NFT News and Information Today

Web3 innovation: Sony files for NFT patent

Mar 22, 2023

Most crypto and NFT-related software are open-source and it is kept this way for good reason. But as soon as companies start showing interest in new technology, they want to keep their developments safe by securing intellectual property. Often this reveals highly interesting trends because to protect this property, companies have to file patent applications. These applications are public and therefore everybody can take a good look at what might become the future in the respective field.

Meta is on the wrong path: Company abandons NFTs

Mar 15, 2023

Amazon is actively looking into NFTs. Lego is entering the metaverse and companies like Adidas already have celebrated successful partnerships with iconic NFT projects such as the BAYC. NFTs are not the only use case when it comes down to Web3 but they do play an important role in this developing ecosystem. While some companies are opening themselves up to new ideas and opportunities, others are shutting their doors by trying to control digital products rather than sharing them with their customers.

Amazon will launch NFT platform

Mar 14, 2023

On April 24th Amazon will launch its NFT platform. According to this unconfirmed rumor, Amazon Prime customers in the US will be able to trade 15 NFT collections. The bigger news is that Amazon is set to dive into the 'twin NFT' market, where NFT's are 'tied' to physical assets.

Bitcoin NFTs: Yuga Labs raises $16 million with TwelveFold auction

Mar 07, 2023

Bitcoin NFTs are so-called inscriptions and an ongoing success story. Most recently over 150,000 NFTs were minted on the Bitcoin blockchain. Soon after that milestone was reached, Yuga Labs announced the auction of its very first NFT collection on Bitcoin. It looks like TwelveFold is a success story even though not everybody is happy with how this auction was conducted.

Yuga Labs will mint NFT collection on Bitcoin

Mar 03, 2023

Yuga Labs, the ‘Disney’ of the NFT space, will launch an NFT collection on Bitcoin. The exact mint date is not yet known. The launch will be a fresh injection in the Ordinal NFT hype, that had died down a bit the past two weeks.

Blur overtakes OpenSea after announcing a loyalty program

Feb 22, 2023

OpenSea has already some competition. MagicEden and LooksRare are just two examples of NFT marketplaces that have become an alternative. LOOKS is the native token of the later marketplace and it appears that this is exactly what OpenSea is missing. The community is demanding a token for some time but without any luck so far.

Ordinals on Litecoin: NFT craze is entering another blockchain

Feb 21, 2023

Ordinals are a new method to bring Non-fungible tokens to the Bitcoin blockchain. The Bitcoin community is torn over the question if the NFTs are a useful addition or a waste of block space. In any case, Ordinals are growing larger reaching new highs, and are a driving factor in the fee market.

Why one guy 'teleburned' a Bored Ape to Bitcoin

Feb 17, 2023

The Bitcoin Ordinal NFT's protocol keeps making headlines. More than 100.000 files, mostly images, have been inscribed to individual satoshi's in the past three weeks. A few days ago, a Bored Ape owner decided to 'teleburn' his Ethereum-based NFT to Bitcoin. But is that even possible, moving NFT's between blockchains?

Success Reddit Superbowl NFTs signals fast adoption

Feb 13, 2023

Ahead of the Superbowl of past Sunday, users of social media platform Reddit could mint free Superbowl themed NFTs. Since the launch, 1.3 million have been minted. That's remarkable and bullish for the Ethereum ecosystem: Reddit uses the Ethereum-compatible Polygon chain (MATIC) to mint the NFTs.

Bitcoin NFT rage: 'painted sats' push fees higher

Feb 03, 2023

Since the new Ordinals protocol allows people to attach data files to specific satoshi's, the demand for Bitcoin blockspace has gone up. These files, some of them big, drive up the fees too. Some Bitcoiners welcome this, while others scoff at the idea of jpegs on their holy chain.

Report: Amazon planning to launch its own NFT platform

Jan 30, 2023

Last weekend crypto media went wild. According to a report from Blockworks, Amazon is planning to launch its blockchain-based platform. This had a direct impact on the price of AVAX since Avalanche announced a partnership with AWS earlier this month.

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