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The heavy involvement of the sports ecosystem is what expedited nonfungible tokens’ (NFT) mainstream adoption as the teams and players leveraged the technology for fan engagement. However, sports fans revealed their interest in moving beyond the hype and making investments based on knowledge about NFTs and trust in the issuers.The
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According to Mike Darlington, the CEO of Monstercat, an electronic music platform, and Jake Udell, the founder of social NFT platform Metalink, bear markets are a time to ideate and build new products. During this week's episode of NFT Steez, a bi-weekly Twitter Space hosted by Cryptox analysts, both Darlington
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The dedicated FTX token (FTT) DAO has raised $7 million from its community members as plans to invest in crypto education and DeFi. Original Source
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The Sports Metaverse will also allow users to trade NFTs, buy and develop land, and visit stadiums. Source
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The COVID-19 pandemic, along with other recent events, have revealed the need for a fully digital economy, giving rise to Metaverse ecosystems, Web3 platforms and the adoption of digital currencies. For example, the Ukrainian government recently reached out to the crypto community on Twitter asking for donations in Bitcoin (BTC), Ether
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At the time of publication, bitcoin, the largest cryptocurrency by market capitalization, was trading trading at about $37,500, down over 3% for the previous 24 hours. Ether, the second-largest crypto by market cap, was off about 1.6% over the same period. Other major cryptos were in negative numbers. Source
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Instead, fans are being offered non-fungible tokens (NFT). The English Premier League, the most popular league in the world, has 20 different clubs; 17 of these clubs have signed deals with “fan token” firms (like Socios, for example). Under such deals, according to The Daily Mail U.K., “clubs now sell
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What’s crypto’s hottest play-to-earn, NFT-based pet game?If you guessed Axie Infinity, you’re right – but the Neopets Metaverse team wants to change that. At least, that’s the stated plan.The project, which launched last September, aims to bring the once-popular pet collecting game – which peaked in the early 2000s and
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Boxing legend Mike Tyson, aka “Iron Mike,” says he is “all in on solana.” He is now asking his Twitter followers how high the price of the cryptocurrency SOL will go. Mike Tyson Asks How High the Price of Solana Will Go Mike Tyson, one of the greatest heavyweight boxers of all
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Award-winning rapper Nas will release nonfungible tokens (NFTs) that will let his fans own a stake in two of his songs, “Ultra Black” and “Rare.”Users who buy and hold the NFTs, dubbed limited digital assets (LDAs), will get a specific percentage of streaming royalty ownership depending on the token that they
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