If you’re new to the world of blockchain technology, you may have heard the term “smart contract” being thrown around. It’s an incredibly important component of Decentralized Finance, so let’s take a deeper look at what smart contracts are and what they can accomplish. What Is A Smart Contract? Smart contracts are self-executing contracts that …
In 2021, as our buying habits continue to shift online, boosted by the lockdowns and restrictions, this created the perfect climate for NFTs. NFTs were first created in 2014 and since then the sale and auction of NFTs has reached climatic highs, from tweets like that of Jack Dorsey, Twitter’s CEO, to music videos, to …
Artists, singers, or public figures must have caught the NFT wave as quickly as the crypto market volatility has come and gone. Previously, the NFT marketplace announced a plan to launch its first NFT marketplace in the United States. The new marketplace will be the launch pad for Niftify’s customer expansion. According to the company, …
Read more “Niftify To Launch NFT Marketplace in US: Backed By Polygon and Bittrex Global”
For the week ending on Christmas, global searches for the term “NFT,” which refers to nonfungible tokens, have surpassed “crypto,” according to Google Trends. The sharp increase in search traffic for NFTs offers a clear indication that digital collectibles have entered mainstream consciousness, with transactions on OpenSea, the most popular decentralized platform for NFT auctions …
Read more “Global search interest for ‘NFT’ surpasses ‘crypto’ for the first time ever”
The crypto world was always a little offbeat, but with NFTs that unpredictability is amplified. NFTs are a component of the crypto ecosystem, traded and HODLed and flipped for profit, or liable to get you rekt, and yet there are some factors that distinguish NFTs from the rest of crypto. Contempt That is a strong …
Arcade, a decentralized finance (DeFi) marketplace and NFT lending platform, has raised a total of $15 million in its Series A investment round with an aim to lead the financialization of high-value non-fungible tokens (NFTs). Leading global investors, including Pantera Capital, Castle Island Ventures, Franklin Templeton Blockchain Fund and Golden Tree Asset Management joined the …
Read more “NFT Lending Platform Arcade Raises $15 Million in Series A”
Ubisoft entered the NFT market after Tom Clancy’s Ghost Recon Breakpoint was announced as the first game to provide NFTs in a beta trial in select countries. Ubisoft Quartz, an NFT venture that allows players to buy artificially rare digital products with bitcoin, was launched earlier this month. The AAA industry’s first real venture into …
Read more “Riding On Recent NFT boom, Game Publisher Ubisoft Pushes For NFT Adoption”
It’s time for NFT 2.0. Those who have not dipped their toes in NFT 1.0 already may say that NFT 2.0 came too quickly, but non-fungible tokens do have the capacity to surprise. If 2021 was a milestone for NFTs, 2022 and beyond will be its technological seven-mile step. Considering that a handful of the …
Arcade, a decentralized finance (DeFi) marketplace and NFT lending platform, has raised a total of $15 million in its Series A investment round with an aim to lead the financialization of high-value non-fungible tokens (NFTs). Leading global investors, including Pantera Capital, Castle Island Ventures, Franklin Templeton Blockchain Fund, and Golden Tree Asset Management joined the …
Read more “NFT Lending Platform Arcade Raises $15 Million in Series A”
Artnet, founded in 1989 and one of the world’s largest platforms for fine art with over 60 million unique annual users, has launched into the world of NFTs. With an outstanding reputation for helping people discover, research, and collect art, it was a natural progression. Today, Artnet Auctions hosts more than 70 curated auctions annually. …
Read more “ArtNet Launches dedicated NFT Platform with ArtNFT: Beginnings Collection”
Nonfungible token, or NFT, became such a tech buzzword in 2021 that even Collins Dictionary declared the abbreviation its word of the year and Google searches for NFTs spiked to record levels. Behind the term is a market that approaches $17 billion, according to Cointelegraph Research. And the NFT marketplace OpenSea is responsible for processing …
On Tuesday, Solana nonfungible token (NFT) project Monkey Kingdom, which has received notable backing from American DJ Steve Aoki, announced via Twitter that hackers made off with $1.3 million of the community’s crypto funds through a security breach on Discord. According to its developers, the hack first occurred with the breach of Grape, a popular …
Arcade, a platform that allows users to utilize nonfungible tokens as loan collateral, has raised $15 million in a Series A funding round with participation from Pantera Capital. In a Wednesday announcement, Arcade said Pantera, Castle Island Ventures, Franklin Templeton Blockchain Fund, Golden Tree Asset Management, Eniac Ventures, Protofund, Probably Nothing Capital, and Lemniscap in …
Read more “NFT-collateralized loan platform Arcade raises $15M in funding round”
Former US President Donald Trump is no fan of cryptocurrencies, and he is making that known once again. The only currency he wants is the US Dollar. Trump has been a critic of cryptocurrencies for quite some time now, and this outlook isn’t changing anytime soon. Even if the former FLOTUS Melania Trump has warmed …
Read more “Former POTUS Donald Trump Says Crypto is Dangerous But Praises Melania’s NFT Project”
Xinhua News Agency, a Chinese state-run media company, has revealed that it will soon issue China’s first “news digital collectibles” in the form of non-fungible tokens (NFTs), Xinhua Launches NFT Collection In an official announcement on Wednesday, Xinhua will issue a total of 110,001 copies of unique photographs taken by journalists in 2021. According to …
Read more “China’s Biggest News Agency Xinhua to Launch NFT Collection”
The price of the cheapest Bored Ape NFT for sale is now 53.9 Ether (ETH), or $215,067, while the minimum asking price for a CryptoPunk is 52.69 ETH, which is currently worth $210,239, according to OpenSea. All month long there has been speculation about the possibility of Bored Ape flipping CryptoPunks in terms of NFT …
Read more “Bored Ape Yacht Club NFTs catch up to CryptoPunks, flips floor price”
According to a press release Blockchain network Flare Networks previously announced a partnership with Fan Controlled Football (FCF) league. The partnership will see Flare become FCF’s global partner and sponsor for the next season. The sports industry was hit hard by the pandemic in 2021, and the arrival of 2021 promised to bring back the …
Read more “Flare Teams Up With Fan Controlled Football League To Release NFTs & DAO”
When calculating the return of an NFT collection, most analysts calculate the average return. For example, the first CryptoKitties were sold in December 2017 for an average price of $3.24 each. On the first day, 105 CryptoKitties were created, and a total of $340.63 worth of Ether (ETH) was spent on those CryptoKitties by different …
Read more “Which NFT collection has been the most profitable?”
[PR – Vilnus, Lithuania, 20th December 2021, Chainwire] Sketchar makes one more step to the Decentralized Creator Economy and starts to build Web3 monetization infrastructure to support creators in a completely new way. Why Web3? It is largely built on new layers of technological innovation and we love it. With the Create to Earn model, …
Read more “Sketchar Launches Pre-sale Drop on New NFT marketplace”
There is no doubt that the NFT space has performed exceptionally well this year. A recent Sotheby report proved this right as it indicated that the traditional auction house netted around $100 million from NFT auctions in 2021. Another traditional auction house, Christie’s has just announced via Twitter that the combination of all of its sales in the space …
Read more “Christie’s net $150 million in NFT sales dominated by Beeple”