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Despite a broader downturn in related markets, multinational corporations don’t appear to have slowed down on their trademark applications covering Web3, crypto, nonfungible tokens (NFTs), and the metaverse.The month of February — now drawing to a close — saw the likes of General Motors, Lacoste and Walmart making their territory with Web3-related trademark applications. January was an even busier month. One of the latest NFT-related filings involved automotive giant General Motors, which filed for two new trademark applications on Feb. 16 covering its Chevrolet and Cadillac brands.According to the filing, the firm is interested in downloadable digital media files containing collectible artwork, text, audio…

The first elements of crafting come to the award winning ev.io as they introduce item burning. Item burning allows players to burn certain game NFTs, to improve other game NFTs. And though it may not seem that exciting in of itself, the potential for crafting and item customization should spark some interest in players! This new feature in the FPS ev.io revolves around the idea of “earning NFTs”, and “non-earning NFTs”. Most NFTs in ev.io have an earn value of 1, allowing players to receive bonuses to their token earnings when playing with those items equipped. But, a few, special…

The International Monetary Fund would prefer to differentiate and regulate crypto assets rather than enforce an outright ban, though the nuclear option will remain on the table for now.Speaking on the sidelines of the G20 finance ministers meetings in Bengaluru, India, IMF Managing Director Kristalina Georgieva explained how the United Nations financial agency views digital assets and what it would like to see in terms of regulation.“We are very much in favor of regulating the world of digital money,” and this is a top priority, she stated.During an interview with Bloomberg published on Feb. 27, she responded to a question on her recent…

NFT At the Blockchain Economy London Summit, Cryptonews had the opportunity to sit down with Daniel Tenner, the founder of Pledg3r and GrantTree, to discuss the game-changing potential of non-fungible tokens (NFTs) in the world of startup funding. During the interview, Tenner shared his expert insights on how NFTs can offer a unique fundraising model for businesses, and how this innovative technology can benefit both startups and investors. NFTs as a Startup Fundraising Tool Tenner’s experience in the startup world led him to explore NFTs as a fundraising tool for businesses. As the founder of GrantTree, a company that helps…

Fresh off of their Mojo Bowl Invitational Tournament, Mojo Melee prepares for their first Champion NFT drop. Opening on March 3rd, the mint for these Champion NFTs is completely free, but you have to be on the list to get one! The mint may be free, but alas, no everyone can get one of these Champions. To acquire a Mojo Melee Champion NFT during this mint, you must either be on the whitelist, or be flagged as a Mojo Elite. Mojo Elite is a special Discord status given to active community members and contributors or through giveaways. So this isn’t…

NFT Ordinals took the Bitcoin network by storm in January, the hot new thing that dominated the conversation around the oldest and largest blockchain. On Monday, the number of Bitcoin Inscriptions crossed 200,000, according to data from Dune Analytics. Ordinal Inscriptions, similar to NFTs, are digital assets inscribed on a satoshi, the lowest denomination of a Bitcoin (BTC). Inscribing on satoshis, named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, is possible thanks to the Taproot upgrade launched on the Bitcoin network on November 14, 2021. Thanks to the popularity of Ordinals, fees on the Bitcoin network skyrocketed over the…

Cryptocurrency lawyers have rebuffed comments made by the head of the United States securities regulator, who claimed in a recent interview that every cryptocurrency except Bitcoin (BTC) is a security that falls under its jurisdiction.In a wide-ranging Feb. 23 New York Magazine interview discussing crypto, Securities and Exchange Commission Chair Gary Gensler claimed “everything other than Bitcoin” falls under the agency’s remit.He added other crypto projects “are securities because there’s a group in the middle and the public is anticipating profits based on that group,” which he said is not the case with Bitcoin.Gensler in @NYMag on crypto:-everything is a…

NFT Yuga Labs, the $4 billion company behind dominant NFT collection Bored Ape Yacht Club, will debut its first-ever Bitcoin-based NFT project later this week, the company announced Monday. The collection, TwelveFold, will consist of 300 limited-edition generative art pieces each inscribed to the Bitcoin blockchain. It’s one of the highest-profile launches to date via Ordinals, a recently-launched way of committing artwork and media to Bitcoin by permanently attaching each to an individual Satoshi, or 1/100,000,000 of a full Bitcoin (BTC). The pieces, all 12×12 grids—an homage to the manner in which data is stored on the Bitcoin blockchain—will combine…

The nonfungible token (NFT) marketplace Blur has seen its trading volumes and total sell-side liquidity skyrocket since conducting an airdrop on Feb. 14. The reason for the spike could be the start of Season 2 of its airdrops, where 10% of the BLUR token’s total supply will be distributed to certain users based on their activity. The team allocated 12% toward an early user airdrop in the first season that ran from the marketplace’s gated launch in March 2022 through February 2023.Blur trading volumes (in ETH). Source: Dune Blur has made a significant dent in OpenSea’s position as the leading marketplace.…

Blockchain As the use of blockchain technology continues to evolve, it presents new opportunities and challenges for fundraising in conflict zones. While blockchain-based fundraising can offer advantages such as increased transparency and accountability, it also raises ethical questions about the use of crypto in global conflicts. One example of this is the use of cryptocurrency to fund conflict in Ukraine. Both sides of the conflict have reportedly used illicit sources to raise funds through blockchain-based platforms, raising concerns about the potential risks of sanctions violations and other illicit activities. Illicit Use of Cryptocurrency in the Ukraine-Russia Conflict The ongoing conflict…