Non-Fungible Token – BOL News Staging

Visa announced that it has purchased $149,000 of a CryptoPunk

August 25, 2021 by Syed Ahad

As per the announcement of Visa, it has purchased $149,000 of a CryptoPunk (one of the first non-fungible tokens on the Ethereum blockchain), a digital Non-Fungible Token (NFT) artwork containing a pixel woman with a mohawk.

The largest payment processors globally, Visa made a crystal clear statement that like credit cards and online banking before, NFTs and blockchain are the waves of the future.

Visa announced the news,

“Sixty years ago, when Visa was founded, a world beyond cash and check seemed unimaginable. Moving money instantly and electronically was a radical concept,”

The announcement further contains,

“Fast forward to the early days of the internet. Many were skeptical about the utility of the World Wide Web, and entering your credit card on a website was a leap of faith. These experiences now happen so routinely that most people take them for granted.”

Cuy Sheffield, Visa Head of Crypto stated that the firm was interested in the NFT project, expressing their provision of NFT business. Visa is ready to adapt and build infrastructure for the future of retail, social media, and entertainment, according to Sheffield.

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Coca-Cola to launch first NFT on OpenSea to support Special Olympics

July 29, 2021 by Syed Ahad

Coca-Cola, one of the world’s most well-known beverage brands, has announced the launch of a non-fungible token (NFT).

The Atlanta-based beverage corporation revealed its partnership with developer Tafi to offer branded virtual wearables named NFTs in a news release issued earlier today. The tokens will be used to represent various products and will be offered on a variety of blockchain-powered platforms.

Coca-Cola will make its first push into NFTs with this upcoming launch. It also marks the first time that a major company has used these tokens to expand its reach. All earnings from the sale will go to the Special Olympics, as the beverage firm wishes to commemorate International Friendship Day with the NFT.

Coca-Cola claimed that the NFT drop would consist of four different components, each containing multi-sensory NFTs housed inside a Friendship Box. The box will be an NFT as well. When the NFT is digitally opened, it will be auctioned off, and the winning bidder will receive more unique surprises.

The NFT launch also includes the ability to wear the assets in Decentraland, a blockchain-powered 3D virtual reality world. Coca-Cola also announced that to commemorate the launch of the NFT, it will throw a “Rooftop Party” on Decentraland.

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Crypto.com declared as Global Partner of the F1 ‘Sprint’ series

July 11, 2021 by Syed Ahad

With the fastest-growing cryptocurrency platform becoming initial and global partner of the new Sprint series for 2021, Crypto.com will join Formula One.

Apart from the sprint races, Cryptocurrency will have a trackside presence at every race for the rest of the season as part of a major global partnership agreement. The platform thinks that the agreement will help maintain its international brand awareness. F1’s Official Cryptocurrency Sponsor and NFT Partner (A non-fungible token a unit of data stored on a digital ledger, called a blockchain) will also be Crypto.

The Cryptocurrency Visa Card is the world’s most popular crypto card, available in 30+ countries worldwide. In addition to establishing the world’s fastest-growing cryptocurrency platform and the leading app in both the App Store and Google Play, the Cryptocurrency Visa Card is the world’s most popular cryptocurrency card.

Furthermore, in May 2021, Cryptocurrency set an ambitious goal of becoming carbon negative in 18 months, providing the industry with a path and a prototype for “clean crypto.” This strategy will initially focus on determining the amount of carbon produced by cryptocurrency trading, deposit, and withdrawal operations across all of its platforms, before rethinking how it conducts business outside of trading.

Formula One’s President and CEO, Stefano Domenicali said: “We are pleased to welcome Crypto.com to the Formula 1 family, as we continue to attract progressive global brands anchored in performance and innovation.”

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Shoaib Akhtar Enters Crypto World with His Own NFT

June 21, 2021June 21, 2021 by Roman Ahmed

New development for Crypto World fanatics in Pakistan, cricket legend Shoaib Akhtar has announced that he’ll auction his very own Non-Fungible Token (NFT) on Waqar Zaka’s localized blockchain platform, TenUp Nation. The fast bowler’s NFT will be available on TenUp’s Cricket NFT marketplace, which is the world’s first-of-its-kind tokenized platform for browsing and bidding for … Read more

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