A new platform has been launched, allowing holders of non-fungible tokens to list them for use in projects.
X Marketplace is a decentralized community-owned marketplace that gives people the opportunity to earn money from their NFTs by licensing them to brands.
The IP marketplace supports Yuga Labs, Azuki, CloneX, IlluminatiNFT, Finiliar, Stickmen Toys and Swampverse series.
Projects seeking NFTs can also post requests.
Holders of these NFTs can list their IPs on the platform for free, and projects seeking NFTs for IP licensing can also advertise.
While experts warn that many NFT holders don’t actually own their intellectual property, collectibles like Bored Ape, Meebits, CryptoPunk, and World of Women do contain intellectual property.
X Marketplace co-founder Bradley Zastrow told The Block that such agreements are currently being struck through platforms such as Twitter.
“The problem today is that intellectual property is an important part of the NFT value proposition, but there are limited opportunities to monetize it. By integrating an IP marketplace within our existing platform, we are simplifying the IP discovery process,” he said.
“The NFT economy will be more than just buying and selling NFTs; it will include multiple ways for NFT owners to monetize their assets. The launch of our IP marketplace is only in the first phase; we are just getting started.”
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Russia’s Alexander Vinnik, who was extradited to the United States for allegedly helping launder $4 billion worth of bitcoin through his role in the defunct cryptocurrency exchange BTC-e, has called on Russian Foreign Minister Sergei Lavrov to pass prisoners The exchange secured his return to the country, Reuters reported.
Crypto investment products firm 21.co has raised $25 million at a $2 billion valuation, led by alternative investment firm Marshall Wace, for global expansion.
Credix raises $11.25 million to develop a credit platform that matches institutional investors and DeFi lenders. The round was led by Motive Partners and ParaFi Capital and included Valor Capital, MGG Bayhawk Fund, Victory Park Capital, Circle Ventures, Fuse Capital and Abra.
Metaverse Magna, a Web3 gaming company looking to build the largest gaming DAO (Decentralized Autonomous Organization) in Africa, has raised $3.2 million from a seed sale token round at a $30 million valuation. The round includes Wemade, Gumi Cryptos, HashKey, Tess Ventures, LD Capital, Taureon, AFF, Polygon, Casper Johansen and IndiGG.
PolygonLEAP has announced six winning startups that will share $250,000 after going through its Web3 accelerator program: Zoksh (no-code payment gateway); Defy (NFT lending protocol); AirChain (dApp toolkit); Respect.club ( Web3 social gaming platform); Spheron (hosting platform); and Zippy Fitness (Metaverse fitness solution). The program is run by Polygon in partnership with Lumos Labs.
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Over 20,800 coins have a combined market cap of $938 billion At the time of writing (7am UK), 5.6% reduction in the past 24 hours.
Market leader Bitcoin — the original cryptocurrency created by the mysterious Satoshi Nakamoto — fell 5% to $18,750. BTC is down 8% from its price a week ago.
Ethereum, the second most valuable cryptocurrency — as a decentralized network of smart contracts on blockchains — plunged 8 percent to around $1,500. ETH is down 6% in a week.
Binance Coin is a cryptocurrency created by the popular cryptocurrency exchange Binance to help it become an infrastructure service provider for the entire blockchain ecosystem. Its BNB token fell 6% to $263, down 9% in seven days.
Ripple’s XRP token is a payment settlement asset exchange and remittance system that acts as a bridge for transfers between other currencies. XRP is down 6% below 32c, its price is down 5% from 7 days ago.
Cardano is an open source network promoting dApps that considers itself an updated version of Ethereum. Its ADA token, which aims to allow owners to participate in the operation of the network, fell 9% to 46c, the same level as a week ago.
Solana is a blockchain designed to make decentralized finance available on a larger scale and capable of processing 50,000 transactions per second. Its SOL token fell 6% to $31.01, 5% below its price a week ago.
Meme coin DOGE was created to satirize the hype surrounding cryptocurrencies, but has now become a major player in the space. DOGE fell 7% to 5.9c and is down 7% in 7 days.
Founded by the Switzerland-based Web3 Foundation, Polkadot is an open-source project developing a decentralized web. Its DOT token, which aims to securely connect blockchains, fell 9% to $6.90, down 5% from its price a week ago.
polygon Designed to securely connect blockchains as a kind of decentralized internet. Its MATIC token fell 10% to below 81c, after falling 4% in a week.
Avalanche is a lightning-fast verifiable platform for institutions, businesses, and governments. Its AVAX token fell 8% to $18.35, down 8% for the week.
To see how the valuations of major coins have changed recently – as well as a roundup of recent cryptocurrency news developments – click here.
See below for the valuation of the top 100 coins by market cap (in USD), plus 24-hour price change.