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Category: NFTs

ECOMI And VeVe: The Mom And Pop Of NFT Comics And Illustrated Books

ECOMI and it’s NFT platform VeVe are carving out a unique niche in NFTs. You never know what may happen to that old Spider Man comic you once loved but lost or threw out. What if that same comic book could be bought and saved online only to grow in value? ECOMI and VeVe are looking to address exactly that. Today’s generation has found a new way to turn digital comics into high value digital NFTs that can be resold for two to ten times (or more) of their initial value.  The OMI token has remained strong through substantial volatility. | Source: OMI-USD on VeVe Changes The Landscape For Comic and Illustrated Books Lets take a quick but deep look into ECOMI and VeVe. VeVe is a block chain digital art app that allows everyday crypto investors and cartoon NFT fans to buy and hold or resell comic books, characters, and even illustrated novels. What makes VeVe special and different from potential competitors is it’s ability to display your art in 3D anywhere in your home, office, outdoor space or room, etc. – while some people even save them in their personal VeVe vaults for personal joy or flex. OMI, the token behind VeVe, has made huge plays to put VeVe on the map by partnering with super hero comic powerhouse Marvel and DC, and even landing a deal with “The Little Prince” by Antoine de Saint-Exupery. Related Reading | Number Of Investors Holding Bitcoin Tripled In Last Three Years All of this action within the past couple weeks will look to help both VeVe and the OMI token rise to the top, and become the face for the new era of digital comic books and illustrations, all within the fast and ever-changing crypto NFT world. To understand this importance, you must understand the head of the beast: ECOMI. ECOMI is a Singapore-based technology company in the collectible space of digital NFTs. They created VeVe to add a new dimension and spin on the NFT world. Within the few days, the price action has been re: the coin currently sits at $0.005 USD, with a trading volume north of $18M. Related Reading |  Tomi Heroes NFT Sales Volume Just Exploded Past $1.35M, With Massive ROI Potential For TOMI Sale  With the recent September 17th announcement of ‘The Little Bear’ deal and the strong price action lately, it is safe to say this is a company, app , and token that you should have on your radar if you’re interested in comics and NFTs that have potential looking forward. In this new world of potential gold, it’s hard these days to ignore any company that takes on high client projects with good reputations within unique communities across the world. With new investments left and right into immersive NFTs, augmented reality, and other metaverse components, ECOMI and VeVe are making the strides necessary in securing strong IP partners to future-proof the brand.
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Christie’s Will Auction Original Art From Gary Vee ‘s Veefriends NFT Collection

