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 Amazon’s In-House NFT Initiative Set to Feature Beeple and Pudgy Penguins. Amazon’s new initiative was reported in January. …
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SNEAK PEEK Flybondi has grown its collaboration with NFT ticketing company TravelX to issue tickets as NFTs on the Algorand …
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SNEAK PEEK Alpine Race Day collectibles will be available on Binance in April 2023. Along with the BWT Alpine F1 …
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SNEAK PEEK Activist artist Nadya Tolokonnikova is a part of a wanted list in a 2021 NFT representing the Virgin …
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SNEAK PEEK Wakweli and Polygon have partnered to enhance NFT authenticity by providing a certification system for all digital assets …
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SNEAK PEEK NFT project y00ts has executed its much awaited shift from Solana blockchain to Polygon network. Holders must migrate …
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SNEAK PEEK Legends of the Mara provides an immersive gaming experience and enables voyagers to claim a Vessel NFT, engage …
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SNEAK PEEK NFT collector Brandon Riley accidentally deleted an NFT with 77 ETH from circulation. The incident happened when Riley …
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SNEAK PEEK The Otherside Meta game team urges users to protect their accounts by being mindful of who they engage …
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SNEAK PEEK The Sandbox and Ledger Enterprise come together to provide metaverse brands with better security. The partnership will enable …
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SNEAK PEEK In a legal matter based on testing the way blockchain technology relates to rights of artists, a New …
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SNEAK PEEK Nexon will develop an exclusive, application-specific Polygon Supernet to back the blockchain ecosystem of MapleStory Universe. Polygon Supernet …
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SNEAK PEEK An increase in wash trading for the fourth consecutive month seen on the top six NFT marketplaces with …
Metaverse
SNEAK PEEK Nissan has filed four Web3 trademarks for its Infiniti, Nismo and Nissan brands on March 7. The company …
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SNEAK PEEK The last 12 months have been unfortunate for NFT projects. Project owners and holders have been losing interest …