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.
HolyShxxt!'s NFT and Future GameFi plans Shows HK's Potential
Hong Kong-based non-fungible token (NFT) and blockchain developer HolyShxxt!'s release of NFTs and their plan to launch a strategic football management simulation GameFi shows the potential growth of the fusion of gaming and blockchain-powered financialization in the city and globally.
South Korean Movie Industry Embraces NFTs by Offering Merchandise and Collectible Tickets
To attract more viewers, the Korean movie industry has gone a notch higher by incorporating non-fungible tokens (NFTs) as a marketing tool.
Walmart to Launch its own Crypto and Collection of NFT
US retailer Walmart is actively engaging in Metaverse, with documents filed with the US Patent and Trademark Office late last month, showing that the company is preparing to create its own collection of crypto and NFTs.
OpenSea Sets New Record for Monthly Ether Trading Volumes at $3.5B
PopularNFT marketplace, OpenSea, has printed a new All-Time High (ATH) in Ethereum trading volume for January as collectors showcase their willingness to break new records in this new year.
Pope Francis’s Pontifex Carpet Gift Sold as NFT for Charity Purpose in Afghanistan
A Pontifex carpet gifted to Pope Francis by Sheikh Mohamad Bin Zayed Al Nahyan during his visit to the Vatican in Sept 2016 was sold as an NFT for 25 Ether, approximately $81,886.
NFT Platform LÜM Cooperates with 25 World-renowned Musicians to Launch the "Access Pass" NFT
U.S.-based music blockchain NFT platform LÜM has announced a partnership with 25 world-renowned musicians to launch the “Access Pass” NFT.
NFTs will be Everywhere in the Future because of Proof of Ownership, Expert says
Caroline Alexander, a finance expert at the University of Sussex, believes that non-fungible tokens (NFTs) will be everywhere in the future because anything that requires proof of ownership will be an NFT.
Total NFT Sales Hit $25B in 2021
The explosion in popularity of non-fungible tokens (NFTs) topped its sales to some $25 billion in 2021, data from market tracker DappRadar shows.
Mozilla Foundation Backtracks on Accepting Cryptos after Backlash
Mozilla has reversed its stance on accepting cryptocurrencies after facing backlash over concerns about the impact cryptocurrency mining has on the environment.
GameStop Shares Surges 26% after Announcing Entry into NFT, Crypto Markets
GameStop said the company is entering the NFT market. Its shares on the Nasdaq exchange, GME, rose 26% in after-hours trading after the announcement.
NFTs will Outrun Bitcoin due to the Proof of Ownership for Real-World Items, Kevin O’Leary says
Kevin O’Leary believes that NFTs have a bigger shot of surpassing Bitcoin because they can digitally show ownership of real-world things like flash cars or designer watches.
Drone Racing League Partners with Hivemind's Playground Labs, Launch First P2E Game on Algorand Blockchain
Professional drone racing League joins the Metaverse world by launching its first game on the Algorand blockchain in partnership with Playground Labs.
4-Year-Old OpenSea Raises $300M in Venture Capital, Valuation Reaches $13.3B
OpenSea has raised $300 million in new venture capital, bringing the total valuation to a staggering $13.3 billion in just four years after it was founded.
South Korea’s Presidential Nominee to Raise Campaign Funds by Using NFT
The campaign office of Lee Jae-myung, a South Korean Presidential aspirant, has announced the plans to raise funds through a blockchain-based digital platform with plans to issue a Non-Fungible Token (NFT) to donors afterwards.
Taiwan Musician Jay Chou Enters the Metaverse NFT Market, Earning Nearly $10M
Taiwanese pop singer and musician Jay Chou has ventured into the meta-universe, earning nearly $10 million.