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: Robbie Acers, an NFT collector, alleged that OpenSea locked his account after the scam. He has been requesting …
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SNEAK PEEK: Porsche announced that minting is closed, but Porsche NFTs are going to close Porsche’s original plan was to …
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SNEAK PEEK: Porsche shared future plans in a recent tweet that stated the advantages for all the holders. It brings …
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SNEAK PEEK: Cygaar spends five days in a quest to exploit Dookey Dash from BAYC; was successful after several attempts. …
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Metamask Support is trying to warn users to be wary of scammers. Fraudsters who generate duplicate counterfeit websites may purchase …
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Doodles 2 is launching on Flow Blockchain. Doodles NFT owners will be able to customize their avatars for different platforms. …
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One Autoglyph NFT and 25 Chromie Squiggles were two nonfungible tokens (NFTs) taken from the co-founder of PROOF. Moonbirds lost …
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LayerZero’s penguineering team collaborated with an enthusiastic team of Wizard Hat Pudgy Developing the Pudgy Penguins ecosystems to connect and …
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SNEAK PEEK The mint event release date for the Company’s distinctive “NFT” collection has been set on February 28, 2023. …
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SNEAK PEEK Director Miguel Faus’ “Calladita” won the Andrews/Bernard Award at the Film3 on the Mountain conference. The award was …
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SNEAK PEEK Brave group has been choosing to focus on continued growth centered on its own intellectual property. The total …
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SNEAK PEEK Porsche’s entry into the Web3 domain is reason for joy among NFT collectors. Porsche revealed that the NFTs …
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SNEAK PEEK Nike’s .SWOOSH virtual apparel experiment finally goes live on Polygon on January 25, 2023. The inaugural collection inspired …
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SNEAK PEEK The Dookey Dash domain will be unavailable for upkeep. BAYC has pre-purchased powershart packets. Dookey Dash is a …
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SNEAK PEEK Fractal, developed by Twitch Co-Founder Justin Kan, is expanding into the Polygon network to boost accessibility. The expansion …