NFTs

Binance & Animoca Brands Launch $200M GameFi Fund

  • The newly established fund will focus on early-stage GameFi projects that are building on the Binance Smart Chain network.
  • Both companies will contribute up to $100 million to the program, with Binance investing through its $1 Billion Growth Fund.

Blockchain.com to Launch NFT Marketplace

  • The cryptocurrency exchange has already opened a waiting list for the new platform, which will allow users to buy, sell, and store NFTs.
  • In order to make the process of buying NFTs more straightforward and user friendly, Blockchain.com will add NFT functionality to its crypto wallet.

SK Telecom Subsidiary Invests $75M in Korbit Exchange

  • SK Square said it believes its value of net assets could grow just by holding shares of South Korean cryptocurrency exchange Korbit.
  • SK Square and Korbit plan to jointly promote popular crypto niches like non-fungible tokens (NFTs) and the metaverse.

Axie Infinity Land Plot Sells For 550 ETH

  • The virtual land sold was one of the rarest types in the Axie Infinity game, "Genesis", where rare bosses with special rewards can spawn.
  • The last big purchase of plot land in the NFT game was back in February, when nine plots of land were sold for 888 ETH.

OpenSea Receives Investment Offers Worth $10B in Valuation

  • People with "direct knowledge of the matter" claimed that potential backers have initiated fundraising talks with OpenSea, which could see its valuation jump to $10 billion.
  • The rush to get a piece of the company is probably related to the explosive growth of the NFT platform, which back in August reported a trading volume of $3.4 billion.

Enjin to Support Metaverse Projects Through $100M Fund

  • Called "Efinity Metaverse Fund", the initiative will support metaverse-based projects being developed on Efinity.
  • The fund will also help projects focused on cross-chain NFT assets, digital collectible apps, gaming, virtual events, and multichain infrastructure.

Avalanche Launches New $200M Investment Fund

  • The "Blizzard" fund received contributions from the Avalanche Foundation, Ava Labs, Polychain Capital, Three Arrows Capital, Dragonfly Capital, CMS Holdings, and others.
  • The main focus of the fund will be early-stage projects focused on DeFi, enterprise applications, NFTs, and culture applications, though it will also support "emerging use cases".

Alchemy Reaches Unicorn Status After $250M Series C

  • Alchemy claimed the last six months have been incredibly profitable for the company, as it experienced a 15x increase in its revenues.
  • The new funds will be used to expand access to its tools, build new educational resources, as well as open new offices in the U.S. and outside.

NFT Startup Candy Digital Raises $100M

  • Candy's Series A funding round was co-led by Softbank Vision Fund 2 and Insight Partners, and valued the company at $1.5 billion.
  • The NFT startup has already partnered with sport brands such as Major League Baseball, MLB Players Association, Race Team Alliance, and several college athletes.

FTX.US’ NFT Marketplace Now Supports Solana-Based Tokens

  • Launched in September with limited functionality, the FTX.US NFT marketplace has now expended its support to cover Solana-based NFTs.
  • In order to avoid the attention of regulators, the NFT marketplace will not list tokens that advertise or offer royalties to their holders.