Notorious entrepreneur and social media personality, Gary Vee, is now a full-blown artist. The legendary auction house Christie’s crowned him as so by announcing an auction of five of the original pieces from his Veefriends NFT collection. Is this new development positive for NFT mania? Is it positive for Veefriends holders? What does it say about the current state of the arts? So many questions. Related Reading | In The Mood For Auction: Wong Kar-Wai ‘s First NFT Available At Sotheby’s First of all, these are the five pieces that Christie’s will auction: Christie’s — Gary Vaynerchuk (@garyvee) September 14, 2021 On the Veefriends official site, the NFT collection is defined as: “VeeFriends is the name of Gary Vaynerchuk’s NFT collection. He created VeeFriends to bring to life his ambitions of building a community around his creative and business passions using NFT technology and their smart contract capabilities. By owning a VeeFriend NFT, you immediately become part of the VeeFriends community and get access to VeeCon.” So, maybe Gary Vee ’s credentials as an artist are lacking, but he’s a titan at generating value. Maybe his childlike drawings are not that aesthetically pleasing, but Gary Vee’s ability to generate community around an idea is a proven fact. And his drive to win is unmatched. Which characteristics are more important for an NFT project? What are Veefriend’s holders investing in? At the moment of writing, Open Sea informs that the floor price for a Veefriend is 18,4 ETH. According to CNN, Veefriends “amasses $70M in sales since launch in May.” ETH price chart for 09/14/2021 on Bitstamp | Source: ETH/USD on CNN’s First Move Announces Gary Vee/ Christie’s Auction The man himself, Gary Vee, went on CNN to announce that Veefriend’s original art is to be auctioned by the legendary Christie’s. How much value for his NFT holders did this move create? “People underestimated this project in the OG NFT-land, and this is another execution that’s not going to allow them to underestimate it anymore.”@garyvee announces he’s bringing five personal artworks from his #NFT collection @veefriends to @[email protected] | #NFTart — First Move CNN (@firstmove) September 14, 2021 When host Isa Soares asked Gary Vee about the reasons behind partnering with Christie’s, besides dedicating the win to his parents, he said: “Why? Because it elevates the brand. I have people who are watching right now that own the gorilla, own the tiger, own the “you’re gonna die” fly. This is my Disney. This is my Pokemon. This is my character IP based reality and I’m going to build this for the next 40 to 50 years.“ Isn’t that exactly what you want to hear if you’re a Veefriends holder? Commitment. Through a huge platform. Gary Vee ’s community appreciated and understood the impact of the moment, as this video shows: Jeeez! The @veefriends discord is on fire! 🚀🚀🚀🚀🚀🚀🔥🔥🔥🔥😭 @garyvee! — ℂ𝕒𝕡𝕦𝕥(ℂ𝕣𝕪𝕡𝕥𝕠)𝔻𝕣𝕒𝕘𝕠𝕟𝕚𝕤🦋 (@CryptoDragonis) September 14, 2021 Another quote from the CNN interview: “People underestimated this project in the OG NFT-land, and this is another execution that’s not going to allow them to underestimate it anymore.” In light of the announcement, it’s hard to argue with that. The story behind the slabs and the drawings and the auction at @ChristiesInc — Gary Vaynerchuk (@garyvee) September 14, 2021 The Veefriends Are Doing It In Their Own Way Not everything in NFT-land is about the art. Not everything in the Veefriends is about childlike drawings. As we learned from Bitcoinist’s “The Andy Milonakis NFT Show,” “The NFT world has got its own characteristics, though, and a sense of belonging is one of the main ones. The Bored Apes are part of a Yacht Club. The Gutter Cats are part of a Gang.” Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Gary Vee understands this better than everyone. From the Veefriends site: “VeeFriends are all about utility and access, meaning each NFT will have different levels of access and activities through the smart contract attached with each investment thus giving them “utility” through metadata. Over the last 15 years, he has spent time interacting with hundreds of thousands of people — what VeeFriends will allow will be a structure around these interactions. The token is the key that unlocks you into Gary’s world.” The drawings somehow connect to the hundreds of meetings with entrepreneurs young and old that Gary Vee has had through the years. And give you access to that world. The NFT collection is an extension of Gary Vee ‘s work. It will always be “AND” when it comes to art 🖼 .. “OR” always losses historically — Gary Vaynerchuk (@garyvee) September 14, 2021 “There’s just so many ways to do it, and I cheer for them all,” says Gary Vee regarding NFTs. In light of the Christie’s announcement, it’s hard to argue with that. Featured Image: The five Christie’s pieces as per this tweet | Charts by TradingView
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Apparently, Our Theory About The Fake Banksy NFT Was Incorrect. Here’s New Info

