NFT
A Non-Fungible Token (NFT) is a specific kind of digital asset that serves as a representation of ownership or certification of uniqueness for a particular object or piece of content. It utilizes blockchain technology, predominantly on the Ethereum network. Unlike other tokens, an NFT possesses distinct characteristics that allow it to stand out, making each one unique and non-substitutable with another. This differs significantly from fungible cryptocurrencies like Bitcoin or Ethereum, where individual units are interchangeable with each other.
OpenSea Seeks to Introduce New Security Provision
OpenSea is stepping up its game to protect its users as hundreds of non-fungible token (NFT) owners are constantly targeted by scammers.
French Fashion Brand Lacoste Enters Web3 With NFT Collection
French fashion brand, Lacoste has made a dive into the Non-Fungible Token (NFT) ecosystem as it has launched its own collection dubbed Underwater (UNDW3).
PANGU Announces 'PANGU ECOLAND' NFT drop from June 14
Hong Kong-based and the Metaverse-driven startup agency PANGU by Kenal (PANGU) announced that it will be launching the 'PANGU ECOLAND' NFT drop from June 14 at 11pm local time.
Mastercard to Enable Payments for NFTs, Web3
Mastercard has announced that the payment firm is working to enable NFT commerce with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay.
Hong Kong-based Grand Cru Cellar to Offer First Redeemable Wine NFT in Asia
Hong Kong-based wine importer and distributor Grand Cru Cellar (GCC) has announced plans to enter the NFT industry.
Kazakhstan Is Not Late to Embrace Crypto: National Bank Chairman
The National Bank of Kazakhstan is warming up to cryptocurrencies, but not at the same pace as some governments that have legalized the trading of cryptocurrencies on their lands.
Solana Launches $100m Web3.0 Fund for South Korean Startups
Layer-1 blockchain protocol Solana has launched a $100 million fund to back startups in the South Korea Web3.0 ecosystem through its subsidiaries Solana Ventures and Solana Foundation.
24% American Households Purchased NFTs or Crypto, Study Shows
Crypto and NFTs are emerging as some of the sought-after assets by households and sports fans on American soil. 24 % of households in the U.S. have owned crypto, according to a poll by Seton Hall University.
Proposal for ApeCoin to Move Away from Ethereum Favoured by APE Whales
A campaign of "ETHxit" is ongoing. ApeCoin DAO holders are voting to decide if they should move ApeCoin away from Ethereum to its blockchain or remain on the ETH chain. Currently, the majority goes to "leave".
Animoca Brands Releases Key Unaudited Financial Report, Portfolio investments Worth Over $1.5Bn
Hong Kong-based Animoca Brands has released an unaudited financial report. $573 million was recorded for its bookings and other income for the first four months of 2022.
Regulator in Hong Kong Warns Users Against NFT Trading Risks
The Securities and Futures Commission of Hong Kong has stepped up its awareness campaign in relation to the risks inherent in the trading of NFTs.
Hong Kong Startup BEAM+ LAB's Exhibition to Celebrate Launch of CRYPTYQUES NFT
Hong Kong startup BEAM+ LAB is hosting an interactive exhibition at the Haus of Contemporary from 8 to 26 June to celebrate the launch of CRYPTYQUES; NFT collectables based on classic Hong Kong movies.
Bored Ape Yacht Club NFT Discord Compromised Again with 200 ETH Carted Away
The Discord server of the iconic Non-Fungible Token (NFT) project, Bored Ape Yacht Club (BAYC) has been exploited again as criminals gain access to the manager’s profile to post fake mint links
Local Hong Kong Firms Raise Funds for NGOs Through NFTs
Three local Hong Kong companies are raising funds for NGOs through NFTs to support green initiatives and sustainability.
Zetrix Announces Launch of NFT-based Insurance Product Covinsure
Public blockchain network Zetrix announced the launch of Covinsure, an NFT-based insurance product.