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 …
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 »
Developers and companies are discovering dozens of new use cases for NFT technology—from community governance to luxury travel and real estate. There are many reasons NFTs are in huge demand, the most prominent being the features of their underlying infrastructure—public, permissionless blockchains that serve as the foundation for all things crypto-related. In this article, we …
It’s June 2017. CryptoPunks — digital art pieces from what will become one of the most revered and valuable NFT collections that have just been launched and are being claimed for free by Ethereum users. Fast forward to 2022 and CryptoPunk #5822, a light blue alien punk with a bandana tied onto its head, is …
