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Mobile NFT platform Floor will let users to buy NFTs in-app, but to do so, it intends to absorb the 30% fees charged by Apple and Google. Floor, like other NFT marketplace apps, wants to provide a single venue in which to view, trade and collect NFTs. Apple updated its policy last September to allow NFTs to be bought and sold through apps listed on its Store, though it came with a significant catch. As is the case with non-crypto apps, the tech giant demands a 30% cut on in-app purchases from developers who make more than $1 million annually…

John Reed Stark, former Chief of the US Securities and Exchange Commission Enforcement Office, on Wednesday said the NFT of Jack Dorsey’s first Tweet now has no value or is essentially worthless. He argues that the NFT marketplace is totally manipulated or controlled by deceptive ways and the smart contracts are incapable of total security and ownership. John Reed Stark Criticizes NFT Marketplace John Reed Stark has been vocal against crypto exchanges, executives, and the NFT space. In a new tweet on July 20, he urged people to stay away from non-fungible tokens as they are an investment scam. He…

Mirela Spasova, a Reddit senior engineer on the Collectible Avatars project, took to the master stage at the Ethereum Community Conference (EthCC) event in Paris to shed light on Reddit’s strategy for onboarding millions of users to its blockchain-backed digital collectibles. In her presentation, Spasova said that the primary motivation behind running Collectible Avatars on-chain is to empower users with freedom of use. By adopting an on-chain approach, users gain the ability to make their own choices, including the option to resell the avatars on popular non-fungible token (NFT) marketplaces like OpenSea. This means that after purchasing avatars from creators…

Rei Network has announced its significant partnership with a pioneer in the NFT world named NFTFeed. This partnership was announced via a tweet by REI Network officials. This partnership expects an opening of a new world of possibilities and opportunities for NFT enthusiasts. NFTFeed has been expanding and collaborating to entertain its users through dynamic networks. Now NFTFeed has joined forces with REI Network to pave paths for seamless and reliable cross-chain integration. NFTFeed, commonly known as the pioneer for providing NFT liquidity solutions has decided to integrate with the well-known blockchain network which is known for its evolution in…

A Pepe meme-influenced Ethereum NFT collection, ‘Opepen Edition‘, initially curated by graphic artist Jack Butcher, experienced a notable rise in worth and acclaim spurred by social media hype this week. Raising from around $894.39 (0.47 ETH) to approximately $1712 (0.90 ETH) in just five days (despite initially being distributed for free), the floor price of the Opepen collectibles now stands at $1541.39 (0.81 ETH), according to CoinGecko — and its all thanks to an act of kindness. Beauty of the Crypto Twitter CommunityInterestingly, the initial buzz surrounding these Opepen Edition NFTs boiled down to a playful rivalry between two Web3 influences, ‘Bored…

Renowned video game giant Ubisoft, the creator behind legendary franchises like Assassin’s Creed has recently expanded its involvement in the blossoming NFT gaming sector. This is apparent through their latest move of adding the Cronos network to its portfolio as a validator. They have joined this open-source blockchain network, known for its interoperability with Ethereum and Cosmos. They will operate a node there.Ubisoft’s role in the Cronos network is crucial as it will actively produce and confirm new blocks on this blockchain. This initiative is a collective effort that brings Ubisoft alongside 27 other esteemed validators, which includes well-known industry…

While the NFT sales volume shows a downtrend, a hacker called “Fake_Phishing182232” stole four Mutant Ape Yacht Club (MAYC). According to a tweet by the blockchain security and intelligence firm PeckShield, the hacker pocketed the collectibles — MAYC #8265, #6840, #7840 and #4843 — from MAYC’s platform. #PeckShieldAlert #Phishing #NFT 4 #MutantApeYachtClub are stolen by #Fake_Phishing182232https://t.co/EMT83FwEmPhttps://t.co/StYhSHIMOQhttps://t.co/Qzje6bRX1thttps://t.co/gHRtShBkU0 pic.twitter.com/X8ADnjeUgT — PeckShieldAlert (@PeckShieldAlert) July 20, 2023 Per the on-chain data, the exploiter paid only $14.94 to transact the collectibles to his wallet, while all four transactions were completed within five seconds. While the hacker didn’t pay anything for the NFTs, data provided by…

Polygon 2.0 seeks to revolutionize the network, bringing Ethereum to Internet scale and opening up new possibilities for the world of decentralized finance and blockchain applications. The commemorative NFT, available in an open edition, is a token of appreciation to the community, recognizing their support and contribution to the platform’s growth and success. The NFT embodies the spirit of innovation and progress that defines the journey and reflects the exciting future that lies ahead with the implementation of Polygon 2.0. To access this exclusive NFT, users need to download the Suku Wallet and log in using their Twitter account. Once…

“Web3 is expanding art institutions’ reach into audiences it didn’t have access to before,” said Madeleine Pierpont, Web3 Associate for the Museum of Modern Art (MoMA). “Digital art is one of the most accessible art forms of any art form that exists because it can live in so many places in our lives.” The insight was one of many that emerged from a panel discussion at the world’s largest art auction house, Christie’s, in New York. This year’s Art+Tech Summit program included a session titled “AI, Digital Assets and the Future of Museums and Galleries.” The conversation largely revolved around…

Now here’s an NFT art premise that’s sure to turn some heads: Makeup brand NARS is set to release another NFT collection inspired by the colors and textures of a shade the company calls “Orgasm,” tied to the upcoming celebration of National Orgasm Day on July 31. Five female-identifying artists were commissioned to make bespoke digital pieces, which will be available for auction as single-edition Ethereum NFT artworks via the SuperRare platform. SuperRare will begin taking bids on the “Orgasm, Activated” pieces starting July 25. All auction proceeds and royalties will go to the creators. Artists Dr. Alex Box, Serwah…