Latest NFT News | Non-Fungible Token News

Medha Parlikar & Niamh O’Connell, CasperLabs: Enterprise adoption in blockchain

CasperLabs is the overseer of the Casper blockchain, a proof-of-stake network optimised for enterprise and developer adoption that launched in early 2021.

The Zug-based company provides engineering and professional services to enterprise clients looking to migrate key business processes to a secure and scalable blockchain.

Following a recent partnership with Amazon Web Services and expansion into the Chinese market, The Block caught up with CasperLabs’ CTO and...

17 May 2022 | Development

Instagram to add NFT support in upcoming pilot

Meta-owned Instagram is adding support for users to show off their non-fungible tokens (NFTs) from a number of the most popular blockchain networks.

In much the same vein as Twitter’s NFT integration late last year, users will be able to select their NFTs as display pictures, post their NFTs, and share them with their followers.

However, CoinDesk has confirmed that Instagram users will not be charged a fee for this service as Twitter originally did following its...

9 May 2022 | Ethereum

Standard Chartered buys into metaverse with The Sandbox partnership

Global banking giant Standard Chartered is following other major competitors journeying into the metaverse by partnering with decentralised gaming platform The Sandbox.

The company’s Hong Kong subsidiary (SCBHK) bought space in The Sandbox’s Mega City district, an area announced in January alongside a number of Hong Kong partners from various sectors.

Led by SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, the partnership will seek...

27 April 2022 | Enterprise

Coinbase launches NFT marketplace with a focus on community

Coinbase, the largest US crypto exchange, has finally launched the beta version of its NFT marketplace six months after announcing its impending arrival.

The creatively named ‘Coinbase NFT’ will have to compete with more established marketplaces, most notably OpenSea and LooksRare, and thus the company has sought out ways to differentiate its offering.

"We're building a marketplace where you can buy and sell NFTs, of course, but more importantly, you can engage,"...

22 April 2022 | NFT

Solana NFTs launch in beta on leading marketplace OpenSea

Solana NFTs (non-fungible tokens) have finally gone live on Opensea, the leading NFT marketplace.

Despite being the home ground of Ethereum-based NFTs, OpenSea’s users have long requested integration of the Solana network.

Launching in beta with 165 NFT collections and partners, OpenSea plans to “improve the Solana experience” over time and add more collections every day.

OpenSea said: “Solana has emerged as one of the fastest growing NFT ecosystems in...

12 April 2022 | Altcoins

Axie Infinity network loses £468m in largest ever DeFi hack

Axie Infinity, one of the biggest success stories in the world of blockchain-based gaming, has become the victim of the largest decentralised finance (DeFi) hack in history.

The Pokémon-style NFT battler saw $615 million (£468m) stolen from its Ronin Network – the Ethereum sidechain created to run the game’s transactions – on March 23.

It took a user being unable to withdraw 5,000 ether (£12m) on March 29 for Ronin to realise that 173,600 ether (£448m) and 25.5...

30 March 2022 | Cyber Security

LG Electronics expanding into blockchain and crypto opportunities

LG Electronics, South Korea’s fourth largest company, has added blockchain and crypto as new business areas to its corporate charter as part of its plan to expand beyond home appliances.

According to local news source JoongAng Daily, the two crypto-focused objectives were approved by shareholders during the company’s annual general meeting on March 24.

The objectives were detailed as “the development and selling of blockchain-based software” and “the sale and...

25 March 2022 | Blockchain Applications

PwC report calls NFTs key future revenue stream for sports industry

A new report from PwC, one of the Big Four accounting firms, has called non-fungible tokens (NFTs) “the future of digital assets in sports”.

According to the report, titled Sports Industry Outlook 2022, NFTs and digital assets will be one of the ten major trends across the industry in 2022.

PwC sees three key use cases surrounding NFTs’ “potential to shape fan experiences and boost bottom lines”.

The first and most obvious use case is collectible...

14 March 2022 | Digital Assets

Slope Finance rakes in £6m Series A for cross-chain Solana wallet

Slope Finance, a decentralised exchange and wallet based on the Solana network, has raised $8 million (£6m) in Series A funding.

The round was led by Solana Ventures and Jump Crypto, with further support from Circle, Huobi, Sequoia China, Genesis Trading, CMS Holdings, Spark Digital, and more.

Following on from a successful seed round in August last year, the start-up has raised $10.3 million (£7.8m) overall.

With cross-platform functionality, the wallet...

24 February 2022 | Cryptocurrency

Alfa Romeo launches SUV with NFT linked to blockchain

Italian auto brand Alfa Romeo has unveiled the world’s first car to be equipped with an NFT (non-fungible token) digital certificate.

The Tonale, Alfa Romeo’s compact SUV, boasts “state-of-the-art technology, software and electrification systems created to serve the brand's DNA aimed at enhancing the driving experience, the customer experience and at protecting residual value,” the company said in a statement.

Alfa Romeo, owned by Stellantis (formerly Fiat...