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CyberKongz, the digital asset company behind the blue-chip CyberKongz non-fungible token collection, has announced plans to launch its utility token dubbed “$KONG.” The now highly anticipated non-fungible token coin will represent the CyberKongz and the non-fungible token culture. In this article, we shall discuss this now much-anticipated non-fungible token in detail. CyberKongz Introduces $KONG NFT Coin In an August 19 blog post, the CyberKongz NFT team confirmed that it has introduced its utility token called $KONG. This newly launched non-fungible token coin will represent the CyberKongz and non-fungible token culture. $KONG will replace the existing $Banana NFT token. $Banana is a utility token within the CyberKongz NFT ecosystem. This token was not launched as an investment and has no intrinsic economic value, but it powers various in-game mechanics and interactions within the CyberKongz NFT world. $KONG is the brand liquidity layer representing CyberKongz, allowin...

Milady Maker, one of the most popular non-fungible token projects, has seen a sharp spike in trading sales volume, becoming the second most-selling non-fungible token collection in the NFT market. It is now exchanging hands just a few steps behind Pudgy Penguins, another popular NFT collection making waves this week. In this article, we shall explore factors fueling Milady Maker’s growth. Milady Maker Pumps +200% In Daily NFT Sales Volume Data compiled by cryptoslam.io, a renowned crypto market data aggregator and an on-chain non-fungible token explorer, shows that the Milady Maker has skyrocketed in its trading sales volume. In the past 24 hours, the Milady Maker NFT collection has raised a trading sales volume of $1.6 million. During this time, Milady Maker NFT trading sales volume has surged over 236% from the previous day. Source: cryptoslam.io, Top-selling NFTs by volume In the past 24 hours Launched in August 2021, Milady Maker is a non-fungible token collection fro...

Non-fungible tokens are gradually gaining traction in the crypto market, but this time around, they are cheaper and more affordable than many traders could expect. The global non-fungible token market has slightly increased in trading sales volume this week, breaking its recent negative trend that held trading sales volume below $100 million for the past several weeks. NFT Sales Jump 3% This Week Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer backed by crypto billionaire Mark Cuban, indicates that the global non-fungible token market has recorded some positive growth again this week. In the past seven days, the global NFT market has attracted a trading sales volume of $82 million, representing a 3.09 % increase from the past week. During this period, the number of investors buying non-fungible token collections has increased this week. In the past seven days, the global NFT market has seen 220,000 cryp...

The pop-up nonfungible token store, co-sponsored by Weirdo Ghost Gang, will run until the end of the year. Dairy Queen is partnering with local nonfungible token project Weirdo Ghost Gang (WGG) to create a pop-up NFT store in Chengdu, China. According to a press release seen by Cointelegraph, the “Ice and Snow Season” themed pop-up store is scheduled to run from Nov. 15 to Dec. 31 and will feature a variety of co-branded merchandise, such as a Dairy Queen-WGG themed ice cream. In addition, WGG NFT holders will receive exclusive perks as part of the joint venture. The project has a large following among users in the Asia-Pacific region. The Chunxi Road in Chengdu where the Dairy Queen-WGG NFT store will open. (Source: Wikipedia) “Beyond merely showcasing Dairy Queen’s ongoing efforts in new media digital marketing, this collaboration also serves to offer consumers a more nuanced understanding of the NFT art IP, WGG, resulting in enhanced experiences and connections,” the release sta...

Sixteen startups selected from over 1000 applications will present their projects to a global audience. Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups. Selected from over 1000 start up applications, the 16 participants of the second cohort of the Cointelegraph Accelerator program represent a wide array of Web3 verticals, including decentralized finance (DeFi), fintech, wallets, entertainment, social, and GameFi. By joining Cointelegraph’s accelerator program, Web3 startups will get marketing strategy expertise, access to Cointelegraph media products, and mentorship programs with industry experts on key start-up development topics, including token design, fundraising, legal frameworks, liquidity management, security, etc. The participants will also benefit from access to Cointelegraph’s broad network of investors, foundations...

In today’s digital age, Non-Fungible Tokens ( NFT s) have emerged as a groundbreaking technology, revolutionizing how we perceive and exchange digital assets. NFT s have gained tremendous popularity in recent years, offering unique opportunities for artists, content creators, and investors alike.    UNDERSTANDING NFTS  Before we dive into the details of  NFT  development services, let’s briefly understand what NFT s are. NFT s are digital tokens built on blockchain technology, representing ownership or proof of authenticity of a unique digital asset, such as artwork, music, videos, or even virtual real estate. Unlike cryptocurrencies, each NFT is distinct and cannot be exchanged on a like-for-like basis. THE IMPORTANCE OF NFT DEVELOPMENT SERVICES  NFT development services play a crucial role in the creation, deployment, and management of NFTs. These services provide the necessary technical expertise and infrastructure to facilitate the seamless integration of digital assets with ...

Dive deep into Ethereum’s 2023 market journey, focusing on its NFT dynamics, pivotal metrics, and the emerging world of spot ETFs. In 2022, the crypto world witnessed an unexpected downturn, with Ethereum (ETH) facing a sharp 68% decline in value.  Although 2023 brought a glimmer of hope, with ETH clawing back nearly 35% of its losses amidst a market-wide resurgence, its price of $1,620 as of Oct. 20 still pales in comparison to its once lofty highs.  Ethereum has also grappled with a series of challenges recently, dampening its once meteoric rise. A testament to its struggles is the drastic dip in ETH’s total value locked (TVL) — plummeting from a whopping $108 billion in November 2021 to a mere $20 billion by October, marking an almost 82% drop.  Let’s delve into the dynamics surrounding Ethereum and try to understand the current market sentiments, key metrics, and insights into what lies ahead for this crypto. Declining NFT market In Jan. 2023, Ethe...

