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The commission in charge of regulating registered charities in England and Wales has announced it has begun investigating Effective Ventures Foundation, an organization tied to bankrupt crypto exchange FTX.In a Jan. 30 announcement, the Charity Commission said it had launched the inquiry due to FTX being a “significant funder” of Effective Ventures. According to the commission, Effective Ventures reported its ties to FTX as a “serious incident” potentially affecting other assets, opening the door for the regulator to investigate its trustees.“There is no indication of wrongdoing by the trustees at this time,” said the commission. “However, there are indications of…

Halloween is just around the corner, and Funko has teamed up with Warner Bros. Discovery for a spooky horror Digital Pop! series NFT collection. The terrifying WB Horror x Funko Series 1 is available from Monday, October 31st, at 11 AM on the NFT marketplace Droppp. Fans of horror will love the NFTs, with favorites from a wide range of Warner Bros. and New Line Cinema Films. Therefore, the lineup includes The Conjuring, IT, The Exorcist, and many more. Prices start at $9.99, and every pack comes with the opportunity to win an ultra-rare Funko Digital Pop! which can be…

Slick Films, an independent production company run by Oscar-winning writer and director Rachel Shenton and Chris Overton, will tap into NFTs to raise funds for its new upcoming documentary. Dubbed “Sticks and Shelter,” the documentary follows the life of Mick Donnovan, a recovering addict and ex-professional drummer.Donnovan resides at the Macari Centre, a non-profit organization committed to helping end homelessness in Stoke-on-Trent. To this end, the location is run by former Manchester United legend Lou Macari and houses around 50 individuals, providing them with meals and shelter. Over recent years, tough economic times have put a strain on people’s livelihoods,…

Should people who purchase nonfungible tokens (NFT) be entitled to refunds if they decide they don’t like their digital pictures? Some Europeans are beginning to make that case under a 25-year-old law.Unhappy buyers have claimed that their right to a refund is protected by a 1997 European Union law that requires any person or business engaged in “distance selling” — that is, buying and selling a product that is not done in person — to allow customers a 14-day grace period to return the product for a refund. But since digital goods are different, the law makes provision for the…

NFT The Bitcoin NFT platform Inscriptions has triggered a debate on the appropriate use cases of Bitcoin blockspace. The creation of Ethereum opened many doors for blockchain utilities like smart contracts, DeFi, and the Non-Fungible Token (NFT). It is appropriate to say that Ethereum shaped the Web3 ecosystem as we know it today. However, no other blockchain matches Bitcoin’s decentralization, immutability, and security. Hence, the developers have been working on solving the riddle to bring Ethereum-like utilities to Bitcoin. Inscriptions – NFTs on Bitcoin Casey Rodarmor, a Bitcoin developer, recently introduced Inscriptions, the NFTs on Bitcoin. He describes them as…

The pixel adventure RPG game Portal Fantasy is the brainchild of a team with many years of gaming experience gained at companies like Nintendo, Disney, and Facebook and on titles like Assassin’s Creed and Tropico. The team has a data-driven approach to tokenomics and is led by Kasei, who also founded a cryptocurrency algorithmic trading company. Portal Fantasy is backed by prominent players of the blockchain and gaming ecosystems, including YGG SEA, Makers Fund, Blizzard Fund, Wave Financial, Ava Labs, Avalaunch, GFR Fund, Infinity Ventures, Mirana, Genesis Block Ventures, C2 Ventures, D1 Ventures, Keychain Capital. The Gameplay of Portal FantasyPortal Fantasy is inhabited by creatures known…

The iconic American comedy duo, Abbott and Costello, can now make us laugh on the blockchain, thanks to a fascinating collection of NFTs. The project works with an exclusive license from the estates of Bud Abbott and Lou Costello via Unforgettable Licensing and is presented by Power Up NFTs. The NFT collection is “Who’s on First,” named after the comedy duo’s famous “Who’s on First” routine. There is a total of  8,791 NFTs up for grabs, and the drop will happen on October 28th.  Famous comedy duo Abbott and Costello now have their own NFT collection. An Abbott and Costello…

USD Coin (USDC) issuer Circle has released an accountant-verified report of its treasury reserve holdings backing more than $44.5 billion worth of tokens currently in circulation.Circle’s December 2022 reserve report, reviewed by Grant Thornton accountancy group, breaks down the current make-up of the stablecoin issuer’s reserve vault. According to Circle, 44,553,543,212 USDC is currently backed by $44,693,963,701 U.S. dollars held in custody accounts.It is worth noting that a significant portion of the latter amount is invested in various U.S. treasury bonds. As per Circle’s vice president of accounting Timothy Singh, the fair value of assets in the USDC reserve is…

NFT In June 2021, during my first-ever interview with a prominent non-fungible token (NFT) collector, I learned about a Web3 silver bullet. As a freshly self-employed writer who left a salaried media job to pursue a freelance career, scarcity was on my mind. I wasn’t preoccupied with the “good” kind of scarcity we talk about in Web3 (the kind that makes digital art more valuable due to a limited supply). I was, instead, concerned about the scarcity of resources available to creatives to protect their intellectual property (IP) – this includes writers like me who continuously generate new ideas for…

This weekend, Gutter Cat Gang announced exciting updates for NFT holders – including the new Gutter Credentials! Accordingly, the new feature allows GCG holders to get credentials on their profile based on how many Gutter Cat NFTs they own. While the team didn’t reveal any utility to this feature yet, you can earn Early Bird Credentials by completing your profile by February 28th – so here’s what you need to know: Gutter Cat Gang announced the latest feature of their platform, Credentials, based on how many GCG NFTs users hold. What Are The New Gutter Cat Gang Credentials? Are you…