December 8, 2022 By Sharan Kaur Phillora The Hangzhou Internet Court – a specialist internet court – has ruled that non-fungible tokens (NFT) are virtual properties protected by law, according to the court’s summary of a recent case posted on its official Wechat account on Nov. 29. Here’s what we know: The Hangzhou Internet Court made the recent […]

December 7, 2022 By Anjali Kochhar Digital Assets company HashKey Digital Asset Group has signed a Memorandum of Understanding with Alibaba Cloud and PlatON to explore potential collaborations on various projects, including co-developing and supporting an infrastructure and technology platform for developers in the Web 3.0 space. The platform aims to provide developers with the necessary and consummate

December 7, 2022 By Anjali Kochhar Indonesia’s central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse. BI launched the design for its digital rupiah last week, following many central banks around the world that are developing so-called central

December 6, 2022 By Murtuza Merchant In response to the effects of FTX’s collapse, Star Atlas NFTs are entering the market at a sharp discount. Star Atlas’ CEO, Michael Wagner, informed followers via a statement on Twitter that a sizable portion of the company’s short-term cash was invested in FTX. As a result, Star Atlas has a

December 6, 2022 By Anjali Kochhar South Korean and Chinese companies are securing metaverse hardware patents, with LG and Huawei rising in the ranks with the most Metaverse patents as the electronics industry looks beyond smartphones, the media reported. The global metaverse market is expected to reach $996 billion in 2030, registering a compound annual

December 6, 2022 By Sharan Kaur Phillora  The world’s largest non-fungible token (NFT) marketplace in terms of overall NFT sales volume, Opensea announced that BNB blockchain-based NFTs would be supported on the marketplace platform. With BNB blockchain support, Opensea users can purchase and list BNB NFT assets. Here’s what we know: OpenSea already supports Ethereum, Solana, Klaytn, Arbitrum, Optimism, Avalanche,

December 5, 2022 By Anjali Kochhar Germany luxury and sports company Porsche has become the latest automobile manufacturer to join the non-fungible token (NFT) art market. The company displays a gallery of digital photographs using the 911 at Art Basel in Miami, Florida. A large sculpture by Chris Labrooy portraying a big racing car driver playing

December 5, 2022 By Tsering Namgyal and Joe Pan Non-Fungible Tokens (NFTs) are recognized as a potential tool to help mitigate the impacts of climate change at the recently concluded COP27, according to attendees. On 20 November, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), took place in the Egyptian

December 5, 2022 By Murtuza Merchant and Joe Pan For this year’s Miami Art Week, thousands of collectors and artists from all over the world have joined one of the longest-running and the biggest arts event showcasing both the traditional and digital art collections in North America.  From November 28 to December 4, thousands of

December 2, 2022 By Anjali Kochhar The word ‘Metaverse’ has been shortlisted for the Oxford Word of The Year 2022, and for the first time, it is open for the public to vote for their favorite word. The voting closes on December 2, and the result will be announced on December 5. According to the