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Category: Non Fungible Tokens

Mastercard UK Partners With José Mourinho For First-Ever NFT Giveaway

Mastercard, a multinational financial services corporation, has jumped on the NFT bandwagon. Non-fungible tokens (NFT) have continued to gain popularity among mainstream industries. The most recent addition to the NFT world is the global payments leader. Related Reading | Visa Describes NFTs As Promising Means To Engage With The Fans On Thursday, September 16, the company announced that it had created its first-ever NFT in partnership with the renowned football coach José Mourinho, who is also a Mastercard global ambassador. This unique NFT is an animated digital football with José’s signature on one of the panels. The company’s U.K. branch made this announcement. It included a raffle for cardholders in the United Kingdom to win the company’s first NFT. According to the company, the experience will be in English and is free to book, and is available until September 30. Cardholders based in the U.K. can sign up from now till that date for a chance to win. Additionally, only one winner will be selected as there will be only one NFT. Details of how to receive the NFT will be shared by Mastercard’s sponsorship team, via email after the prize draw. The NFT will be hosted on a server owned by the company and backed by their proprietary technology. MasterCard And Its Digital Assets Journey The Financial Services company entered the crypto space last year. Since then, it has made big moves in crypto and blockchain integrated services. The company acknowledged that digital assets are becoming a more important part of the payments world. Related Reading | Real Adoption: How Will Mastercard’s Crypto Acceptance Affect Bitcoin Price? In 2020, Mastercard announced the expansion of its cryptocurrency program, making it simpler and faster for partners to bring secure, compliant payment cards to market. This effort was to aid adoption and create innovative experiences in the crypto space. The company teamed up with Wirex and BitPay to create crypto cards that allow people to transact using their cryptocurrencies. In a bid to make crypto more accessible to everyone, in March 2021, Mastercard and Wirex officially launched the Mastercard debit card in the U.K. and EEA, as well as the rewards program across the globe. Total crypto market cap rises to $2.17 Trillion | Source: Crypto Total Market Cap from TradingView.com In July this year, Mastercard announced the launch of a corporate program, Start Path, for Blockchain and crypto startups. Start Path started with seven global crypto and digital assets startups that focused on solving a unique industry challenge. It has a location in every region. Still, in July, it announced the creation of a simplified payments card offering for cryptocurrency companies. It said that it will “enhance its card program for cryptocurrency wallets and exchanges, making it simpler for partners to convert cryptocurrency to traditional fiat currency.” Related Reading | Mastercard Furthers Investment Into Crypto Card Integration Also, just this month, the company made a big bet on crypto by buying blockchain analytics startup CipherTrace. On September 9, the payments giant announced it entered into an agreement to buy CipherTrace for an undisclosed amount. “Digital assets have the potential to reimagine commerce, from everyday acts like paying and getting paid to transforming economies, making them more inclusive and efficient,” said Ajay Bhalla, president, Cyber & Intelligence at Mastercard. “With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe. Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this.” The creation of this NFT is Mastercard’s most recent move in the digital assets space. Other financial services providers are also making moves in the space. Last month, Visa purchased its first NFT. It later went on to release its NFT whitepaper. Featured image by Mastercard’s priceless.com, Chart by TradingView.com
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NFT Mania: OpenSea’s Daily Trading Volumes Hit Record High of $78 Million

The NFT craze is still around and the OpenSea marketplace has emerged as a hot destination and decentralized platform for trading non-fungible tokens (NFTs). Amid the ongoing NFT frenzy, OpenSea has hit another milestone with its daily trading volumes hitting a record high of over $78 million, on Sunday, August 8. Furthermore, the OpenSea NFT

The post NFT Mania: OpenSea’s Daily Trading Volumes Hit Record High of $78 Million appeared first on Coingape.

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Is Chinese Tech Giant Tencent Planning to Enter NFT Market Soon?

Amid the growing craze for NFTs among Chinese investors, it looks like Chinese tech giant Tencent is planning to enter the NFT market soon. In an exclusive update, popular Chinese journalist Colin Wu reported: “China’s largest Internet company Tencent will enter the NFT, including music, games, news content, etc.” Exclusive: China’s largest Internet company Tencent

The post Is Chinese Tech Giant Tencent Planning to Enter NFT Market Soon? appeared first on Coingape.

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Nifty’s Inc. Partners With Warner Bros To Roll Out A Social NFT Platform

The inaugural kick-off of Nifty’s social NFT platform took a new wave of excitement on Monday. This unusual wave came from announcing Warner Bros as the principal collaborator with Nifty’s Inc. There’s also a backup of seed investment worth about $10 million from some big venture firms of the blockchain. The partnership with Warner Bros […]
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NFT For Internet’s Original Source Code Word Wide Web Sells for $5.4 Million At Sotheby’s

While there have been talks around that the NFT market is facing a severe slowdown, the non-fungible tokens (NFTs) linked to iconic works are fetching millions of dollars. An NFT for the Internet’s original source – World Wide Web (WWW) – was sold for a massive $5.4 million at the Sotheby’s auction house. This NFT

The post NFT For Internet’s Original Source Code Word Wide Web Sells for $5.4 Million At Sotheby’s appeared first on Coingape.

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Tron’s Justin Sun Wins Andy Warhol’s “Three Self-Portraits” NFT for $2.8 Million At Binance NFT Auction

The much-awaited Binance NFT marketplace went live last week on Thursday, June 24. The “Genesis” auction that kickstarted on the same day featuring popular artworks like Andy Warhol’s “Three Self Portraits” and a digitized NFT of Dali’s “Divine Comedy: rebeget”. Tron’s Justin Sun won the bid Warhol’s “Three Self-Portraits” NFT for a staggering $2.8 million

The post Tron’s Justin Sun Wins Andy Warhol’s “Three Self-Portraits” NFT for $2.8 Million At Binance NFT Auction appeared first on Coingape.

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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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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,

The post Here’s What Billionaire Mark Cuban Checks Before Investing In A Blockchain Project appeared first on Coingape.

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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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Goldman Sachs: Ethereum (ETH) Might Overtake Bitcoin (BTC) As A Store of Value

Amid the recent crypto market volatility and the rising dominance of Ethereum (ETH), the debate of ETH vs BTC has sparked with some big players joining the discussion. Wall Street banking giant Goldman Sachs recently published its Global Macro Research report that goes all praises for Ethereum. ParaFi Capital General Partner Santeago Santos shares some

The post Goldman Sachs: Ethereum (ETH) Might Overtake Bitcoin (BTC) As A Store of Value appeared first on Coingape.

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