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Tag: NFT

  • Papa Johns Enters NFT with 19,840 Tokens

    A pizza delivery administration Papa John’s (PZZA) plans to offer roughly 20,000 non-fungible tokens (NFT) to clients in the United Kingdom, notwithstanding an admonition from the nation’s promoting controller over its crypto exercises.

    Tezos has delivered an assortment of 19,840 NFTs looking like nine changed pizza conveyance hot pack plans.
    Toward the beginning of March, the NFTs will be dropped on various events.

    This isn’t Papa John’s initial journey into Bitcoin and blockchain innovation. Last year, the take-out organization presented a proposal in which clients who spent more than £30 ($39) could win £10 ($13) in Bitcoin (BTC).

    The mission was judged “unreliable” by the UK Advertising Standards Authority since it “exploited shoppers’ freshness or suspicion and minimized Bitcoin contributing.” The mission’s promotions were subsequently brought somewhere near the pizza café.

    The NFT Hot Bags were planned by proficient NFT originator Tom Hoff, situated in Spain, and craftsman Ash Sketch, situated in London’s Central Saint Martins, who both took motivation from the conveyance driver hot pack and Atomic and Highlight’s 2021 Papa X Cheddar crusade.

    With its own streetwear line, Papa X Cheddar raised one of the world’s beloved cheeses, Cheddar, to design unmistakable quality. Depop, the global style commercial center, sold a select scope of upcycled conveyance driver uniform pieces of clothing and extras.

    Tezos, an energy-productive blockchain, was utilized to make Papa Johns NFT Hot Bags, which suggests the NFTs are additionally energy-proficient.

    The NFT packs will be accessible on an assortment of drop dates toward the beginning of March, with an aggregate of 19,840 being motivated continuously Papa Johns was framed in 1984. The NFT giveaway will be connected to the acquisition of a pizza outside of the UK.

    Because of the notorious occasion of an early Bitcoin client burning through 10,000 BTC on two Papa John’s pizzas in 2010, Papa John’s has had a long-standing relationship with cryptographic forms of money. At the present estimate, Bitcoin, which was valued at $41 at that point, would be worth about $400 million.

  • Lion Group Holding Ltd. (LGHL) Stock on the Rise Following Launch of Meta World NFT Online Marketplace

    Lion Group Holding Ltd. (LGHL) stock prices were up 2.48% shortly after market trading commenced on July 26th, 2021, bringing the price per share up USD$2.11 early on in the trading day.

    Launch of Meta World

    July 23rd, 2021 saw LGHL announce the launch of its subsidiary, Lion NFT Ltd.’s, non-fungible token market platform, known as Meta World. The NFT market platform will be available online before the end of July 2021. LGHL stock’s subsidiary is registered in the British Virgin Islands and conducts the bulk of its business via investments and innovations in digital assets. The parent company holds an MSB license through the U.S Treasury Department’s FinCEN., as well as an encrypted commodity operating license through the DMCC.

    LGHL Stock’s Foray into NFTs

    Leveraging these resources, Lion Group Holding Ltd. (LGHL) is poised to facilitate the provision of services such as digital asset exchange, NFT innovation, issuance, and trading on a global scale. LGHL stock’s platform is being designed to become the world’s top one-stop, cross-chain, high-expansion NFT marketplace. It will allow users to connect and trade with digital currency, as well as a digital wallet that will be linked the platform and will be accessible upon login.

    Comprehensive NFT Solution

    The new platform establishes a complete industry chain ranging from exploration and creation to pricing, buying, and selling. The platform will make use of blockchain technology to encrypt artwork such as photographs, videos, audios, and 3D pieces, while also generating relevant information that will facilitate the production of NFTs. Meta World will serve to create a foundation for an efficient digital world with the promotion of the value circulation of global resources.

    Set to Revolutionize Markets

    NFTs see illiquid digital works of art being made available to the public as valuable and investable digital collections. With the proliferation of additional NFT applications, LGHL stock’s platform will become a critical part of the digital transformation of various industries. With the global encryption economy developing rapidly, Lion Group Holding Ltd. (LGHL) is poised to capitalize on the burgeoning market with its NFT platform.

    Future Outlook for LGHL Stock

    Armed with its exciting foray into the massively expanding NFT market, LGHL stock is poised to capitalize on the added opportunities ahead of it. The company is striving to continue its trajectory of success with the efficient allocation of its resources, which investors hope will result in long-term increases in shareholder value.

  • The OLB Group, Inc (OLB) Stock Surges Ahead of Announcement that SecurePay Will Support NFTs

    The OLB Group, Inc (OLB) stock prices were up by an impressive 7.27% shortly after market trading commenced on June 23rd, 2021, bringing the price per share up to USD$5.31 early on in the trading day.

