Soulbound Tokens (SBTs) are permanent, non-transferable NFTs that represent a holder’s identity and reputation. They contain data such as an individual’s work history, credit score, education, medical history, and personal certifications, all of which are stored on the blockchain. This data is used to verify information during processes such as going for a job interview. …
What Are Soulbound Tokens & Why Should You Care? Read More »
VeeFriends is an NFT project built on the Ethereum blockchain by Gary Vee. The collection consists of two series and was created to help Gary Vee give back to his community. The first series was released in May 2021 and included 10,255 NFTs and 268 characters, 1242 of which were held by Gary Vee. The …
Gary’s Vee Friends NFTs Explained (Read Before Buying) Read More »
NFT rarity refers to how common a particular NFT is within a collection; typically, the rarer the NFT in a sought-after collection, the higher the pricetag. But how exactly does NFT rarity work? When an NFT is minted, it has unique properties, also known as traits, that cannot change. Although NFTs can share a trait, …
Things can get a bit complicated when simply “copying” an NFT from one blockchain to another. As a refresher, a blockchain is a decentralized collection of financial accounts across a peer-to-peer network. It’s used to confirm transactions without needing a central governing body, allowing users to make transactions without a third party. NFTs (non-fungible tokens) …
Can You Copy an NFT Onto a Different Blockchain? Read More »
A non-fungible token (NFT) is a physical or digital asset recorded on the blockchain. In 2022, an estimated four percent of Americans (9.3 million people) said they own NFTs– a 100% increase from 2021 shows that NFT ownership is rising. As ownership continues to increase, so will the demand for scalable storage solutions. Many of …
