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NFTs
Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.
Elon Musk Tweets a Milady NFT, Floor Price Soars on OpenSea
The Twitter CEO shared a gif of the counterculture NFT declaring, “There is no meme, I love you,” shooting the collection to the top trending spot on the marketplace.
Binance’s NFT Marketplace Adds Support for Bitcoin NFTs
The leading cryptocurrency exchange will allow NFT collectors to purchase tokens on the Bitcoin network directly through their Binance accounts – bypassing the need to create a separate wallet for inscriptions.
NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity
Blend, the name of NFT marketplace Blur’s new lending platform, allows traders to lease NFTs to bolster liquidity. However, concerns have been raised about its impact on broader NFT markets.
Alibaba Says ‘Open Sesame’ to Web3
The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform.
Palm NFT Studio Rolls Out Generative Art Tool for Creators
The product plugs into the Unreal Engine, a 3D software tool helping creators build out generative art NFT collections.
Bitcoin Ordinals Surge to 3M Inscriptions, but Most Are Just Text
Over $8 million in fees have been paid to the network by inscription creators since their inception.
NFT Collection Goblintown Will Prioritize the ‘Worst’ Traders in Second Season Mint
Big Inc, the sequel to the goblin-themed collection, will be giving a 50% discount to token holders who mint using the meme coin PEPE.
Sotheby's Launches On-Chain Secondary NFT Marketplace
Sotheby’s Metaverse will now offer a curated, peer-to-peer marketplace via the Ethereum and Polygon networks.
'Shark Tank' but Make It Crypto: CoinMarketCap Launching Competition TV Show
"Killer Whale" will allow entrepreneurs to pitch ideas for new Web3 products and projects to a panel of judges.
