Facebook and Instagram Roll Out Polygon NFT Creation and Solana Support

Meta has now confirmed support for Solana and Polygon NFTs, including the ability to make and sell digital collectibles. Their support spans both Facebook and Instagram, where users can showcase their NFTs across both platforms.  Meta confirmed the news in a tweet on Wednesday, followed by similar announcements from Solana and Polygon.  “Soon you’ll be able to make and sell NFTs on Instagram, starting with Polygon,” said Meta.  According to Polygon, the ability to mint and sell NFTs on the…

Stepn Founders Unveil New Creator-Friendly NFT Marketplace

Web3 gaming and development studio, Find Satoshi Lab, the creator of move-to-earn mobile game Stepn has just unveiled its new platform MOOAR. The new platform is a multichain, membership-based marketplace for non-fungible tokens and is the development company’s 3rd rollout since its 2021 launch.  Empowering Web3 Creators Find Satoshi Lab announced the launch in a tweet earlier today. The team stated that the project was one of many one-stop platforms the company has planned for the Web3 space. MOOAR is…

Meta Unveils NFT Cross-Posting on Facebook and Instagram

In an update earlier today, global tech conglomerate Meta shared news of its latest moves surrounding digital collectibles. From September 29th, subsidiaries Facebook and Instagram will now allow users to link their virtual wallets with their accounts and also share non-fungible tokens. Users Across 100 Countries Can Access New Meta Feature Everyone on @instagram and @facebook can now share their digital collectibles in the US, and on Instagram in the previously announced 100+ countries,” Meta announced in a tweet .…

OpenSea Former Manager Calls for Dismissal of Insider Trading Charges

Lawyers serving Nate Chastain – a former Product Manager at OpenSea – are defending the ex-employee against charges of insider trading. They claim that no insider trading could have been possible in Chastain’s case because NFTs are neither securities nor commodities. Chastain Stands His Ground In a recent filing, the lawyers called for the dismissal of government charges against Chastain.   “The government’s arguments are contrary to years of settled precedent and are a transparent effort to plant a flag in…

Existing Loans may Trigger Liquidity Crisis across BAYC and NFT Market: Report

Several BAYC and CryptoPunks collectors who put up their tokens as collateral backing for Ethereum loans have been unable to settle their dues. Crypto analysts believe this could mark the onset of the first major liquidation crisis in the NFT industry.  BendDAO Loans and Possible Risks Rumors of a liquidation spiral began earlier this week following a post about NFT lending platform BendDAO. BendDAO is a web3 protocol that allows users to take out loans in Ethereum using their non-fungible…

Dapper Labs Officially Launches First NFL-Focused Video Collectible Platform 

After months of private beta testing, football-focused NFT marketplace NFL All Day has finally opened its doors. NFL All Day is the first of its kind for football fans, and is similar to the marketplace NBA Top Shot which is targeted at a basketball audience. The new NFT platform emerged via a collaboration between the National Football League (NFL), the NFL Players Association (NFLPA), and blockchain company Dapper Labs. NFL All Day Now Open to Traders Dapper first shared plans…

BAYC Sales Spike 100% in 24 Hours Following $1.5 Million Purchase 

Over the past day, the leading NFT collection, Bored Ape Yacht Club has seen its gross sales volume rise considerably. The project has also experienced a corresponding increase in the number of traders despite the ongoing crypto/NFT winter.  Bored Ape #5383 Sells for $1.45 Million According to reports from data analysis platform DappRadar, BAYC sales have jumped 100% since yesterday. The NFT project witnessed 16 transactions as the overall number of traders grew by 125%, making for a total of…

NFT Domains Platform Unstoppable Raises $65M Series A at $1B Valuation

Unstoppable Domains, the leading non-fungible token (NFT) domains platform, announced the closing of a $65 million Series A funding round at a valuation of $1 billion. The company said it will use the capital for developing new products and collaborations within the Web3.0 industry. It’s a big step for the platform, which saw prestigious investors joining this funding round. Among them were Pantera Capital, Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, and CoinGecko. Other big…

Binance Jumps into NFT Ticketing After UEFA Champions League Fiasco

Binance is looking into solutions to the escalating fraud in the traditional ticketing system for sports events. To this end, it launched a series of NFT tickets in collaboration with the Italian football club S.S. Lazio. This partnership will allow fans to buy season tickets for the team’s home games in the form of non-fungible tokens (NFTs). Why the Traditional Ticketing System is Failing In May, the UEFA Champions League Final in Paris was marred by chaos when multiple fake…

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