As MetaMask and OpenSea abide by US sanctions, the Russian ban is in target
Due to restrictions imposed by its host Infura, OpenSea, the world’s largest NFT marketplace, reportedly began restricting Iranian customers, citing US sanctions against the country. Meanwhile, the popular Ethereum wallet MetaMask was unavailable in certain banned countries. The acts spurred extensive debate over crypto’s ostensibly decentralized character, as well as whether other major corporations would […]
As a result of US sanctions, the NFT marketplace OpenSea removed users.
Due to the ongoing US sanctions, the Ethereum-based NFT marketplace OpenSea has begun to remove users from its platform. Following the recent harsh financial sanctions imposed on Russia, exchanges have been asked to impose a ban on Russian users. However, some exchanges, such as Binance and Kraken, have refused to impose a blanket ban, instead […]
UkraineDAO raises over $6M via NFT sale to aid Ukrainian citizens
UkraineDAO, a decentralized autonomous has raised 2188 ETH ($6.1 million) to support a 1/1 Ukrainian flag NFT. The money raised will go to charitable organizations in Ukraine that are assisting those who have been impacted by Russia’s invasion. The NFT auction was held as a PartyBid auction, allowing users to pool their resources and bid […]
NFT Infrastructure Startup Rarify raises $10M in a Series A funding round
Rarify has raised $10 million in a Series A fundraising round led by Pantera Capital. The fund will be utilized to speed up the hiring process and product launches with business partners. Rarify, which provides an infrastructure to assist firms to add non-fungible tokens (NFT) to their platforms, has raised $10 million in a Series […]
Animoca Brands leads a $3.6M funding for BitsCrunch
Animoca Brands, Coinbase Ventures, Crypto.com Capital, and a host of other venture firms have raised $3.6 million in a funding round for crypto and nonfungible token (NFT) analytics firm BitsCrunch. To estimate the fair pricing of NFTs, discover wash trading warnings, and establish whether an NFT is a copy or forgery of the actual asset, […]