March 29, 2024

Web and Technology News

Four-month-old Doppel is helping some of the biggest NFT projects spot scams

As NFTs have gained popularity, so, too, has NFT fraud. Copycats can quite easily upload images to an NFT marketplace, mint them and sell them to customers for profit without verifying that those images are their own intellectual property. The problem has become even more widespread as NFTs have popped up on chains like Solana, […]

a16z, Coatue, USV invest in $725M developer fund for Dapper’s Flow blockchain

The web3 world is continuing to discover that it’s a lot harder to build a developer ecosystem than it is to build a platform. The Flow blockchain launched by NBA Top Shot creator Dapper Labs is looking to onboard more crypto developers and it’s built up a dedicated ecosystem fund to coax more builders onboard. […]

a16z, Coatue, USV invest in $725M developer fund for Dapper’s Flow blockchain

The web3 world is continuing to discover that it’s a lot harder to build a developer ecosystem than it is to build a platform. The Flow blockchain launched by NBA Top Shot creator Dapper Labs is looking to onboard more crypto developers and it’s built up a dedicated ecosystem fund to coax more builders onboard. […]

Co:Create aims to help NFT projects launch their own cryptocurrencies

NFT powerhouse Yuga Labs, the startup behind the Bored Apes Yacht Club (BAYC) monkey JPEGs, launched its native ApeCoin cryptocurrency in March to much fanfare. Through the launch, the startup was able to expand its ecosystem beyond the few thousand individuals who already hold its NFTs, and it eventually plans to expand ApeCoin’s use by, […]

China’s tech giants are having FOMO on NFTs

In mid-April, a group of industry associations in China issued a warning against the potential financial risks of non-fungible tokens, digital assets that represent real-world objects or intangible goods like a song. NFTs must not be traded with cryptocurrencies, said the country’s banking, internet finance, and securities associations, and they must not be used to […]

China’s tech giants are having FOMO on NFTs

In mid-April, a group of industry associations in China issued a warning against the potential financial risks of non-fungible tokens, digital assets that represent real-world objects or intangible goods like a song. NFTs must not be traded with cryptocurrencies, said the country’s banking, internet finance, and securities associations, and they must not be used to […]

Americana’s chip turns physical objects into NFTs

NFTs are being used for far more than just proving you own a JPEG on the internet. Americana Technologies, a startup founded early last year by designer Jake Frey, allows brands and creators to turn physical items such as streetwear, collectibles, cars and artworks into NFTs. The startup’s core product is its NFTA Universal Chip, […]

Americana’s chip turns physical objects into NFTs

NFTs are being used for far more than just proving you own a JPEG on the internet. Americana Technologies, a startup founded early last year by designer Jake Frey, allows brands and creators to turn physical items such as streetwear, collectibles, cars and artworks into NFTs. The startup’s core product is its NFTA Universal Chip, […]

Coinbase launches NFT marketplace in hopes of appealing to crypto and mainstream users

It might be a good morning — or perhaps “gm” — for the hundreds of thousands of NFT community members who will now get another marketplace to trade their digital collectibles. Six months ago, Coinbase, the largest crypto exchange in the U.S. by volume, announced that it was launching an NFT marketplace, but provided few […]

China’s banking association proposes restrictions on NFTs

The verdict that China’s web3 community has been waiting for months is here: NFTs, or the tokens used to prove the ownership and authenticity of an item, must not be used for securitization or transacted in cryptocurrencies, said China’s banking, securities and internet financial associations in an announcement on Wednesday. China has already banned initial […]

Avatar startup Genies hits $1 billion valuation in latest raise

Only in the current market can one wonder how a celebrity avatar startup that sells NFT accessories took so long to hit a unicorn valuation. Genies, an L.A.-based digital avatar startup, announced Tuesday that they had raised $150 million in funding from Silver Lake, with participation from Bond, NEA and Tamarack Global. The round was […]

‘NFT’ app Sticky kicked out of Apple’s App Store after operating for months

Apple’s approach to NFT apps is still something of a gray area. The company permitted NFT marketplace OpenSea to launch an app, but only for browsing NFTs — not for buying and selling them. The same goes for Rarible’s iOS app, which is described as an NFT browser for “viewing” blockchain collectibles. Other NFT apps […]

VCs scale their bets on Solana’s expanding NFT ecosystem

The voracious rise of NFTs as an asset class has been a bubble that seemingly refuses to pop — at least for the time being — but NFT marketplaces are continuing to court investor attention, especially around opportunities that appear untapped by market leaders. In recent weeks, increased attention has been centering on the Solana […]

VCs scale their bets on Solana’s expanding NFT ecosystem

The voracious rise of NFTs as an asset class has been a bubble that seemingly refuses to pop — at least for the time being — but NFT marketplaces are continuing to court investor attention, especially around opportunities that appear untapped by market leaders. In recent weeks, increased attention has been centering on the Solana […]

Visa launches NFT program as it considers the digital art a new form of ecommerce

The credit card giant Visa has launched a NFT creator program in an effort to bring small businesses into the digital economy. “We’ve seen rapid growth in the NFT ecosystem over the past year,” Cuy Sheffield, head of crypto at Visa, told TechCrunch. “We think NFTs represent a new form of ecommerce.” The idea of […]