NFTs

Decentralized Science Leverages Blockchain to Revolutionize Research

Decentralized Science Leverages Blockchain to Revolutionize Research

Decentralized Science (DeSci) is rapidly becoming the new frontier of this transformation, leveraging blockchain technology to reinvent the old paradigms of scientific research. DeSci seeks to disrupt the existing processes and structures of how science is conducted by solving traditional research challenges and promoting inclusiveness. Similar to the trajectory of...

DraftKings to Pay $10 Million to Settle Reignmakers NFT Lawsuit

DraftKings to Pay $10 Million to Settle Reignmakers NFT Lawsuit

DraftKings will pay a $10 million settlement to settle a class-action lawsuit focused on its Reignmakers NFTs. In late March of 2023, lead plaintiff Justin Dufoe filed the lawsuit. According to him, these NFTs fit the legal definition of an investment contract and therefore should be considered securities under U.S....

LCX Unveils LCXP Token for Platinum-Backed NFTs

LCX Unveils LCXP Token for Platinum-Backed NFTs

LCX, the compliant digital asset exchange based in Liechtenstein, recently launched LCXP. This new utility token enables everyone to unlock ownership of physical platinum via non-fungible tokens (NFTs). Each LCXP token unlocks access to a Tiamonds Platinum NFT. Each NFT is backed by one ounce of platinum, safely stored in...

Yuga Labs Pursues Crypto Assets in BAYC Lawsuit Enforcement

Yuga Labs Pursues Crypto Assets in BAYC Lawsuit Enforcement

Yuga Labs, the copyright holder behind the Bored Ape Yacht Club (BAYC) NFT collection, has undertaken asset recovery efforts against Greg Cahen. This comes on the heels of their court victory against Ryder Ripps and Cahen in a lawsuit involving both defendants. The final judgment was entered on Feb. 2,...

Solana Activity Soars as Network Usage and Whale Transactions Surge

Solana Activity Soars as Network Usage and Whale Transactions Surge

DeFi on Solana is exploding amid high network activity. Active addresses, transaction volumes, and decentralized exchange (DEX) usage are all booming. The network crossed 29 million daily active addresses (up 17%) – more than all other blockchain networks combined with a staggering 374 million daily transactions. This increased activity has...

Promising Crypto Presales- Aureal One and DexBoss Attract Investor Attention

Promising Crypto Presales- Aureal One and DexBoss Attract Investor Attention

Aureal One and DexBoss have recently emerged as noteworthy contenders in the cryptocurrency presale arena, garnering significant attention from investors. Aureal One is a community-driven platform designed with developers and users in mind. It seeks to transform the gaming experience through ultra-fast transaction speeds and a commitment to community-driven development...

Zora Token Rockets After Key Endorsement Fuels Speculation

Zora Token Rockets After Key Endorsement Fuels Speculation

Zora, a prominent platform in the NFT space, witnessed a dramatic surge in trading activity and token value after a key endorsement. Zora’s announcement helped the platform’s native token, ZORA, achieve an astonishing 24,000% increase in trading volume. In only one hour, it jumped to 5.2 million tokens—well above its...

LOL Land Set to Launch Web3 Board Game on Abstract Chain

LOL Land Set to Launch Web3 Board Game on Abstract Chain

LOL Land, a new browser-based board game, was made with casual web3 users in mind. It claims to be launching on Abstract Chain, a more consumer-friendly Layer 2 solution. The game takes the classic board game experience and flips it on its head with web3-native mechanics. Like many gaming guilds,...