The protocol will expand to liquid staking and layer-2 solutions while retaining its NFT lending services.
What are NFTs? NFTs explained in brief: Nonfungible tokens, or NFTs, are verifiably unique representations of digital and physical goods. Each NFT generally differs in makeup, and therefore likely differs in value as well.
In the physical world, U.S. dollars are fungible. No value is forfeited if a person trades any given paper U.S. dollar for a different paper U.S. dollar. On the other hand, something such as artwork is generally nonfungible. The “Mona Lisa” is not of equal value to “The Persistence of Memory,” as both artworks are unique, deriving value as such.
Based on distributed ledger technology, NFT crypto assets serve as a method of authentication for buyers of unique items, proving aspects such as ownership. NFTs became much more well known in 2020 and 2021. NFTs have potential for other use cases as well, such as companies tracking their internal resources or platforms verifying subscriptions and use.
This eco-friendly blockchain ecosystem redefines financial stability by integrating gold, offering a sustainable and inclusive economic model.19316
A new NFT-powered game is vowing to continue Pokémon’s legacy — allowing players to collect mythical creatures in an immersive world.10712
Investment management company Tiger Global marked down its stakes in the NFT marketplace OpenSea by 94%.3475
Rarible has cemented its commitment to NFT royalty enforcement by launching a testnet for an EVM-compatible chain with embedded royalties at the node level.6893
Game developer Square Enix announced the auction dates for NFTs of its upcoming blockchain game Symbiogenesis.2764
Several new research studies indicate that personal experiences may be the NFT market’s primary mover.1546
Bioniq operates on the Internet Computer Protocol, tapping into native Bitcoin integration to ease the network congestion and high fees associated with Ordinals inscriptions.1620
The soccer star’s Binance-tied NFTs allegedly promoted investments in unregistered securities on the crypto exchange.24308
Greed, irrationality and anxiety have contributed to chaos in the crypto market. Investors should work on self-improvement if they want the industry to succeed.3761
Scammers posing as Forbes journalists have been targeting BAYC holders to set up interviews and distract them while they attempt to steal their apes.9968
The DAO previously proposed a lawsuit against Azuki creator Zagabond over a dilutive $39 million NFT minting that took place in June.14363
The company said Symbiogenesis NFTs will be auctioned off in three separate phases.7240
NFT marketplace Blur allocated a total reward pool of 300 million tokens, worth around $146 million, for traders who use their platform.6106
The creator of the Mutant Ape Planet NFT collection pleaded guilty to wire fraud in a New York federal court.2514