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NFT News
TheNewsCrypto
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WLFI Founders and Binance’s CZ Strategize on Crypto Innovation
- WLFI founders met with Binance's co-founder to discuss crypto adoption and innovation.
- World Liberty Financial plans to enter new markets and strengthen global crypto push.
- WLFI signed a Letter of Intent with the Pakistan Crypto Council for blockchain adoption in Pakistan.
- WLFI has purchased $25 million worth of WLFI governance tokens and has over $102 million in crypto assets.
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24 Likes
Livebitcoinnews
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220
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Nike Sued for Over $5 Million After NFT Collapse
- Nike is facing a $5M+ lawsuit after shutting down its RTFKT NFT unit.
- Buyers accuse Nike of misleading NFT sales and seek damages exceeding $5 million.
- Current U.S. laws fail to clarify NFTs' status, leading to an increasing number of lawsuits.
- Nike pledges to preserve RTFKT's innovation despite legal challenges.
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13 Likes
Dev
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364
Image Credit: Dev
Blockchain's Transformative Potential Across Industries
- Blockchain technology is reshaping industries like digital media, advertising, and sustainable practices, offering decentralization, transparency, and security.
- The post covers blockchain's history, core concepts, features, applications, challenges, and future trends.
- Blockchain emerged in 2009 with Bitcoin, and its applications have expanded beyond cryptocurrencies to areas like digital rights management and secure data sharing.
- Key features of blockchain include decentralization, immutable records, and enhanced security through cryptographic algorithms.
- Core concepts like decentralization, smart contracts, NFTs, and sustainable practices are fundamental to blockchain technology.
- Blockchain has real-world applications in decentralized media platforms, advertising, smart contracts in supply chain and finance, and improving regulatory compliance.
- Challenges faced by blockchain include energy consumption, scalability issues, regulatory uncertainty, security risks, and adoption hurdles.
- Future innovations in blockchain include layer-2 scaling solutions, enhanced interoperability, sustainable practices, increased institutional adoption, and broader NFT applications.
- Blockchain's transformative potential is driven by secure, efficient, and transparent methods for transactions and digital asset management across industries.
- The collaborative ecosystem of blockchain thrives on open source community efforts, with a focus on sustainability and continuous evolution.
- By embracing change, fostering collaboration, and promoting sustainable practices, blockchain technology is poised to redefine industries and drive innovation globally.
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21 Likes
The Verge
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107
Image Credit: The Verge
Nike is facing a lawsuit from people who bought its NFTs
- Nike is facing a lawsuit over its decision to wind down its virtual shoe project, RTFKT.
- Buyers of Nike's NFTs accuse the company of selling 'unregistered securities.'
- The proposed class-action lawsuit seeks unspecified damages of over $5 million.
- Nike announced in December 2021 that it planned to wind down RTFKT operations.
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6 Likes
Dev
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252
Image Credit: Dev
Exploring the Impact of Azuki Elementals and Elon Musk on NFTs and Cryptocurrencies
- This article explores the impact of Azuki Elementals and Elon Musk on NFTs and cryptocurrencies, diving into their creative spark and influential predictions.
- It discusses the history, technical features, applications, challenges, and future innovations of NFTs and cryptocurrencies.
- Azuki Elementals combine traditional art with blockchain, capturing elemental forces in digital art with intricate designs and storytelling.
- Elon Musk's influence on crypto markets, his market sentiment impact, technological vision, and celebrity endorsements are highlighted.
- A comparison table showcases key features of Azuki Elementals and cryptocurrencies, emphasizing nature, technology, use case, market influencers, and more.
- Applications include tokenized ownership, fractional ownership, integrated ecosystems, DeFi yield farming, and celebrity-endorsed projects.
- Benefits of merging NFTs and cryptocurrencies include enhanced liquidity, community building, creative monetization, decentralization, and increased accessibility.
- Challenges such as scalability issues, security concerns, market volatility, regulatory uncertainty, and user experience barriers are addressed.
- Future outlook includes enhanced interoperability, sustainable solutions, smart contract evolution, with opportunities in open-source contributions, funding models, and community governance.
- The article concludes with insights into the dynamic evolution of digital assets and the transformative potential of blockchain technology for creators, investors, and enthusiasts.
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15 Likes
Bitcoinist
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441
Image Credit: Bitcoinist
Nike Sued After Shuttering NFT Unit—Buyers Allege Major Crypto Losses
- A group of upset NFT purchasers has filed a lawsuit against Nike following the closure of its digital collectibles division, RTFKT.
- The lawsuit alleges that Nike's sudden shutdown resulted in the loss of hundreds of thousands of dollars' worth of digital asset value for the investors.
- The plaintiffs claim that Nike breached consumer defense laws by selling unregistered NFTs and not providing notice before canceling the initiative.
- Technical issues with the NFTs arose after the shutdown, including missing images and doubts about the long-term value of digital art attached to centralized services.
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26 Likes
Livebitcoinnews
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63
Image Credit: Livebitcoinnews
Binance Stokes Pi Coin Listing Hopes Amid Price Surge
- Binance's new listing rules focus on transparency and community support.
