NFT

Featured Article

How crypto exchange Backpack climbed its way to success after its major investor FTX died

Backpack’s founders, who are building a crypto exchange and wallet, have experienced strong growth since launching in 2022. But the road wasn’t easy. FTX co-led Backpack’s $20 million strategic investment round in September 2022. Less than two months later, in November 2022, FTX collapsed. “We lost 80% of the operating…

How crypto exchange Backpack climbed its way to success after its major investor FTX died

Starbucks launched Starbucks Odyssey in 2022 as its initial foray into the web3 world.

Starbucks ditches its Odyssey NFT program

Even though NFT sales volume is still down 88% from 2022 all-time highs (and down 38% year-to-date), Pallet Exchange is building a new type of NFT marketplace focused on user…

Former web3 gaming founders raise $2.5M for their NFT marketplace to retain users even when there ‘isn’t money to be made’

Zora, an NFT-based social network platform, is continuing its expansion beyond the crypto-sphere into the hot artificial intelligence market, Dee Goens, the startups’ co-founder, said…

NFT platform Zora is offering a novel way for AI model makers to earn money

The NFT sector has not yet returned to the glory of its 2022 heyday, but that hasn’t stopped the evolution of the tech. For instance, OpenSea has partnered with the…

OpenSea’s partnership with Coachella is a sign that NFTs can be more than profile pictures

NFTs don’t always get taken very seriously, particularly now that AI and content creators are hogging the spotlight, but not everyone is so quick to…

Animoca Brands’ Yat Siu sees NFTs as a way to protect ownership in the age of AI

The NFT space has lost a lot of its sparkle over the past few years, but that hasn’t stopped some founders, investors and projects from trucking along in hopes of…

OpenSea takes the long view by focusing on its UX even as NFT sales remain low

While some brands moved away from web3 in 2023 during a long crypto winter, Puma stayed the course and its head of emerging technology, Ivan Dashkov, told TechCrunch+ it has no…

Why Puma is sticking to its web3 bets as crypto shakes off a long winter

NFTs get a lot of heat, but there’s a widespread belief in the industry that there’s ample value underlying the concept and the various use cases it brings.

Love ’em or hate ’em, NFTs can survive thanks to the communities that drive them

Founders of Rario, the cricket NFT startup in which India’s Dream11 led a $120 million funding round last year, are leaving the two-year-old firm, people familiar with the matter said.…

NFT startup Rario founders to leave a year after $120 million funding

The U.S. Securities and Exchange Commission is suing a non-fungible token project, marking the first time the authority has taken enforcement action against a company for selling unregistered NFTs. Impact…

SEC settles first NFT enforcement case, fines LA media company $6M

Welcome back to Chain Reaction. The NFT space isn’t doing too well right now. It seems like there’s a new project being launched every week,…

Monthly NFT sales fell for fifth consecutive month to $495M in July

Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the…

Magic Eden CEO talks multichain expansion and what’s next for the NFT platform

Welcome back to Chain Reaction, a podcast that unpacks and dives deep into the latest trends, drama and news with some of the biggest names…

Gary Vaynerchuk expects NFTs to expand beyond digital collectibles long term

Critics have long discredited non-fungible tokens as overpriced JPEGs sold by people who want to make quick bucks. NFT believers want to prove them wrong and show that these certificates…

NFT avatar enabler GoodGang has the blessings of Korean giants Kakao and Naver

When an NFT series commemorating the handover of Hong Kong from the U.K. to China generated $260,000 in sales, Artifact Labs, the startup that launched the collection, saw the long-term…

NFT spinoff from newspaper SCMP gets funded to tokenize historical artifacts

OpenSea’s big journey right now is to make bigger bets with key Web 2.0 and web3 creators or brands, the platform’s chief business officer said

OpenSea’s next journey is to help Web 2.0 brands get into web3

Magic Eden, one of the largest cross-chain NFT platforms, launched a Bitcoin marketplace for digital artifacts, the company shared on Tuesday. “We are already a multichain platform and believe that…

Magic Eden launches Bitcoin marketplace as Ordinal inscriptions continue to grow

As funding into web3 projects cools down during the crypto winter, startups in the space are increasingly focused on building bridges for mass adoption and exploring revenue opportunities to stay…

Ant veteran turns to NFT verification for SXSW festival VIP feast

Featured Article

Tensor raises $3M for Solana-focused NFT trading platform

Tensor, a Solana-centric NFT trading platform, has raised $3 million in a seed round led by Placeholder, the team exclusively shared with TechCrunch. The startup was co-founded by Ilja Moisejevs and Richard Wu, bringing a collective 10 years of experience in working on trading infrastructure and data-intensive systems. Until this…

Tensor raises $3M for Solana-focused NFT trading platform

The NFT market may be finding its footing again as the market on the Ethereum blockchain surpassed $1 billion for the first time since May 2022.

Ethereum NFT marketplace passes $1B in volume for first time since May as the creator royalties war heats up

Dapper Labs, the company behind many popular NFT collectible projects, will face a lawsuit accusing it of selling unregistered securities. In particular, the company has developed the popular NFT game…

NBA Top Shot creator to face lawsuit around securities status

Unlocking exclusive access has been a long-held promise of a lot of NFT-based communities. And now, Spotify is helping some of them realize that claim with token-gated playlists. According to…

Spotify is testing playlists that could be unlocked by NFT holders

Amid signs of life in the NFT market, an NFT-focused startup, Thred, launched today to help users discover new collections, the company exclusively told TechCrunch. “We think of it like…

Former Amazon, Starbucks exec launches Yelp-like platform to review and discover NFTs

Artist Mason Rothschild thought he was sitting on a “goldmine” when he began creating digital versions of the iconic Hermès Birkin handbag and selling these as NFTs. Among them was…

In a trademark battle between an NFT artist and Hermès, the artist just lost

It appears the NFT market is slowly getting back on its feet. Trading volumes rose for two months straight, with January scoring the highest volumes since June last year, according…

NFT market shows signs of recovery as January trading volumes hit 7-month high

French startup Sorare has signed a four-year licensing partnership with the Premier League. This is an important move for the company as the English football league is one of the…

Sorare teams up with the Premier League for its NFT fantasy football game

Tomorrow, January 11, is a big day in the web3 universe. It’s The Cross Chain Coalition Web3 Demo Day, a showcase of 12 boundary-pushing early-stage startups building projects across web3,…

Check out the final four startups pitching tomorrow at CCC Web3 Demo Day

The Easy Company has raised $14.2 million in a seed round and launched its “social” crypto wallet to help onboard more mainstream audiences, it shared exclusively with TechCrunch. Easy aims…

The Easy Company raised $14.2M to build an easy-to-use ‘social’ crypto wallet

Given Logan Paul’s dubious history on YouTube, it probably doesn’t come as a surprise that his CryptoZoo NFT project has allegedly turned out to be a scam. Some investors ended…

YouTuber Logan Paul’s CryptoZoo NFT project is a total mess