Nathaniel Chastain, a former product manager at NFT marketplace OpenSea, has opted to begin his three-month prison term for insider trading. On Sept. 6, the legal representatives of Nathaniel Chastain submitted a letter to a New York District Court, notifying the judge that Chastain has chosen to retract his bail application while the appeal is ongoing . As per the court’s earlier verdict, he will willingly surrender himself by Nov. 2 to start serving his sentence while the appeal is being reviewed. Earlier in May, Chastain was convicted of wire fraud and money laundering, marking the first insider trading case in the NFT sector. The former OpenSea executive was charged with exploiting confidential data to earn substantial profits by purchasing NFTs shortly before they were featured on OpenSea’s homepage, where their value would surge instantly. Chastain allegedly capitalized on this inside information, selling the NFTs at a higher price once their value escalated,...

Flipside Crypto co-founder and CEO Dave Balter stated the NFTs will save users the trouble of having to “manage nodes, complex data pipelines or petabyte-scale databases.” Blockchain analytics firm Flipside Crypto has launched an online Software Development Kit called ShroomDK, which is based on nonfungible tokens (NFTs) and provides an automated means to pull “comprehensive” blockchain data via software. Being NFT-based enables the SDK to be on-sold or upgraded more easily, according to the company. Co-founder Jim Myers said that the ability to query Blockchain Data from multiple chains in an automated (programmatic) fashion has been a “critical piece of missing infrastructure for blockchain developers and analysts.” Software-as-a-Service, or SaaS, refers to software delivered over the web instead of locally on machines. An SDK generally refers to a kit of software-building tools to create applications for specific devices or operating systems. The tokenized SaaS SDKs from Flipsid...

Crypto’s inclusion at non-web3-focused events indicates a growing interest in the blockchain’s applications beyond finance. Crypto conferences have continued to take the world by storm, being the epicentre for revolutionary concepts, gathering places for headline speakers, and entertainment for the wider population, with side events featuring the world's most-known celebrities. With so much attention being drawn to these events, many organizations have recognized their impact in not only promoting Cryptocurrencies themselves but also in demonstrating the asset’s utility in other industries. Consider some examples. In the most recent 2022 Grammys, the world saw a prestigious music award ceremony also become the location of thought-provoking discussions on NFTs. Not to mention, The World Economic Forum's Davos event ended up focusing on the power of blockchain and Web3.0. Taken together, events like these prove that those beyond the crypto community care about what the blockchai...

As part of the deal, Square Enix will develop games on Oasys’ PoS network, joining the likes of Sega, Double Jump, Bandai Namco and Ubisoft. Square Enix, the Japanese game developer behind the beloved Final Fantasy franchise, has signed on as a node validator for blockchain gaming project Oasys, with the duo also teaming up to create blockchain games. The move has predictably been met with criticism from some crypto- and NFT-hating members of the gaming community, irritated that the firm is continuing to double down its focus on blockchain tech. In a Monday announcement, Oasys revealed that Square Enix had jumped on board to be the project’s 21st node validator, taking up the final slot of initial validators. Moving forward, the duo will also team up to develop new games on Oasys’ EVM compatible proof-of-stake (PoS) blockchain, which hopes to become a hub for Triple-A quality games with play-to-earn (P2E) integrations. Square Enix joins a host of big names in gaming to partner with O...

AC Milan partners with Solana blockchain-based football game MonkeyLeague, while Pixelmon attempts a comeback after poor reception to its NFT collection in February. American retail giant Walmart has taken its first steps into the Metaverse with the launch of Walmart Land and Walmart's Universe of Play on Roblox. According to the company's Monday announcement, Walmart Land focuses on "immersive experiences" with key Features including a physics-defying Ferris wheel, unlockable tokens and badges, an interactive piano walkway and a D.J. booth for users. See Walmart like never before Walmart Land is our new world on #ROBLOX with fun & games for all. From film to fashion — whatever you’re into, let’s have some fun with it. Come for the inspo, stay for the verch & live performances. Let’s go! https://t.co/leZ4CITCjN pic.twitter.com/4r26MHHk5i — Walmart (@Walmart) September 26, 2022 Products from Lottie London, Bubble, UOMA by Sharon C and other brands will als...

Trump NFT prices spiked after the former U.S. president’s mugshot in police custody was released. ​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, the United States Securities and Exchange Commission (SEC) registered its first un registered securities sales claim against nonfungible token (NFT) offerings. An OpenSea manager accused of insider trading was sentenced to three months in prison and fined $50,000, and Trump NFT prices shot up after the former U.S. president’s mugshot went viral . SEC charges podcaster in first unregistered securities sales claim against NFT offering The SEC has charged a media and entertainment company with conducting un registered securities sales when it sold NFTs to investors between October and December 20...

A Crucial Step Toward Implementation In the dynamic world of blockchain, decisions are often made through a decentralized voting mechanism. As such, XRPL’s voting system, the Unique Node List (UNL) is a critical component of the XRPL’s consensus mechanism. advertisement The vote to apply the new amendment to XRPL reached a consensus of 80% voting so far, according to XRP Scan . This accomplishment is a crucial step toward implementing the upcoming amendments. XRPcafe noted that the UNL vote must now maintain this 80% majority for a span of two weeks for the amendments to be fully accepted. This procedure guarantees that proposed changes are thoroughly reviewed and align with the collective interests of the XRPL community and stakeholders. Such a democratic approach to decision-making demonstrates the XRPL’s dedication to transparency and inclusivity. The Broader Implications These amendments scheduled to take effect on August 21, 2023, showcas...