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The Magic Eden non-fungible token (NFT) marketplace has expanded its support for compressed NFTs (cNFTs) — a new system of NFT creation powered by Solana. This strategic decision offers creators a cost-efficient solution for their digital collectible minting, the company explained. Magic Eden, which recently welcomed BRC-20 tokens to its multi-chain
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Nonfungible token (NFT) marketplace Magic Eden has announced that it will support Solana’s compressed NFTs (cNFTs) to provide a cost-efficient and scalable alternative to owning digital collectibles.Today we’re releasing support for cNFTs (find them in our popular collections) cNFTs are a new wave of NFT creation only possible on
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The United States Securities and Exchange Commission (SEC) charging nonfungible token (NFT) project Stoner Cats sparked feedback from commissioners Hester Peirce and Mark Uyeda, arguing that the project’s activity constitutes fan crowdfunding, which they believe is common for artists. On Sept. 13, the SEC charged Stoner Cats 2 LLC, the firm
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“More and more, we're seeing corporations who want to participate on-chain in some way, whether that's by doing an NFT drop, or, in some cases, even voting in DAOs,” Kevin Johnson, vice president of institutional sales and trading at Coinbase, said Tuesday on CryptoX TV. “But they need a safe
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CNA Financial, the seventh-largest commercial insurer in the United States, has excluded nonfungible tokens (NFTs) coverage from Schwab Strategic Trust’s policy worth $20 million.In a filing submitted to the US Securities and Exchange Commission (SEC), the insurer attached an exclusion to the document, mentioning that the bond does not cover
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The Web3 platform ZTX achieved a record-breaking sale of 4,000 Genesis Homes NFTs, showcasing enthusiasm for the metaverse despite a bearish NFT market. The Web3 platform focused on the metaverse ZTX backed by Jump Crypto, achieved a record-breaking sale of its inaugural collection of 4,000 Genesis Homes NFTs, despite the current
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Google says that since Sept. 15, advertisers promoting gambling-related content will not be allowed to advertise these products or services. As part of the change log, Google shares that in September 2023, it will update the cryptocurrencies and
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Base network’s “Onchain Summer” promotion in August resulted in over 700,000 non-fungible tokens (NFTs) minted by over 268,000 unique wallets, according to a Sept. 6 announcement from the team.Coinbase launched Base, its Ethereum layer-2, on Aug. 9. To spur adoption, the network’s team implemented a month-long launch event. It partnered
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A group of cryptocurrency venture investors has established a $20 million fund to invest in undervalued Web3 projects and companies focused on blockchain gaming and digital collectibles.Alpha Protocol Ventures (APV) will look to invest in a variety of projects across the Web3 ecosystem, CEO and founder Vagelis Diamantis told Cointelegraph
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Casio will launch a virtual G-SHOCK campaign designed by members of the company’s community, with the roadmap beginning this month. Japanese multinational electronics company Casio is bringing its signature G-SHOCK watch brand to the metaverse. These virtual G-SHOCKS will launch on Polygon, the Layer-2 network for scaling Ethereum. Casio intends to launch the virtual
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