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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

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OpenSea 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

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LG 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

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Mark 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

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Ripple 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

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Ripple 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

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Retail 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

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Are 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

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For 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

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The 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

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Ethereum 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

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Sotheby’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

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Facebook 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

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FATF 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

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NFT 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

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Reddit 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

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Ethereum 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

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NFT 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

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Ernst & 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

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NFT 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

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Tezos 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

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IOTA 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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