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Collins Dictionary Names “NFT” as the Word of the Year

2021 is coming to an end, “NFT” has now been named the word of the year by Collins Dictionary.    The dictionary said the word as a short form of Non-Fungible Tokens, representing an offshoot of blockchain technology that lets creators tokenize digital collectables and artwork. The word was accorded the most popular word as its usage

Axie Infinity virtual land slot sells out for 550 ETH

In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies and complete daily quests. They are also NFTs that can be bred (minted), bought and

Ripple Forms Partnership To Explore New Digital Currency and Additional Use Cases for XRP Ledger

San Francisco-based software company Ripple is partnering with the Republic of Palau to develop a government-backed stablecoin and ease cross-border money transfers. Ripple says that the partnership with the western Pacific country will focus on “developing strategies for cross-border payments and a USD-backed digital currency for Palau” on the XRP Ledger (XRPL). Republic of Palau’s

PEOPLE price pumps 200% as new ‘We The People’ token unveiled

PEOPLE, the governance token of ConstitutionDAO, soared in value by nearly 200% in just 24 hours despite its trading volumes falling off the cliff in the same period, data on CoinMarketCap shows. The cost to purchase 1 PEOPLE token surged to $0.0321 compared to $0.0110 24 hours ago. In contrast, its trading volumes across the

DeFi privacy project Panther raises $22M in 1.5-hour public sale

Panther Protocol, a privacy-enhancing technology provider for the decentralized finance (DeFi) industry, has completed its public sale to continue building privacy solutions for DeFi and Web3. Panter announced to Cointelegraph on Nov. 25 that it raised $22 million in its recent public sale of ZKP tokens, bringing the total amount raised to $32 million. Starting