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NFT
What is NFT?
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Latest Updates on NFT
Meta 'winding down' support for NFTs on Facebook, Instagram: Official
Meta will focus on areas where it can make an impact at scale, like messaging and "monetisation opps" for Reels"
 "Meta 'winding down' support for NFTs on Facebook, Instagram: Official")
A marketplace to unlock value for small, unseen interesting films
This ability to unlock the value of small, difficult-to-discover and interesting films is what ProducerBazaar hopes to achieve at scale
 "A marketplace to unlock value for small, unseen interesting films")
Flipkart, Polygon partner to speed up Web3 & Metaverse e-commerce use-cases
To set up Blockchain-e-commerce Centre of Excellence towards this end
 "Flipkart, Polygon partner to speed up Web3 & Metaverse e-commerce use-cases")
Meta to test ways to make & sell NFTs on Instagram to both fans, collectors
Meta has announced to test ways to buy and sell non-fungible tokens (NFTs) to fans and collectors both on and off Instagram
 "Meta to test ways to make & sell NFTs on Instagram to both fans, collectors")
Metaverse in India: The challenge of buying land and painting houses
VR headsets are gradually becoming somewhat accessible, with an Oculus Go priced at Rs 22,000. Several start-up founders say they are also developing software for laptops and mobile devices.
 "Metaverse in India: The challenge of buying land and painting houses")
Sentiment around NFTs drops 14% in companies amid crypto downturn: Report
In Q2 2022, NFTs have been the topic of more debates than ever, although opinions have changed resulting in a decrease in optimism.
 "Sentiment around NFTs drops 14% in companies amid crypto downturn: Report")
NFT owners have zero ownership of their digital arts, says Report
Report mentioned that without improvements in on-chain representation and transfer of intellectual property rights from NFT issuers to NFT token holder, expansive vision of Web3 will remain unrealised
 "NFT owners have zero ownership of their digital arts, says Report")
NFTs have 'fallen off the cliff' as sales, prices plummet in recent weeks
The crypto niche is on course to record its first month with under $1 billion in sales since June 2021, according to data tracker DappRadar
 "NFTs have 'fallen off the cliff' as sales, prices plummet in recent weeks")
India has the third most NFT companies headquartered in the world
While the world of NFTs is still in its infancy, many have been quick to realise the potential of this new digital asset class and the multitude of ways they can be used
Music NFT marketplace FanTiger raises $5.5 mn from Multicon capital, others
FanTiger empowers independent artists to build fan communities on the platform and enable fans to help shape their career using music NFTs
 "Music NFT marketplace FanTiger raises $5.5 mn from Multicon capital, others")
NFTs, Metaverse prices follow crash of cryptos; innovations finding favour
But market is filtering out non-worthy assets
 "NFTs, Metaverse prices follow crash of cryptos; innovations finding favour")
NFT programming start-up Revise raises $3.5 mn in funding led by Alpha Wave
Revise offers developers the rails to program NFTs to interact with apps and data
 "NFT programming start-up Revise raises $3.5 mn in funding led by Alpha Wave")
Crypto firm MoonPay raises $87 mn from Bieber, Sharapova, others
The investments are part of the firm's Series A round, disclosed in November last year, which valued the company at $3.4 billion, MoonPay said
 "Crypto firm MoonPay raises $87 mn from Bieber, Sharapova, others")
Visa enters the world of NFTs, to help digital-first creators
Called the 'Visa Creator Programme', the initiative will help next-generation entrepreneurs understand and use NFTs
 "Visa enters the world of NFTs, to help digital-first creators")
Blockchain project Ronin hit by $615-million crypto heist
This makes it the second-largest crypto theft on record, according to blockchain analysis firm Elliptic
 "Blockchain project Ronin hit by $615-million crypto heist")
NFT of late S P Balasubrahmanyam's last unreleased song to be out on Apr 9
The unreleased track, which is in Tamil, was the last ever devotional track recorded by SPB a few weeks before he passed away in September 2020 following complications due to Covid-19
 "NFT of late S P Balasubrahmanyam's last unreleased song to be out on Apr 9")
Buzz on virtual assets: Crypto industry sees exits ahead of new tax regime
With new rules coming into force in April, several investors are booking profits, rejigging portfolios or moving their virtual assets outside of India
 "Buzz on virtual assets: Crypto industry sees exits ahead of new tax regime")
Startup's fundraise for cricket NFT gets Ronaldo among its backers: Report
An online platform for trading officially-licensed digital cricket collectibles, is raising about $100 million in a new funding round with backers including Cristiano Ronaldo
 "Startup's fundraise for cricket NFT gets Ronaldo among its backers: Report")
Facebook CEO Mark Zuckerberg planning to launch NFTs on Instagram
As NFTs are all the rage these days, Facebook chief executive officer (CEO) Mark Zuckerberg is planning to let Instagram users mint non-fungible tokens (NFTs) on the social media platform
 "Facebook CEO Mark Zuckerberg planning to launch NFTs on Instagram")
From films to weddings, the metaverse is about to change everything
IT services major Tech Mahindra, too, has entered the space with TechMVerse and will offer a metaverse based car dealership and a virtual bank among other things
 "From films to weddings, the metaverse is about to change everything")