Category: NFTs

Blockchain Game Developer Animoca Brands Raises $65 Million – Ubisoft, Sequoia China Participate in Funding

Blockchain Game Developer Animoca Brands Raises $65 Million – Ubisoft, Sequoia China Participate in Funding

On Wednesday, the global developer utilizing popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile technology, Animoca Brands announced the company has closed a capital raise for $65 million. Animoca Brands now has an overall valuation of $2.2 billion after raising funds from firms like Liberty City Ventures, Ubisoft Entertainment, Sequoia China, and Dragonfly Capital.
Animoca Brands Raises $65 Million
In July, Animoca Brands announced the company raised $138.88 million in order to deliver digital property rights via non-fungible token (NFT) technology. The company Animoca Brands was co-founded by Yat Siu in January 2014 and in recent times the company has been focused on blockchain gaming and NFTs. Animoca Brands has backed Sky Mavis the creators of Axie Infinity and the leading NFT marketplace in terms of trade volume Opensea.
Animoca Brands game The Sandbox.
“Animoca Brands is bringing digital property rights to online users, primarily for consumer video game players and the metaverse, through the use of blockchain and non-fungible tokens (NFTs); these technologies enable the true digital ownership of users’ virtual assets and data, and offer various play-to-earn capabilities, asset interoperability, and defi/gamefi opportunities,” the Animoca capital raise announcement details on Wednesday.

Animoca Brands Co-Founder: ‘The Future Digital Property Rights Would Revolutionize Industries by Expanding Financial Inclusion’
Investors in the latest funding round include Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, Token Bay Capital, Smile Group, and Tess Ventures. The firm further conducted a pre-money valuation with an estimate of $2.2 billion.
Animoca Brands game REVV Racing.
Alongside the aforementioned Animoca Brands investors, MSA Capital, Octava Fund, Adit Ventures, Summer Capital, Sigitech Holdings, Black Anthem Ltd, Mirana Corp, and Tron’s Justin Sun joined in on the latest $65 million financing round. Animoca Brands boasts blockchain game projects like The Sandbox, Formula E: High Voltage, F1 Delta Time, and REVV Racing.
“I believe that the gaming, art, and music industries are entering a digital renaissance period uniquely enabled by blockchain,” Mia Deng, partner at Dragonfly Capital, said in a statement sent to Bitcoin.com News. “Yat and his team have demonstrated vision and foresight from the beginning and we are therefore excited to partner with Animoca Brands to build some of the largest on-ramps of the virtual world.”
The co-founder and executive chairman of Animoca Brands, Yat Siu, detailed that the company believes in the “future digital property rights” and this innovative trend would “revolutionize industries by expanding financial inclusion.” NFT adoption in games, Yat Siu said has proven that the “future is already here.”
What do you think about Animoca Brands raising $65 million to bolster digital property rights, blockchain games, and NFTs? Lets us know what you think about this subject in the comments section below.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, REVV Racing, The Sandbox, Formula E: High Voltage, Animoca Brands,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Nifty News: Playboy unveils 11,953 bunny avatars, Martha Stewart cooks up NFTs…

