Galaxy Digital Secure Loan Using Historic Violin NFT
Co-founder of Animoca Brands and Galaxy Digital, Yat Siu, has tokenized a 1708 Stradivarius violin to secure a loan worth millions of dollars. Siu reportedly loaned Galaxy an undisclosed sum of money on June 4, collateralizing the loan with the 316-year-old violin that Siu possessed. The digital assets company converted the violin into a nonfungible […]
PayPal Ends Protection for NFT Transactions
PayPal plans to modify its protection measures for NFT transactions, which is a significant departure from how it previously supported the tokens. The payment giant is modifying the terms and conditions page of its Seller Protection Program, stating that as of May 20, Non-Fungible Tokens (NFTs) with a transaction amount of $10,000 or more will […]
Adidas, STEPN Team up for High-Tech NFT Sneakers
Sportswear giant Adidas has partnered with move-to-earn game Stepn to release some pricey virtual running sneakers as Solana NFTs. Adidas and blockchain startup Stepn have announced a new NFT partnership that aims to guarantee the global adoption of the Find Satoshi Lab (FSL) ecosystem and transform move-to-earn applications. The team plans to produce a batch […]
Imaginary Ones Partners with Animoca Brands to Enhance Tokenomics
Imaginary Ones, an NFT project based in Singapore, has partnered with Web3 venture financing firm Animoca Brands. A news release states that the NFT project intends to improve its tokenomics by utilizing Animoca’s resources and experience. According to the statement, Imaginary Ones will receive assistance from the venture capital firm with its “go-to-market strategy.” Co-founder […]
Binance to Take out Bitcoin NFT Collections From Platform
Due to deteriorating market patterns, Binance’s NFT marketplace will no longer support Bitcoin NFTs going forward. For NFT collections based on Bitcoin, Binance NFT will no longer take deposits or transactions as of April 18. The platform advises users to utilise the Bitcoin network to move their Bitcoin NFTs out of the market by May […]