NFT Environmental Impact. Is It That Bad?
NFTs minted on the blockchain are carbon-intensive assets. The magnitude of damage crypto mining inflicts on the environment is astronomical. However, soon environmentally-conscious artists and musicians might revise their hard pass on NFTs as new sustainable platforms emerge. In 2021 world leaders bickered about global efforts to reduce carbon emissions at the COP26 summit. Meanwhile, […]
6 Million DC Comics Trading Cards Drop In The NFT Space
Warner Bros. is creating over 6 million DC Comics-inspired physical trading cards packaged with redeemable NFTs that will be available later this month. Cartamundi, a card and board game company, will design the cards, which will feature 155 different superheroes. The NFTs are being minted on the Ethereum sidechain Immutable X. Warner Bros. also plans […]
A rare NFT from the CryptoPunks collection was sold for 2501 ETH.
An unknown person purchased a non-fungible token (NFT) CryptoPunk #5577 for 2501 ETH (over $7.8 million). The deal was the third-largest in the history of the collection. Twitter users congratulated Compound DeFi protocol founder Robert Leshner on the NFT acquisition. Leshner himself did not directly confirm the purchase of CryptoPunk #5577. There is no evidence […]
Pantera Capital and Coinbase have invested in the Summoners Arena GameFi project.
Summoners Arena developers have raised $3 million in seed funding, led by Pantera Capital. The round was attended by Coinbase Ventures, Impossible Ventures, Spartan Group, as well as other investors and business angels. The team will use the funding to expand the staff and further develop the project. In particular, improving graphics and integrating new […]
Our favorite 10 Celebrities Promoting the NFT market
The crypto art craze brought many prominent players to use their celebrity to create, promote and make money on NFT’s. NFTs, or non-fungible tokens, have allowed artists to sell their digital work for thousands and even millions of dollars. It’s easier to seize a one billion dollar industry when you already have a substantial following. […]