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In a big moment for the digital collectibles market, a unique Victor Wembanyama Sorare card has been sold for a staggering $110,199.79 in an auction on the Sorare marketplace, shattering the previous record of $67.3k paid for a signed physical Wembanyama rookie card in August.—This remarkable achievement highlights both Victor Wembanyama’s burgeoning talent and popularity as an emerging star of the league and the inherent advantages of owning a digital Sorare card, which offers proven ownership and real utility. This sale marks the first-ever Unique card sold for Victor Wembanyama, a player who has already captured the attention of basketball…

October proved to be a beneficial period for the broader crypto asset landscape; however, it cast a shadow on the non-fungible token (NFT) sector, witnessing a 21.64% dip in sales. Ethereum’s NFTs took the lion’s share, amassing $171 million out of the $313 million total, despite experiencing a 17.26% decrease in sales volume over the course of the month. NFT Market Contracts in October The non-fungible token (NFT) market has experienced a substantial decrease in value from its peak, paralleled by a considerable slump in sales. Data gathered by cryptoslam.io highlights a pronounced downward trend in sales starting from February…

A professor from the Texas A&M University School of Law recently published research exploring blockchain technology use cases in the world of copyright administration. According to their findings, blockchain has the potential to radically alter the way intellectual property is handled both “domestically and internationally.” Dr. Peter Yu, the Regents Professor of Law and Communication and Director of the Texas A&M University School of Law’s Center for Law and Intellectual Property, and the paper’s sole author, asserts that blockchain’s immutability makes it a prime candidate for integration with the intellectual property system. Per the paper: “On a blockchain, once a…

The makers of the privacy-focused internet browser Brave are joining a litany of crypto-friendly companies jumping aboard the AI movement with the launch of Leo, a generative AI tool utilizing Anthropic’s AI model. Leo is available in the Brave Browser for desktop today, with a mobile version coming soon. According to Brave, Leo can translate, analyze, and rewrite pages, bringing more AI functionality to the popular browser. Brave already included an AI feature called the Summarizer, which ran within Brave Search to provide relevant and concise answers. “We tested several systems, and Anthropic was the best fit for this initial…

According to an announcement released by Adidas, the sportswear brand and Bugatti have collaborated on a limited edition football boot designed for ultimate speed and style. Available in just 99 pairs worldwide, the X Crazyfast Bugatti Boots are exclusively available through a cryptocurrency auction. The auction will take place on the Adidas Collect Web3 platform from November 8 to 11. However, users can easily participate in traditional currency through the MoonPay service. Additionally, only 99 pairs will be released worldwide. At the end of the auction, all winners will receive an exclusive digital shoe box. Starting November 13th, they’ll be…

The blockchain community has advanced as 1RPC began operations on the Gnosis Chain. This innovation improves user, developer, and community functionality and security. The community-owned network stresses credible neutrality and robustness and is fully compatible with the Ethereum Virtual Machine (EVM). The deployment of over 165 thousand validators worldwide gives this network its remarkable security. Gnosis Mainnet Achieves One-Click Connectivity Milestone for Users and Developers This feature allows users and developers to connect to the Gnosis Mainnet with a single click, a major milestone. The Gnosis community has a public 1RPC endpoint at official website. Users can make use of…

Web3 infrastructure platform Validation Cloud has launched a staking-as-a-service platform for institutions. The platform enables institutions to deploy validators in bulk and earn rewards through smart contract automation. Institutions can stake on-demand and the platform is non-custodial. Validation Cloud has designed its platform to ensure that it is SOC2 compliant. SOC2, which stands for Systems and Organization Controls 2, is a voluntary compliance standard defined by the American Institute of Certified Public Accountants. The framework is designed to uphold high data security standards for companies, ensuring that customer information adheres to five principles: security, privacy, confidentiality, processing integrity and availability.…

Coin98, a prominent multichain wallet and DeFi platform boasting over 7 million users across 170 countries, has unveiled a groundbreaking decentralized DApp store powered by the NEAR Blockchain Operating System (BOS). This innovation aims to streamline user access to Layer-2 (L2) ecosystems, offering a seamless experience for DeFi enthusiasts and Web3 users. One-stop shop for Ethereum Layer-2 ecosystems Coin98’s new decentralized DApp store acts as a one-stop shop for users, providing an intuitive interface for accessing top bridging and DeFi protocols across Ethereum Layer-2 ecosystems. This development significantly improves the accessibility and discoverability of L2 solutions, making it easier for…

In a groundbreaking move that promises to revolutionize the way data is processed and verified in the cloud, Space and Time, a leading name in data warehousing, has unveiled that its innovative zero-knowledge (ZK) proof technology, dubbed ‘Proof of SQL,’ is now integrated with Google Cloud’s BigQuery. This integration opens up new possibilities for data verification in the digital realm and particularly within the blockchain sector. James Tromans, Head of Web3 at Google Cloud, expressed the significance of this integration, stating, “Our goal is to help Web3 developers build applications at scale by providing them access to a range of…

The Abu Dhabi Global Market (ADGM) Registration Authority has introduced comprehensive regulations governing Web3 organizations. The international financial free zone’s regulatory framework is “purpose-built” and the first of its kind, the agency claimed. The Distributed Ledger Technology (DLT) Foundations Regulations will provide for the operation of blockchain foundations, Web3 entities, decentralized autonomous organizations (DAOs) and traditional foundations expanding into DLT. Blockchain foundations provide financial and other forms of support for a blockchain without direct involvement in it. The regulations enable the creation of a “DLT Foundation” by submitting a signed charter that includes a description of the foundation’s initial assets…