IEO News

According to reports, the Japanese government is one of the first countries to use non-fungible tokens (NFTs) as a supplementary award to local authorities that excelled in a digitization competition. The awards were given to local authorities as recognition for their efforts in using digital technology to solve local challenges.

The central Bank of Korea (BOK) is changing its stance on the blanket ban of domestic initial coin offerings (ICO) after having instituted it in 2017.

Around 58% of NFT investors are yet to make a profit from the space despite the fact that most investors are in it for the money.

The chief executive of crypto asset management company Galaxy Digital, Mike Novogratz, thinks the majority of crypto hedge funds could be headed toward dark days in the future.

The BAYC Community Manager has reportedly had his Discord account breached resulting in scam giveaways being posted on the official BAYC Discord.

LUNA 2.0 began trading today and reached $30 per token before plunging 80% to just $5.30.

Veteran trader Peter Brandt says that Bitcoin (BTC) could be on the verge of ending the downward trend that started nearly a year ago.

Newly elected South Korean President Yoon Suk-yeol has announced the initial approval of ICO’s as part of the new government’s aim to bring cryptocurrency out of the dark.

On Saturday, the creators of Bored Ape Yacht Club (BAYC), Yuga Labs, revealed the Otherside metaverse virtual land sale which turned out to be one of the largest non-fungible token (NFT) mints to date. The Otherside metaverse virtual land sale raised close to $320 million by selling 55,000 parcels of Otherside land.

Two Japanese carmakers, Nissan and Toyota, have launched operations in the metaverse. Nissan’s virtual showroom can host vehicle launches and other events, while Toyota’s workspaces are being used to hold employee meetings.

The only thing missing from the popular mafia-themed metaverse seems to be weed.

Meta Kongz NFTs are the first step in Hyundai's expanding NFT universe, which in turn forms a strategy to build its Metamobility concept.

The American Idol NFT pack will go for $99, and collectors will get an NFT representing one of the top-14 contestants.

Wall Street investment bank JPMorgan is persuaded that decentralized finance (DeFi) and blockchain technology bring major growth potential, and is determined to remain “at the forefront of this innovation,” Jamie Dimon, the bank’s Chairman and CEO, wrote in his latest letter to the company's shareholders.

The commission will consult with industry specialists on issues concerning the digital euro including international payments, privacy and the impact on financial stability.

Manchester United defender Phil Jones has become the latest high-profile sportsperson to enter the metaverse. Jones, who has been on the club’s books since 2011, has joined forces with Web3 firm Antourage to develop an exclusive metaverse members project dubbed Red Lion Sports Club (RLSC).

Non-fungible tokens (NFTs) have been extremely popular during the last two years and in recent times, specific NFTs from certain collections, sell for hundreds of thousands or even millions of dollars per NFT. During the last 30 days, Bored Ape Yacht Club (BAYC) NFTs saw $257 million in sales volume. While people still question the value of NFTs, it’s also interesting to see who is purchasing the most expensive NFTs like Bored Apes and trading them regularly. The following is an in-depth look at the top five BAYC traders of all time and the millions of dollars in profits they have made.

The ruling Japanese political party’s new non-fungible token (NFT) task force has recommended that the government appoints a “Web 3.0 minister.”

Meme project Shiba Inu recently announced the launch of its metaverse project titled SHIB: The Metaverse. It has been a long-awaited step for the digital asset but not everyone is pleased with what the project has been doing. One of those is Dogecoin co-founder Billy Markus, who has taken to Twitter to express his displeasure with the move being made by the meme coin creators.

A whopping 88% of high-net-worth (HNW) traditional art collectors say they are interested in buying digital art in the form of NFTs, a new report on the art market for 2022 has found.