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2023 Underground Art Market Report

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Category: NFTs

Why is Disney back betting on the failed NFT market?

Disney has embarked on a flashy NFT investment despite the crashing of the NFT market last year rendering most ‘tokens’ worthless  Disney Pinnacle, a ‘digital pin and trading experience’ launched last month, has been criticized as ‘pointless’ and ‘a grift’ by its first users  The venture comes as …

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January 13, 2024January 13, 2024 By AdsmithBroker

Nike Will ‘Go Way Deeper’ Into Video Game Fashion Amid NFT Push

Sports apparel giant Nike’s blockchain and digital wearables division, .Swoosh, said Friday that it will push further into the video game space in the coming year—but it’s unclear if its future gaming activations will necessarily involve NFTs. “A virtual product’s value should be based on …

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January 13, 2024January 13, 2024 By AdsmithBroker

In a significant development, video game retailer GameStop has decided to take a step back from crypto and shutter its NFT marketplace.

GameStop Steps Back From Crypto, Shutters NFT Marketplace – Crypto Daily Published 29 minutes ago on January 13, 2024 Table of Contents In a significant development, video game retailer GameStop has decided to take a step back from crypto and shutter its NFT marketplace.  The …

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January 13, 2024January 13, 2024 By AdsmithBroker

Blue-chip NFT market: Stability or stagnation?

Blue-Chip NFT Market: Navigating the balance of stability, growth, and inclusivity Marked by digital assets associated with established manufacturers, the blue-chip NFT market is currently navigating a micro-landscape, prompting speculation on whether it is stabilizing or facing stagnation. Stability amid chaos: Blue-chip NFT has emerged …

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January 13, 2024January 13, 2024 By AdsmithBroker

GameStop to Shutdown Its NFT Marketplace Amid Regulatory Scrutiny

After approximately a year and a half since its NFT marketplace launch, GameStop, the publicly-traded video game retailer, has decided to bid farewell to its platform. The marketplace, which facilitated gaming NFTs and various collectibles on Immutable X and Loopring, operating across Ethereum scaling networks, …

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January 13, 2024January 13, 2024 By AdsmithBroker

Phantom Wallet Unveils Tailored Shortcuts for Raposa Kups NFT Community

Phantom Wallet, a favored platform among tech-savvy users and early adopters of Web3 innovations, has introduced custom shortcuts designed specifically for the Raposa Kups NFT community. This strategic move aims to enhance user interaction within the NFT space, providing tailored functionalities for a seamless experience. …

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January 13, 2024January 13, 2024 By AdsmithBroker

GameStop Bails on Crypto Gaming, Killing NFT Marketplace

GameStop is getting out of the NFT business. About a year and a half after launching its NFT marketplace, publicly-traded video game retailer GameStop is saying goodbye to its platform, which supports gaming NFTs and other collectibles across Immutable X and Loopring, both Ethereum scaling …

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January 12, 2024January 13, 2024 By AdsmithBroker

U.S. Air Force Cyber Analyst Arrested for Alleged Role in NFT Scheme

An active-duty senior airman in the United States Air Force was arrested this week after being implicated in a scheme hyping the value of NFTs. Devin Alan Rhoden, who works for the Air Force as a cyber analyst, was arrested earlier this week, according to …

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January 12, 2024January 12, 2024 By AdsmithBroker

Nifty Island to Intensify P2E Gaming with Coinbase and Top NFTs

Nifty Island stands out by allowing players to create and customize their own islands, fostering a sense of creativity and collaboration among different NFT communities. The game will also feature variety of celebrated avatars including Azuki, Bored Apes, CloneX, and more, making it the ultimate …

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January 12, 2024January 12, 2024 By AdsmithBroker

NFT Security Tackling Smart Contract Risks

In the ever-evolving world of Non-Fungible Tokens (NFTs), security is a paramount concern. This piece delves into the intricacies of smart contract vulnerabilities, offering a guide to fortify your precious digital assets. At the core of NFTs lies the smart contract – a digital protocol …

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January 12, 2024January 12, 2024 By AdsmithBroker

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