Nifty News: Playboy unveils 11,953 bunny avatars, Martha Stewart cooks up NFTs…

Playboy to release tokenized bunnies into the wildPLBY Group, Inc, the owners of the raunchy lifestyle magazine Playboy unveiled a new NFT project consisting of 11,953 unique 3D animated bunny avatars.According to an Oct. 20 announcement, the number of NFTs pays homage to Playboy’s founding year of 1953 and the tokens will serve as “keys to a reimagined Playboy Club,” which gives the owners access to exclusive events, content and merchandise. Playboy Rabbitar NFT: PLBY Group, Inc,The launch of the Ethereum-based NFTs begins on Oct. 24, with a pre-sale for whitelisted investors until Oct. 26. Two public sales launch the following day, one for USD customers, and the other for those paying with ETH. The sales are being hosted on an official “Playboy Rabbitar” website, and the NFTs will be priced at 0.1953 ETH each or the fiat equivalent (currently $814). Jamal Dauda the Vice-president of Blockchain Innovation at PLBY Group said:“The Rabbitars mark the beginning of true blockchain-based membership for Playboy. Just as Playboy Club keys gave millions of members a chance to step into the sophisticated lifestyle that the Playboy brand represents, NFTs today can do the same and so much more.”One CryptoPunk is not for saleThe owner of CryptoPunk #6046 recently turned down a bid of 2500 Ether (ETH) for their tokenized punk avatar. That’s about $10.5 million which would have represented the largest CryptoPunk sale to date if accepted. According to Larva Labs, CryptoPunk 3100 holds the record, after it sold for $7.58 million in March. The CryptoPunk #6046 NFT depicts a person wearing 3D shades and smoking a cigarette and was initially purchased for $83,209 by current owner, Twitter user “Richerd.”Richerd recounted the bid came about after they’d publicly claimed that they would not sell their CryptoPunk, no matter what anyone offered. A startup dubbed “Poap” decided to test that theory, with Etherscan showing a bid of 2500 ETH. “Come on Richerd. Don’t you want to go down in history as the top CryptoPunk sale to date?” Poap teased. While admitting that their “mid-tier punk” is most likely not worth 2500 ETH, Richerd promptly declined the bid and went on to claim that they wouldn’t even accept a bid of $1 billion as the NFT holds sentimental value. “My identity along with the identity of other iconic Punks and apes have value beyond the NFT itself. We have our own brands similar to any other brand and that has value. Because I value my personal brand and identity, this was an easy rejection for me.”Over past 6 months I have used 6046 as my identity and have built up a significant brand around it.Most of you know, for:- co-founder of @manifoldxyz- smART contract artist- Crypto security- NFT insights – 3D glasses connoisseur – Namesake of @richerd3DAO- NFT Degen— richerd (@richerd) October 16, 2021If Martha Stewart launched NFTs and no one bid …Martha Stewart, the famous TV personality and lifestyle entrepreneur, has taken the plunge into NFTs by launching her own platform/collection dubbed “Fresh Mint.”While Fresh Mint hosts a collection of NFTs that were minted on Ethereum, it appears the platform is essentially a gallery, as the auctions and sales are hosted on the OpenSea marketplace. Stewart’s first NFT drop consists of two Halloween-themed collections depicting “high resolution” JPEG files such as a set of pre-carved and custom carved pumpkins, and Stewart wearing a bunch of spooky Halloween costumes.Martha Stewart NFTs: Fresh MintThe starting price for the tokenized pumpkins is a hefty 2 ETH ($8400) for the pre-carved ones, and 3 ETH ($12,600) for custom carved pumpkins. The highest bidder of the custom pumpkin NFTs can send in a photo and have it carved into a pumpkin and then tokenized into an additional NFT, along with having the physical pumpkin shipped to their door. At the time of writing, not a single NFT has had a bid placed on them. Coinbase’s first NFT collectionsCoinbase has announced the first round of NFT creators it’s partnered with ahead of the launch of its upcoming NFT marketplace later this year. BIG NEWSStarting today, we’ll begin introducing NFT creators we’ve teamed up with for drops on @Coinbase_NFT. We’re excited to highlight the first four creators below. And stay tuned. We’re just getting started!An appreciation thread … — Coinbase NFT (@Coinbase_NFT) October 19, 2021

The first four are Ponderware, creators of the popular MoonCats NFT project, Forgotten Runes Wizard’s Cult, the developers of Forgotten Runes, popular crypto-friendly DJ 3Lau and digital artist “GxngYxng.” Coinbase also posted an update on Oct. 21 to address rumors of other partnered creators that are “floating around,” noting that if you don’t hear it directly from them, it’s “probably not true.”Yesterday we announced our first creator partners for Coinbase NFT. We’ll be announcing many more soon, but we want to flag that we’re already seeing some rumors floating around. This is just a quick note to let you know that if you don’t read it here, it’s probably not true.— Coinbase NFT (@Coinbase_NFT) October 21, 2021

The launch of Coinbase’s NFT marketplace appears to be a highly anticipated one, with Cointelegraph reporting on Oct. 14 nearly 1.1 million people signed up for the waitlist within 48 hours of it going live. It’s difficult to determine what the waitlist is now up to, as Coinbase no longer shows the number to new sign ups. RoundupOn Oct. 20 NFT-game and virtual property developer Animoca Brands announced that it had doubled its valuation to $2.2 billion, after closing a new $65 million funding round that included participation from Ubisoft Entertainment. Cointelegraph also reported on Oct. 21 that Chinese online retail giant JD.com is diving into the NFT sector by introducing a special NFT series for its annual JD Discovery conference. Using its proprietary blockchain platform, JD.com will be distributing commemorative NFT certificates to attendees of the JDD 2021 event in Beijing.

