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Learn how IPMB controls its gold supply chain and offers a novel approach to tokenized gold investments.
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Latest News on 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.
- Explained
Wash trading and money laundering distort NFT markets, creating fake demand and facilitating illicit activities.
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NFTs last year had their worst year since 2020, recording $13.7 billion in trading volume and under 50 million in sales, according to DappRadar.
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Sky Mavis released the trailer for Atia’s Legacy, a new MMO set in the Axie universe, promising enhanced gameplay and NFT-based referral rewards.
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Trump-owned company DTTM Operations filed a trademark for “TRUMP” in relation to a metaverse and an NFT marketplace.
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Yuga Labs said the SEC has dropped its probe into the NFT conglomerate, which the agency first launched in late 2022.
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Gambling company DraftKings has agreed to pay a $10 million settlement to a group of NFT buyers that accused it of selling unregistered securities.
6713 - Spotlight
The gaming platform of the DEX kicks off with the new play-to-earn game, adding an exciting new dimension to the ecosystem and giving users a fresh engaging way to interact with the blockchain.
8898 - Newsletter
OpenSea co-founder and CEO Devin Finzer said the SEC dropping its investigation into the NFT marketplace is a huge win for the space.
2604 - Opinion
The post-Bitcoin halving period brings new opportunities and challenges that will shape the future of decentralized technology and its influence on global markets.
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OpenSea founder Devin Finzer announced that the SEC is closing its investigation into the NFT platform, calling it “a win for everyone” in the industry.
5599 - Newsletter
OpenSea teased its upcoming token launch and airdrop, clarifying that SEA will be available to users based in the United States.
11634 - News
FTX is set to repay $1.2 billion to creditors on Feb. 18, marking a key step in the exchange’s bankruptcy proceedings.
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OpenSea has paused XP rewards for listing and bidding on collections in its new platform following feedback from the community.
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The token launch is part of a broader revamp of the protocol, which its CEO says became too “corporate.”
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