By Anjali Kochhar French personal care company L’Oréal has announced its decision to venture into the digital realm, with a minority investment in US-based startup Digital Village, a ‘metaverse-as-a-service’ platform and NFT (non-fungible tokens) marketplace for brands, creatives, and communities. The investment, which marks the cosmetics giant’s first foray into the Web3 space, was made […]

By Murtuza Merchant The Mayan Warrior community, a group of Burning Man festival devotees, has created a unique fundraising initiative using non-fungible tokens (NFTs). To celebrate 10 years of being a leading non-profit organization, Mayan Warrior has introduced “The Amulet,” a digital “all-access pass” that allows members to support artists and gain access to exclusive experiences. The

By Anjali Kochhar MNFTM has announced the launch of its new premier Web3 NFT marketplace and platform for Black and ethnically diverse creators and collectors globally – MNFTM. According to the company, with a vision to create an NFT marketplace and community that thrives in diversity and brings light to creators from all backgrounds, MNFTM

By Sharan Kaur Phillora NFTs (or digital collectibles) have a large user base in China, despite the country’s ban on traditional cryptocurrencies. However, NFTs cannot be purchased with cryptocurrencies and are often traded on closed, highly regulated platforms as opposed to open ones. That’s why we’re seeing NFTs expanding into Hong Kong to offset compliance

By Anjali Kochhar Cryptocurrency exchange Binance has tightened its rules for nonfungible token listings. As per the statement, starting Feb. 2, 2023, Binance will delist all NFTs listed before Oct. 2, 2022 and with an average daily trading volume lower than $1,000 between Nov. 1, 2022 and Jan. 31, 2023. In addition, after Jan. 21,

By Joe Pan The rise of non-fungible tokens (NFTs) in the gaming industry has created new opportunities for players to own and control their in-game assets, but for blockchain games to truly compete with traditional web2 games, there are several key steps that need to be taken.  2023 is shaping up to be a big

January 20, 2023 By Sharan Kaur Phillora According to Coinpost, the Japanese National Tax Agency released a general tax treatment document related to NFT. In addition to listing the cases of vying for income tax on NFT, the guide also released cases of consumption tax and other situations. Because the acquisition and use of in-game

January 20, 2023 By Sharan Kaur Phillora Shibarium, an upcoming layer 2 networks, will soon join the ever-growing battle of Ethereum-based blockchains such as Arbitum and Optimism, all of which are attempting to overcome the concerns of scalability, speed, and cost. A beta testnet, or blockchain that simulates real-world operation is anticipated to go live

January 20, 2023 Global food giant McDonald’s has collaborated with Karen X Cheng, a well-known digital content creator for a Lunar New Year campaign. Cheng’s work has time and again gone viral and incorporates AI and AR, as well as a variety of cutting-edge technologies. The 30-second commercial is based on Cheng’s fond childhood memories of

January 19, 2023 By Tsering Namgyal India’s central bank the Reserve Bank of India has once again called for an outright ban on cryptocurrencies. The RBI governor Shaktikanta Das specifically mentioned cryptocurrencies such as Bitcoin and Ether as he bemoans them interfering with the bank’s monetary policy and even potentially lead to the dollarization of