NFT Stars (NFTS) News

The amount of NFTs sent to marketplaces hit $37 bln as of May 1, 2022. The indicator is close to surpassing the overall NFT transaction volumes equal to $40 bln of 2021. According to a report by the blockchain data platform Chainanalysis, despite some ups and downs in volumes, the number of active...

Business magnate Elon Musk, who recently announced buying the social media company Twitter changed his Twitter profile picture for a Bored Ape Yacht Club collage. Musk wrote that the picture seems pretty fungible to him. I dunno … seems kinda fungible— Elon Musk (@elonmusk) May 4, 2022 ...

Analytical report by Huobi Research, blockchain industry reserach institute affiliated to the crypto exchange Huobi, published an analytical report on the current NFT market state and possible future developments. The report titled “Looking for the Eye of the Storm - NFT Price Analysis”,...

The company standing behind the development of the Bored Ape Yacht Club, Yuga Labs, attracted $450 M in a recent Series Seeds funding stage. Completing the round, its valuation has reached $4 bln. VC firm Andreessen Horowitz (a16z) led the round. Among investors were game software company Animoca...

Meta (formerly Facebook) CEO Mark Zuckerberg announced during the annual event South by Southwest (SXSW) that the Instagram team is working on bringing NFTs to the network in the near term. The executive didn't say when exactly it will happen, but mentioned: "hopefully in the coming...

Yuga Labs, the creator of the well-known NFT collection Bored Ape Yacht Club, revealed acquiring CryptoPunks and Meebits from Larva Labs. The company published a blog post, saying that it gave full commercial rights to the community. With the purchase, Yuga Labs now owns the brands, copyright in...

Immutable X, Ethereum's leading NFT scaling protocol, announced closing Series C round, raising $200 M. Thus, the company's valuation hit $2.5 bln. 1/ Major news: we’re thrilled to announce @Immutable has raised $200M in Series C funding @ $2.5B val.🎉We’re supercharging our mission to make...

The Securities and Exchange Commission studies the NFT (non-fungible token) market to see whether the sales comply with the agency's rules. A Bloomberg report, citing people familiar with the subject, says that the focus of the probe is to see if certain NFTs and digital assets can be used to...

The Canadian branch of KPMG, a global network of professionals that provides audit, tax, and advisory services, has acquired an NFT from the collection World of Women (WoW) along with an Ethereum Name Service domain name. KPMG (Klynveld Peat Marwick Goerdeler) is one of the Big Four accounting...

The leading video sharing site Youtube released a blog post on behalf of Chief Product Officer, Neal Mohan. He presented what improvements and features were added in 2021, what is new and what tools and features to expect. Plans of the company include introducing new insights for video creators and...

The Treasury Department of the USA issued a report on NFTs, saying the assets include financial crime risks, and recommending possible solutions. Based on a recent study by the Treasury, the high-value art market presents money laundering and terror finance risks. The report also looked into the...

Benedetto Vigna, the CEO of leading sports car manufacturer Ferrari, said during the earnings call of the fourth quarter of 2021 that the automaker is looking at opportunities for growth in the metaverse. The executive said it's important to explore how new technologies can help the brand. Vigna...

Leading NFT marketplace OpenSea announced compensating users that suffered from the recent bug exploit. Funds worth $1.8 M was returned to the users. It was detected on January 24 that a hacker found a front-end vulnerability. Exploiting the bug, the hacker withdrew around 332 Ethers, worth around...

Twitter's subscription service Twitter Blue announced that now users can use NFTs as their profile pictures by connecting their crypto wallets. Tesla CEO Elon Musk reacted to the news, saying that the news is annoying. In his opinion, it would be better if the social media network spent its...

Meta, the parent company of Facebook, Instagram, and other entities, aims to provide users the possibility to create and trade NFTs. An article, published by Financial Times, informs that Facebook, and Instagram are working to enable users to put their NFTs on view through their profiles. Persons...

Later filings by leading retail company Walmart unveil that the company intends to release its own crypto asset, NFTs, and enter the metaverse. The company submitted filings with the USA Patent and Trademark Office at the end of 2021. Overall, Walmart presented 7 filings. In one of them, the...

China’s Blockchain Services Network (BSN) intends to release infrastructure at the end of January to enable NFT deployment. This step is a major development towards forming a Chinese NFT ecosystem that requires no links to cryptos. Launched in April 2020 by the government, BSN is managed by the...

The leading game retailer, GameStop is said to launch a division to release an NFT marketplace, and start collaborations with crypto companies. Washington Street Journal reported the news on January 6, mentioning that the source was persons aware of the company's plans. It was mentioned in the...