Fidelity Plans NFT Marketplace: Nifty Newsletter, 21-27 December
In this week’s newsletter, you can read about investment giant Fidelity planning to enter the NFT (nonfungible token) space and how Italy’s NFT market will grow. Check out how North Korean hackers are using phishing sites to target NFT holders and listen to a conversation with Crypto Raiders in NFT Steez podcast. And don’t forget this week’s Nifty News with Japanese gaming company Square Enix investing millions in an NFT game developer.
Fidelity plans NFT marketplace and financial services in the metaverse
On December 21, investment firm Fidelity filed three trademark applications with the United States Patent Trademark Office. The trademark registrations cover NFTs, NFT marketplaces and metaverse investment services, suggesting the firm has plans to enter the space.
One of the firm’s focuses appears to be the metaverse, indicating that it may one day offer investment services within virtual worlds. The offers may include various funds such as equity funds and pension funds.
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Italy to create the crypto-art renaissance: NFT market report
A recent report released by Research and Markets predicted that Italy is set to have a 47.6% growth in the NFT market by the end of 2022. With this, the total value of the Italian NFT market will be $671 million.
The report also estimates that the country’s NFT industry will have an annual growth rate of 34.6% over the next five years, with consumption value expected to reach around $3.6 billion by 2028.
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North Korean hackers steal NFTs using nearly 500 phishing domains
A day before Christmas, blockchain security firm SlowMist highlighted that North Korean hackers had launched a broad campaign targeting NFT users. According to the report, the attackers created nearly 500 phishing domains to lure potential victims.
Some sites have imitated popular NFT marketplaces such as OpenSea, X2Y2 and Rarible. The fake websites have also tried to impersonate a project related to the recent World Cup.
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Nifty News: Square Enix invests in NFT gaming company, Beeple talks NFT art future and more
Japanese gaming giant Square Enix recently invested around $53 million to create mobile and blockchain games and start a metaverse initiative. An announcement suggested that the company is partnering with game developer Gumi to create a gaming NFT-focused marketplace.
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Check out Cointelegraph’s NFT Steez podcast
Thank you for reading this summary of the week’s most notable developments in the NFT space. Check back next Wednesday for more reports and insights into this area of active development.
