The infrastructure to rent NFTs for a limited time is provided by NFT rental protocols. They permit the transfer of NFT user rights without transferring ownership of the NFT. On the other hand, users who do not own an NFT can still benefit from its utilities and earn passive income. How does NFT renting work?…
Blur, a new NFT marketplace, has surpassed Opensea, an established rival and NFT giant, in global market share. Blur has taken 46% of the weekly market share compared to OpenSea’s 36%, even though it only launched in October. Blur has had the highest daily trade volume in the NFT sector thus far in February, averaging…
In a $30 million partnership, the FA has partnered with the NFT Fantasy Sports brand Sorare. The major announcement sees the official playing cards of all 20 English Premier League clubs added to the NFT collection by the Paris-based Web3 company. In addition to announcing Premier League NFTs, Sorare also revealed a number of gameplay…
It turns out that Amazon intends to launch its own digital asset enterprise this spring, so the company intends to join the Web3 realm with its own NFT initiative. Blockworks has been informed of Amazon’s plans by at least five trustworthy sources who are familiar with the internal affairs of the company. It would appear…
Another token frenzy has been sparked by Ethereum’s Shanghai upgrade, with investors betting on the upgrade’s success According to Bloomberg, speculators are increasingly betting on tokens associated with the upcoming upgrade to the Ethereum network, known as Shanghai. It is anticipated that the much-anticipated upgrade will take place in March. Holders of Ether will be…
Since January 1, Bitcoin has gained nearly 40%, putting it on track for its best start to the year since 2013, when it gained 51%. The start of the year for Bitcoin (BTC) has been the best since 2013. Due to the weakening of the US dollar, the price of the largest cryptocurrency by market…
Demand for Decentraland’s MANA token and The Sandbox’s SAND token increased as a result of the news about Apple’s new mixed-reality VR headset. We now know a lot more about the exciting new technology from Apple. Apple seems to be getting ready for its big entry into the metaverse. Bloomberg provided information regarding Apple’s brand-new…
The United Kingdom will be able to “explore the case for a digital pound” with the assistance of a new position known as “head of CBDC,” although U.K. Bitcoiners argue that this may not be necessary. His Majesty’s Treasury, the UK’s economic and finance ministry, is looking for a head of central bank digital currency…
The Women’s National Basketball Association (WNBA) and the National Basketball Association (NBA) are expanding Meta’s partnership. The company will provide social, immersive experiences of live NBA basketball using its Meta Quest headset. In virtual reality (VR), Meta is entering the world of live sports. On its Meta Quest headset, the company will offer more than…
Through the sale of retail products and a deeper commercial relationship with the entertainment industry, NFT creators want to reach a larger audience and generate more revenue. According to The Financial Times, the shift in strategy takes place in the midst of revenue losses brought on by the overall decline in the cryptocurrency market as…
