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 …
The “Floydies†NFTs have sparked a contentious debate over intellectual property within the NFT world after an NFT collection of George Floyd caricatures in diverse costumes and settings emerged. George Floyd was an African-American man who was wrongly murdered by a police officer in Minneapolis, Minnesota, in May 2020. The police officer behind the crime …
More blockchain platforms are coming into existence, continuously evolving the Web3 world. Of course, each claims to be the best of its kind. But, unlike some, Solana’s blockchain network has much to boast about—particularly its NFT marketplace, Solsea. Solana addresses common Web3 challenges, making the blockchain’s secondary marketplace all the more appealing. For example, Ethereum …
The Solsea NFT Marketplace Explained (Read Before Using) Read More »
Bull or bear market, 2020 and 2021 will forever be cemented in NFT history. Reports have shown that NFTs garnered the most profit ($17.7 billion) in the crypto space in 2021 – the market exploded by over 20,000 percent from the year prior. The total value of transactions jumped from $82.5 million to over $17 billion. …
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 …