A couple of weeks ago, a hacker with a heart of gold sold a fake Banksy NFT for 100 ETH and then gave the money back. They advertised the auction through Banksy’s official site. If the NFT was fake, someone hacked that site. Which seemed unlikely. Also, there is the issue of the alias that the scammed NFT collector uses. Pranksy, a play on words referencing the elusive graffiti artist Banksy mixed with the word “prank.” Which is what this whole situation is.  Too many coincidences. Suspicious, we posed our theory: “Was Pranksy targeted by Banksy and his team? If Banksy wanted to create worldwide headlines and comment on the NFT boom at the same time, a notorious art collector was the missing ingredient. Pransky’s prominence in the NFT community mixed with his name makes him an ideal target.” It seemed to fit, but the case of the fake Banksy NFT never ceases to amaze.  Security Experts Warned Banksy About His Website’s Vulnerability Luckily for us, the BBC is on the case. They interviewed Sam Curry, “a professional ethical hacker from the US and founder of security consultancy Palisade.” There seem to be too many “ethical hackers” in this story, but ok… Curry told them: “I was in a security forum and multiple people were posting links to the site. I’d clicked one and immediately saw it was vulnerable, so I reached out to Banksy’s team via email as I wasn’t sure if anyone else had. “They didn’t respond over email, so I tried a few other ways to contact them including their Instagram, but never received a response.” These things happen. How many emails does Banksy’s team get? Did it pass their spam folder? Can we be sure they read it on time? The suspicious thing, though, is Mr. Curry’s description of the site’s vulnerability. It:  “allowed you to create arbitrary files on the website” and post your own pages and content. So, the flaw permitted the hackers to do exactly what they needed to do to advertise the fake Banksy NFT auction and not much more, huh? Interesting. BTC price chart on Bitbay | Source: BTC/USD on Banksy Isn’t Responsible For The Fake Banksy NFT, Experts Say Neither the artist’s official website nor the Pest Control website, even acknowledge the fake Banksy NFT. Something doesn’t feel right, though. The BBC felt our uneasiness and tried to put our concerns to rest. They consulted two Banksy experts and they both thought that the shoe didn’t fit. According to them, the elusive graffiti artist is not the mastermind behind the whole event. This is not a “Banksy stunt.” Professor Paul Gough, “principal and vice-chancellor of Arts University Bournemouth,” goes first: “I don’t see it as a Banksy prank. The timing for me doesn’t work right, the context doesn’t feel appropriate. He’s just done his ‘Spraycation’ stunt where he bombed 10 sites in East Anglia, and put out a video on social media about it. “That is a pretty major stunt and takes a lot of organising by a very professional crew, so I just don’t think the timings right here so soon after that.” Here’s the Spraycation video, dated August 13th, 2021: It does seem like a “major stunt.” Does that mean that the fake Banksy NFT operation is out of the question? Or did Banksy went to work immediately after finishing his spraycation? Did the elusive graffiti artist strike again in the digital realm? Second at bat is John Brandler, a Banksy collector, who provides another reason:  “Banksy’s stunts are not malicious and they don’t hurt people.” Good point, but let’s be honest, the incident didn’t really hurt Pranksy. The NFT collector got his ETH back,  was the subject of worldwide headlines, and still got to keep the fake Banksy NFT. It may be worth something, someday.  Is this the last we’re going to hear about the fake Banksy NFT? Featured Image: Screenshot of the fake Banksy NFT | Charts by TradingView
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How Axie Infinity Has Become The Second Largest Fee Revenue Generator

Axie Infinity has been on an absolute tear lately. The play-to-earn platform has become the face of a new integration of crypto and gaming that holds unbelievable potential. Axie Infinity has surpassed 1M daily active users, and is generating more revenue than any protocol or platform with the lone exception of Ethereum. Yes, Axie Infinity is yielding more fee revenue than major platforms such as OpenSea, Uniswap, Bitcoin, or the Binance Smart Chain. If you weren’t already paying attention to Axies, you probably should be. Need to get up to speed on the basics? Check out our report from a couple months ago on the emergence of Axies. Axie Infinity: On Top Of The Charts A series of tweets from Coinbase Ventures’ Connor Dempsey lays out the short and sweet of the story quite well. As Dempsey aptly notes, every Axie transaction collects a priced-in fee – either in $SLP or $AXS. At the time of writing, in the past 24 hours, Axies have generated over $17MM in sales volume, leading the pack when it comes to NFTs. The next closest NFT project on the sales volume chart is Bored Ape Yacht Club, which is just under $9MM. You’re reading that right, Axies have nearly doubled the next closest comparable NFT project today. Axies, of course, also lead the 30-day and all-time charts for NFT sales volume, as the platform has eclipsed $1.7B in transactions and approached 1.5M owners. If you look at blockchain fee revenue over the long-term, Axies become even more impressive. According to Token Terminal, any long-term time horizon from the 90-day chart and longer reflects a fee generation from Axies that surpasses Ethereum. As Dempsey highlights in his tweet thread, the treasury pool from Axie fees has ballooned to nearly $600MM. Axie Infinity’s governance token, AXS, has been explosive this year as the platform crosses over 1MM active daily users. | Source: AXS-USD on Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course The Sky Is… Infinity? Dempsey’s tweet thread leads to a new Coinbase blog post this week centered around Axie Infinity, associated gaming guild Yield Guild Games, and more broadly, the play-to-earn model. The demand flowing into Axie Infinity has led to Axies costing an average of around $300 this month, with a minimum of 3 Axies required in order to play the game. Revenues in August nearly doubled from July. How did this happen? It started with an emergence last year in the Philippines. It’s grown so much in the country that government finance officials have reiterated that profits from play-to-earn titles should be reported as income tax. Other developing and emerging countries, particularly ones hit hard from the COVID-19 pandemic (and where local currencies may have weakened), have found a living wage modeled through Axie Infinity as well. The largest criticism around Axie comes to sustainability; will consistently rising costs to enter the market lead to unsurmountable barriers to entry? In enters Yield Guild Games, who lend out Axies for a small return. Yield Guild Games even partnered with exchange FTX to sponsor over 100 players in developing countries. The surrounding economy to support Axie Infinity is coming to life before our eyes. Axie Infinity is paving the way for the play-to-earn model, and impacting individuals lives in a very major way, at a very significant scale. Related Reading | Only In Crypto: A Croissant Breaks Down How Gamestop & NFTs Will Boost Ethereum Featured image from, Charts from
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Visa Describes NFTs As Promising Means To Engage With The Fans

