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NFT collector Brandon Riley recently experienced a devastating loss when he accidentally burned a CryptoPunk NFT worth $135,372.16 (77 ETH). Riley burned the valuable NFT during an attempt to borrow money against it. The incident underscores the challenges faced by the NFT market and CryptoPunk collectors alike.Riley added CryptoPunk #685 to his collection on March 13, intending to hold the highly coveted NFT for the long term. Aware of the potential benefits of acquiring new NFTs ahead of a crypto bull market, the seasoned investor opted to borrow money against his CryptoPunk. To do this, Riley employed the popular wrapping…

NFT Govern With NFTs Aries Network announced the launch of OrderDAO, the first Non-Fungible Token (NFT)-focused governance platform on Aptos Network. “This marks OrderDAO’s official launch on Aptos, we aim to support all DAOs on Aptos, empowering community with seamless decision-making, fostering stronger innovation and collaboration,” stated Aries Markets. We’re excited to announce that OrderDAO, the first NFT-focused governance platform on @Aptos_Network is now live! ????Access it here: https://t.co/MMd7KcceXDDetails in the ???????? pic.twitter.com/nOanFNucuv — Aries Markets (@AriesMarkets) March 23, 2023 OrderDAO is an open-sourced Decentralized Autonomous Organization (DAO) management platform built by members from Aries Markets, which allows DAOs and…

Blockchain In a groundbreaking move, California’s Department of Motor Vehicles (DMV) is set to transform vehicle title management using blockchain technology. California’s Department of Motor Vehicles (DMV) is looking to revolutionize its vehicle title and transfer management system by tokenizing more than 14 million automobiles registered in the state, according to a research report by Bank of America, cited by a CoinDesk report published on March 24. The DMV intends to issue vehicle titles as non-fungible tokens (NFTs) with ownership recorded on a private version of the Tezos blockchain. Bank of America analysts Alkesh Shah and Andrew Moss believe that…

NFT A boutique hotel themed after a beloved Crypto Twitter character opened doors in Singapore today, sending floor prices of the By Wassies non-fungible token (NFT) collection up by over 20% compared to the weekend. Hotel by Wassies, themed after the popular ‘Wassie by Wassies’ NFT collection, is located at 5 Hongkong Street in Singapore – with rooms, accessories, a cafe and amenities themed after frog-like creatures. It’s not an early April Fools’ joke. Hotel by Wassies is a pop-up hotel that runs from March 2023 till September 2023 and is listed on various hotel booking sites. The 6-floor hotel…

NFT Brandon Riley — aka @vitalitygrowth — accidentally burnt Crypto Punk 685 while trying to wrap it to get an NFT loan. That NFT has now been resurrected as a Bitcoin Ordinal. “I was so focused on following the instructions exactly, that I slipped up, destroying a third of my net worth in a single transaction,” Riley tweeted on March 25. The slippage occurred during a simple wrap in trying to get a proxy wallet. “This is truly a devastating mistake for me. But I did this myself, and it is no one’s fault but my own. Both the beauty…

NFT The serial entrepreneur, tech bigwig, and singer Jeffrey Huang, better known in the crypto world as Machi Big Brother, has suffered realized losses of up to 2,400 ETH ($4.2 million) thanks to his attempts to farm tokens from the Blur NFT exchange. Traders on Blur have been involved in so-called ‘farming wars,’ buying up and selling large amounts of NFTs to collect Blur tokens awarded against the user’s activity on the exchange. But some traders like Huang have taken this farming to a very serious level, buying and selling mainly blue-chip NFTs such as Bored Ape Yacht Club and…

Luxury fashion house Balmain joins forces with Space Runners to introduce a futuristic and avant-garde footwear collection featuring the Unicorn sneaker model. This new sneaker line comes complete with phygiyal NFT collectibles attached to the sneakers. This groundbreaking collaboration results in the development of several NFT versions of Balmain’s signature sneaker, each with a redeemable code that unlocks a physical pair for the consumer. Balmain Unicorn Phygital NFTs: How To Buy? The Unicorn Phygital Wearable Collection, launched on March 21st, is a limited edition collection featuring 130 Unicorn sneaker NFTs, each bundled with a matching real-life counterpart. The collection boasts…

In partnership with Tokyu Land Corporation, this lab will be opened with Skeleton Crew Studio, a VR content and game development company that organizes BitSummit, which hosts an exclusive game event, Japan’s largest establishment in Kyoto, every year. As an incubator to stay competitive for the times, Alibaba hopes to provide a place for game designers to gather and improve their skills in the latest blockchain technology. For now, it will be for some customers working on collaborative projects with Alibaba Cloud and hackathon participants. At the same time, engineers from partner companies specializing in Alibaba Cloud and blockchain will…

NFT y00ts, which happens to be a most sought-after non-fungible token (NFT), has made the declaration that it has formed a link from Solana to Polygon. This will help in providing much more enhanced liquidity, as well as interoperability, in terms of all of those who happen to be seeking avenues for the purchasing as well as the selling of NFTs. Also, with the linking to Polygon, there will be far greater connectivity with the y00ts NFTs, along with making adequate improvements to the overall user experience. Incidentally, Polygon happens to be a Layer 2 upgrading solution that functions on…

NFT Nonfungible tokens (NFTs) have become a popular way for creators to sell digital art and other unique items. Yet because they do not own cryptocurrencies, many people are afraid to invest in NFTs. So, can you buy NFTs without owning crypto? The good news is that one can purchase NFTs without owning any cryptocurrency. For instance, users can buy NFTs with dollars, credit cards or through a friend. This article will look at a number of ways to buy NFTs with fiat money and other methods. Buying NFTs with a credit card on NFT marketplaces One of the simplest…