmidt.

Via The Indian Express
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26/01/2022

YouTube NFTs may be in the works. In a letter published today, YouTube CEO Susan Wojcicki suggested the company is looking to branch into NFTs in the future as another source of revenue for creators.

“We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube,” the letter reads.

The detail was part of Wojcicki’s latest letter to the YouTube community, which outlines areas the company plans to invest in, like gaming and shopping, and how it plans to support creators. Wojcicki said YouTube is looking to Web3 “as a source of inspiration,” specifically noting the opportunities with crypto, decentralized autonomous organizations (DAOs), and NFTs.

YouTube’s hints at possible NFTs are in line with other platforms that have recently rolled out their own versions or are rumored to be considering an NFT feature. Twitter now offers a way for users who own a special JPEG to “show off your prized possessions” via a hexagonal profile picture. Meta, which owns Facebook and Instagram, is said to be preparing something similar where users can display the tokens they own. A marketplace for NFTs is also reportedly in the works.

Source:
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25/01/2022

speaks on NFTs with paparazzi
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24/01/2022

Andreessen Horowitz (a16z) Plans To Raise $4.5 Billion To Invest In New Crypto Projects

According to the Financial Times, $ 3.5 billion of the amount subject to the news is thought to be put into the crypto fund it created; The remaining $1 billion will be reserved for startups in the digital asset space. The FT’s source said that the company plans to complete these funds by March. The company did not make any statement on the subject.
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23/01/2022

Coinbase wants to simplify the user experience to allow more people to join the NFTs community. According to their senior director of product, Prakash Hariramani, that’s why they are working with Mastercard to classify NFTs as “digital goods”, allowing a broader group of consumers to purchase NFTs.

Coming soon, Coinbase will “unlock” a new way to pay using Mastercard cards according a blog entry by the company this morning.
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21/01/2022

Twitter set up a dedicated team to work on NFT-related features back in November, and now the first one has arrived — the ability to set an NFT as a profile picture.

Twitter announced on Thursday that a new ‘NFT Profile Pictures’ feature was rolling out as an experimental option in the iOS application. It allows someone to select NFTs stored on certain third-party platforms as the account profile picture, which is displayed in the app as a hexagon instead of the usual circle shape
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20/01/2022

It turns out that the duo are launching the Adidas for Prada Re-Nylon collection, which offers sustainable sportswear for both men and women.

To celebrate Prada’s green achievement, as well as its collaboration with Adidas, the two brands have planned a “unique digital activation” for the launch of their Re-Nylon collection. Details are still under wraps, but according to a statement from Prada, “fans of the collection will be invited to participate in the metaverse with Adidas and Prada through open-source co-creation.”
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18/01/2022

Microsoft Corp. agreed to buy Activision Blizzard Inc. in an all-cash deal valued at $68.7 billion Microsoft CEO Satya Nadella says the deal “will play a key role in the development of metaverse platforms”
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16/01/2022

Lil Durk is the latest rapper to join the Bored Ape Yacht Club, spending $259,000 on new Ape.
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14/01/2022

Last year, China’s government banned cryptocurrency trading and mining in one of the world’s most intense crackdowns. But China’s government is pursuing other uses of blockchain technology and non-fungible tokens (NFTs)—as long as the technology stays under its control.

This month, the Blockchain Services Network, a Chinese state-backed blockchain company, plans to roll out infrastructure that would allow individuals and businesses in China to make, sell, and buy NFTs.
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