Visa now makes a full head plunge into the NFTs following its evaluation of the technology behind the assets. The global payment giant described NFTs as having the potential to serve as the engagement medium for fans. Visa made this description through its recent whitepaper publication. The publication suggests that Visa sees non-fungible tokens as a crucial innovation during the recent pandemic. The publication observed that strict restriction orders cause a limitation to live sports, music festivals, and entertainment. Related Reading | Former DigitalX Executive Appointed As The New Binance Australia CEO The emergence of NFTs came when fans are eager to join digital communities that portray their favorite sports teams and artists. What Will Trigger The Move For NFTs? Professional sports got the hardest blow from the pandemic. There’s an estimation of an $18 billion revenue loss across the major global leagues. Visa envisages that this further pushes for the need for revenue diversification and more focus on technology. This will bring repositioning for more business growth opportunities and gain more fans’ attention and participation. According to the report, NFTs are attractive to fans, leagues, teams, talents, and collectors. It further unveils the peculiarity of the NFTs as the basic sources of fan engagement, fresh revenue streams, and customer relationship management. However, the major utility situations of NFTs so far are art, gaming, and collectibles. The release of the whitepaper came with an announcement from Visa on the purchase of CryptoPunk 7610, its first NFT. Visa bought the NFT for $150,000, and the token has its proof of ownership stored on the Ethereum network. The collection comprises 10,000 unique NFTs. Industry sources record the sales of 2,519 CryptoPunk collectibles within the past 30 days—the sales sum amount to $467.4 million. The highest-grossing sale within the period falls on CryptoPunk 7252, sold for 1,600 ETH, worth $4.5 million. Besides the increased adoption for CryptoPunk, NFTs are also gaining popularity in other niches. There’s a report that the NFT marketplaces net sales in August will surpass $900 million. This sets the industry’s new record. The previous record, set in May, was when the net NFTs sales hit $255 million. The month of May saw the crypto markets reaching new all-time highs and then proceed to a multi-month correction experience. Related Reading | Cream Finance Loses $25 Million To A Flash Loan Attack Visa’s plunge into NFTs is not a surprise move as the company already has a growing interest in cryptocurrencies. The firm had a recent agreement with Zipmex, a crypto platform. This results in the provision of crypto payment integration within the Asia-Pacific region. In addition, earlier in the year, Visa confirmed its commitment to establishing crypto payment and fiat on-ramps. This was its move to boost the class of digital assets. Featured Image From Pixabay
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David Marcus Of Facebook Indicates Plans To Support NFTs