Animoca Brands doubles valuation to $2.2B with new $65M funding round

Animoca Brands doubles valuation to $2.2B with new $65M funding round

NFT-game and virtual property developer Animoca Brands has doubled its valuation to $2.2 billion after closing a new funding round that fetched $65 million. The latest funding round was conducted at a pre-money valuation of $2.2 billion, and included backing from gaming giants Ubisoft Entertainment along with Liberty City Ventures, Sequoia China, Dragonfly Capital to name a few.It’s more vindication for a company that was kicked off the Australian Securities Exchange (ASX) in March 2020, in part for its involvement in cryptocurrencies. According to the Oct. 20 announcement from the firm, more than 43.8 million newly issued shares will be distributed to investors at a price of AUD $2 per share, or USD $1.51. We have closed a capital raise for US$65 million conducted at a pre-money valuation of US$2.2 billion! Investors in the round included Ubisoft, Sequoia China, Dragonfly Capital, and more.https://t.co/Au7ioVycGy#fundraising #unicorn #OpenMetaverse #DigitalPropertyRights— Animoca Brands (@animocabrands) October 20, 2021Animoca has now raised a total of $203.88 million in 2021, with the firm becoming a crypto unicorn in June when it raised $138.88 million as part of two tranches of a capital raise at a valuation of $1 billion. The brand-focused metaverse and interactive content company said the latest funding will go towards funding “strategic investments and acquisitions, product development, and licenses for popular intellectual properties.” Animoca co-founder Yat Siu outlined the company’s vision around digital ownership and NFTs moving forward:“In 2018 we laid out a strategy based on our assessment that in the future digital property rights would revolutionize industries by expanding financial inclusion, and that this significant change would start with NFT adoption in games. That future is already here.”“With the backing of our new strategic investors, Animoca Brands will continue to advance blockchain in gaming — and beyond — to introduce billions of gamers and Internet users to true digital ownership,” he added. Related: NFT gaming proposition in question as regulators and traditional gaming pullbackThis is another sign of big money pouring into NFT gaming and virtual property-focused firms.Oct. 19, Galaxy Interactive, a venture capital firm focused on next-generation interactive technology, announced that it had raised $325 million from 70 different investors for its second fund focused on virtual and augmented reality, artificial intelligence and NFT gaming.

Charity and Community Focused Project ‘TheFloorNFT’ Announces New Artistic Collectibles on Ethereum

Charity and Community Focused Project ‘TheFloorNFT’ Announces New Artistic Collectibles on Ethereum

press release

PRESS RELEASE. The Floor NFT’s are fresh, hand-drawn, non-PFP (Profile Picture), artistic collectibles on the Ethereum Blockchain, crafted with love by DAHR in his pleasing cartoonish art style. Only 7777 provably rare artworks were generated from 150 traits/attributes in order to gather together a first-ever NFT condominium community.
The Floor NFT spawned from the idea of wanting to give back to the world, what the NFT community has given to the founders of the project in the form of a charity based project. The Floor NFT tries to capture the rift between different classes and environments in society. In some images you have the toxic smoggy background with dilapidated buildings which vary from slums to wrecks. On the flip side, some of the Floor NFTs will feature perfect sunny backgrounds with luxurious penthouses in the foreground with diamonds and gold plated walls.
With the roots of the project being focused on charity, The Floor NFT has set aside $77,777 to go to a community voted charity that combats poverty within society upon successful sellout of the project.
The Floor NFT journey doesn’t end with a successful sell out at mint, the focus is to continue to build the community. The community will be involved in every element of the project. Future plans include jumping ahead into the next exciting chapter of NFTs, THE METAVERSE! The Floor NFT is in discussions with the Sandbox to develop THE FLOOR TOWER. The Floor Tower will be a place for the community to gather and for the team to host events. More details about The Floor tower will be announced in roadmap 2.0 shortly after the mint.
The Floor NFT Mint starts with a Presale on Wednesday, October 20th open to collaborator projects, as well as whitelist members. A special presale will be held on Thursday, October 21st for Early Adopters. The price of both presales will be .07 ETH. Details are available on The Floor NFT Discord server (https://discord.gg/thefloornft )
The public mint (open to all) is set for Friday, October 22nd with at least 3500 NFTs up for grabs at the price of .0777 ETH.Meet The Floor NFT Team:
Roman “Laffpro” (https://twitter.com/Laffpro_art)Domantas (https://www.linkedin.com/in/domantas-raulusevicius-98a70012a)DAHR (https://vk.com/public190589568)Philipp “PhSh” (https://www.linkedin.com/in/philippsh/)Ethan “Envey” (https://twitter.com/EnviousNFTs/)Xert (https://www.discord.com/users/809410126851080202/)
Media Contact:Name: The Floor NFTWebsite: www.thefloornft.comEmail: [email protected] & Country: Palanga, LithuaniaTwitter: https://twitter.com/Floor_NFTDiscord: https://discord.gg/thefloornftMedium: https://medium.com/@thefloornft

