OpenSea transaction volumes are booming again, a certain influencer was “cancelled” and Madonna might be on the verge of buying a Bored Ape Yacht Club NFT.
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.
Susan Wojcicki stated YouTube's intent to "help creators capitalize on emerging technologies."1018
“You don't give us any percentage of what you make off us, off our kids. And I'm going to change that,” the artist told one paparazzi photographer.1117
With so many crypto projects being launched, founders are now looking beyond “traditional” crypto fundraising options.470
Cointelegraph’s resident experts discuss which NFT marketplace offers the best features.1970
2021 was an eventful year for the German crypto industry. Cointelegraph takes a look at the most important developments of the past year in a review.1500
Each NFT in the "Lennon Connection: The NFT Collection" would be offered as an audio-visual collectible, narrated by Julian Lennon, himself.2305
The pop-culture princess gifted everyone in the audience at ‘The Tonight Show’ with an NFT from her new upcoming collection with Superplastic.4829
The results from a survey by the Game Developers Conference are in, and they reveal a deep-seated distaste for NFTs, crypto and the metaverse.3061
A popular Github contributor called mcclure built a browser plugin that autoblocks Twitter accounts using NFT profile pictures.2430
A “digital-first” model is disrupting the fashion sector, as blockchain technology shows advanced capabilities in Web3 e-commerce and sustainability.2452
- Platform combines Web 3.0 gaming and DeFi for interactive entertainment inspired by Indian Culture and Mythology
To push NFTs into mainstream usage, digital assets must demonstrate utility in addition to scarcity.2912
The NFT marketplace bug was reportedly discovered on Dec. 31, which showed transferred NFTs as listed on OpenSea.5639
Blockchain-based metaverse environments allow brands to offer more user benefits, such as increased interactivity and ownership of virtual items, but will it catch on?12096
“Altcoin” has referred to all cryptocurrencies other than BTC since the advent of ETH. Today, however, many no longer qualify as altcoins.7828