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NFTs

Fantasy Football NFT Platform Sorare Raises $680 Million

  • The investment gives Sorare a new valuation of $4.3 billion.
  • The company will use the funding to expand to new sports and increase its offering.

Decentral Games Secures Support From Binance Smart Chain’s $100 Million Fund

  • Decentral Games will use the funds to expand its NFT marketplace on the Binance Smart Chain.
  • It will also introduce new games and features to its existing metaverse venues.

Fnatic and Crypto.com Enter Multi-Year Partnership

  • The two will work together to launch new digital products, which will include exclusive Fnatic NFTs.
  • As part of the partnership, all Fnatic jerseys will feature Crypto.com's logo.

Google Cloud Partners With Dapper Labs to Develop Flow Blockchain

  • The multi-year partnership will see Google will act as a network operator for the Flow blockchain.
  • Developers will able to connect to Flow access nodes at lower latency through Google's cloud services.

Spain’s LaLiga to Offer NFTs of Players Through Sorare Partnership

  • Fans of LaLiga will now be able to get their hands on NFTs representing players from the top 20 clubs in Spain.
  • This will create new revenue streams for the league, and enable fans to play in Sorare's fantasy tournaments.

FTX Implements Fees for Minting NFTs to Reduce Spam

  • FTX unveiled its new NFT issuing feature this morning, but was quickly flooded with spam due to the low cost of minting.
  • To reduce spam, the exchange first introduced a one-time fee of $500, but reduced it to $10 per NFT after receiving backlash from the community.

OKEx Launches DeFi Hub, Introduces NFT Marketplace

  • The newly introduced DeFi Hub ecosystem supports two core products, an NFT Marketplace and a DeFi Dashboard.
  • The new marketplace aims to accelerate the adoption of NFTs by enabling users to buy, sell and trade non-fungible tokens "with zero fees paid out to OKEx".

Facebook’s Novi Wallet Could Support NFTs

  • During an interview with Bloomberg on Tuesday, David Marcus revealed the social media giant was looking to implement support for NFTs through its Novi wallet.
  • Marcus further said that while the wallet was "ready to launch", Facebook has postponed its release until the Diem project has received regulatory approval.

Visa Invests $150K in CryptoPunk to Better Understand the NFT Market

  • Visa purchased CryptoPunk 7610, one of the 3,840 "female" CryptoPunk NFT's, on 19 August for 49.5 ETH.
  • The purchase will not only let Visa better understand the growing NFT market, but also support the creators, collectors, and artists developing this nascent digital asset.

Shopify to Allow Direct Selling of NFTs

  • The e-commerce company is now supporting the direct sale of NFTs for its merchants, though the offering will be limited for some time.
  • The first merchant to use the new offering is the Chicago Bulls, which released a limited NFT collection representing its six championship rings.