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.
Cryptocurrency News
SNEAK PEEK Bitcoin NFT sales have skyrocketed by 80% week-over-week, surpassing Ethereum’s sales volume and signaling a notable trend in …
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SNEAK PEEK Yuga Labs unveils Otherside Metaverse, allowing users to create their adventures, sparking varied reviews. Telegram introduces revenue sharing …
Cryptocurrency News
SNEAK PEEK A Bitcoin Ordinals trader accidentally spent over $13,000 worth of Bitcoin on an NFT instead of the intended …
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SNEAK PEEK MixMob, a Solana-based gaming platform, secures licensing rights to incorporate iconic Star Wars stormtroopers into its upcoming game, …
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SNEAK PEEK VanEck, a global asset management powerhouse, unveils SegMint, a cutting-edge digital asset management platform coupled with an NFT …
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SNEAK PEEK PolyOne and Necrofear FX team up for an exclusive NFT collection featuring three captivating pieces. Necrofear FX’s gothic-inspired …
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SNEAK PEEK Blockchain sleuth ZachXBT’s relentless pursuit pays off: recovering the lion’s share of stolen NFT funds after a rigorous …
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SNEAK PEEK Solana blockchain’s digital art market surpasses $5 billion in total sales volume. Market experiences revival with 192% increase …
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SNEAK PEEK Greg Solano steps up as the new CEO of Yuga Labs, aiming to infuse the Bored Ape Yacht …
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SNEAK PEEK Sports Illustrated’s SI Tickets moves its NFT ticketing platform, Box Office, to the Avalanche blockchain through a partnership …
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SNEAK PEEK Panini and WWE collaborate on a groundbreaking series of digital trading cards. Fans can experience the excitement of …
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SNEAK PEEK The Glenlivet Distillery launches a limited collection of 50-year-old whisky with AI-generated labels. The sale marks the 200th …
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SNEAK PEEK DN404 introduces a more efficient way to trade NFT fractions, improving on ERC-404’s design. It uses a dual-contract …
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SNEAK PEEK Pudgy Penguins and Bored Ape Yacht Club are now neck and neck in the race for NFT supremacy, …
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SNEAK PEEK Ray Chan buys a rare Stephen Chow NFT for $47,300, paying 3,155% above its base price. The NFT, …