According to David Marcus of Facebook, you must seek out ways to clients support NFTs if there is a good cryptocurrency wallet such as Novi. After completing Facebook’s exclusive crypto wallet Novi, the top-notch social media magnet, will likely support NFTs (non-fungible tokens) very soon. The co-creator and financial head of Facebook, David Marcus, launched cryptocurrency Diem. In his speech on Wednesday, he stated that Facebook is assuredly searching for realizable ways to enter into the Non-fungible-Tokens industry. Facebook is considering many different choices to launch the NFT features when the right time comes, says Marcus in an interview with Bloomberg Television. Related Reading | 37% Of U.S. Investors Decline To Liquidate Cryptocurrency Assets in Bearish Situations According to him, “with a good cryptocurrency wallet such as Novi, there is the need for you to think on how to assist clients support non-fungible-tokens,” he says. Crypto wallet Novi is currently “ready for launch,” says Marcus. However, after developing the wallet for two years now, Facebook is not in a hurry to launch it, pending the firm’s go-ahead from regulators to launch together with Diem. The Origin Of Facebook Backed Crypto-Wallet Novi Facebook started the work on this digital currency a couple of years ago, initially bearing answering Libra. On June 18th Facebook broadcasted a white paper for their long-awaited blockchain-based and cryptocurrency financial framework project. As stated by the paper, the social media magnet global stablecoin named “Libra” will function on a scalable and native blockchain. Also, it will be supported by reserve assets designed ostensibly to provide it with intrinsic value and reduce volatility fluctuations. All the assets comprise a basket of short-term government securities and bank deposits, held within Libra Reserve per every issued Libra. In addition, the governance of the current crypto will be through a Switzerland-based not-for-profit consortium – “Libra Association.” It counts Stripe, Visa, PayPal, Mastercard, Uber, Andreessen Horowitz, Coinbase, and eBay as its founding members. Meanwhile, Facebook has plans to further the association to reach at least 100 members by the estimated launching time during the first six months of 2020. Latest Novi Launch Resolution As it stands now, the social media magnet Facebook may go ahead with the Novi launching without Diem says Marcus as a fallback plan. However, for Diem to succeed, both of them are required, he added. In June 2019, Facebook broadcasted a white paper for the then-named Libra. The original plan was to stick numerous fiat currencies with this digital currency, including the US, Singapore, British pounds, Japanese yen, and the euro. Related Reading | PayPal To Facilitate UK Customers With Cryptocurrency Trading Feature However, because of the pushbacks from global regulations, Libra Association finds it difficult to the stablecoin since then. Eventually, the digital currency is currently rebranded to Diem Association. Also, the digital currency is redesigned to be stuck majorly on the United States dollar. In addition, the United States government will regulate it. Featured Image From Pixabay
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Visa Issues NFT Report After Buying CryptoPunk, Cites Ethereum & Flow Blockchains

Visa is showing some bullish behavior around NFTs. As reported on at our sister network Bitcoinist today, Visa made a splash by purchasing a CryptoPunk to kick off the week. The purchase was made late last week for around 49.50 ETH – approximately $150,000. The company is showing clear optimism on the future of the NFT market. If that purchase wasn’t enough to convince you, the firm also released a new NFT report. “Crypto And Commerce” The brief report can be found as the latest white paper to feature the company’s crypto research tab on the website. Titled “NFTs: Engaging Today’s Fans In Crypto And Commerce,” the report positions NFTs as having “vast potential in the sports and entertainment world.” While many early NFT projects are bound by a sense of community, a unique identity, or early adopter positioning, there is also no question that NFTs have massive potential in being the next wave of sports collectibles. Of course, with the recent CryptoPunk purchase, it’s clear that Visa understands that the potential goes well beyond just collectibles. Nonetheless, the report goes on to provide a fundamental layout of what NFTs are, and why collectors, fans, teams, leagues, and talent are finding them attractive. The FLOW blockchain is highlighted with Ethereum in the latest Visa report. | Source: FLOW-USD on Related Reading | TA: Ethereum Forms Bullish Pattern, Why ETH Could Continue Higher Lay It All Out There The report goes on to talk about various NFT use cases, including in sectors like art and gaming (our team emphasized the importance of project use case in a recent Altcoin Evolution report). Additionally, the analysis highlights Ethereum and Flow blockchains as pivotal players in the NFT space. The document approaches it’s close by laying out the importance of storage and access, and highlights the different types of marketplaces that can be utilized for distribution. In sports particularly, the end of the Visa document outlines several different verticals that the company sees as notable areas of potential: loyalty and gamification, utility across metaverses, ticketing, fan governance and decision-making, and fan data with pseudo-anonymity. Indeed, several of these verticals are already seeing fruitful growth (fan tokens, for example, are already empowering fans across different sports and teams to have a say in impactful decisions). The final ribbon on the report outlines some anticipated considerations and risks, including environmental impacts, fees, and licensing, legal, and regulatory considerations. The company also makes note to highlight emerging efforts in crypto, including Visa Crypto APIs, blockchain research from the firm, and their own Digital Currency Innovation Hub. As per the aforementioned Bitcoinist article, the Visa wallet data from OpenSea has been gifted a variety of NFTs. Visa of course knows that “innovations such as crypto and NFTs are likely to shape sports, entertainment, and other communities going forward.” What will be the next big purchase for the Visa wallet? Related Reading | Grayscale Tops Up Ethereum Investment To $10 Billion Featured image from Pixabay, Charts from
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KingTiger Casino Temporarily Shuts Down Due To Ethereum Network Congestion

