NFTs are digital art pieces stored on the blockchain. They can be bought and sold online in NFT marketplaces such as OpenSea or minted directly from a project’s contract. Throughout 2021 the NFT market took off, with total sales reaching over $14 billion and art pieces such as The Merge selling for $91.8 million. Many …
A permanent NFT storage combines blockchains and InterPlanetary File System (IPFS) designed to create a secure place to hold NFTs. Throughout 2021 NFTs (non-fungible tokens) became popular assets, with projects such as Bored Ape Yacht Club (BAYC) and Cryptopunks making headlines for their large price tags. At the same time, NFT scams and theft also …
Non-fungible tokens (NFTs) are digital or physical assets recorded on the blockchain. They can be sent from one individual to another, used in video games, or held in cryptocurrency wallets as an asset. On-chain NFTs refer to tokens written solely on the blockchain, with all metadata and smart contracts being stored on-chain. On the other …
A POAP (Proof of Attendance Protocol) is a unique NFT badge given to an attendee of a real-world or virtual cryptocurrency event. Pronounced “poh-ap,” POAPs are used by crypto enthusiasts to record their experiences in the crypto space. They’re created as ERC-721 tokens (standard for NFTs) and must meet specific criteria to be classed as a POAP. …
What is a POAP? How POAPs Influence Digital Identity Read More »
An NFT (Non-Fungible Token) is a physical or digital asset that exists on a blockchain and cannot be replicated; and these digital assets have been selling for eye-widening amounts lately. NFTs made headlines throughout 2021, despite the first NFT being created in 2014. During this period, artists like Beeple, Pak, and Tyler Hobbs regularly sold …