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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A Slew of Defi Tokens Outperform Bitcoin’s Weekly Gains, Defi TVL and NFT Sales Spike

A Slew of Defi Tokens Outperform Bitcoin’s Weekly Gains, Defi TVL and NFT Sales Spike

October has been a strong month for cryptocurrencies like bitcoin but a number of decentralized finance (defi) tokens have seen higher double-digit gains this past week. Moreover, non-fungible token (NFT) sales have picked up and after the total-value locked (TVL) in defi crossed $200 billion on October 5, two weeks later another $22 billion has been added to the TVL.
Defi Network Tokens Polkadot, Polygon, Binance Coin, Stacks Outperform Bitcoin’s Weekly Gains
Bitcoin (BTC) has been doing extremely well and BTC dominance has increased to 45.3% during the last week. However, a decent quantity of defi tokens from specific blockchain networks have outperformed BTC during the last week.
In fact, out of all the crypto assets in existence today, nine different digital assets saw better gains than bitcoin and a great deal of them are focused on defi. Polkadot (DOT) was this week’s leader with an increase of 19.6% and those gains were followed by polygon’s (MATIC) 19.4% percentage gains. Other strong gainers that outperformed bitcoin included binance coin (BNB), stacks (STX), and stellar (XLM).
Total-Value Locked in Defi Sees $22 Billion Added in 2 Weeks
Two weeks ago, on October 5, the total-value locked (TVL) in defi surpassed $200 billion and today defillama.com stats indicate the TVL is $222 billion. The decentralized exchange (dex) platform Curve holds the largest dominance with 7.72% of the TVL in defi. Curve is followed by Aave, Makerdao, and Wrapped Bitcoin in terms of defi dominance on October 18.
$22.42 billion has been added to the total-value locked in defi since October 5, 2021.
Ethereum captures $152.27 billion of the total TVL in defi and the Binance Smart Chain (BSC) commands $19.22 billion. Blockchains that have seen significant increases in TVL in defi include networks like Solana, Terra, and Avalanche. While Avalanche saw a 31.24% TVL gain, Harmony’s TVL increased by 24% during the last week.
Monthly Non-Fungible Token Sales Increase, Opensea Nears $10 Billion in All-Time NFT Sales
Metrics from nonfungible.com’s 30-day market history indicates that NFT sales jumped a great deal on October 5, and have continued to rise. NFT sales recorded during the last month were around $1.836 billion across 174,529 active market wallets.
30-day NFT sales according to nonfungible.com’s 30-day market history since October 5, 2021.
Statistics from Dune Analytics show that the total transaction volume for NFTs measured in ETH, across 5.9 million transactions, is around 3,886,298 ether or $11.1 billion using today’s exchange rates.
Monthly sale data for the trailing 30 days according to nonfungible.com statistics.
Moreover, dappradar.com data shows that the NFT marketplace Opensea is nearing $10 billion in all-time sales and currently has $9.19 billion recorded so far. Axie Infinity has $2.61 billion and the NFT marketplace Rarible has recorded $230.76 million in all-time sales.

