NFTs Cause Carnage in the Latest South Park Special

Source: video screenshot, Eric Cartman / YouTube Non-fungible tokens (NFTs) have proven to be a destructive force in the art world, but in the latest special episode of the American animated series South Park, investing in such assets leads…

Bitwise, Nexo Add to Financial Products for Rich NFT Investors

Source: Adobe / Ascannio Last day, two new financial products related to non-fungible tokens (NFT) were announced: Asset manager Bitwise launched the first ever index fund to track NFTs, and crypto lender Nexo (NEXO) launched an exclusive…

Here’s the ‘Metaverse-Ready Sneakers and Collectibles’ Creator Nike Acquired

Source: rtfktstudios / Instagram The creator of virtual sneakers and collectibles RTFKT is the latest organization to be acquired by a large company on its way into the metaverse. Sportswear giant Nike announced on Monday that it has acquired…

Pak’s NFT Collection Breaks an Art Auction Price Record

Source: Pak, Nifty Gateway Popular digital artist Park has sold nearly 250,000 non-fungible tokens (NFTs) totaling $ 91.8M on the Nifty Gateway marketplace - now deliberate be the highest initial price paid in an auction for a living artist's…

Busy Day For Ledger as It Announces Crypto Debit Card, NFT, Coinbase, and FTX News

Major hardware maker Ledger has said it intends to launch a crypto debit card, start supporting non-fungible tokens (NFT), and announced a partnership with two major exchanges, Coinbase and FTX. The company made several announcements today…

Only 1 in 4 NFTs Bought During Minting Result in Profit – Chainalysis

Data from the largest indispensable token (NFT) market, OpenSea, shows that only 28.5% of NFTs purchased during mining are profitable. On the other hand, over 65% of NFTs purchased from other users on secondary markets are profitable. According…

Saxo Bank’s ‘Outrageous Prediction’ on NFT-Based Platforms Disrupting Spotify

Danish Saxo Bank has released a set of 10 “outrageous predictions” for next year, among other things, which say digital rights platforms based on non-fungible tokens (NFTs) could undermine Spotify's strong position in the global music distribution…

USD 1.2M Bid Placed on NFT Piece by Silk Road Founder Ross Ulbricht

"Perspective" Ross Ulbricht. Source: SuperRare.com A snippet from the collection of non-fungible tokens (NFT), created by the founder of the Silk Road darknet market, Ross Ulbricht, has already received an offer for almost $ 1.2 million,…