Shiba Inu has a new use case — Buying land in SHIB: The Metaverse

Holders of the popular memecoin Shiba Inu (SHIB), will now be able to use the cryptocurrency to purchase land in the Shiba metaverse.  On Wednesday, the Shiba Inu team took to Twitter to reveal that the SHIB token could now be used to mint parcels of land in the recently unveiled virtual reality project “SHIB: The Metaverse.” There are 100,595 […]

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New crypto litigation tracker highlights 300 cases from SafeMoon to Pepe the Frog

A new crypto litigation tracker from commercial law firm Morrison Cohen LLP shows details of more than 300 active and settled court cases since 2013. Morrison Cohen is a New York-based firm that caters to large financial institutions, entrepreneurs and early-growth stage companies, and specializes in capital markets, business litigation, real estate and bankruptcy to name a few. The company […]

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Nifty News: Louis Vuitton and Johnnie Walker dabble in Web3

This week’s Nifty News sees the arrival of Louis Vuitton to the nonfungible token (NFT) gaming scene, Johnnie Walker’s entry into Web3 and Elon Musk’s apparent embrace of Bored Ape Yacht Club. Louis Vuitton makes its mark in the NFT gaming scene To commemorate Louis Vuitton’s bicentennial birthday in late 2021, the French luxury brand launched a NFT game called “Louis: […]

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Teacher Deon Wessel Loses a Lot of Money to Crypto Thieves

Students are working hard to raise awareness of the growing world of crypto fraud after their teacher was scammed out of $5,000. Deon Wessel was ultimately looking for ways to fund his eventual retirement and came across a crypto scheme that sounded like cash in the bag. Unfortunately, it looks like the scheme has done nothing but empty his pockets […]

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Wealth Manager VanEck Ventures Into Community-Based NFTs

NFTs continue to catch the interest of corporations. The new technology is poised to revolutionize how digital communities are built. Global fund manager VanEck revealed that the firm would be giving out 1000 NFTs. A Case For NFT Utility In a tweet on Monday, VanEck notified its followers that it was launching its NFT Community. The tweet read, “It’s here! […]

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From within: Dubai's virtual asset regulator plans to open HQ in metaverse

The Dubai Virtual Asset Regulatory Authority, or VARA, has purchased land in the virtual reality world The Sandbox (SAND) as part of its plans to set up a metaverse headquarters. In a Tuesday announcement from Emirates news agency WAM, VARA said the metaverse entry was aimed at facilitating “collaborative engagement” between virtual asset service providers, international regulatory authorities, and industry […]

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Public Testnet for Cardano-Powered Cecentralized Algorithmic Stablecoin Djed Goes Live

On Wednesday (May 4), FinTech startup COTI Group announced that the public testnet version of algorithmic stablecoin Djed (which is built on Cardano) is now available. What Is Djed? On Sunday (September 26), day two of the two-day Cardano Summit 2021, IO Global (IOG), the blockchain technology firm responsible for the development of Cardano ($ADA), and FinTech startup COTI Group, unveiled Djed, a new algorithmic stablecoin […]

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Polkadot launches cross-chain messaging system to solve blockchain’s bridge problem

Blockchain platform Polkadot has launched a new cross-chain communications protocol, saying it will do away with cumbersome bridging mechanisms that have cost the crypto industry billions in cyber attacks.  The newly launched XCM messaging system is intended to promote Polkadot’s multichain ecosystem, which is being built on the premise of full interoperability. XCM channels are said to be secured at […]

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