Polygon, Binance Smart Chain Addresses Tap All-Time Highs, Dex Trade Volume Remains Flat While Sushiswap Volume ‘Increased Sharply’
Additionally, statistics recorded by Coin98 Analytics weekly defi report indicates that the number of BSC active addresses reached an all-time high. However, the Polygon (MATIC) network surpassed BSC as far as the quantity of wallets created onchain.
“It also reached the ATH of 100 million wallets,” Coin98 Analytics said in its report. “The number of Ethereum wallets has remained unchanged from last week.”
“Total Addresses by Chain” chart via Coin98 Analytics weekly report published on October 16, 2021, features Ethereum, Binance Smart Chain, and Polygon addresses.
The weekly report also discusses defi’s liquidity by protocol, dex platform weekly trading volume, and the daily active dex users as well. The report highlights that while dex trade volume has not grown much, it maintained $20 to $22 billion each month. Coin98 Analytics detailed, however, that Sushiswap volume “increased sharply, reaching $2.7 billion.”
What do you think about the defi tokens outperforming bitcoin and the TVL increase during the last two weeks? What do you think about the NFT sales volumes increasing and the address increase on Polygon and Binance Smart Chain? Let us know what you think about these subjects in the comments section below.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, Coin98 Analytics, Nonfungible.com, Defillama.com,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Coinbase Adds Support for Two Ethereum-Based Altcoins Across All of Its Platforms

Coinbase Adds Support for Two Ethereum-Based Altcoins Across All of Its Platforms

Top US crypto exchange Coinbase is adding two Ethereum (ETH) powered altcoins to its arsenal of tokens.
According to a tweet by the company, BadgerDAO (BADGER) and Rarible (RARI) are now available to buy, sell, convert, store, send and receive on Coinbase.com and its iOS and Android applications.
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Valve Bans Games Built on Blockchain, NFTs, and Cryptocurrencies From Steam Gaming Platform

Valve Bans Games Built on Blockchain, NFTs, and Cryptocurrencies From Steam Gaming Platform

This past week, Valve, the parent company of the video game digital distribution service Steam updated its distribution onboarding guidelines. According to the newly updated rules, the company is banning any “applications built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTs.”
Newly Updated Onboarding Guidelines for Steam Says ‘You Shouldn’t Publish’ Applications ‘Built on Blockchain,’ or ‘Allow the Exchange of NFTs, Cryptocurrencies’
Valve seems to have an issue with games that involve blockchain technology, crypto assets, or non-fungible token (NFT) collectibles. The company quietly updated the firm’s onboarding page and the new rule was added to the list of games “you shouldn’t publish on Steam” Interestingly, Steam once supported bitcoin (BTC) for payments at the storefront but stopped supporting BTC in December 2017. The decision in 2017 was made 18 months after Valve allowed the storefront to accept the leading crypto asset for payments.
Valve’s newly updated onboarding page for Steam applications.
The updated guidelines show that Valve is now reluctant to allow blockchain games, NFT collectibles, and crypto assets on the platform. The decision to ban these concepts comes at a time when blockchain gaming and the NFT industry have exploded in value and popularity. For instance, the blockchain game Axie Infinity has been very popular and has captured $2.59 billion in all-time NFT sales, according to dappradar.com metrics.

Age of Rust Developer: ‘This Is a Setback for All’
On October 14, 2021, the developer of the blockchain game called Age of Rust detailed that the game would no longer be available on Steam. Community: A few minutes ago, we were notified that Steam will be kicking *all blockchain games* off the platform, including Age of Rust, because NFTs have value. Behind the scenes, we’ve had good communication and have been upfront with Steam,” the Age of Rust dev said. The blockchain game operator added:
We chose to be upfront about blockchain gaming & NFTs. As a result, we finally lost the battle with Steam. While I’m disappointed [about] Age of Rust being removed, the point is more to the fact that blockchain games as [a] whole are going to be removed. This is [a] setback for all.
A number of other video game fans and blockchain game developers were disappointed with Valve’s decision to ban these blockchain ideas. The editor at Kotaku AU, Alex Walker, opined that he was not surprised by Valve’s decision. “Not hugely surprised Valve has banned NFTs and crypto games. I doubt it’s because of the ecological concerns, but more they already have a secondary market and don’t want games to circumvent that,” Walker said. The Age of Rust developer said that it respects Valve’s choice.
“Steam’s point of view is that items have value and they don’t allow items that can have real-world value on their platform,” the official Age of Rust account emphasized. “While I respect their choice, I fundamentally believe that NFTs and blockchain games are the future. It’s why I started this journey with all of you.”
What do you think about Valve banning blockchain games, NFTs, and crypto assets from the Steam platform? Let us know what you think about this subject in the comments section below.

