Bored Ape non-fungible token (NFT) company on Sunday raised approximately $285 million of cryptocurrency in a virtual land sale after facing a massive hack. NFTs are a type of digital asset which buyers purchase through cryptocurrencies but no physical pieces of art exchange hands in these transactions.

Bored Ape NFT company raises around $285 million of crypto after facing massive hack

Popular Chinese messaging app WeChat has suspended several accounts linked to non-fungible tokens (NFTs) as per state media CCTV. The step has been taken for the prevention of speculation in the digital assets amid rising crackdown on domestic technology companies by China's ruling Communist Party.

Popular Chinese messaging app WeChat suspends several accounts linked to non-fungible tokens

UK tax authorities have seized Non-Fungible Tokens (NFT) amid a probe involving suspected VAT fraud involving 250 alleged fake companies. The people behind the crime were allegedly attempting millions of dollars in attempted fraud as UK authorities began the probe.

UK seizes NFT in suspected VAT fraud probe

Animations to video clips sales of NFTs reached some 25 billion dollars in 2021, as the cumulative crypto-asset exploded in popularity. However, reports say there are signs of growth slowing towards the end of the year.

Non-Fungible token sales hit $25 Billion dollars in 2021

Argentine football star Lionel Messi has launched his own collection of non-fungible tokens (NFTs), crypto art that was created with his image by digital designer BossLogic and will go on sale on Friday.

Football: Lionel Messi launches 'Messiverse' NFT crypto art collection