Investors in cryptocurrencies invest in Fungible Tokens, which are exchangeable. So, for example, when one exchanges one Bitcoin for another, there is no one among the exchanging parties who bears any disadvantage from the exchange. Non-fungible tokens, on the other hand, represent digital property that is unique. These can be, for example, works of art,…
You already heard about “Profile Pics” in the NFT Ecosystem. These are series of images (often 10,000 individual variations of a motiv), that can be used as user images in social media. Alternatively, they’re also called “avatar” projects. The best-known PFPs are the CryptoPunks. The CryptoPunks were created by two creative software experts, John Watkinson…
We released our platform on the production environment on 22/2/22 and start with a beta phase and will continuously develop the application. In the current beta phase, artwork can be uploaded, edited, created and tokenized. All this with just a few mouse clicks. So next we will release our auction house. The auctions will run…
“More than $2.2m worth of NFTs were stolen from the New York-based art collector and gallerist, Todd Kramer, according to a series of now-deleted tweets.” Read more: https://www.theartnewspaper.com/2022/01/05/i-have-been-hacked-collector-loses-more-than-dollar2m-of-nfts-overnight
“An upstart NFT platform called LooksRare has gone live today, as more marketplaces continue to crop up to try to take on market leader OpenSea. LooksRare claims to be a community-focused marketplace that will develop new features based on what its users want.” Read more: https://www.theblockcrypto.com/post/129677/nft-marketplace-looksrare-goes-live-with-vampire-attack-on-opensea
“GameStop Corp. GME -6.81% is launching a division to develop a marketplace for nonfungible tokens and establish cryptocurrency partnerships, according to people familiar with its plans, pushing the company into much-hyped areas as it tries to turn around its core videogame business.” Read more: https://www.wsj.com/articles/gamestop-entering-nft-and-cryptocurrency-markets-as-part-of-turnaround-plan-11641504417
“Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has today announced the launch of the Subscription Mechanism feature. With this new feature, all participating users stand a fair and equal chance of successfully purchasing an NFT during NFT primary sales.” Read more: https://nftnewstoday.com/2022/01/10/binance-nft-marketplace-introduces-subscription-mechanism/
“An online marketplace OpenSea says it is now worth $13.3bn (£9.8bn) following a new investment of $300m. The platform enables trade in NFTs (non-fungible tokens), unique pieces of digital code that can be associated with a digital asset such as a work of digital art. Some NFTs have sold for millions of dollars.” Read…
“The electronics behemoth Samsung has taken its second major step into the world of the metaverse and non-fungible tokens (NFTs) in the space of a week, unveiling a new temporary store in the virtual world of Decentraland (MANA).” Read more: https://cryptonews.com/news/samsung-opens-limited-time-store-decentraland-lures-metaverse-visitors-with-rewards.htm
The Metaverse is currently on the lips of tech entrepreneurs, media and Internet corporations. But what exactly is behind the Metaverse? Facebook CEO Mark Zuckerberg has renamed Facebook into Meta and talks about it as if it’s the future of the Internet. Currently, there’s also a lot of marketing hype around the idea of the…