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Age of Rust, Age of Rust dev, Alex Walker, axie infinity, ban, blockchain game, blockchain gaming, Blockchain NFTs, crypto assets, Cryptocurrencies, Gaming community, Kotaku AU, NFT industry, NFTs, Non-fungible Token, Onboarding Rules, Steam, valve

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Flow integrates Filecoin storage services to make NFTs more decentralized

Flow integrates Filecoin storage services to make NFTs more decentralized

Filecoin has officially become the storage collaborator for the Flow Blockchain. Filecoin said in an Oct. 13 announcement that the move was a part of a push to ensure holders’ and issuers’ NFTs are “securely available everywhere.” The announcement follows from a previous move in August in Which Dapper Labs was working to integrate Filecoin’s storage services with the Flow Blockchain. The collaboration enables Flow users to mint NFTs, leverage InterPlanetary File System (IPFS) content addressing, and store the tokens in decentralized storage hosted by Filecoin. According to Filecoin, IPFS content addressing is a solution to location addressing which retrieves online information from specific locations on the web, such as from behind URLs. Filecoin asserts that this method has “obvious downsides” as the data relies on centralized entities who own the locations, and therefore can “control the content.” “In content-based addressing, content is no longer retrieved from single locations on the web. Rather, content is retrieved from any participating nodes on the IPFS network that have the content you’re requesting,” Filecoin outlined. As part of the collaboration, Filecoin has also opened “Next Step Grants” worth $5,000 for each eligible NFT project on Flow that integrates with IPFS or Filecoin’s network. “As the Flow ecosystem grows, Filecoin’s decentralized storage solution will allow future applications that are built on Flow to have an easy way to protect NFT media assets and metadata,” the announcement read. It’s happening! @Filecoin is the official storage collaborator #onFlow ⛓️ Immutable NFT metadata, including media assets, via @IPFS content addressing Filecoin’s provable and decentralized storage Full announcement https://t.co/iwEd1JpEVk— Flow Blockchain (@flow_blockchain) October 14, 2021Dapper launched the Flow Blockchain in late 2020, and the network is home to top NFT projects, including NBA Top Shot and CryptoKitties. September was a big month for Dapper, with the firm signing multiple partnerships with top firms, along with raising $250 million in funding. Cointelegraph reported on Sept. 14 that Google had partnered with Dapper to serve as a network operator for Flow. Google signed on to support the development of Web 3.0 products and services such as NFT projects with “scalable” and “secure infrastructure.”Related: Blockchains vie for NFT market, but Ethereum still dominates — ReportOn Sept. 30, the NFL partnered with Dapper to launch an American football equivalent of NBA Top Shot on Flow, which is slated to drop later this year. During the announcement of the $250 million funding round, Dapper outlined that the fresh capital will be used to fund further licensed NFT projects across sports, music and entertainment, along with scaling up its NBA Top Shot platform.

Paris Hilton and Pranksy collections featured by Sotheby's new NFT platform

Paris Hilton and Pranksy collections featured by Sotheby's new NFT platform

Prestigious auction house Sotheby’s has launched a new Metaverse themed NFT platform. The platform is dubbed “Sotheby’s Metaverse” and was announced alongside the “Natively Digital 1.2: The Collectors” (ND1.2) auction that will run between Oct. 18 and Oct. 26. The auction consists of 53 lots of tokenized art from the vaults of 19 curators. Welcome to Sotheby’s Metaverse. https://t.co/hZvYIkO3xx pic.twitter.com/9Wl9fUwibe— Sotheby’s Metaverse (@Sothebysverse) October 14, 2021The list of curators includes some top collectors in the NFT space such as PleasrDAO, Pranksy and 888 along with crypto-friendly stars such as DJ Steve Aoki and self-described “Boss-Babe” Paris Hilton. “These collectors are people with deep histories and relationships in the digital art and media space, many of whom have been collecting long before NFTs became a common term and have helped build the ecosystem from the ground up,” the exhibition notes state. Paris Hilton’s curation: Sotheby’s MetaverseThe platform is accepting payments in Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC), along with credit card payments and wire transfers. Sotheby’s Metaverse is powered by Mojito, an NFT studio and blockchain tech platform that develops and operates NFT marketplaces for brands and IP holders. The ND1.2 collection features NFTs prominent projects such as Yuga Labs (Bored Ape Yacht Club), Dapper Labs (CryptoKitties), Art Blocks (Chromie Squiggle) and Ponderware (MoonCats). NFT lots: Sotheby’s MetaverseSotheby’s was founded in London during the mid-1700s, and has since grown into a multinational giant that has expanded into 80 locations across 40 countries. The firm hosted its first NFT auction in April, partnering with the digital artist known as “Pak” to sell $16.8 million worth of tokenized art. In June the auction house sold CryptoPunk #7523 —also known as “COVID Alien” — for a record $11.8 million, and last month it hosted an auction with Yuga Labs for a collection of 101 Bored Ape Yacht Club NFTs that generated $24 million. Sotheby’s is no stranger to the early iterat metaverse either. In June the firm opened a virtual gallery in Decentraland which depicted the auction house’s New Bond Street Gallery in London. Related: The Metaverse, play-to-earn and the new economic model of gamingThe structure was built in Decentraland’s Voltaire Art District, and featured Sotheby’s London Commissionaire, Hans Lomulder who greeted guests at the door, with the gallery displaying the COVID Alien CryptoPunk and Robert Alice’s intelligent NFT (iNFT). The virtual metaverse has been grabbing the headlines of late, due in part to Facebook’s recent push to establish itself in the sector. Cointelegraph reported on Sept. 28 that Facebook is allocating $50 million to a two-year fund to back the firm’s target of building its own metaverse. “The metaverse won’t be built overnight by a single company. We’ll collaborate with policymakers, experts and industry partners to bring this to life,” Facebook said as part of its funding announcement.

