NFT

Fiat-to Crypto Payment Firm Wyre Announces All-in-One NFT Marketplace Services

Fiat-to-Crypto Payment Firm Wyre Reveals All-in-One NFT Marketplace Service

On Tuesday, the San Francisco-based fiat-to-crypto and payment infrastructure company, Wyre, announced the launch of a non-fungible token (NFT) market tool that gives developers the ability to create NFT marketplaces in less than 24 hours.

Wyre Claims Devs Can Build an NFT Marketplace in 24 Hours

Non-fungible token (NFT) assets have been a hot topic all year long and the trend has continued strong toward the end of 2021. Coinbase, FTX and Crypto.com have all launched NFT markets this year. Makers also have leveraged markets such as Makersplace and Mintable, Rarible, as well the top NFT marketplace Opensea.

On November 2, Wyre announced the launch of an all-in-one NFT market solution that provides developers with the tools needed to build an NFT market in less than a day. Wyre, a San Francisco-based payment platform, was co-founded in 2009 by Ioannis Giannaros and Michael Dunworth. Businesses like Draper Associates and Digital Currency Group, Amphora Capital as well as 9fbank, 9fbank, Baofoo.com and Baofoo.com have backed the firm.

Wyre’s new NFT product utilizes the firm’s current API solutions which are leveraged by Flow, Avalanche, Stellar, Nifty’s and Rarible. Wyre’s announcement states that Wyre offers a range of solutions, including an NFT checkout widget which allows end-users make purchases using some of the most popular payment methods in the world. It also provides powerful rest API’s that manage custody and minting. Wyre intends to position themselves as the go-to-shop for developers and companies looking to enter the rapidly expanding collectibles market .”

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Ioannis Giannaros (CEO of

Wyre) explained that the company has worked with many brands in this space and said the company is committed to seeing the NFT industry flourish. Giannaros stated in a Tuesday statement that “our NFT solution changes all that is needed for developers and brands to create an NFT Marketplace.”

According to Wyre’s most recent NFT product announcements, Wyre’s NFT service charges will “mirror Wyre” its traditional fee structure. Wyre also notes that the solution will work with major blockchain networks and traditional payment systems such as Apple Pay, Google Pay and MasterCard. The NFT marketplace tool supports all fiat currencies Wyre currently supports.

What do you think about the NFT marketplace tool Wyre has introduced? Please comment below to let us know your thoughts on this topic.

This story contains tags

Blockchain, collectibles space, Digital Collectibles, Digital Collectibles Platform, Fee Structure, Fees, Ioannis Giannaros, Michael Dunworth, nft, NFT Market tool, NFT marketplace, NFTs, Non-fungible Token, Payment network, Payments, Tools, Wyre, Wyre API, Wyre Crypto, Wyre NFTs

Image Credits: Shutterstock, Pixabay, Wiki Commons, Wyre,

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NFT

Nike is facing a lawsuit from people who bought its NFTs

Wes Davis is a weekend editor who covers the latest in tech and entertainment. He has written news, reviews, and more as a tech journalist since 2020.

A group of people sued Nike this week over its decision to wind down its virtual show project RTFKT last year. The buyers of the digital assets accuse Nike of causing “the rug to be pulled out from under them,” and say they wouldn’t have bought its NFTs if they’d known they were “unregistered securities,” reports Reuters.

Filed in New York’s Eastern District, the proposed class action lawsuit seeks “unspecified damages of more than $5 million for alleged violations of New York, California, Florida and Oregon consumer protection laws.”

Nike tried to jump into the NFT game by buying RTFKT in 2021. But, like Starbucks Odyssey, it never quite worked out and the company abandoned the idea, announcing in December via the RTFKT X account that it planned to “wind down RTFKT operations” by the end of January this year.

Since then, RTFKT has seemingly been maintained by a single person named Samuel Cardillo, who spent Thursday posting through the sudden disappearance (and later reappearance) of artwork for its CloneX NFTs project.

NFT

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