With privacy tools that completely obfuscate transactions, a seven-year-old blockchain is moving its liquidity to decentralized exchanges.
A crypto token is an asset based on the blockchain of another asset, which is called a coin. Part of the definition of tokens is that they do not run on their own blockchains — a key distinction in clearing up the token vs. coin confusion.
Projects often build solutions on existing networks, such as Ethereum. Ethereum has a coin, called Ether (ETH), running on its blockchain. The majority of the tokens built on the Ethereum blockchain are ERC-20 tokens, or ERC-721 tokens if they are nonfungible tokens, or NFTs.
Each project typically employs its own token, meaning that the token runs on the blockchain on which the project was built. An entity can create a cryptocurrency token for a number of reasons, including use within a broader ecosystem. ICO tokens were popular during the initial coin offering boom of 2017.
NFTs present a revolutionary and innovative technology, but their real value has been obscured by hype.2988
A decentralized project is building nonfungible tokens that can store other NFTs and get them to work together and take actions, even on smart contract-free blockchains.1016
The platform has previously partnered with an NHL team as well as the UFC, but this is the first time an NBA franchise will integrate its branding.2163
NFTs are everywhere, but there’s one industry where these digital collectibles are yet to make a big splash: The $115 billion movie industry.1692
The "Official Tiger King NFT” auction will kick off on major nonfungible token marketplace Mintable on Friday.8885
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.4139
A mobile firm experienced in helping companies engage, manage, and monetize mobile users sees blockchain as a way to escape tech giants’ grip on consumer data.7415
A privacy-enabled blockchain platform delivers high levels of scalability and the ability to tokenize data, unlocking a plethora of powerful use cases.6004
Andreessen Horowitz and Polychain Capital led the raise, with additional contributions from Alameda Research, Blockchange Ventures, CMS Holdings, Coinfund, CoinShares, Collab Currency, Memetic Capital and many others.17512
A peer-to-peer marketplace for NFT artwork is expanding its horizons, partnering with a project forming farming pools and a fantasy sport site that uses NFT player cards.8039
The partnership enables investors to purchase grams of accredited gold as ERC-20 tokens.9295
In lieu of expanding the main ledger's functionality, Ripple's developers argue that using federated sidechains will help preserve the blockchain's leanness and efficiency for payments.8626
Layer-2, DEX liquidity pool position strategies, and insurance is on the horizon for the rapidly-expanding team.17557
NFTs are useful for a wide range of everyday payment/transaction purposes — but first, there needs to be more decentralization.9228