WeChat, China’s Biggest Messaging App, Suspends NFT Accounts
WeChat, Tencent’s social messaging app, has suspended some accounts linked to so-called non-fungible tokens (NFTs) and clarified the rules surrounding them. Essentially, NFTs are digital art tokens, which have become extremely popular with some achieving multimillion-dollar prices. They are usually based on an Ethereum blockchain platform, which is paid for in cryptocurrency. China, on the […]
Blockchain Metaverse Marketplace Lootex Raises $9m
In an announcement today, Lootex announced it had raised $9 million to build a metaverse marketplace allowing game players to trade and buy items across multiple blockchains. Spartan Capital, Infinity Ventures Crypto, LD Capital and Akatsuki led the round. Other participants included Polygon Studio, HTC, Huobi Ventures, and Morningstar Ventures, among others. In statements from […]
Coinbase is Creating a new NFT Marketplace
Coinbase, one of the world’s largest cryptocurrency exchanges, announced Tuesday (Oct. 12) that it will soon launch a marketplace for non-fungible tokens (NFTs), allowing users to take their coins and trade them, according to a CNBC report. In a blog post, the company announced that users can sign up for a waitlist to receive early […]