Minting is the process of creating an asset on the blockchain. It’s the process used to create non-fungible tokens (NFTs,) which are blockchain-based tokens that prove ownership of an item such as a piece of music, profile picture, or image. They first grew in popularity in 2021, with collections like Bored Ape Yacht Club and CryptoPunks …
Rug pulls have made headlines since the 2021 NFT boom, with investors losing over $25 billion as of November 2022. These headlines have sparked fear among investors, who are now skeptical when it comes to new NFT projects. The likelihood of a rug pull, or a scam in which a cryptocurrency or NFT team exits …
Moonbirds is a collection of 10,000 NFT bird profile pictures (PFPs) that include a unique pool of rarity-powered traits released on April 16th, 2022, by PROOF Collective. Notably, the collection reached over $200 million in sales in the first 48 hours. Since its release, the collection has generated $500 million in sales, with 2,000 NFTs …
Doodles is a collection of 10,000 PFP (profile-picture) NFTs featuring art by Burnt Toast. Burnt Toast is the artist name of Scott Martin, a Canadian–based illustrator, designer, animator, and muralist. Minted on October 17th, 2021, Doodles come in a wide range of colors, sizes, and traits, with each owner having the right to vote for …
Music NFTs are digital assets stored on the blockchain and represent ownership of a piece of music. They’re used to buy, sell and trade music rights and grant owners benefits such as royalties. Most NFTs are typically associated with digital art and collections such as Bored Ape Yacht Club; however, their technology can also impact …
