NFT News

Two of China’s tech giants have quietly launched their own non-fungible token (NFT) trading platforms in recent weeks – despite the fact that the country’s authorities are currently waging an all-out war on crypto.

The Avalanche Foundation said it has launched Blizzard, an over USD 200m fund dedicated to accelerating development, growth, and innovation across the ecosystem of builders and users of the Avalanche (AVAX) public blockchain "and beyond."

The original Doge meme non-fungible token (NFT), which sold to the NFT collective PleasrDAO in June for 1,696 ethereum (ETH) (USD 4m at the time, more than USD 6m today) will today be available in “billions of pieces” for anyone interested in owning their share of the iconic internet meme.

Technology giant Apple reportedly does not intend to follow Meta (formerly Facebook) and other tech companies in their metaverse push -- instead, the company's "mixed reality" headset will be focused on shorter periods of gaming, communication, and content consumption, according to a reporter.

Chinese government-run firms and local governments are starting to explore metaverse-related innovations – although they are proceeding with due caution, given the fact that the nation last year enacted its most stringent crypto crackdown to date.

“This is the 21st century after all,” AMC chief executive Adam Aron said.

Popular non-fungible token (NFT) collection CryptoPunks has seen a significant increase in sales volume over the past month despite the downturn in the broader NFT market.

Domain and digital identity platform Unstoppable Domains is teaming up with crypto exchange Blockchain.com to launch .blockchain non-fungible token (NFT) domains. Under their plan, 82 million Blockchain.com wallet users will be able to obtain a free .blockchain domain from their wallets "in the coming weeks."

NBA Top Shot, an NFT marketplace for trading NBA moments, is witnessing feverish sales volumes after the platform dropped a new series of digital collectibles.

While the crypto market was still down in double digits from its all-time highs, in January, the non-fungible token (NFT) market increased, even excluding artificial trades, per dapp (decentralized application) information provider DappRadar.