‘Tiger King’ star and convicted animal abuser Joe Exotic to launch NFT from prison

The nonfungible token industry isn’t over yet, as Tiger King star Joe Exotic is set to launch his own NFT drop from prison, with some external assistance. New York-founded cryptocurrency club More announced Tuesday its foray into the celebrity NFT space with an auction on behalf of former zoo operator and TV star Joseph Maldonado-Passage, known professionally as Joe Exotic. With the support of Rozenfeld Meyer & Susman entertainment attorney Brad Small, the convicted animal abuser plans to sell some of his belongings alongside digital items and tokens from a…

Former PayPal employees launch decentralized cross-border payment network on Algorand

Two former PayPal workers in business and technology have launched a cross-border payment system aimed at “faster, cheaper, and more transparent payments.” In an announcement today, fintech infrastructure firm Six Clovers said it had launched its RAPID network connecting banks, merchants, and payment providers, allowing clients to transact in digital currencies and fiat. Founded by former PayPal employees Jim Nguyen and Nas Kavian and backed by venture capital firm Borderless Capital, the network is built on the Algorand blockchain and employs the technology behind stablecoins to represent fiat. “Six Clovers…

Ridiculed no longer? US Space Force will launch NFT line

The United States Space Force, a branch of the armed forces created under the previous administration of Donald Trump, is releasing a series of nonfungible tokens, or NFTs. In an announcement on Monday, the U.S. Space Force (USSF) said it had partnered with community-oriented nonfungible token platform Ethernity Chain to release digital versions of patches and coins designed for the launch of its fifth vehicle in the GPS Block III. The NFTs will feature the satellite’s launch vehicle, space suits and other iconic imagery. The one being launched is named…

Nigeria’s central bank plans CBDC pilot launch before the end of 2021

Rakiya Mohammed, an IT specialist at the Central Bank of Nigeria (CBN) has announced that the apex bank is making efforts to float a central bank digital currency in the country. According to a report by People’s Gazette, Mohammed made this known after the Bankers Committee meeting held in Abuja on Thursday, telling reporters: “Before the end of the year, the Central Bank will be making a special announcement and possibly launching a pilot scheme in order to be able to provide this kind of currency to the populace.” Back…

Theta and Theta Fuel (TFUEL) soar ahead of June 30 mainnet launch

Major protocol upgrades can play a significant role in altcoin rallies regardless of the state of the wider cryptocurrency market because new features excite token holders and help to attract new investors.  One ecosystem that has been heating up over the past two weeks is the Theta protocol. The project’s THETA token rallied 50% and Theta Fuel (TFUEL) gained 71% ahead of the network’s upcoming Mainnet 3.0 launch scheduled for June 30. THETA/USDT vs. TFUEL/USDT. Source: TradingView Toward the end of May, price action for THETA and TFUEL began to…

Premier League’s Wolverhampton Wanderers soccer club to launch fan token

The English Premier League’s Wolverhampton Wanderers Football Club will launch fan tokens under a new partnership with Turkish blockchain platform Bitci Technology. The Premier League is the most followed soccer league in the world, Bitci’s announcement reads. Turkish blockchain experts will develop a Wolves’ fan token on Bitcichain. Bitci’s own crypto exchange will list the Wolves fan token first, followed by other exchanges worldwide. The multi-year agreement will see the Bitci logo appear on the Wolves team’s jerseys and screens in the Wolves’ historic stadium, Molineux, starting during the 2021–2022…

Layer 2 network Arbitrum ships guarded launch, attracts major DeFi protocols

In a landscape of so-called scaling solutions primarily composed of sidechains and EMV-enabled competitors, one widely anticipated “rollup” layer 2 sidechain for Ethereum has finally arrived.  Offchain Labs announced the launch of Abritrum One with a blog post late last night. Arbitrum One is currently live on Ethereum in a beta state, though teams that wish to participate and build implementations with the rollup tech need to apply for access: Introducing Arbitrum One, our mainnet beta: live on Ethereum and open to developers now!https://t.co/3Jca2dZw0D — Arbitrum (@arbitrum) May 29, 2021…

Museum of Crypto Art to launch MOCA token, plans acquisition spree

According to some estimates, coronavirus-related strains may soon force upwards of one in every eight physical museums to permanently close — but despite the struggles, one Metaverse-native museum is raising funds to transition to a community-governed model.  The Museum of Crypto Art announced today the launch of the MOCA token, a Polygon-based governance and utility asset. The token will be used to vote on pieces added to the museum’s Genesis Collection as well as future exhibits, allow for community curation of museum assets, and establishment a runway for the museum…

Nervos and CMB International launch $50M blockchain, DeFi and NFT fund

The Nervos Foundation has announced the launch of a fund in collaboration with CMB International, a wholly-owned subsidiary of China Merchants Bank. The $50 million fund named “InNervation” will be used to make early investments in startups that are building blockchain-based user-centric products. Decentralized finance (DeFi) protocols, dApps, and nonfungible token (NFT) marketplaces will be a particular focus of the investments. Nervos is a Chinese blockchain project based on a Layer 1, Proof of Work, public permissionless blockchain protocol. It claims to allow any crypto asset to be stored with…

Street art NFT exhibition to launch in physical showroom in Riga

A physical showroom for nonfungible tokens is set to open in Riga, Latvia, where NFTs of street art from around the globe will be put on display. The gallery is being launched by Kiwie 1001, an NFT project born from the Latvian street art collective of the same name. Submissions are open to anyone who wishes to enter, and pieces can be submitted via the project’s Discord channel. Winning pieces will be voted on by the Kiwie 1001 community and will be presented in the Riga gallery when it opens…