Porsche announces NFT subsidiary, Chainlink oracles unlock special NFT content, and Mark Cuban continues to invest millions into companies targeting nonfungibles.
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.
Backing from institutional investors and a series of new partnerships could help ALGO break from its current range in the coming week.13618
Les Bleus players and their sports stats will be tokenized on the blockchain for trading and playing in fantasy games.14129
DeFi gets a bad rap for being complex, technology makes it simple enough to cut out middlemen in non-finance industries ranging from energy to e-commerce.1256
“We can now put this launch and Neil Armstrong’s historic achievements on the immutable ledger and memorialize and tokenize it on an NFT that the public can participate in,” said Ethernity Chain CEO Nick Rose.7405
Rocket Protocol has been rebranded to Rangers Protocol after completing a major investment round. Pantera, Huobi Ventures Blockchain Fund and Alameda Research are among the backers.4130
This nonfungible token platform specializes in the world of football — and it’s doing things a little differently to the many other NFT marketplaces out there.2272
Combining NFTs and DeFi, a launchpad will support creative artists, coders, and inventors seeking to monetize their intellectual property.2019
Nonfungible tokens present a new way of interacting with the arts, music, sports and the media — and even more.4785
Nine in-person NFT galleries and exhibitions have already opened or are set to open this year, and one could be near you.11763
Nvidia’s new Voyager campus is serving as a testing ground for what it will look like when then-metaverse meets the physical world.59596
A journey that started with trading shitcoins has now become a growing passion for NFTs — part of a wider wave of NBA players and cultural tastemakers taking over the blockchain space.39494
Local exchanges now have until July 11 to update their rules for listing tokens in order to be in compliance with SEC guidelines.20690
That picture of a dog staring into the camera in formal posture.. you know, the one that sparked the Doge meme? Someone just sold it for millions in Ether.11821
A video-on-demand platform seeks to support producers, empower viewers and make cinema a shared experience #Sponsored3069