NFT

The first NFT from Adidas Originals’ “Into the Metaverse” project has generated 11,391 Ether, worth over $43 million, on OpeanSea. This collection has earned the second spot by trading volume on OpeanSea after RTFKT’s Clone X and Takashi Murakami collection. Over the weekend, Adidas’ first NFT effort made over $23 million in Ethereum, from a…

This year, venture capital funds have infused over $30 billion into the crypto sector, which is more than the previous 10 years combined for the new blockchain technology. According to PitchBook Data, that’s almost four-fold the prior high of about $8 billion in 2018, the year following Bitcoin’s 1,300% surge. Fearing to miss out, numerous…

Dubai-based technology company ColossalBit, focusing on non-fungible tokens (NFTs), has purchased the NFT of the ST DuPont pen used by football legend Diego Maradona to sign a contract with Napoli in 1984. ColossalBit, a Dubai-based consulting, design, and development company specializing in blockchain, cryptocurrencies, DeFi, and NFTs, made the winning bid for the S.T. DuPont…

Major cryptocurrency exchange Kraken announced plans to introduce an NFT trading marketplace. Kraken CEO noted the rising popularity of Metaverse NFTs like virtual property and digital items; however, he did not suggest a date by which the service may be launched. Other big exchanges, such as Binance, Coinbase, and FTX, have already introduced their own…

Interest in Metaverse and associated features, like virtual lands and real estate, is in hot demand, available data from DappRadar shows. Over $100 million was spent on purchasing these virtual properties last week, including the Sandbox grossing over $80 million and Decentraland above $15 million. According to DappRadar, Metaverse-related projects like The Sandbox, Decentraland, CryptoVoxels,…

Nuqtah, Saudi Arabia’s first non-fungible token (NFT) marketplace, has closed its pre-seed funding round but is not revealing the amount of raised funds. Accroding to Founded this year, the company enables artists to register and trace their work and serves as a global platform for buyers keen on acquiring the latest NFTs by the Middle…