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Binance and Ferencváros unite for innovative blockchain-driven fan engagement. The club’s Groupama Arena stadium will feature Binance branding. Binance, a leading cryptocurrency exchange, has announced a partnership with Hungary’s premier football club, Ferencváros, a club with an illustrious history in Hungarian football. This collaboration is aimed at enhancing fan engagement through the utilization of non-fungible tokens (NFTs) and blockchain technology. And seeks to educate sports enthusiasts about the potential of Web3. According to their announcement, Ferencváros supporters will receive limited-edition NFTs during home league games. It is accessible to existing users and newcomers signing up on Binance.com. These exclusive digital…

Key highlights: Chiliz just announced their “historic first NFTs” that use athletes’ one-of-a-kind memorabilia to help rake in donations for great causes. Chiliz and partners like Common Goal aim to harness the transparency of distributed ledgers to really track where the dough goes and give bidders a direct line-of-sight to the difference their bids make. Sports and technology have long gone hand in hand. But now, one blockchain startup is taking that relationship to the next level- leveraging the power of crypto and NFTs to make a real difference in the world. Chiliz, the sports-focused blockchain behind some of the…

Fine arts auction firm Sotheby’s has recently been named in the class-action lawsuit filed by Bored Ape Yacht Club (BAYC) investors against BAYC creators Yuga Labs. The investors allege that the auction house helped Yuga Labs “deceptively promote” the nonfungible token (NFT) collection. On Dec. 10, BAYC investors filed a class-action lawsuit against over 40 defendants including Yuga Labs and celebrities like Post Malone, Justin Beiber and Paris Hilton. The lawsuit alleged that Yuga Labs and the celebrities were able to “artificially increase” the prices of the NFTs through celebrity promotions. In a new development, Sotheby’s has been named in…

Blockchain company Polygon Labs and leading Korean mobile carrier SK Telecom have partnered to develop a web3 ecosystem while also seeking to identify “promising” startups worthy of incubation, the companies said in a statement. “We see this collaboration with SK telecom as an important step in providing Web3 experiences to more consumers,” Polygon Labs CEO Marc Boiron said in a statement. The companies signed the agreement at SK Telecom’s Seoul headquarters. Polygon blockchain SK Telecom’s NFT marketplace TopPort will also begin supporting the Polygon blockchain, while the two companies seek “to discover promising Web3 startups and support incubation.” Polygon operates…

It’s time to get your social groove on as Axie Infinity gives us the first release of Project T, a virtual, social world in the Axie universe! Though just an early prototype version of the game, Project T has already caught the attention of the Axie community. Outside of real life gatherings, game players love to have a chance to meetup with fellow gamers in virtual worlds. Soon, Axie players will have a chance to interact with the virtual avatars of other players, perhaps some they have known for a long time through chat messages. That’s because Axie Infinity has…

Generative Dungeon begins taking their player made dungeon experience to a new dimension with the introduction of Generative Quests, a way to experience the Dungeons in 3D! Generative Dungeon already featured an interesting integration where owners can edit the layout of their dungeon NFT, and anyone can play through the dungeon, within the NFT image! But now Generative Dungeon kicks things up another level (or another dimension actually), by automatically converting dungeons into 3D! That’s right, Dungeon owners don’t have to do anything besides build out the 2D version of their dungeon. The map will have a 3d version created,…

EX SPORTS, a web3 sports engagement platform, is thrilled to announce its strategic partnership with IQ Protocol, a pioneer in decentralized lending solutions. This collaboration aims to revolutionize the NFT space by introducing a groundbreaking lending mechanism that will empower users to borrow NFTs for a specified period of time. The primary focus of this partnership is to implement IQ Protocol’s lending technology into various games offered by EX SPORTS. This groundbreaking feature will enable users who may not have the means to afford NFTs to experience the thrill of owning and utilizing these unique digital assets. Investors and enthusiasts…

A decade ago, the creator of Art Blocks, Erick ‘Snowfro’ Calderon, began crafting 3D-printed cubes, painting them before assembling them into heart shapes to spotlight in public areas. These first-generation block creations spark a new generative art series, empowering creative minds to create Heart + Craft NFTs and sculptures through the Prohibition platform on August 24.The ‘Heart + Craft’ NFT series feature blocky heart designs with vivid shapes and contrasting patterns in real-time through a state-of-the-art blockchain algorithm by Calderon and Prohibition’s founder, Jordan Lyall, using Art Blocks Engine technology. On offer for $18 (0.01 ETH), these non-fungible collectibles will be mintable…

McDonald’s Singapore has announced the release of 2000 NFTs in the upcoming week. The digital collectibles are a collaboration between McDonald’s with the metaverse service provider Bandwagon Labs and the NFT artist The Hidden Walls. The Grimace Digital Collectibles enables users to hold a virtual representation of Grimace, a friend of Ronald McDonald first introduced more than 50 years ago. As per the statement, the collection is to be made available for free, with ownership of a Digital Collectibles wallet being the only requirement. The wallet is available through the MetaMask app and Web3Auth. Each wallet can mint one NFT,…

1 Hedera is the best network for NFT applications and projects because it offers fixed low fees, royalties, scalability, and fast transactions. 2 Hedera technology is carbon negative and offers 10,000 transactions per second. Usually, blockchain takes expensive gas fees and offers poor business due to slow speed. But Hedera’s distributed ledger technology provides low fees and fast transactions. It is the most sustainable public distributed ledger based on the average consumed per transaction. It has an immutable royalty configuration. Many NFT projects can be explored in the fast-growing Hedera NFT ecosystem. Some of the top NFTs on Hedera Blockchain…