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NFT News

What are NFTs? NFTs explained in brief: Nonfungible tokens, or NFTs, are verifiably unique representations of digital and physical goods. Each NFT generally differs in makeup, and therefore likely differs in value as well. 

In the physical world, U.S. dollars are fungible. No value is forfeited if a person trades any given paper U.S. dollar for a different paper U.S. dollar. On the other hand, something such as artwork is generally nonfungible. The “Mona Lisa” is not of equal value to “The Persistence of Memory,” as both artworks are unique, deriving value as such. 

Based on distributed ledger technology, NFT crypto assets serve as a method of authentication for buyers of unique items, proving aspects such as ownership. NFTs became much more well known in 2020 and 2021. NFTs have potential for other use cases as well, such as companies tracking their internal resources or platforms verifying subscriptions and use.

News
Dapper Labs acquires social startup Brud, German’s Bundesliga partners with Sorare, Archdiocese of Bangkok launches first-ever Catholic NFT and Etched to launch...
Nifty News: Dapper Labs pursuing DAOs, Bundesliga partners with Sorare, and more.
Tom Farren
2021-10-06T16:45:00+01:00
3096
News
Released in 2017, L.O.L. Surprise doll was MGA’s best-selling U.S. toy property for three consecutive years.
$25B toy brand to launch L.O.L. Surprise NFT collectibles
Helen Partz
2021-10-06T13:55:00+01:00
7837
News
Some members of the NFT project are attempting to continue the development of the game, while efforts are underway to apprehend the alleged culprit.
‘Evolved Apes’ NFT creator allegedly absconds with $2.7 million
Osato Avan-Nomayo
2021-10-06T10:54:40+01:00
17713
News
The Mirror Protocol now accepts any contributor as long as they have an Ethereum address and wallet.
Mirror opens access to its blockchain blogging platform to all
Martin Young
2021-10-06T06:13:14+01:00
7340
News
NFT gaming studio Sky Mavis plans to pursue further expansions in the emerging play-to-earn arena.
Axie Infinity developer secures $152M in Series B funding from investors
Osato Avan-Nomayo
2021-10-05T11:46:30+01:00
7101
News
“[Crypto] is a trend that has barely started — money is the easiest application and the Bitcoin use case started there,” said Bank of America.
Bank of America offers bullish outlook for DeFi and NFTs
Brian Quarmby
2021-10-05T07:29:48+01:00
9984
News
“This is basically the same as making a joke that you stole the Mona Lisa by taking a photograph of it,” said Twitter user Sergey Pshenichkin.
Tweet mocking how little value NFTs have... is turned into $5K NFT
Turner Wright
2021-10-05T01:03:59+01:00
15487
Interview
Cointelegraph spoke to Chris Le, the co-founder of NFT sneaker brand RTFKT Studios for an exclusive insight into the project’s vision and ambitions.
‘We want to be the brand of the metaverse,’ says RTKFT’s Chris Le
Tom Farren
2021-10-04T14:51:25+01:00
12170

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