Category: NFT
A non-fungible token (NFT) is a special kind of token in the crypto world. Individual tokens are based on a sequence/string of characters that cannot be copied or exchanged. Protected lenses of this type are becoming more and more popular in the crypto universe. Artists and sports clubs, among other things, are now issuing their own NFTs in order to capitalize on the hype. Big companies like eBay are also opening up to the NFT market.
Understanding NFT: Exploring the World of Non-Fungible Tokens
Non-Fungible TokenToggle panel: AddToAny The essence of NFT At its core, an Non-Fungible Token is a unique digital asset that represents ownership or proof of authenticity of a particular item
Read MoreOpenSea stops sale of Bored Ape NFT due to legal dispute in Singapore
OpenSea has stopped the sale of a Bored Ape Yacht Club NFT after the previous owner obtained an injunction in a Singapore court stopping the sale. The NFT is now
Read MoreLG Electronics expands business into crypto and blockchain
LG Electronics makes its debut in the crypto and blockchain industry. The Korean tech company said it would focus on selling and brokering cryptocurrencies. Electronics group LG Electronics has joined
Read MoreMark Zuckerberg plans NFTs on Instagram
Mark Zuckerberg said Instagram users will be able to mint their own NFTs in the near future. The project aims to give parent company Meta a boost in its quest
Read MoreRipple brings new NFT standard to its XRP ledger – and the SEC process enters a new round
Ripple has unveiled a $250 million Creators Fund to provide technological and financial support for novel NFT projects. Ripple is making headway in the SEC case. The judge denied the SEC’s
Read MoreRipple introduces NFT capabilities to XRPL with the launch of the NFT Devnet testnet
As the race to supply and acquire non-fungible tokens (NFT) intensifies, Ripple has introduced NFT capabilities to the XRP Ledger (XRPL) for the first time since its inception. As announced by
Read MoreRetail NFT buyers dominated the number of transactions in 2021
Non-fungible token (NFT) transactions valued at less than $ 10,000 accounted for over 80% of all NFT transactions on any day in 2021, according to blockchain analytics firm Chainalysis. Under
Read MoreAre NFTs the future of gaming?
NFTs (Non-Fungible Tokens) have been on everyone’s lips lately. They are used to hold auctions for digital art, with sums running into millions. In principle, however, NFTs have not only been around
Read MoreFor early adopters, IOTA brings the Genesis NFTs to the Shimmer Network
As one of the most important developments, the IOTA Foundation announced the introduction of the Genesis NFTs to reward early adopters. IOTA is rolling out these NFTs on the Shimmer Network, which enables
Read MoreThe increased institutional interest in Solana leads him to be listed on the Bloomberg cryptocurrency terminal
Solana (SOL) has become the third cryptocurrency on the Bloomberg terminal, after Bitcoin and Ethereum. Dubbed the ‘Bloomberg Galaxy Solana Index’, the independent altcoin price tracker went live on the global
Read MoreEthereum co-founder Vitalik Buterin now owns 100K Dogs of Elon ($DOE) tokens
Ethereum co-founder Vitalik Buterin now officially owns 100K tokens of Dogs of Elon ($DOE) – an NFT project for the moonshot trader. This happened as the team recently sent these
Read MoreSotheby’s to Accept Ether in Live Bidding for Sale of Banksy’s Works
Sotheby’s auction house will be accepting Ethereum (ETH) cryptocurrency during live bidding for its upcoming virtual exhibition, where two of Banksy’s artworks will be up for sale. The 277-year-old British auction house will be
Read MoreFacebook Rebrands to Meta, Seeking to Develop the Metaverse
The pioneering social media giant, Facebook Inc, has rebranded its name to Meta as it seeks to foster the development of the metaverse, a term made popular by the current
Read MoreFATF releases finalized guidelines for crypto industry including DeFi and NFTs
Financial Action Task Force (FATF), the global anti-money laundering agency has recently released its updated guidelines for firms handling digital assets. The guidelines aim to bring the nascent crypto industry
Read MoreNFT Champions Is Launching Its $CHAMP Token Using the TrustSwap Launchpad
NFT Champions is finally ready to launch its native cryptocurrency, the CHAMP token, which will be an official currency within its game. The token sale is scheduled to take place
Read MoreReddit Wants to Develop NFT Platform, New Job Listing Revelas
Reddit, a popular social network site, is seeking to hire experts to work on a project that would enable the site to design, develop and maintain a new platform for non-fungible tokens
Read MoreEthereum users lose over $490,000 in an attempt to mint COVIDPunks NFTs
The minting of COVIDPunks, a new NFT that throws medical masks on top of CryptoPunks avatar started on Thursday with 10,000 NFTs selling out in less than an hour. The
Read MoreNFT Trading Platform Giant MakersPlace Completes $30M in Series A Financing
Non-Fungible Token (NFT) trading platform MakersPlace today announced the completion of a $30 million Series A financing jointly led by Bessemer Venture Partners and Pantera Captial. This time, the funds
Read MoreErnst & Young’s Blockchain Technology to Create NFTs for Award-Winning Italian Film
A blockchain-as-a-service dubbed EY OpsChain under big-four accounting and auditing firm Ernst & Young will create non-fungible tokens (NFTs) for the award-winning Italian film La Leggenda Di Kaspar Hauser. Per
Read MoreNFT Boom: OpenSea is Recording More Daily Volume than its Total 2020 Volume
The Non-Fungible Token (NFT) metaverse boom is growing, as shown in the transaction volume of the popular marketplace, OpenSea. According to Devin Finzer, the co-founder and CEO of OpenSea, the platform
Read MoreTezos launches community grants programs to support creators
On Tuesday, July 27, the Tezos (XTZ) ecosystem launched a few community grant programs to support creators and builders on the Tezos community. XTZ will make these programs accessible to grantees worldwide
Read MoreIOTA NFT marketplace records striking growth on debut week
The IOTA NFT Marketplace launched on testnet IOTA 2.0 DevNet has experienced striking growth in the past week. Already, thousands of bids have been recorded, going by a report shared
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