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NFT for Dummies

Mozilla Foundation Backtracks on Accepting Cryptos after Backlash

Mozilla, the software developer of the internet browser Firefox, has reversed its stance on accepting cryptocurrencies after facing backlash over concerns about the impact cryptocurrency mining has on the environment. Last week, Mozilla had called for cryptocurrency donations through BitPay which eventually sparked a discussion about the harmful impact cryptocurrency mining has on the environment. Multiple reports have stated that electricity …

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Coinbase Shares Predictions on Future of Ethereum Scalability, Metaverse, Defi, NFTs

Coinbase’s chief product officer has shared some predictions for 2022 regarding Ethereum’s scalability, the metaverse, decentralized finance (defi), non-fungible tokens (NFTs), and more. 2022 Predictions by Coinbase’s Executive Coinbase’s chief product officer, Surojit Chatterjee, shared last week 10 predictions of what the crypto industry holds in 2022. The predictions cover a range of crypto topics, including ETH scalability, zero-knowledge …

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4-Year-Old OpenSea Raises $300M in Venture Capital, Valuation Reaches $13.3B

OpenSea, one of the top blockchain start-ups, has raised $300 million in new venture capital, bringing the total valuation to a staggering $13.3 billion in just four years after it was founded, according to The New York Times. The new round of funding was led by the investment firms Paradigm and Coatue Management. According to the …

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Taiwan Musician Jay Chou Enters the Metaverse NFT Market, Earning Nearly $10M

Following the NBA star Stephen Curry, Singaporean singer Lin Junjie and several other celebrities entering the NFT world by either purchasing or collaborating in NFTs, Taiwanese pop singer and musician Jay Chou has also ventured into the meta-universe, earning nearly $10 million. On January 1, Meta universe platform Ezek and Jay Chou’s trendy brand PHANTACi sold …

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Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs

Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing. Ruling Party of South Korea …

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Samsung Brings NFTs Into Smart TV Line-up

If you can flaunt your NFTs on Twitter, why not in the living room? Many may be trying, but Samsung fulfills the dream of bringing NFTs to households; the tech giant’s smart TV line-up for 2022 will feature NFT management. An “intuitive, integrated platform for discovering, purchasing, and trading digital artwork” will make it to …

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Eminem Purchases Bored Ape Yacht Club NFT for $462K

The celebrated entertainer quickly made the dazed-looking ape, who is outfitted in a military-style cap and hip hop clothing, his Twitter profile picture. Award-winning rapper Eminem has joined the Bored Ape Yacht Club (BAYC), purchasing one of the non-fungible token (NFT) apes Thursday on the OpenSea platform for 123.45 ether, nearly $462,000. Eminem quickly made the ape, …

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South Korean Lawmaker Says He Will Start Accepting Crypto Donations in the New Year

Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to Be Converted Into Korean Won A Korean lawmaker, Lee Kwang-jae, has said he will start …

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NFTs to help brewers and farmers preserve UNESCO Belgian beer heritage

As a part of the partnership, Zeromint will mint and offer exclusive NFTs on the GoChain blockchain, which will be made available for international beer fans via BBA. Brewers and farmers from Belgian Barrels Alliance (BBA) have partnered with Zeromint to offer nonfungible tokens (NFTs) aimed at preserving the UNESCO recognized Belgian beer culture and …

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Shiba Inu Launches Beta Version of DAO to Give Users More Authority Over Crypto Projects

The Dogecoin rival is aiming to provide its users with more control over crypto projects and pairs on the ShibaSwap platform. Shiba Inu has launched a beta version of a decentralized autonomous organization (DAO) to give users more authority to decide on crypto projects and pairs on the ShibaSwap platform, according to a blog post. The …

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