KingTiger Casino recently went out of operation due to Ethereum congestion issues. The online casino announced that they wouldn’t be operating until they get a suitable solution for their users. On their website, the company gave the reason for shut-down due to congestion on the Ehereum network. According to them, it has become impossible to run their games on the network with their current format. Related Reading | Coinbase Removes USD Coin (USDC)” Backed By Dollar” Statement For now, KingTiger Casion is searching for a better solution to accommodate their new games and advanced features. Presently the casino services are not working, but users are still able to access their wallets. Funfair Technologies, the owner of KingTiger, also allows users who wish to create new accounts to do it. Also, KingTiger Casino has assured non-custodial wallet users that they can still control their assets. They assured these users that they could keep their funds in their personal wallets until they want or move them to an ERC-20 address. A Brief On Funfair And KingTiger KingTiger was using the FUN token to operate. This is not surprising since the parent company, Funfair technologies, is behind the FUN token based on smart contracts. Funfair technology is a gaming platform using Ethereum smart contracts to execute transactions. The platform is decentralized and was launched in 2017. The company is yet to make further statements concerning this temporary shutdown of its casino. Ethereum Hard Fork To Provide Alternative To These Problems One of the reasons that made the recent London hard fork commendable is that it aims at solving the Ethereum network issues. Before now, there were unsteady transaction fees and a lack of scalability. Also, the network was becoming too congested following the rise of DeFi and NFTs on the network. But with this upgrade, the community is hoping to see a solution to the scalability issues. Related Reading | Lionel Messi To Get Paid In Crypto For Joining Paris Saint Germain With the hard fork, there is now an additional 800 deflationary blocks formed following the excessive burning of ETH that surpassed mining rewards. As a result, this mechanism automatically decreased Ethereum supply temporarily. At the time of writing, ETH targets to cross the $4k following Bitcoin’s growth | Source: ETHUSD on After the upgrade, the price of Ethereum went as high as $2,000 and later broke the $3000 level. However, as of now, the transaction fees on the Ethereum network are still high. Before the upgrade in July, the transaction was as low as $4 but has now added $16. But even at its level, it is still lower than the $33 which Uniswap charges on its network. Featured image from Pixabay, chart from
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How Much Is Your Love Worth? Polish Influencer Sells “Love” As NFT

NFTs are becoming the next big thing in the crypto market as more investors get on board with projects surrounding them. Non-fungible tokens like the “Stoner Cats” NFTs was released with huge success in their communities. Non-fungible tokens which mostly revolved around art when they were first released has now expanded into a wider domain. Increasing support for NFTs has shone through with e-commerce giant Shopify adding merchant support for non-fungible tokens. And most recently, Coca-Cola partnering up with Tafi to launch its very first collection of non-fungible tokens. The non-fungible tokens include files like images, audio, and video. Related Reading | Are NFTs Dead? New Game Changing Trends Now comes one of the most interesting uses of none-fungible tokens so far and that is 26-year-old Polish influencer Marta Rentel announcing she has sold her love online as an NFT. The NFT sold for $250,000 and the lucky buyer gets to go on a date with the influencer. Selling “Digital Love” Talking about the sale, Rental explained that she wasn’t selling her physical love. But was rather selling the love of her online persona. “Nothing on the Internet is physical,” Rental said. “It’s part of my online persona.” The 26-year-old Polish influencer boasts over 600,000 followers on Instagram and goes by the name of Marti Renti online. The influencer explained that she wanted to be the first person in the world to tokenize emotions. Related Reading | TABOO Set to Launch First-Ever NFT Collectibles for Supermodels This remains a novel idea, as one would scratch their head trying to figure out exactly how they would tokenize emotions. But Rentel believes that love can be separated into physical love, platonic love, and most importantly, digital love. With each one being just as real as the other. Rentel confirmed the sale of the NFT but added that she did not know who had bought it either. The identity of the buyer seems will remain unknown until the date with the influencer. NFTs As A Store Of Value NFTs are gaining more support given what they represent. With this, people can show that they undisputedly own a piece of artwork or anything else being sold as a non-fungible token. Information about the work and the owner is written directly to the blockchain where everyone can see who the owner of the piece is. This has been especially popular amongst artists as this provides them a way to directly sell their art. And also helps to combat people using their work without properly paying or licensing it. Related Reading | Banksy’s Infamous ‘Spike’ Artwork Becomes an NFT The information on the blockchain is impossible to edit or remove. So every and all record regarding a sale is put on the blockchain, which basically acts as a digital ledger for the sale. Marta Rentel does not stop at selling her “love” as an NFT. The influencer plans to continue to sell her Instagram photos and YouTube videos as non-fungible tokens. Featured image from Kindpng
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Coinbase to Ship Products Beyond US and EU

