Virtual real estate sells for record $2.4m in Decentraland metaverse

Metaverse

A piece of virtual real estate from the online world Decentraland has sold for $2.4 million (£1.8m) worth of cryptocurrency.

That’s right. For the sceptics still denouncing the perceived stupidity of NFTs, the emergence of the metaverse as a world of virtual ownership will have such individuals pulling their hair out.

Decentraland is an online virtual world where players can purchase land, explore, create, sell assets, and interact with others.

This sale of...

Gemini raises $400m as Winklevoss twins gear up metaverse plans

Gemini

Gemini, the New York-based cryptocurrency exchange, has raised $400 million (£298m) through growth equity financing led by Morgan Creek Digital.

This is the first time the company has received external financing from other companies, with private equity firm 10T, blockchain investor ParaFi, and even the Commonwealth Bank of Australia getting involved.

Gemini, which was launched by Cameron and Tyler Winklevoss in 2015, now sits at a $7.1 billion (£5.28bn)...

Michael Jackson, Concordium: Bringing blockchain to traditional finance

Michael Jackson

“We’re trying to shoehorn permissionless technology into extremely permissioned environments,” reveals Michael Jackson, advisor to Concordium and former COO of Skype.

Jackson’s take is a breath of fresh air in a blockchain industry that has become bogged down in use cases that are struggling to find their feet. For years, the ideas of supply chain ledger technologies and pharmaceutical blockchains have sat stagnant in the water waiting to be realised.

As the...

Twitter Crypto formed to explore decentralisation on Dorsey’s platform

Twitter Crypto

Twitter Crypto is the name of the social networking giant’s new dedicated team being formed to work with crypto, decentralised apps (Dapps), NFTs, and other ledger technologies.

The latest push by CEO Jack Dorsey to bring digital assets into the mainstream, Twitter has hired Tess Rinearson to lead the team. An experienced software and crypto engineer, Rinearson has worked for Tendermint, Chain.com, and the Interchain...

Official Dalai Lama NFT collection launches for charity

The Dalai Lama

The first official NFT (Non-Fungible Token) collection of the Dalai Lama is launching today to raise money for charity.

The series of 10 NFTs of His Holiness – created by artist Alex Echo and authorised by the office of the Dalai Lama, The Gaden Phodrang Foundation – each has 108 limited editions and will be released over the next 10 weeks exclusively on Hyprr, a new digital art platform.

NFTs are one-of-a-kind assets in the digital world (e.g. images or video) that...

FC Barcelona to launch NFT collection in partnership with Ownix

FC Barcelona

FC Barcelona has partnered with NFT marketplace Ownix to debut a non-fungible token (NFT) collection designed to enhance the digital connection between the club and its fans.

The collection will include historic moments from the club’s 122-year history, including a trophy display of the club’s 95 domestic and international victories.

FC Barcelona has stated: “This alliance between FC Barcelona and Ownix will provide a new way for the Club to reach its followers...

Twitter working on ‘Collectible’ tab for users to showcase their NFTs

Twitter App

Twitter is working on a ‘Collectible’ tab that will allow users to show off their non-fungible token (NFT) collections.

The tab will connect to Twitter users’ crypto wallets on platforms such as Coinbase and MetaMask, hosting a gallery of all owned NFTs on their Twitter profile.

Users will even be able to set an NFT as their profile picture that is verified by a small badge, confirming the token’s legitimacy. An early concept video of the proposed tab was first...

BitTrunks to sell world’s first NFT painted by elephants

BitTrunks Elephant NFT

As if the world of non-fungible tokens (NFTs) couldn’t get any more bizarre, you will soon be able to purchase digital paintings made by elephants.

BitTrunks, the newly formed NFT-branch of Elephant Art Online, will be debuting for auction the world’s first NFT painted by an elephant on OpenSea on 28 October.

The NFT, called the “Tree of Life”, was painted by a seven-year-old elephant named Tunwa at the Maetaeng Elephant Park and Clinic in Chiang Mai,...

Epic Games is “open” to blockchain games according to CEO

Epic Games' Fortnite

Video game publisher Epic Games has said it is “open” to games that feature blockchain technology or support cryptocurrency payments.

The company’s position follows Steam, its main competitor, announcing it would not be allowing games that use cryptocurrency or NFTs on its platform.

Whilst Epic’s CEO Tim Sweeney has said the company will not be supporting or publishing NFT-based games, it has differentiated itself from Steam in showing support for...

French central bank trials CBDC debt market system

Paris, France

The French central bank has completed a pilot of a blockchain-based CBDC designed for the country’s debt market.

The trial was led by Belgian financial services firm Euroclear using a system developed by US tech giant IBM.

After 10 months of testing and participation from more than 500 institutions in France the trial of a CBDC for government bond deals is now over.

BNP Paribas, Crédit Agricole CIB, HSBC and Société Générale were amongst some of the...