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 The new collection will include cars from the all-time hit Fast & Furious movie franchise. The limited edition …
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SNEAK PEEK Curious Addys and Zeneca are set to help creators to create their first collection. The platform will enable …
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SNEAK PEEK Jack Butcher is releasing a 152-piece generative art collection paired with hand-drawn physical prints. The new collection features …
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SNEAK PEEK Users can trade NFTs with LG’s blockchain-based smart TV. On May 11, the patent related update was published …
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SNEAK PEEK LADYS’ market cap has exceeded $140 million after an instant increase in popularity. Token developers believe that the …
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SNEAK PEEK Elon Musk’s promotion has helped Milady NFT collection reach a high of 7.8 ETH. In less than an …
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SNEAK PEEK Pudgy Penguins CEO Luca Netz discusses how the project bounced back from the mess to create the future. …
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SNEAK PEEK Binance is planning to introduce support for Bitcoin Ordinals within its NFT marketplace. Bitcoin Ordinals has created over …
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SNEAK PEEK NFT trading volumes spiked at the start of 2023, but things have turned slower in Q2. The first …
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SNEAK PEEK Pudgy Penguins has signed a representation deal with WME to broaden its brands and audiences. The partnership is …
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SNEAK PEEK Bored Apes’ Daniel Alegre’s Twitter account is now restored. Yuga Labs has urged users to avoid clicking on …
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SNEAK PEEK Cryptoys has partnered with Disney to sell digital toys inspired by the iconic characters of the Star Wars …
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SNEAK PEEK Chastain bought and sold NFTs he had decided to feature on OpenSea’s website. He made illegal profits worth …
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SNEAK PEEK Blur has introduced the expiry-less peer-to-peer NFT perpetual lending protocol Blend. The protocol aims to increase liquidity for …
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SNEAK PEEK Doodle Stoodios will provide an array of opportunities for artist and brand partnerships. Doodle holders can create their …