Japanese retail giant Rakuten has launched a new online marketplace, dedicated to NFTs. The site will allow people to buy and sell digital collectibles inspired by sports, anime, and entertainment categories. NFT minting feature is also in the pipeline to be added to the marketplace in the near future.
Minecraft goes Web3 with a new layer named NFT Worlds on the Polygon after two developers unaffiliated with Microsoft, built a blockchain layer on the popular game Minecraft.
The government of South Korea is accelerating efforts to expand its metaverse sector. The ministry of science and ICT has pledged KRW 223.7 billion (roughly Rs. 1,400 crore) towards the development of this project. Details on the timeline on when this project should be completed remains unclear.
The founder of now-defunct cryptocurrency investment platform BitConnect has been indicted by the US Department of Justice on charges of orchestrating a global ponzi scheme worth $2.4 billion (roughly Rs. 18,110 crore).
eBay, which already allows NFT trading on its platform, is planning to introduce crypto payments to purchase goods from its app. The company could make an official announcement in this regard on March 10, eBay CEO Jamie Iannone has hinted during an interview. eBay could become the first e-commerce platform to bring crypto payments before others.
Bitcoin and Ether were joined by Binance Coin, Ripple, and Polkadot on the loss wagon. Stablecoins such as Tether and Binance USD managed to reel in gains, but very small in magnitude.
Ukraine has raised almost $8 million (roughly Rs. 60 crore) in cryptocurrencies after posting appeals on social media for donations of Bitcoin and other digital tokens, according to blockchain analysis company Elliptic.
Binance, which ranks among the world’s largest crypto exchanges by transfer volume, has decided to donate a sum of $10 million (roughly Rs. 75.5 crore) to NGOs and organisations leading the humanitarian effort in Ukraine. It has additionally launched an emergency fund for the affected nation.