NFT News by Thebittimes.Com

Back in September 2021, the Alonzo upgrade opened the doors for smart contracts on Cardano . At that time, the community was quite excited about NFTs being introduced on the platform. During the initial days, people did try to test out the roll-out. However, it failed to gain much traction, as users were still reliant on other blockchains like Ethereum, Solana , and Polygon to trade their jpeg collectibles. Nevertheless, Cardano currently stands in a much better position. Even though the aforementioned networks retain the top positions along with ImmutableX and BNB Chain, Cardano has been able to manage to rise above Arbitrum, Flow, Ronin, Avalanche, Fantom, Algorand, Cronos, and Tezos by settling more volume via sales in the past 30 days. While the gap between Ethereum, Solana , and Polygon’s numbers seemed to be quite wide for Cardano at press time, it was merely a couple of million off of BNB Chain’s figure. The same is tabulated below. Source: CryptoSlam Also Read: Eth...

April 2022 was a great month for Non-Fungible Token sales, but things went down soon after. November, however, turned out to be quite eventful for these tokens as their sales surged by 13.2% when compared to October. Resultantly, the said metric witnessed a spike for the very first time in seven months. With the crypto market attempting to recover in December, even the NFT market seems to be following suit. Data from CryptoSlam revealed that cumulative NFT sales rose by 9.16% over the past 24 hours to $18,083,090.23. The major chunk of transactions, as such, took place on the Ethereum blockchain. Over the last day, sales on the network accounted for $14.124 million. That was, nevertheless, 1.15% less than the previous day. The number of transactions noted a 5.8% rise, while the number of buyers rose by 7.41%. Solana was the second most preferred blockchain for NFT transactions. Even this network obliged to the re-bound trend and noted a 16% incline in sales. That was accompa...

The NFT-verse has seen a host of new entrants—right from top brands to prominent celebrities—enter into the space over the past few months. Companies in the sports industry have, especially, been playing their A game. Take the case of Nike itself. Last year, the American MNC was in the news for acquiring a company that made NFTs and sneakers for the metaverse. Then, in April this year, Nike released its first collection of virtual sneakers, Cryptokicks. As of the end of August, the company had generated $185 million in revenue via NFT sales. It had done so by fostering a total of 67.2k transactions. Read More: Nike makes $185 million via NFT sales: Leaves Adidas, Gucci behind In fact, a bunch of European Football Clubs has also joined the NFT space to keep iconic match moments evergreen and collectors access to a bunch of membership perks ranging from voting on club decisions, rewards, and merchandise designs to benefitting from other unique experiences....

Japan’s crypto stance has softened over the years. It is now known that Japanese Prime Minister Fumio Kishida’s “New Capitalism” vision seeks to boost Japan’s economy. The minister has already pledged to double households’ wealth and offered to support and help the country’s Web3 businesses grow. In the past, Kishida also stated that metaverse and NFT-related developments will be a part of the nation’s growth strategy going forward. Now, in a recent policy speech, Kishida announced plans to expand the use of Web3 services to bring about digital transformation. To do so, the country will scale up investments in NFTs and the Metaverse. In his speech to Japan’s parliament, Kishida stressed that the government&rsquo ;s investment in Japan’s digital transformation already encompassed issuing NFTs to local authorities  using technology to cater to jurisdiction-specific issues. Here, it is...

Japan’s crypto stance has softened over the years. It is now known that Japanese Prime Minister Fumio Kishida’s “New Capitalism” vision seeks to boost Japan’s economy. The minister has already pledged to double households’ wealth and offered to support and help the country’s Web3 businesses grow. In the past, Kishida also stated that metaverse and NFT-related developments will be a part of the nation’s growth strategy going forward. Now, in a recent policy speech, Kishida announced plans to expand the use of Web3 services to bring about digital transformation. To do so, the country will scale up investments in NFTs and the Metaverse. In his speech to Japan’s parliament, Kishida stressed that the government&rsquo ;s investment in Japan’s digital transformation already encompassed issuing NFTs to local authorities  using technology to cater to jurisdiction-specific issues. Here, it is...

Japan’s crypto stance has softened over the years. It is now known that Japanese Prime Minister Fumio Kishida’s “New Capitalism” vision seeks to boost Japan’s economy. The minister has already pledged to double households’ wealth and offered to support and help the country’s Web3 businesses grow. In the past, Kishida also stated that metaverse and NFT-related developments will be a part of the nation’s growth strategy going forward. Now, in a recent policy speech, Kishida announced plans to expand the use of Web3 services to bring about digital transformation. To do so, the country will scale up investments in NFTs and the Metaverse. In his speech to Japan’s parliament, Kishida stressed that the government&rsquo ;s investment in Japan’s digital transformation already encompassed issuing NFTs to local authorities  using technology to cater to jurisdiction-specific issues. Here, it is...