Prominent NFT projects DeGods and y00ts migrate from Solana to Ethereum and Polygon
    27 Dec 2022

    DeGods and y00ts, two of the most significant NFT projects on Solana, announced a migration to other blockchains. DeGods plans to migrate to Ethereum, while y00ts will be bridged to Polygon. DeGods and y00ts, two of the leading NFT collections on Solana, have announced plans to migrate to Ethereum and Polygon next year, the teams…

    NFT marketplace OpenSea delisting Cuban artists over the US sanctions
    24 Dec 2022

    Leading NFT marketplace OpenSea is actively delisting Cuban artists and users to comply with US sanctions, Artnet News reported. While most blockchain technology is decentralized, large centralized platforms comply with international sanctions. The news came after the Twitter account of NFTcuba.ART shared a screenshot of an email explaining that an account had been “disabled due…

    The Block Research: Metaverse market sinks, as platform sales are down 96% in 2022
    22 Dec 2022

    Monthly sales on metaverse platforms have fallen 96% in 2022, The Block’s new report revealed. The Sandbox reclaimed its market dominance among metaverse platforms, while Decentraland finished the year with the most valued metaverse land parcels. According to The Block Research’s 2023 Digital Asset Outlook report, Metaverse platforms brought in $49.2 million in monthly trading…

    Morningstar Ventures launches 37xDubai – NFT art gallery in Dubai
    15 Dec 2022

    Morningstar Ventures, an investment firm focused on blockchain technology and digital assets, announced the opening of 37xDubai, its first-ever interactive digital art gallery in central Dubai. Located in the Burj Daman Tower, the city’s lifestyle and business hub, this unique NFT art gallery has been established to promote Web3 technology and Web-3-based education, digital/traditional art,…

    Gulf Crypto Insight: Hot crypto news from the MENA region – December 9
    10 Dec 2022

    Top crypto news from the Middle East region over the last week (Dec. 3–9, 2022): Ripple partner and JP Morgan join forces to enhance financial transfers in UAE Al Fardan Exchange, a crypto exchange licensed in the UAE and one of Ripple Labs’ partners, has inked a strategic partnership with global banking giant JP Morgan,…

    Decentraland launches virtual LAND renting
    08 Dec 2022

    The Decentranland metaverse announced a new platform feature that allows its virtual LAND owners to officially rent out the rights to the space for predefined periods through the digital marketplace. Decentranland users who own LAND can now become landlords to earn passive income from their metaverse assets. In an official statement, Decentraland describes LAND owners…