NFT
A Non-Fungible Token (NFT) is a specific kind of digital asset that serves as a representation of ownership or certification of uniqueness for a particular object or piece of content. It utilizes blockchain technology, predominantly on the Ethereum network. Unlike other tokens, an NFT possesses distinct characteristics that allow it to stand out, making each one unique and non-substitutable with another. This differs significantly from fungible cryptocurrencies like Bitcoin or Ethereum, where individual units are interchangeable with each other.
Square Enix to Launch Final Fantasy VII NFT Collection
Final Fantasy game creator Square Enix has announced plans to launch a non-fungible token (NFT) project related to the game franchise.
AI-Based Startup Optic Raises $11m, Developing AI NFT Content Recognition
NFT authentication company Optic raised $11 million to support its ongoing progress toward the development of AI technologies for NFT monitoring devices.
The Sandbox Taps Cybersecurity Firm Brandshield to Tackle Rising NFT Frauds
The Sandbox said introducing cybersecurity solutions with Brandshield is a testament to its efforts to stay ahead of fraudsters and build a fraud-free digital environment.
Minecraft Won't Allow Integration with NFT, Says Developer Mojang Studios
Mojang Studios, the sandbox video game Minecraft developer, has stated that it will not support NFT integration with Minecraft.
Hyperledger Fabric-based Platform Remooz.com Launches NFT Marketplace
Enterprise-grade distributed ledger Hyperledger Fabric platform Remooz.com launched its first NFT marketplace platform.
NFTs Trading Volume Between May and June Fell 74%: The Block
NFTs' trading volume between May and June fell 74%, data from The Block Research showed.
OpenSea to Lay off 20% of Employees
OpenSea, one of the largest marketplaces for NFTs, suggested that about 57 people will be laid off as it said it now has 230 employees.
Magic Eden Floats New Venture Unit to Double Down on Web3 Gaming
Magic Eden has announced the establishment of its own venture outfit dubbed Magic Ventures with a focus on bootstrapping Web3.0 gaming protocols.
GameStop Launches Public Beta Version of NFT Marketplace
Video game retailer GameStop Corp announced the launch of a public beta version of NFT marketplace to provide players with faster, cheaper, and more secure access to digital property rights.
The Saudis NFT Sold out within Hours
Free to mint non-fungible token (NFT) collection The Saudis went live on July 9 and sold out within hours.
PSG Sells NFT Tickets for Resuming Japanese Tour after 27 Years
French football team Paris Saint Germain (PSG) is resuming its Japanese tour for the first time in 27 years, and this time, the ticket for its scheduled fixtures is being sold in the form of NFTs.
NFT Lender Omni Hacked for 1,300 ETH
NFT platform, Omni was hacked for 1,300 ETH ($1.43 million) as the hacker exploited the firm's reentrancy vulnerability protocol, according to PeckShield.
Reddit Launches New NFT Avatar Marketplace
Reddit has partnered with Polygon blockchain to enable the launch of the new NTF marketplace. The popular social media platform is capitalizing on NFTs to propel its growth.
Popular British GT Racing Team Launches NFT Platform to Authenticate Car Parts
The GT racing team has announced the launch of its NFT program that will certify racing car parts and give fans and digital art collectors confidence in buying such digital collectables.
British Army Recovers Twitter & YouTube Accounts following Crypto Scam Hack
The British Army recovered from crypto scams after hackers breached its YouTube and Twitter accounts on July 3.