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.
Ethereum-Based Products Hit a 72.8% Monthly Growth as the US Reigns Supreme in DeFi Adoption
Ethereum-based products skyrocketed to $13.8 billion after recording a 72.8% monthly growth.
DJ 3LAU Establishes NFT Music Investment Platform Royal by Obtaining $16M in Seed Funding
American musician Justin Blau, also known as 3LAU, established the blockchain music investment company Royal, supported by a $16 million seed round.
Vogue Singapore Ventures into the NFT Metaverse in September Issue
Vogue Singapore has now ventured into the NFT Metaverse with the introduction of two new NFT art covers.
Fox Corp Leads a $100M Strategic Investment in Blockchain Digital Content Management Company Eluvio
U.S. media giant Fox Corp announced a $100 million strategic investment in Eluvio, a blockchain digital content management company to expand the Non-fungible token (NFT) business.
Facebook Aims to Integrate NFTs in Novi Digital Wallet
Tech-giant Facebook is escalating its influence by integrating NFTs in its Novi Digital Wallet.
NFT Trading Surges 8X Boom from the Popularity of Bored Ape Yacht Club,Pudgy Penguins and CryptoPunk
NFT sales recorded an eight times surge in market trading volume over the last two weeks, compared to the result in March, thanks to the craze of Bored Ape Yacht Club and Pudgy Penguins and the classic NFT CryptoPunk.
Alibaba Launches NFT Marketplace for Copyright Trading
Alibaba has launched a new marketplace for trading copyright licenses.
Ape-Themed NFT CyberKongz Leads Top Protocols in Ethereum Burning Rate
CyberKongZ NFT project is stirring the highest burning rate in the Ethereum network, ahead of major platforms like OpenSea and Axie Infinity.
Marvel Studios Launches First NFT collectibles Featuring Captain America
Marvel Studios has launched its first collection of Captain America NFT Collectibles.
ETH Balance on Exchanges Sink to a 2-Year Low as Miner Revenue Hit a Monthly High
Ethereum (ETH) has been undergoing a mass exodus away from crypto exchanges recently, given that its balance dropped to a two-year low.
Ethereum Accounts for Nearly Half of the Trading Volume on Top Exchanges
Ethereum accounts for almost half of the trading volume on top exchanges compared to a quarter a year ago.
NFT Trading Platform Giant MakersPlace Completes $30M in Series A Financing
Non-Fungible Token (NFT) trading platform MakersPlace announced the completion of a $30 million Series A financing jointly led by Bessemer Venture Partners and Pantera Captial.
Burberry Cooperates with Mythical Games to Launch the First NFT in Blankos Block Party Game
The famous British luxury brand Burberry cooperated with Mythical Games to launch its first non-fungible token (NFT) series that provide players with the verification of ownership and real rights.
Ernst & Young’s Blockchain Technology to Create NFTs for Award-Winning Italian Film
Big-four accounting and auditing firm Ernst & Young’s blockchain-as-a-service dubbed EY OpsChain will create NFTs for the award-winning Italian film La Leggenda Di Kaspar Hauser.
NFT Boom: OpenSea is Recording More Daily Volume than its Total 2020 Volume
Popular NFT Marketplace, OpenSea now processes 650x the daily transaction volumes it did for the whole of 2020.