As the current digital currency ecosystem continues to evolve, American Nasdaq-listed cryptocurrency exchange, Coinbase Global Inc is set to take its products global. In a recent blog post shared by the company’s co-founder and Chief Executive Officer, Brain Armstrong, the firm is set to streamline its listing process, while making rolling out additional products to

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Marvel Studios to Release its First Digital Collectible NFTs

The Marvel Cinematic Universe, popularly known as Marvel Studios is set to recreate the sensations it offers its fandom globally, this time, with the power of blockchain technology. According to the official announcement, Marvel Studios will be partnering with VeVe, an online marketplace for licensed digital collectibles to launch a whole range of Non-Fungible Tokens

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Dip or No Dip, Mike Novogratz Says He is “Still a Big Buyer of Bitcoin”

Mike Novogratz, the Chief Executive Officer of cryptocurrency assets management firm, Galaxy Digital, has reiterated his trust in the capabilities of Bitcoin (BTC) and cryptocurrencies as a viable asset class. Speaking in an interview on Bloomberg Live, Novogratz said that he views Bitcoin as a form of digital Gold. “I look at #Bitcoin in particular

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Fox Entertainment Creates $100 Million Investment Fund for Non-Fungible Tokens (NFTs)

Entertainment giant and media house Fox makes a blockbuster entry to the non-fungible tokens (NFTs) market by launching a $100 million creators fund in partnership with Bento Box entertainment. This mammoth investment comes just at a time when the NT market has been showing signs of a slowdown. Fox’s NFT operations will take place under

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Thailand Issue Outright Ban on NFTs and Meme Coins Amid Crypto Crackdown

In a major crackdown on the new-age cryptocurrencies, the Thai Securities and Exchange Commission (SEC) has banned all local exchanges from trading exchange-issued tokens, meme coins, fan-based tokens, and other non-fungible tokens (NFTs). The regulatory action basically targets mem coins like Dogecoin (DOGE) which started as a joke cryptocurrency and has recently driven major frenzy

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The Soccer Club That’s Offering Ownership Via NFT

Thought you’ve seen it all in NFTs? Think again. Sure, we’ve seen digital art collectibles, even some with tangible assets intertwined. Recently, we’ve even seen NFTs including things like patents and Nobel Prize-winning invention documentation. Today, Liga MX franchise Club Necaxa announced their intent to offer something especially unique via NFT – team ownership. Bidding […]
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Here’s What Billionaire Mark Cuban Checks Before Investing In A Blockchain Project

Mark Cuban, the billionaire investor and owner of NBA Team Dallas Mavericks has been recently in the news after announcing his latest investment in Indian blockchain startup Polygon. Over the last two years, Cuban has been very active in the crypto and blockchain space handpicking some tokens and interesting projects for investments. Speaking to CNBC,

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UC Berkeley To Auction Nobel Prize-Winning Inventions As NFTs

NFTs have been a pillar around a variety of upcoming projects and firms. From music, to fashion, to sports – and beyond – NFTs have been a hot topic. Now, the University of California Berkeley is looking to fund research by way of two NFTs at the heart of “biomedical breakthroughs”. Magnificent Minting In an […]
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Polygon (MATIC) Skyrockets 32% After Strong Backing from Tech Billionaire Mark Cuban

The price has Polygon’s native crypto MATIC has skyrocketed 32% today making its move above $2.0 At press time, MATIC is trading at $2.13 with a market cap of $13.1 billion. The recent price rally comes as tech billionaire Mark Cuban officially announced his support to the Indian blockchain startup. Mark Cuban, with a net

The post Polygon (MATIC) Skyrockets 32% After Strong Backing from Tech Billionaire Mark Cuban appeared first on Coingape.

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