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NFT News
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.
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Pre-summit events such as the Talent Fair, Startup Competition and Investors Day made up the day on March 20 at Paris Blockchain Week.
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The NFT market saw an uptick in wash trading following a recovery in NFT marketplace trading volume, which hit $1.89 billion in February.
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Airdrops were created as a marketing tool before the ICO era, rewarding traders for promoting the project and holding its token for a certain period.
3098 - Overview
Get started with nine beginner-friendly data science project ideas to enhance your skills and portfolio.
7255 - Recap
Cointelegraph went to an electronic dance music concert and spoke to projects at the recent AIBC Dubai event to see how nonfungible tokens are used in the United Arab Emirates.
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Just 11,440 NFT traders were active on March 11, which was the lowest figure recorded since November 2021.
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The NFT project doodles is looking to go beyond being an NFT project, with plans to become a "leading media franchise."
3129 - Explained
Fan tokens represent a new revenue stream for clubs and a reward system for fans. Find out here what fan tokens are and how they work.
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Unsuspecting users looking to claim Blur token airdrops have had funds stolen by a number of fake websites.
9150 - News
The platform didn’t disclose the reason for its closure, but Solana NFTs haven’t been having the best run lately.
16629 - Newsletter
Meta discontinues NFT services on Instagram and Facebook, and Binance NFT marketplace adds support for trading NFTs on the Polygon blockchain network.
2151 - Spotlight
NFT shopping becomes a real-world experience in Dubai, with physical stores opened in the international business hub.
21761 - News
The new features allow a user to manage which servers are able to receive their IP address.
4937 - Spotlight
AI-powered blockchain analytics aims to protect NFT users from security issues haunting the ecosystem.
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