    SecurePay Supports NFTs

    June 23rd, 2021 saw the company announce that its SecurePay payment gateway would facilitate the transfer or sale of digits assets using non-fungible token (NFT) technology. The NFT technology is founded on the Ethereum platform, which is responsible for token generation and redemption, transfer of registered ownership, and associations with assets.

    Fraud Prevention

    The explosive proliferation of digital ticketing over the past year has emphasized the need to address secure ways to buy and sell these digital properties. Of crucial importance is that this be done without the risk of fraud that is associated with the replication of QR codes or barcodes, particularly on the sale of Peer-to-Peer transaction. The transfer of ownership when an NFT is associated with a digital ticket or asset is assured through a blockchain ledger. This prevents the same ticket from being sold multiple times, which, unfortunately, happens quite often.

    Scope of SecurePay

    The secure NFT process that has been put in place by OLB is designed to work seamlessly with a myriad of payment processing options of SecurePay. This gives both buyers and sellers unmatched flexibility in funding sources. SecurePay works with several major digital wallets including Apple Pay, Google Pay, crypto wallets, PayPal, and traditional credit cards. Smart contracts are used by NFT functions to facilitate the easy exchange of funds and appropriate management of terms and conditions of sale.

    Utility of NFTs

    While NFTs are most often associated with art and transactions of collectibles, the way they work is ideal for the sale or transfer of any digital asset, regardless of the dollar value. The company is dedicated to providing solutions that benefit all the parties involved in flexible and secure buying and selling. NFTs are the latest addition to the portfolio of service that the company believes will be effective in the fight against digital asset fraud.

    Future Outlook for OLB

    Armed with its foray into the burgeoning NFT market space, OLB is poised to continue its trajectory of success. The company is keen to expand its market footprint in the blockchain space, thereby ushering in unprecedented growth. Current and potential investors are hopeful that management will leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • NFT market thriving amidst crypto crash

    As the cryptocurrency market boomed during the beginning of the year and subsequently, a newer segment also rose to prominence – NFTs. Non-fungible tokens cannot be interchanged for something else – unlike fungible assets like money. NFTs have exploded alongside the cryptocurrency market as they have become a medium for collectibles and artworks. NFTs represent collectables or artworks and often sell in as high as millions of dollars but the buyer will not receive any tangible asset; instead, they will receive a digital token representing the said asset. In essence, NFTs are digital certificates of ownership.

    While the cryptocurrency market crashed, the NFT market was thriving, a report by DappRadar revealed. The decentralized app marketplace reported that NFT sales have risen nearly 300% from January to May. The sales averaged at 21,815 per day in January while the sales stand at 82,373 in May. The sales began surging even more as the cryptocurrency market crashed.

    However, the value of sales have taken a hit amidst the market crash. During the beginning of May, daily sales averaged at a value of $14.9 million but the figure drastically dropped to $6 million per day as the crypto market plummeted.

    However, the NFT market is regarded as nothing but a bubble. There have been quite a few sceptics of NFT technology and the idea of buying just an ownership certificate which also, oftentimes, does not give copyright ownership has been called downright absurd. There are two sides of the story and where critics believe NFTs to be nothing but a money-hoarding scam, others do believe in the technology and how it has the potential to become the future in a digitized world.

  • US Postal Service In On The NFT Frenzy

    US Postal Service In On The NFT Frenzy

    The United States Postal Service has announced its entry into the NFT sphere but not to sell artwork but rather to help customers purchase postage. CaseMail, a communication platform, has been certified by the US Postal Services to be the first block chain generated epostage. CaseMail’s NFT postage are now eligible for use in the United States. The tokens will be digitally stamped by USPS’ epostage.

    CaseMail CEO and Founder, Joe Ruiz, stated this hallmark moment may help “demystify” the non-fungible tokens’ technology for the masses – which may help accelerate the acceptance of NFTs and cryptocurrencies, in general. The United States Postal Service reported revenues worth $73.1 billion – indicating the availability of NFT to a massive userbase.

    CaseMail has decided to offer the postage tokens to legal professionals and government agencies. In the second quarter, plans are set to enable the use of the tokens for the larger public as well through partnerships with service providers to consumers and businesses. The whole market is set to be captured. CaseMail is just one example of the block chain technology’s real-world use. Because of the bull run, increasingly more attention is being paid to the cryptocurrency world and its technology with many firms getting into the market to discover and explore real-world uses of the technology for different industries.

  • NFT frenzy not cooling down: New players in market

    NFT frenzy not cooling down: New players in market

    The technology of non-fungible tokens has revolutionized the creation of content. It enables artists to crowdfund their projects through tokenization before their creation. NFTs are, primarily, representations of tangible or non-tangible objects like digital art, collectables etc. The pandemic has served as a big push towards technology as more and more people went online to sought entertainment.

