NFT News Daily Today TheBitTimes.com

Pond0x reported that its DEX reached $100 million in cumulative volume, citing a Dune dashboard as evidence. The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a September 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when the coin turned out to have a transfer function that allowed anyone to transfer it without the owner's permission. But supporters claim these losses were not the fault of the developer. $108,000,000 Trade Volume And counting. What comes next…? pic.twitter.com/lpetFqJAkq — Pond Coin (@Pond0x) September 28, 2023 As evidence for Pond0X DEX’s trading volume , the official channel cited a Dune dashboard created by user mogie, which shows over $111 million in all-time trading volume as of September 29. Total volume metric for Pond0X. Source: @mogie Dune channel The PNDX token launched on July 28. At the tim...

The decentralized social media app friend.tech has been making it to the headlines yet again after recently being pronounced dead by community members. Earlier this week, the value locked on the protocol surpassed $20 million. However, at press time, the number was hovering around its newly created peak of $32.64 million. Source: DeFilLlama Also Read: NFTs: Stoner Cats Price Up 267% Despite SEC Cha rges Will friend.tech Be Able to Compete With X? As analyzed in a recent article, the trading volume on Fried.tech was seen picking up pace. In fact, the NFT trade volume on the Ethereum blockchain was $3 million less when compared to the friend.tech volume. The Director of Research at PROOF Collective recently pointed out that the decentralized social media platform has paid creators $1,100,000 in a span of merely 36 hours. This figure was substantially higher than the amount handed out by Ethereum NFT platforms to their creators [140,000]. On the thread, the e X ecutive went on to a...

NFTs have taken a massive hit since the 2021 bull market, but some experts say they could make a comeback. Nonfungible tokens (NFTs) saw a massive surge in popularity in 2021, accompanied by sky-high prices, but the market has since come crashing back to earth, and it’s unclear whether there will be a resurgence .  NFTs are unique digital tokens recorded on a blockchain to certify ownership and authenticity. They can’t be copied or substituted but can be transferred and sold by their owner. According to analytics platform NFTGo, the NFT market cap valued in Ether (ETH) is down 40.59% over the past year at the time of writing, with trading volume down 40.81%. The market cap in U.S. dollars is down 41.16%, and its volume has dropped 66.77%. At the same time, market sentiment is ranked 13 out of 100, with an overall rating of “cold.” The NFT market has fallen even further in the latter half of 2023. Source: NFTGo Arno Bauer, senior solution architect at BNB Chain, told Cointelegraph ...

The fervor around non-fungible tokens [NFT] has been raging since 2021. While some continue to embrace this trend, a few others seem to have gotten past it. Prominent firms, however, have continued exploring the NFT space. Disney NFTs are likely to expand their reach sooner than later. The Walt Disney Company revealed that it was looking to onboard more legal help around the same. As per a recent listing on the Disney careers website, the mass media giant intends to hire an “experienced corporate attorney.” It should be noted that this wasn’t limited to the NFT market alone. The attorney is expected to oversee “ emerging technologies ” like the metaverse . blockchain as well as decentralized finance or DeFi. JUST IN: Disney is hiring an attorney to work on blockchain, metaverse, DeFi, & #NFT products. — Watcher.Guru (@WatcherGuru) September 26, 2022 Elaborating on the responsibilities that come with the job, the Walt Disney Compan...

Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs. Yuga Labs, creators of Bored Ape Yacht Club (BAYC), has acquired 10KTF — the nonfungible token (NFT) game founded by digital artist Michael Winkelmann, also known as Beeple. 10KTF is a browser-based NFT game that allows players to outfit heroes with crafted items and load-outs in order to complete missions. Missions reward players with APE coins, badges, materials and free airdrops. The game also intends to include many items that could be worn by an avatar in the future; pairs of socks and backpacks are popular items from the game’s collection. Until now, fans have been left to wonder what Metaverse platform will feature these items. Now that the acquisition has been announced, some fans have begun to speculate that 10KTF items may become wearable within Yuga Labs’ as-yet-unreleased Otherside metaverse ecosystem. A thread published on the 10KTF official Twitter channel on Nov. ...

The football club has been keen on creating nonfungible token collections for much of the past year. Spanish football club FC Barcelona has secured a €120 million ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative Barça Vision. According to the Aug. 11 announcement, FC Barcelona sold a 29.5% stake in Bridgeburg Invest, the holding company for Barça Vision, in exchange for the capital. "Barça Vision is the Club's initiative to integrate all digital content around Web3 and blockchain including nonfungible tokens (NFTs) and metaverse, which are part of the Club's strategy to build the digital Espai Barça," developers wrote. Libero is a publicly listed company in Germany consulting football clubs on financial matters. Nipa Capital is a venture capital firm domiciled in the Netherlands. The transaction is subject to the approval of FC Barcelona shareholders and is expected to close in Q4 2023. Since February 2020, F...

The experience is designed for everyone, but Puma Pass holders gain access to exclusive perks. On June 13, German footwear conglomerate Puma launched its 3D metaverse experience , Black Station. As told by developers, Black Station is an “experiential home” for product drops built to provide “unbridled access” for Puma Pass nonfungible token (NFT) holders. The firm says that the experience is for everyone to explore, but only those possessing RB tokens airdropped to Puma Pass holders can purchase a digital "Rulebreaker” sneaker and claim two digital wearables. At the time of publication, RB tokens currently have a price tag of 0.0125 Ether (ETH). Developers wrote: “If you do not own an RB token there is still so much to explore. Unkai, our city in the clouds, and Unter, our exhilarating club below, both are filled with mysteries to explore and collect." Holders of the RB token can burn it from June 13-20 on Black Station, granting their parent wallet access to various pro...

The mixed martial arts organization, Professional Fighters League, will use NFT tickets, becoming the latest sports body to explore the Web3 ticketing functionality. Nonfungible tokens (NFTs) use case as a ticketing solution continues to grow as the mixed martial arts organization, Professional Fighters League (PFL), adopts the technology. The PFL, which Features a season format that differs from the massively popular Ultimate Fighting Championship, has partnered with Web3 firm CrossTower to roll out NFT ticket s powered by Ripple’s XRP Ledger. The launch of the ticket s will coincide with the start of the 2023 fighting season and marks the fifth year since the PFL began. An announcement shared with Cointelegraph highlighted many exclusive add-ons included in the NFT VIP tickets, including cage-side seating, attendance of pre-fight weigh-ins, meet and greets with fighters from the PFL, ring walk experiences and more. Related: Beyond collectibles: How NFTs are revamping the ticket in...

Borrowing positions automatically roll their expiry, and can be refinanced should one party unilaterally decide to terminate. On May 1, nonfungible tokens marketplace Blur launched Blend, a peer-to-peer perpetual lending protocol that supports NFT collateral. Developed with venture capital firm Paradigm, developers cite Blend's rationale as a means of "financialization to scale." 4/ Every trillion dollar market relies on financialization to scale. NFTs are no different. Instead of paying $1m for a house, buyers put $100k down and pay the rest through their mortgage. Without this mechanism, almost no one would be able to afford homes. pic.twitter.com/4J96G3pGnJ — Blur (@blur_io) May 1, 2023 Blend has neither oracle dependencies nor expiries, allowing borrowing positions to open indefinitely until terminated. Developers also claim that the protocol would collect zero fees from borrowers and lenders: "Blend matches users who want to borrow against their nonfungi...