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.
Citi Sees the Metaverse to Reach $8 Trillion to $13 Trillion by 2030
Citi expects the metaverse to be worth between $8 trillion and $13 trillion by 2030, given that the exponential growth of NFTs has brought it to the limelight.
BAYC says Discord Server was "Compromised"
Bored Ape Yacht Club (BAYC) announced through Twitter that its Discord server was hacked.
CHILIZ Launches Layer 1 Blockchain for Sports and Entertainment Industry
Chiliz has announced the launch of the Scoville testnet for the newly established Layer 1 blockchain network Chiliz Chain 2.0 (also known as CC2).
Dubai Police Releases Free NFTs to Enhance Authority
As part of a campaign to showcase security, innovation, and communication values, the Dubai Police has rolled out a set of non-fungible tokens (NFTs) comprising 150 free digital assets.
Samsung Inks Deal with Nifty Gateway, Allowing Trading NFTs with Smart TVs
South Korean electronics giant Samsung has teamed up with Nifty Gateway to develop a new line of smart TVs that will enable trading NFTs.
10,000 Ukrainian Flags Minted as NFTs to be Sold on The Sandbox
In a recent move, up to 10,000 Ukrainian flags, modelled as Non-Fungible Tokens (NFTs), are up for sale on the Mauer website.
OpenSea Signals Integration of Solana NFTs by April
Solana NFTs will be available for buying and selling on OpenSea's website by April, the company signalled via a video on Twitter.
NFT Marketplace Blur Raises $11m in Seed Fund
NFT marketplace Blur stated that it has raised $11 million in new seed funding led by venture capital firm Paradigm.
NFL Announces to Host 2024 Draft in Detroit, Seeking Blockchain Sponsorship Deals
National Football League (NFL) announced Monday that the NFL 2024 draft will be held on April 24 at Matthews Campus Park in downtown Detroit. NFL is seeking blockchain sponsorship deals.
Now-Defunct Crypto Exchange Mt. Gox Issues Commemorative NFT
Mark Karpeles, the former CEO of suspended Japanese cryptocurrency exchange Mt. Gox, announced the launch of a non-fungible commemorative token for certain eligible users.
Krafton Partners with Solana Labs to Develop blockchain-based Games
Game developer for PC and mobile devices Krafton partners with Solana Labs to develop blockchain-based games and services in the Metaverse world.
Ukraine Launches ‘NFT Museum’ to Remember the War and Raise Funds
Ukraine is leveraging blockchain technology to keep the memory of war and celebrate Ukrainian freedom and identity.
Liverpool FC to Launch NFT Collection in Partnership with Sotheby’s
English Premier League team, Liverpool FC, has announced the launch of its NFT collection which will feature the heroic side of its men’s team.
LG Electronics Expands Business in terms of Blockchain Technology & Crypto
As part of its expansion plan beyond home appliances, South Korean tech giant LG Electronics intends to add blockchain, cryptocurrency, and medical devices as new sectors in its corporate charter.
GameStop's NFT Marketplace is Out in Beta
GameStop's NFT marketplace is out in beta and integrated with the Ethereum Layer 2 zkRollup protocol, Loopring (LRC).