    NFT is becoming an increasingly popular segment of the cryptocurrency world because of the realm of unlimited possibilities it provides. From celebrities like Paris Hilton & Lindsay Lohan jumping in on the NFT craze to heritage brands, everyone wants a piece of the novel technology.

    Gucci, the women’s luxury brand, has also confirmed its intentions of diving into the NFT world in order to appeal to the younger audience more. Another key player, Playboy – an American men’s lifestyle brand – has announced a partnership with Nifty Gateway to enter the NFT world.

    Saturday Night Live (SNL) sold a skit by the title of “What the hell’s an NFT?” for around $360,000 with all the proceeds going to charity aimed at reducing hate crimes against Asians and Pacific Islanders.

    With the NFT craze reaching new highs, some skepticism has also been brewing. Peter Wood, CEO of a UK-based crypto trading platform, confirmed the suspicions of the NFT frenzy being a bubble. However, Wood believes the technology of NFTs is solid and like the 2018 bull run, NFTs are going to rise again stronger.

  • Celebrities jumping on the NFT bandwagon: Paris Hilton & her NFT enthusiasm

    Celebrities jumping on the NFT bandwagon: Paris Hilton & her NFT enthusiasm

    Paris Hilton had been one of the most vocal celebrity figures when it comes to cryptocurrencies. The entrepreneur cum socialite is bullish on the crypto market. Paris Hilton dropped a blog on her Twitter handle titled “I’m Excited about NFTs – You Should Be Too”. In the detailed blogpost, Hilton went on about how NFTs enables, innovates and empowers. The businesswoman further teased the audience with her upcoming NFT project and chose to not disclose any details.

    Hilton also delved into the NFT world more deeply starting from what non-fungible tokens are to the value they can add to artists and the unlimited opportunities that lie ahead in the NFT sphere. Per the actress/model, NFT’s are “the future of the creator economy”.

    This is not the first time Hilton has vocalized her enthusiasm about the crypto sphere. In an interview with CNBC, Paris Hilton called Bitcoin “the future”. The heiress showed her enthusiasm and excitement about cryptocurrencies and confirmed that she has been in the sphere for quite a while. Hilton has also changed her profile picture to laser eyes which depicts her expectations of Bitcoin crossing $100,000.

    Hilton has been an avid support of Justin Sun and his Tron cryptocurrency. In a reply to a tweet by the Tron founder, the Hilton heiress talked about another dive into the NFT world after her first NFT launch last year which won the NFT Charity Award. She also hinted towards launching her NFT on the Tron block chain – asking Justin Sun to be ready.

  • Cryptocurrencies on the rise in India: Launch of NFT marketplace

    India, the second most populous country, has been fighting for cryptocurrencies. The merging market has a gigantic gross product of $2.8 trillion and has the potential to become a true economic power. Unlocking the world of cryptocurrency to the huge population will mean extraordinary things for the cryptocurrency market.

    There has been a rampant increase in the demand for cryptocurrencies in India by Twitter users with the IndiaWantsCrypto hashtag having been trending quite a few times. WazirX – India’s largest crypto trading platform – has been showing phenomenal performance which is indicative of the rise in the popularity of cryptocurrencies in the country. The platform crossed $240 million in daily trading volume which is the highest recorded by any exchange in India.

    Launch Of NFT Marketplace In India

    The development team of the largest crypto trading platform, WazirX, has announced the launch of a NFT marketplace as well.

    NFT Marketplace tweet

    The Indian government has been wary of the cryptocurrencies and heated debates have ensued on the merits of banning cryptocurrencies. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 proposed by the Reserve Bank of India extensively plans out the regulation of digital currencies while banning private coins entirely.

    Read More: Bitcoin (BTC) to overtake gold soon?

    Regulators throughout the world are confused about navigating through the tricky waters of the crypto world but seeing the interest of the masses. The growth potential of the fin-tech sector cannot be ignored by Indian regulators and, of course, the public interest.

  • million inflow into NFT marketplace Zora

    $8 million inflow into NFT marketplace Zora

    Zora is a marketplace for limited-edition goods. The marketplace utilized non-fungible tokens (NFTS) to launch the limited-edition items. NFTs allow the price to be dynamic – determined by the demand and supply of the item. Products go on sale before they are even ready to be shipped. Moreover, fractional trading enables users to speculate on the value of a product.

    The NFT market has been in a boom with every day celebrities, singers and other famous figures jumping in on the NFT bandwagon. Marketplaces, like Zora, are reporting phenomenal levels of funding and sales.

    According to documents from the US Securities & Exchange commission, Zora has been able to secure $8 million in fundings. In October 2020, Zora was able to secure $2 million in a seeding round. It is unclear, at the moment, whether or not the seed round funding is included in the SEC documents or not. Nonetheless, it portrays a vivid picture of the capital inflows to NFT marketplaces.

    The booming ecosystem of NFTs is hinting towards the NFTs dominating the ecommerce sphere in the near future.