nft

Two months after shutting down its crypto wallet, GameStop says it’s killing its NFT marketplace, too. In an alert posted on the website, first spotted by , the company has notified customers that the NFT marketplace will no longer be usable as of February 2. Echoing the statement it issued with the termination of the wallet, GameStop says the decision comes in response to “the continuing regulatory uncertainty of the crypto space.”GameStop’s NFT marketplace wasn’t around very long. It launched in July 2022 in a…

When Adam Greenbaum started buying NFTs in 2021, pretty much as soon as he learned of their existence. “I always wanted to be an art collector,” he says, “and this seemed like a cool thing to get into that wasn’t as expensive as being a fine art collector.”Greenbaum, who works as the CMO of veterinarian SaaS startup Petvisor, says he’s always been an early adopter of new technologies, and with NFTs and crypto he was keen to join a craze he saw as thrilling and lucrative. He bought Alien Frens art pieces, some real estate…

Ready Player One author Ernest Cline has teamed up with AI tech company Futureverse for a new “multi-IP” experience, similar to Fortnite. Announced late last night (January 4), Readyverse Studios has been set-up by Futureverse co-founders Shara Senderoff and Aaron McDonald alongside Cline and the producer of the Ready Player One film, Dan Farah. The first release from Readyverse Studios is set to be the Readyverse, which is due for launch later this year. According to a press release, The Readyverse is a “a dynamic…

Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show, on Tuesday this week, covers the latest in tech news from the weekend and what’s making headlines early in the week. This being the first week of the year, we had to go over a thing or two that broke just as 2023 gave up the ghost. Here’s what we have on deck for you! Financial updates: Global stock market news,…

While some brands moved away from web3 in 2023 during a long crypto winter, Puma stayed the course and its head of emerging technology Ivan Dashkov told TechCrunch+ it has no intentions of leaving. After two years working with web3, Puma’s tech revenues remain modest, but the sportswear manufacturer intends to be ready for a more crypto-friendly future. “Web3 is a big shift in how people use the internet,” Dashkov said. Such changes to how the internet is used can lead to landscape-shifts for brands, something that Puma…

NFTs have suffered everything from ridicule and scams to a broad dip in demand due to the crypto winter. Sometimes it almost feels like some of the projects in the space are kept going simply on hopes and dreams. Still, the sector has persisted through the downturn, and recent momentum in crypto has investors, community members and spectators alike becoming interested in NFTs again. Sure, NFTs get a lot of heat for all the silly apes, rocks and JPEGs that people spend millions on, but there’s a widespread belief in…

Too Long; Didn't ReadAs we step into 2024, the Non-Fungible Token (NFT) industry, renowned for its roller-coaster trends and eyebrow-raising developments, is ripe for a 2024 satirical forecast. Here are ten humorous and exaggerated predictions for the NFT market in 2024, where reality often seems stranger than fiction. Too Long; Didn't ReadAs we step into 2024, the Non-Fungible Token (NFT) industry, renowned for its roller-coaster trends and eyebrow-raising developments, is ripe for a 2024 satirical forecast. Here are…

Rario, a cricket-focused non-fungible tokens (NFTs) platform, reported an over ten-fold increase in losses to Rs 560 crore in the fiscal year ending March 2023, partly due to a write-off of intangible assets amounting to Rs 458 crore related to its NFTs. In FY22, the firm had incurred a loss of Rs 47 crore.Backed by real money gaming firm Dream Sports, Rario’s operating revenue grew to Rs 39 crore in FY23, compared to Rs 1 crore a year earlier, according to filings made by the firm’s holding entity Digital Collectibles…

Epic Games Store has changed its own rules to allow blockchain games to be sold on the platform. Epic Games Store had a blanket ban on all Adults Only titles, but it has recently adjusted its own rules to allow blockchain games. As it stands, all games based on blockchain technology or utilising NFTs are rated Adults Only by the Entertainment Software Ratings Board (ESRB) because of how they offer rewards that can be converted into real-world currency. “Products with Adults Only ratings cannot be distributed on Epic…

For the low low price of $4,653 (plus taxes and fees), you can own 47 digital Trump NFTs and exactly one physical Trump trading card. It’s the deal of the century, folks.  On Tuesday, former President Donald Trump announced the third installment of his “Trump Digital Trading Cards” series. The cards depict the collective Republican fantasy of Buff Trump decked in various costumes and scenery. They’re cringy, they’re bizarre, they’re a total scam.  In a video announcing the series of cards, Trump took on the…