7 steps of creating and selling your first NFT
Tech-savvies and crypto enthusiasts have shifted from stalking the price of Bitcoin with bated breath to creating and trading NFT’s, another blockchain-related phenomenon, that has come to steal the show in the pandemic dystopia. NFT (non-fungible token) is a digital asset or a special type of cryptographic token containing unique, identifying information. NFT is a […]
What Is an NFT?
NFT (non-fungible token) is a digital asset that represents objects like art, music, video games, videos, etc. Artworks can be “tokenized” to create a digital certificate of ownership that can be bought and sold. NFTs shift the crypto paradigm by making each token unique and irreplaceable, thereby making it impossible for one non-fungible token to […]
Why are some NFTs worth millions?
NFT stands for a non-fungible token. Whereas a fungible commodity is replaceable by another identical item (mutually interchangeable goods), non-fungible items are unique and have no identical substitutes. Therefore, NFTs represent digital art or physical objects rather than money. Photos, GIFs, videos, audio files, memes, tweets, game characters, vehicles, buildings and spaces, ammunition, and any […]
A JPEG image sold for $69 million. We’ll tell you how.
The deal with American artist Mike Winkelmann, more commonly known as Beeple, is notable for several reasons. Beeple swiftly entered the top three most sought-after and highest-paid artists in the world – his work “Everydays: The First 5000 Days” was auctioned as an NFT token for a record $69.3 million. Read more: Top 10 Most […]
McDonald’s McRib is now an NFT
NFTs (non-fungible tokens) are based on blockchain technology. NFTs have minted artworks with unique encryption codes which allow for verified ownership. An NFT can be anything from a digital art piece to a picture or random collectible. Even fashion designers are getting in on the NFT craze. NFTs cannot be duplicated, which is what makes […]
“I went from having to borrow money to making $4m in a day”
NFT (non-fungible tokens) are unique and have no identical substitutes, whereas a fungible commodity is replaceable by another identical item (mutually interchangeable goods). NFTs represent all kinds of digital assets, like digital art, photos, GIFs, videos, audio files, memes, tweets, game characters, and any other piece of virtual gaming reality that can also become an […]
NFL Dabbles With NFT Ticket Collectibles on Polygon
The NFL (The National Football League) is experimenting with NFTs (non-fungible tokens). According to a press release, The NFL said that it’s pairing tickets purchased at select games with “Virtual Commemorative Tickets” sent as NFTs to eligible Ticketmaster wallets. In September The National Football League partnered with Dapper Labs to create its own NFT collectible […]
A LeBron James Top Shot moment that honored Kobe Bryant sold for nearly $400,000
NFT stands for non-fungible tokens, which are built on blockchain technology. Whereas a fungible commodity is replaceable by another identical item, non-fungible items are unique and have no identical substitutes. One of the biggest appeals of NFTs is that anyone can create one. All that’s needed is a digital wallet, a small purchase of Ethereum, […]
Animoca Brands raises $5M for the NFT marketplace
Animoca Brands, a Hong Kong-based game developer and investor in NFT (non-fungible tokens), has raised $5 million for NFT marketplace, Quidd ( marketplace built for the buying and selling of limited digital collectibles). The token sale took place on Polkadot project incubator Polkastarter on November 18. 2 million QUIDD tokens at a price of $0.25 […]
The NFT market is now worth more than $7 billion
NFTs (non-fungible tokens) use blockchain technology to record the ownership of digital items such as images, Gifs, tweets, videos, collectibles, and even land in virtual worlds. NFT (non-fungible token) trading volume surged in the third quarter of 2021 to $10.67 billion. That’s an almost 704% increase in the last few months. On the biggest NFT […]