Olympic champion boxer Oleksandr Usyk launches a new blockchain-powered tokenized ecosystem platform aimed at supporting boxers through their careers.
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.
Web3 companies, events, and jobs available in Dubai have turned the city into a crypto hub, and people are following the lead.6255
After an eventful opening day spanning the impact of Web3 and its growing adoption, Cointelegraph is all set to bring key updates from the second day of PBW Summit.10538
Cointelegraph explored the United Arab Emirates to see how NFTs are used in the region.2049
With the rising popularity of Web3 and the metaverse, songwriters and musicians are wondering what music licensing will look like in this new space.1803
It’s one of the first major NFT marketplaces to join the Bitcoin Ordinals fray, which as of March 21 boasted 567,087 inscriptions.9748
Those wishing to offer feedback to the IRS on having NFTs treated as collectibles, such as coins or works of art, have until June 19 to submit comments.6384
Author Neal Stephenson said that many Web3 problems come from projects wanting to financialize everything very quickly.7504
Web3 was a major theme at SXSW 2023, yet previous hype around NFTs and building during a bear market may be contributing factors to Web3 adoption.1049
Loved the Cointelegraph 2023 Top 100? Readers can grab the profiles as NFTs.3004
The NFT market saw an uptick in wash trading following a recovery in NFT marketplace trading volume, which hit $1.89 billion in February.3717
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.5731
Get started with nine beginner-friendly data science project ideas to enhance your skills and portfolio.9214
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.14745
Just 11,440 NFT traders were active on March 11, which was the lowest figure recorded since November 2021.16159