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Weekly NFT Sales Show Improvement, Fantom and Immutable X NFT Volume Spikes

Non-fungible token (NFT) sales managed to climb higher during the last seven days than the previous week’s overall sales. This week’s NFT sales managed to jump over 6.3% after recording more than $153 million in sales compared to last week’s $144 million. Non-Fungible Token Sales This Week Climb More Than 6% Higher, 2 NFT Collections […]

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Axie Infinity Surpasses $4 Billion in All-Time Sales, Team Removes SLP Rewards From Classic Game Mode

After recording more than $4 billion in all-time sales, Axie Infinity announced the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode. The team also introduced non-fungible token (NFT) runes and charms that can be minted on […]

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OpenSea outlines new regulations against NFT theft

Leading NFT marketplace, OpenSea has implemented new regulations to prevent NFT theft. The firm clarified these new regulations via a series of posts on Twitter.  OpenSea indicated that it has always complied with the regulations of the U.S government. The firm admitted that the law of the US government strongly frowns against allowing the sale […]

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Why NFT Marketplace OpenSea Will Implement Crime Report Policy

Popular non-fungible token (NFT) marketplace OpenSea announced changes to its crime reporting policy. Via their Twitter account, the team behind the platform addressed the issues with their old stolen items policy and why it was “damaging” users’ trust in the marketplace. OpenSea said that they must implement a crime reporting and stolen items policy to […]

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NFTs and intellectual property, explained

When you buy a nonfungible token, do you automatically get intellectual property rights? Well… it’s complicated. How can IP assets transform DeFi, DAOs and the metaverse? InvArch says that its infrastructure can be used to speedily create new decentralized autonomous organizations. This could make it easier for nonprofits to fund intellectual property development — and […]