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.

Analysis
Traditional publishers are using NFTs to build communities and engage with audiences.
Blockchain and NFTs are changing the publishing industry
Rachel Wolfson
2022-08-09T16:15:00+01:00
3185
News
The 1inch Network has integrated its aggregation and limit order protocols to the burgeoning Klaytn blockchain mainnet.
1inch plugs into Klaytn as Asia continues to climb aboard
Gareth Jenkinson
2022-08-09T15:07:35+01:00
860
Interview
Korean experts believe that crypto would play a major role in the gaming ecosystem, and within the next three years, the majority of games might have an in-game...
GameFi and crypto ‘natural fit’ for game publishers: KBW 2022
Prashant Jha
2022-08-09T10:17:27+01:00
1011
Event
Robust property rights in the physical world are one of the key indicators of a wealthy economy — and that’s exactly what digital property rights enable in Web3...
KBW 2022: Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu
Brayden Lindrea
2022-08-09T07:19:30+01:00
1505
Interview
Sky Mavis co-founder and growth lead Jeffrey Zirlin says Axie Infinity wants to double down in South Korea, which they see as one of the most important gaming m...
Axie Infinity looking to ‘double-down’ on Korean market: KBW
Brian Quarmby
2022-08-09T06:57:21+01:00
3842
News
“You would be able to eg. send an NFT to vitalik.eth without anyone except me (the new owner) being able to see who the new owner is,” said the Ethereum co-foun...
Vitalik Buterin proposes stealth addresses for anonymous NFT ownership
Turner Wright
2022-08-08T18:45:00+01:00
3642
News
A valuable CryptoPunk NFT is to be fractionalized as more than 56,000 addresses sign up for a share of ownership.
A slice of the punk: CryptoPunk NFT to be split into thousands of pieces
Gareth Jenkinson
2022-08-08T14:10:15+01:00
3970
Interview
The StarkWare co-founder announced the launch of its new Recursive validity proof technology on Sunday in Seoul.
60 million NFTs could be minted in a single transaction — StarkWare co-founder
Brayden Lindrea
2022-08-08T04:28:50+01:00
3267

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