Blockchain Expo: Maturing blockchain industry paves the way for enterprise adoption

A session at this year’s Blockchain Expo Europe highlighted that blockchain is reaching a stage of maturity that paves the way for enterprise adoption.

The session was presented by Pedro Lopez-Belmonte, Senior Manager of Web3 and Technology Innovation at Richemont, on day one of Europe’s leading blockchain conference.

One of the first charts presented during the session was Gartner’s hype cycle, which shows blockchain platforms now leaving the trough of...

OpenSea will not support forked NFTs after ETH Merge

Sailing

With the Ethereum Merge scheduled for 15 September, NFT marketplace OpenSea has said it plans to focus its support on NFTs that are on the upgraded proof-of-stake (PoS) blockchain.

The company took to Twitter to confirm that whilst the OpenSea team is not speculating on potential forks, they will not be reflected on the OpenSea marketplace as the platform will only be supporting the upgraded Ethereum chain.

The NFT marketplace also highlighted that its team is preparing...

Meta expands its Instagram NFT features to 100 countries

Instagram

After launching a non-fungible token (NFT) pilot on Instagram for American users earlier this year, Meta has announced plans to expand its NFT features to as many as 100 other countries.

The test launch for the NFTs on Instagram went live in May to select creators in the United States.

The planned expansion will let users from the Americas, Africa, the Middle East, and the Asia-Pacific to get in on the action.

With the enhanced allowance, users will now be able...

Nansen begins tracking Solana’s NFT ecosystem

Blockchain analytics firm Nansen now supports tracking Solana’s large NFT ecosystem.

Nansen says Solana has been one of its most requested chains and has a “thriving” NFT ecosystem.

The real-time, on-chain data provided by Nansen certainly shows the demand for Solana-based NFT projects. Nansen claims it’s tracking over 53,000 NFT collections.

As of writing, a couple of relatively new NFT collections (<48 hours) are vying for the top two most...

Massive data breach leaves OpenSea users’ email addresses vulnerable

OpenSea, the leading non-fungible token (NFT) marketplace, has warned its users after discovering an employee of email management platform Customer.io has leaked OpenSea customer’s emails to a third party.

Any user who has their email address registered with OpenSea, whether it’s for the platform or its newsletter, has been affected by the breach.

OpenSea has since warned all of its users to watch out for potential phishing attempts and has reported the incident to...

OpenSea adds new security features amidst NFT market downturn

OpenSea, the most popular NFT marketplace, has announced a new security feature to protect its users from the growing number of scams in the NFT space.

It comes at a time when the company is under increasing fire for the proliferation of stolen and plagiarised NFTs passing through its site.

The feature will automatically hide suspicious NFT transfers from being viewed on the OpenSea marketplace. The company hopes this will help to protect users from falling for scam...

Instagram to add NFT support in upcoming pilot

Instagram

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...

Coinbase launches NFT marketplace with a focus on community

Coinbase NFT

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,"...

Solana NFTs launch in beta on leading marketplace OpenSea

Sun Rising

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...

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

$30 million Ether theft

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...