- Pi Coin, the native token of the Pi Network, has a chance for listing on Binance.
- Pi Coin's strong community support increases its chances for listing on Binance.
- However, there are challenges such as decentralization and liquidity for Pi Coin's Binance listing.
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3 Likes
Medium
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162
Image Credit: Medium
Are NFTs Dead?
- NFTs are not dead, they have evolved into liquidity-backed, utility-driven digital assets called Liquid NFTs.
- Between 2021 and 2023, the NFT market witnessed a hype, followed by a crash due to most NFTs lacking real value.
- Liquid NFTs introduced the concept of liquidity-backed NFTs, where a portion of the mint price is locked into a stablecoin-backed liquidity vault, giving NFTs real financial value.
- Creating NFTs has become easier with tools like Easy Create, allowing users to mint NFTs in under five minutes without coding or smart contract writing.
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9 Likes
TheNewsCrypto
1M
22
Binance Sparks Pi Coin Listing Rumors as Token Hits $4.5B Market Cap
- Pi Coin's market cap exceeds $4.5 billion following its open mainnet launch.
- Despite its market cap, major exchanges like Binance and Coinbase have not listed Pi Coin.
- Bybit CEO Ben Zhou accuses Pi Coin of being a scam due to its referral-heavy model and lack of clarity.
- Binance's new listing framework leaves room for potential Pi Coin listing, but transparency and utility remain key.
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1 Like
Livebitcoinnews
1M
109
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CZ Urges Lenient Crypto Laws, Cites Dubai’s Booming Success
- Former Binance CEO Changpeng Zhao urges governments to soften cryptocurrency regulations for innovation and economic growth.
- Zhao has advised countries like Pakistan, Malaysia, and Kyrgyzstan on their crypto policies, advocating for relaxed regulations to attract investments and foster innovation.
- He praises Dubai as a crypto-friendly city with clear regulations that have attracted investments and blockchain startups.
- Zhao believes that relaxed regulations can enable youth participation and drive Web3 adoption, while emphasizing the need for responsible regulation and consumer protection.
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6 Likes
Massivelyop
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126
The Crew 2’s hybrid offline mode will begin player testing April 30 on PC
- Ubisoft has announced that player testing for an offline mode in The Crew 2 will begin on April 30th.
- The new offline mode will be a hybrid way to play the game, without multiplayer features when offline.
- Ubisoft is aiming to deploy the offline mode before the end of 2025.
- The Crew 2's offline mode will initially be available for testing on PC.
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7 Likes
Medium
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442
Image Credit: Medium
Heroes of Mavia x Nexira: Powering the Future of Web3 Gaming
- Nexira is an AI-powered digital asset exchange platform designed to transform how you interact with NFTs, in-game currencies, and tokens.
- Nexira DAEP enables cross-game utility, allowing users to trade, swap, and use assets across multiple gaming ecosystems.
- The Nexira DAEP Beta, featuring 6 flagship games including Heroes of Mavia, will be released gradually showcasing the power of cross-game trading.
- Nexira aims to redefine gaming economies and empower players in the future of Web3 gaming.
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26 Likes
Crypto-News-Flash
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174
Image Credit: Crypto-News-Flash
Crypto News: Binance’s CZ Fires Back as Bloomberg Doubles Down on Advisory Allegations
- Binance's CEO, CZ, responds to renewed scrutiny from Bloomberg regarding his advisory roles in global crypto policy.
- CZ has advised governments in Kyrgyzstan, Pakistan, and Malaysia on developing crypto-friendly frameworks.
- Binance continues to thrive as the top crypto exchange by volume despite controversies surrounding its founder.
- BNB price shows bullish technical patterns and is expected to hit $1,500 this year.
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10 Likes
Crypto-News-Flash
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64
Image Credit: Crypto-News-Flash
CloneX NFTs Hit a Wall as Images Vanish From OpenSea
- CloneX NFT images are no longer displayed on OpenSea and Blur due to Cloudflare service violations.
- RTFKT is migrating CloneX visuals to Arweave to ensure permanent decentralized access.
- The problem arose after RTFKT stopped their Web3 service and violated Cloudflare's terms of service.
- OpenSea is busy with updates, including launching OS 2.0 and requesting clarity on NFT regulations from the SEC.
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3 Likes
Coinjournal
1M
280
Image Credit: Coinjournal
SUI token jumps 26% on Pokémon-Sui blockchain buzz and rising NFT hype
- The SUI token has jumped 26% due to the buzz surrounding the Pokémon-Sui blockchain collaboration and the increasing hype around NFTs.
- A minor update to Pokémon HOME's privacy policy mentioned Parasol, owned by Mysten Labs, the company behind the Sui blockchain, leading to speculation about a potential integration of Pokémon with blockchain-based technologies.
- The Sui Foundation announced that Parasol will be launching blockchain-powered trading card games on the Sui network, suggesting a possible partnership to bring Pokémon into the world of NFTs and digital collectibles.
- The SUI token's market price rose over 26%, breaking the $3.58 resistance and reaching a trading volume of over $128 million, driven by increased investor interest and excitement surrounding the potential Pokémon integration.
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16 Likes
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