NFT News
What is NFT?
NFT stands for non-fungible token; wherein, non-fungible means unique and irreplaceable. Being a digital asset with one-of-a-kind identifying code, an NFT represents real-world objects like videos, music, arts and in-game items. Purchased and sold online using cryptocurrency, majority of the NFTs are part of the Ethereum blockchain.
Been around since 2014, their craze has evolved in the past few years with more & more celebs and artists trying their luck and building a fortune out of them. It won’t be wrong to say that non-fungible tokens are becoming an increasingly popular way to buy and sell digital artwork. Furthermore, they give the artists and creators ownership of their work. The market for NFTs was worth a staggering $41 billion in 2021 alone, an amount that is approaching the total value of the entire global fine art market. Moreover, about $174 million has been spent on them since November 2017.
Keep up with the latest news related to the NFT marketplace with us. Here, you will find updates and details about anything and everything happening in each and every kind of NFT. We follow the NFT market very closely and ensure our readers remain in touch with news that makes headlines in the NFT streets.
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SNEAK PEEK Kraken launches NFT Marketplace with 250+ collections, eliminating gas fees for users. Kraken’s inclusive approach offers both premium …
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SNEAK PEEK Puma announces NFT collaboration with LaMelo Ball and Gutter Cat Gang, challenging Nike’s dominance. The ‘MB.03 Guttermello’ collection …
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SNEAK PEEK Louis Vuitton introduces “Treasure Trunks” NFTs, merging luxury fashion with blockchain technology. Each NFT has a handcrafted Louis …
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SNEAK PEEK Illuvium and GameStop have formed a groundbreaking partnership to release a collection of 20,000 NFTs called “Illuvitars.” The …
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SNEAK PEEK Apple is set to announce its Reality Pro AR headset at the upcoming Worldwide Developers Conference (WWDC23). The …
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SNEAK PEEK Renowned NFT creator ben.eth suffered a financial setback due to a logic error in his latest NFT contract. …
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SNEAK PEEK The SpiritDao DAOComic NFT contract can be optimized to reduce gas costs by leveraging ERC721A. The optimization involves …
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SNEAK PEEK Battle ally NFTs provide advantages in vanquishing the Shattered. The strategic advantage for low-tier environmental owners in the …
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SNEAK PEEK Sony has launched an incubator program in collaboration with Astar to invest in Web3, NFT, and metaverse firms. …
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SNEAK PEEK Binance has announced the launch of its NFT loan service. The service allows NFT holders to borrow against …
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SNEAK PEEK LayerZero Labs integrates with zkSync, enabling seamless cross-chain communication. Smart contracts revolutionize NFT transactions between Ethereum and zkSync. …
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SNEAK PEEK Pudgy Penguins is using real toys and an online world to welcome users to NFTs. Besides toys, users …
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SNEAK PEEK Scammer @3PECEART duped the 6529 team to get included in @6529Collections. 3PECEART has a history of doing scams …
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SNEAK PEEK Blend is leading the market within weeks after its launch. Availability of popular NFT collections like BAYC, MAYC …
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SNEAK PEEK NFT collections have gained popularity in China ever since crypto trading has been banned. China’s top national agency …