NFTs, wouldn’t exist without smart contracts, and digital agreements written with computer code and deployed on a blockchain. Their main function is to execute one or multiple actions if conditions are met, often following simple “if/when-then†statements, e.g., if X is true, then Y will happen. These programs automate execution, and workflow, and streamline the …
What Are NFT Smart Contracts & How Do They Work? Read More »
If you’ve seen headlines of non-fungible tokens (NFTs) selling for millions of dollars then you may be asking yourself: why are NFTs so valuable? The following dialogue might ensue: Is this just a really rich people thing? Are they laundering money? Is this just fake news biting on click-worthy headlines? The answer most people will …
Why Are NFTs Valuable? Attempting to Explain Why Some Cost So Much Read More »
In 2022 the market for non-fungible tokens (NFTs)- tokenized images, music, and items, generated $24.7 billion. Just two years before, total sales were just $82.5 million. This exponential market growth has led to discussions about whether NFTs harm the environment. Activists have expressed concerns about Proof-of-Work (PoW) blockchains like Ethereum, which have been linked to …
NFTs & Climate Change: How Do NFTs Impact the Environment? Read More »
Otherside is a metaverse world designed around the Bored Ape Yacht Club (BAYC) NFT collection. “The Otherside†will offer a massive role-playing game where over 10,000 players can interact, complete missions, and voice chat simultaneously. The Otherside NFTs were originally sold to BAYC holders and went on public sale on April 30, 2022. 55,000 land …
Azuki is a collection of 10,000 avatar NFTs inspired by anime artwork. The collection works like most profile picture NFTs (PFP NFTs,) utilizing a randomized selection of traits to create each unique character. Released in January 2022, Azuki had one of the most successful NFT launches, selling out on OpenSea and LooksRare in just three …