Waitlist For Coinbase NFT Marketplace Climbs Above 1.1 Million On Launch Day

Waitlist For Coinbase NFT Marketplace Climbs Above 1.1 Million On Launch Day

Coinbase recently announced the launch of its NFT marketplace, much to the delight of crypto investors. Its aim is to make the minting, selling, buying, and storing of non-fungible tokens easier for investors who want to get into the market. It brings this service to its 68 million-strong user base in its mission to make crypto more accessible to investors.
The NFT marketplace, which is yet to be opened for trading, will provide competition to the leading non-fungible token marketplace OpenSea. With its large user base, Coinbase may be set to be the largest NFT marketplace. Alongside the announcement of the marketplace was a waitlist sign-up for interested parties. On the first day following the launch, Coinbase has already broken the 1 million mark for users who had signed up.
Over 1.1 Million Sign Up For Coinbase Waitlist
The waitlist which is open to everybody has seen a tremendous amount of support. On its first day, Brian Armstrong, Co-Founder and CEO of Coinbase, announced that the waitlist had gotten over 1.1 million sign-ups. Interest in the non-fungible token marketplace has been high and users have poured out support for Coinbase following the announcement.

Over 1M people have signed up for Coinbase NFT since we launched yesterday 🤯https://t.co/pNE3nfFmyW
— Brian Armstrong (@brian_armstrong) October 14, 2021

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Traffic to the waitlist had been so high that it had to be scaled up to accommodate everyone. Coinbase’s Vice President of Product, Sanchan Saxena, gave the update a few hours after the announcement went live and assured users that they could keep signing up for the marketplace.

Thanks for your patience everybody – for the last few hours, we have ramped up and scaled things for you to be able to sign up for the NFT marketplace.
See you there https://t.co/ysu6Eku84b! https://t.co/kOHbZaPr8P
— Sanchan S Saxena (@sanchans) October 13, 2021

Exchanges Taking The Plunge Into NFTs
The success of non-fungible token platforms like OpenSea has driven the need for more NFT platforms in the space. OpenSea currently averages about 260,000 daily users and has seen significant NFT sales on its platform. This has prompted cryptocurrency exchanges to begin offering non-fungible token capabilities on their own platforms.
Binance, the largest crypto exchange in the world, had launched its own NFT marketplace. Its offers users a place to mint, buy and sell non-fungible tokens without having to go through the rigorous process of minting the non-fungible tokens directly on the blockchains.
FTX exchange also recently announced the launch of its very own NFT marketplace. FTX is one of the fastest-growing cryptocurrency exchanges and has recorded a 397% increase since January.
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As more exchanges launch their own NFT marketplaces, speculations are they will become the go-to platforms for the minting and trading of non-fungible tokens.
Coinbase will launch the marketplace to its U.S. users first and will roll out the feature to its other customers over time. “Just as Coinbase helped millions of people access Bitcoin for the first time in an easy and trusted way – we want to do the same for the NFTs,” the announcement read.
Featured image from Ledger Insights, chart from TradingView.com

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