An NFT, or Non-Fungible Token, is a unit of account that creates a digital impression of any unique item. Among them can be: paintings, photos, videos, music, gifs – in a word, any content that claims to be at least some kind of uniqueness. They are highly prized among collectors, gamers and art lovers, and are bought and sold through auctions.
In an era characterized by rapid digital innovation, the fusion of technology, art, finance, and ownership has given rise to phenomena like cryptocurrencies and Non-Fungible Tokens (NFTs). As its name implies, cryptocurrencies are digital or virtual currencies that utilize cryptography for secure transactions, decentralization, and the control of new unit creation. Known as blockchain, this…
The SEC is now also taking action against NFTs. In the past, the US Securities and Exchange Commission had already targeted trading platforms and individual publishers of cryptocurrencies. A crypto lawyer warns of the further consequences of the new development. SEC cracks down on NFTs The SEC is now also taking action against NFTs. This development follows a…
A bridge between Bitcoin and Ethereum allows the transfer of NFTs. Users looking to leave ETH for the Ordinals can now do so with a first collection. Caution is advised. The decision is irreversible. The developers believe in an increasing importance of BTC in the niche. Bridge between BTC and ETH allows transfer of NFTs A new bridge between…
Investor Peter Schiff, who has been against Bitcoin and all other cryptocurrencies for years, supports gold investments and has not given up on this idea despite all his perseverance, announced that he has launched an NFT collection on the Bitcoin network. While the bitcoin and crypto community welcomed Schiff, the famous investor continued to retort, “I’m…
Rihanna song “Bitch Better Have My Money” is now tokenized — at least to a very small degree. Blame it on producer Jamil Pierre, who converted some of his licensing rights into NFTs on the Ethereum blockchain. Token holders earn from the ongoing revenue generated by the song. Rihanna Tokenizes Song “Bitch Better Have My Money” Rihanna’s…
A new NFT marketplace was launched two months ago under the name Blur . Like some of its predecessors, the platform was able to quickly catch up with the market leader OpenSea, but this time it could actually be a sustainable development. New NFT marketplace puts pressure on OpenSea OpenSea turned five years old to the day yesterday. The…
Dan Holzmann, co-owner of FC Basel, invests in the NFT marketplace Exclusible. He wants to conquer the luxury segment and is cooperating with famous brands such as car manufacturer Alpine or watch manufacturer Louis Monet. The company recently collected five million euros in investments. FC Basel co-owner finances NFT companies Dan Holzmann is a co-owner of FC…
New data proves: The NFT market is imploding. A trend that started in the summer of 2021 caused explosive prices. In the meantime, the unique tokens, which have so far mainly been used as a gimmick, are sinking into insignificance. Digital artwork hype is coming to an end While the bear market for cryptocurrencies had already set in…
Polygon has partnered with Nothing to provide mobile users with simple, no-fuss access to Web3 technology. Nothing will launch its first smartphone, the Nothing Phone 1, on July 12th. Ethereum decentralized scaling platform Polygon partners with phone maker Nothing to integrate Web3 technology. Polygon announced the partnership with Nothing and said the technology will be integrated…
Samsung is launching a range of smart TVs compatible with NFTs in cooperation with Nifty Gateway, Gemini exchange’s NFT platform. The announcement of the NFT integration had already taken place at the CES in January – but even then the question arose as to whether there was even a market for such devices. Samsung has…
The decentralized finance platform AAVE announced the launch of Lens Protocol on February 7th. Lens Protocol is a decentralized social medium for Web3 built on the Polygon blockchain platform. According to the official website, “The Lens Protocol is a permissionless, combinable, and decentralized social graph that makes building a social platform for Web3 easy.” In the…
Retailer Walmart — the world’s largest employer with more than two million employees — announced on Jan. 16 its plans to enter the much-heralded world of the Metaverse. As CNBC reported, over the past month, Walmart has applied for trademark protection for several new brands specifically for the Metaverse. Walmart is also planning its own cryptocurrency,…
The ecosystem of non-fungible tokens, the NFTs, has seen incredible acceptance in recent months as many prominent personalities and institutions have stepped into this area. In 2021, NFTs were reportedly worth over $ 20 billion. The CEO of O’Shares Investment Advisers, Kevin O’Leary, was very optimistic about NFTs in a recent interview and predicted that the…
According to several reports , the social media platform Instagram, operated by Meta Platforms Inc. – better known as Facebook – is looking into ways to join other heavyweight companies and get into the NFT industry. In a recent discussion on Instagram Story, part of a series of AMA questions for the company, Instagram boss Adam Mosseri…
South Korea wants to be the first country in the world to tax non-fungible tokens (NFTs). The country has already introduced a 30% tax on crypto transactions – which will come into effect from 2022. As the Corea-Herald reports, the almost exploding NFT sector is now also targeted by the Financial Services Commission (FSC). According to its…
The neck-to-neck battle among Solana (SOL), Cardano (ADA), Ethereum (ETH), and Polkadot (DOT) continues because they have gained the upper hand in different crypto areas like decentralized finance (DeFi), non-fungible tokens (NFTs), and staking. Even if Ethereum takes the lion’s share in DeFi, Solana is the victor when it comes to staking with a value of $78.49…
Days after flipping Cardano (ADA) to become the fifth top cryptocurrency, Solana (SOL) is not relenting in its quest to scale the heights because it has dethroned Tether (USDT) at the fourth position. Despite Solana being founded in 2017, it has made significant strides this quarter because it recently hit an all-time high (ATH) price of $249. The fourth…
Mojito, a Non-Fungible Token (NFT) startup, has raised the sum of $20 million from investors, the chief of whom is the legacy art auction house- Sotheby’s. While Sotheby’s has recorded a positive stint in the NFT metaverse in the year-to-date period, the investment in Mojito comes off as the first time that the auction house will be investing directly…
FTX, a popular cryptocurrency exchange in the US, has announced a launch of its NFT marketplace that aims to enable its users to create their own artworks and mint them as Non-Fungible Tokens (NFTs) on the exchange, to be sold within its marketplace. Sam Bankman-Fried, the founder and CEO of FTX crypto exchange, talked about the news…
Cryptocurrency trading outfit OKEx has joined the Non-Fungible Token (NFT) bandwagon with the launch of DeFi Hub. This platform will feature a marketplace for all forms of digital collectables and the maintenance of a cross-chain DeFi dashboard. As announced by the exchange, the NFT Marketplace will make it easy for digital content creators and artists to mint their…
Decentralised Non-Fungible Token (NFT) marketplace, OpenSea is on the lookout for new engineers as it looks to relieve its current staffers from the overwhelming tasks of managing the marketplace’s trading volume. As revealed by Nate Chastain, the Head of Product at OpenSea, only about 37 people are handling over 98% of all trading volumes on the platform….
Theta blockchain is now focusing on developing the Theta ecosystem for decentralized media and entertainment. Initially, Theta was focused on protocol development and implementation. Mainnet 3.0 was launched successfully and over 40 percent of TFUEL staked with over 8,000 Elite Edge Nodes. For the rest of 2021 and beyond, Theta has plans to become the…