Despite consistent numbers in the market regarding transactions, volumes, and new and returning users, we have had a relatively quiet week in the NFT token industry. Institutional companies like Mastercard, Amazon and of course Meta adorn the headlines of the week. While not all institutional firms are directly involved in NFTs for now, many seem to be slowly getting ready to enter the industry. As Kriptokoin.com, we report weekly NFT Token developments… Here’s what you need to know about NFT projects…
Mastercard, trademark applied
Visa, crypto and blockchain compared to many other traditional, legacy fintech firms quite aggressive in the field. The company even bought its own CryptoPunks last year. Additionally, Visa has filed more than a dozen new trademark applications in the metadatabase and NFT token sectors. With limited details so far, the company said in its statement:
As the new group is a critical component of MasterCard’s digital asset strategy, the initiative will support participants, value-added services and creative solutions.
Amazon is interested in NFT token projects
Amazon CEO Andy Jassy shared his thoughts on crypto and blockchain technology in an interview. Stating that he is optimistic about cryptocurrencies and blockchain technology, Jassy continued his words as follows:
For now, we do not plan to add cryptocurrencies as a payment method to the Amazon platform. However, I believe that as time goes on, cryptocurrencies will develop and grow more. However, I think NFTs also have great potential.
When Jassy was asked if Amazon will have a study on NFT tokens, the famous CEO said, “It seems possible that we can do something about NFTs in the future.”
Meta’s 47 percent commission rate backfired
Meta (formerly Facebook) wants to deliver NFTs through its metaverse app on virtual reality headsets . However, the 30 percent share that the company plans to cut drew quite a reaction and made a lot of noise on social media. Meta has announced that a 30 percent commission will be applied to NFT tokens in the Meta Quest Store. That’s definitely a high figure compared to most NFTs that can be purchased elsewhere. Yet it does not end here. Horizon World, the platform’s virtual reality avatar software, will also have a commission of 17.5 percent, bringing the total deductions applied from Meta to 47.5 percent.
Is North Korea behind the Axie Infinity hack?
In late March, the Ronin blockchain, which hosts the Axie Infinity network, faced a serious hack that resulted in approximately $500 million in lost funds. Reports and details emerged this week. He made an official statement by the US government, claiming that North Korean hackers were behind the Ronin attack.
Sand Vegas Casino accused of funding the development of virtual casinos
The Texas State Securities Board this week issued an emergency stop order against Sand Vegas Casino Club, declaring the casino “development of virtual casinos in the metaverses”. illegally offering NFT token projects to fund The casino was reportedly looking to print 11,111 Gamblers NFT to develop metaverse casino games on popular metaverse platforms such as Sandbox, Decentraland, Infinity Void and NFT Worlds.
China also intends to block NFT token projects
A number of different Chinese companies, including the country’s Internet Finance Association, China Banks Association, and China Securities Association The banking authority said in a statement that it intends to “resolutely block” the movement of NFTs into financial products and potential securities. Chinese authorities have taken a firm stance against crypto and NFTs across the board in recent years.
An NFT token exhibition in Istanbul ”PARALAKS”
The works of 15 NFT token artists meet in ‘Parallax’ (Shift of Perspective). The exhibition, which will be opened at the Museum Gazhane on April 20, can be visited free of charge between 09.00-18.00 on weekdays except Mondays, and between 10.00-18.00 on weekends. The NFTs presented in the series were created by reshaping the concepts against each other by encountering the perception of reality and the metaverse of digital art from different frameworks.
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