Author: Jeremy Ryan

Civil charges were announced against former FTX director of engineering Nishad Singh on Feb. 28, the same day he entered a guilty plea to three counts of criminal fraud in Manhattan district court. Both the United States Securities and Exchange Commission and the Commodity Futures Trading Commission are pressing charges against him.Singh pleaded guilty in the U.S. District Court for the Southern District of New York to one count of wire fraud, one count of conspiracy to commit wire fraud on FTX customers, and one count of conspiracy to commit commodities fraud after reportedly reaching a deal with prosecutors. The…

Blockchain A major development comes from Avalanche and Tokeny, making institutions happy, for they will now have a tokenization solution that is seamless and secure. Per the announcement made by Tokeny, the leading tokenization platform has now integrated with one of the best smart contract platforms – Avalanche. The partnership between the two ventures makes it convenient for institutions to manage, issue, and transfer tokenized securities on the Avalanche blockchain. The integration brings a lot for the ecosystem, not just in terms of tokenized securities but also in terms of managing assets in real time. It has the potential to…

NFT Hollywood’s Baobab Studios has won nine Emmy Awards for its short films and virtual reality (VR) experiences. Now, they’re branching out into the world of Web3 with a family-friendly project called “Momoguro” and an accompanying Ethereum NFT collection. Created by multimedia director and animator Martin Allais and writer-director Nico Cassavecchia, Momoguro is a colorful fantasy world where creatures called “Momos” can fuse together to form hybrid characters. Momoguro is releasing NFTs as well as a NFT roleplay game (RPG) where players can go on “quests” across a world called the Uno Plane to combine Momos. The franchise is minting…

NFT “I don’t care about the bear market,” Arianee chief Pierre-Nicolas Hurstel proclaimed at NFT Paris last week in an interview with Decrypt. Quickly clarifying that the dip is “not nice”, Hurstel—whose company has helped high-end brands like Yves Saint Laurent and Moncler issue NFTs—explained that the market lull means a real focus on practical use cases that will onboard more people into Web3. “During the bull, we would get a telephone [call] every day from a brand that wants to make a million dollars with a stupid drop,” he said. Nouns 3D-Printed Fashion Collection Turns Heads at NFT Paris…

The non-fungible token (NFT) generator turns words into NFTs through artificial intelligence (AI). Binance Chief Executive Changpeng Zhao is working on a new masterpiece named “Bicasso”. The beta version of Bicasso was launched on Wednesday, March 1st with a limit of 10,000 mints. Consequently, the 10,000 mint limit was reached in the space of 2.5 hours, as fans went wild with the AI art.On the platform, you can mint NFTs with the help of AI. Essentially, you upload an image onto the generator, and input your own words. Then, AI combines your input with its own intelligence to produce a unique…

Binance’s newly launched artificial intelligence-powered nonfungible token generator has been churning out digital art at full capacity, reaching a cap of 10,000 NFT mints in just 2.5 hours after launch.On March 1, the world’s largest crypto exchange Binance launched an AI-powered NFT generator called “Bicasso” in beta.Binance CEO Changpeng Zhao told users “you can turn your creative visions into NFTs with AI,” following it up a couple of hours later with “Bicasso first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a little stressed out, but caught its [breath] now.”BICASSO first pilot just completed with…

NFT Binance’s newly launched artificial intelligence-powered nonfungible token (NFT) generator has been churning out digital art at full capacity, reaching a cap of 10,000 NFT mints in just 2.5 hours after launch. On Mar. 1, the world’s largest crypto exchange Binance launched an AI-powered NFT generator called “Bicasso” in beta. Binance CEO Changpeng Zhao told users “you can turn your creative visions into NFTs with AI,” following it up a couple of hours later with “Bicasso first pilot just completed with 10K NFT minted in 2.5 hours. The AI was a little stressed out, but caught its [breath] now.” BICASSO…

NFT This Wednesday, the Solana-based NFT marketplace Magic Eden announced that its iOS and Android apps are no longer functional. According to the platform, it is “hitting pause” on its smartphone apps for at least a few months. Magic Eden’s Smartphone Apps Will Not Work for At Least Several Months This Wednesday, the NFT marketplace Magic Eden announced via Twitter that its smartphone apps are no longer functional. According to the marketplace, the apps will remain unusable for at least several months. Magic Eden, however, also specified that its platform would remain reachable via mobile phone either by using a…

NFT MetaFight, the web3 game that allows players to manage a gym and train MMA fighters, has announced that UFC heavyweight number one contender Ciryl Gane has joined its board ahead of his landmark fight with Jon Jones at UFC 285 for the vacant heavyweight title. MetaFight NFT card game The game features different cards, including Gym Cards, Trainer Cards, Fighter Cards, and Bonus Cards that players can customize according to their preferences, such as grappling, wrestling, or striking. The game will be available on both mobile and desktop devices. MetaFight runs on the Immutable X layer-2, which offers improved…

NFT When it comes to blockchain and cultural heritage, few have greater expertise on this matter than Linda Adami, an alma mater of the Dubai Future Foundation’s innovative accelerator program, Adamis is today working at the forefront of blockchain technology and sustainable tourism. “Cultural heritage is incredibly underfunded,” she told Crypto during a Mar. 1 interview. “But what if we can create immutable archives of culture using NFTs, and use them toward developing a new model for incentivizing current and future generations to stay involved in cultural heritage.” Adami’s innovative new NFT startup aims to bridge the worlds of cultural…