"I believe the community should be attempting to bend the arc of growth away from artificially inducing unneeded scarcity just for the benefit of some investor class," Edward Snowden remarked. On December 3, 2021, Edward Snowden, a whistleblower for the National Security Agency, expressed worry about how some
With NFT artists sweeping the globe, it's only natural that they have a location to exhibit their work. Nonfungible tokens (NFTs) are becoming more popular, bringing the latest innovation in the digital collectible market to light. Mike Winkelmann, better known as Beeple, is one of the artists to
DraftKings has teamed up with the National Football League Players Association (NFLPA) to offer gamified National Football League player NFTs as part of its marketplace. The NFLPA announced the debut of a gamified nonfungible token, or NFT, collection on DraftKings Marketplace during the 2022–2023 NFL season, in conjunction with
Non-fungible tokens, popularly called NFTs, are among the hottest things in cryptocurrencies right now, with the prospect of significant gains should the latest collection rise in value. But a new study from Chainalysis shows that a small portion of participants reaps most of the profits available in the NFT space.
NFTs, as non-fungible tokens are widely known, have exploded in popularity and are widely used for digital art collectibles. However, critics have argued that NFTs are bad for the environment and offer little benefit over traditional systems. Ubisoft – famous for games such as The Assassin's Creed, Far Cry,
WISekey International Holding Ltd. announced that its WISe.ART Marketplace was among the NFT exhibits at the International Art Week, an event aimed at educating the community about the world of digital art. The event held at the Art Basel Miami featured digital art items such as historical art, sports
On the 9th of December 2021, Ubisoft will distribute NFTs to PC players on the Tezos blockchain, beginning with Ghost Recon Breakpoint. Ubisoft launched its first entry into nonfungible tokens (NFTs) via a new platform called Ubisoft Quartz, which will launch in beta this week alongside Ghost Recon Breakpoint on
Coin Telegraph Research predicts that by the end of 2021, nonfungible token (NFT) sales would have reached about $18 billion. In addition, Defiance, a registered investment adviser and fintech startup, stated on Thursday, December 2nd, that it had established the first nonfungible token (NFT)-focused exchange-traded fund (ETF) on the
AMC Theatres on December 6 announced that AMC will now offer a second NFT to all AMC investor Connect Members to be delivered to the Worldwide Asset Exchange. This was after a favourable public response to a movie-themed NFT offered exclusively to AMC ticket buyers a week prior. This movie-themed
Recently, an artist called Pak sold 250,000 NFTs for $91.8 million on Nifty Gateway. Globally, this sale has been hailed as a revolutionary one. Between December second and fourth, Nifty Gateway offered Pak 'The Merge,' which was Pak's last project. It was offered as
As seen by previous week's NFT and metaverse transactions, digital land has been in great demand in what can only be described as a lucrative market. NonFungible.com, an industry-standard metrics platform, reports that over $300 million in NFT sales were made in the previous week. The Sandbox
According to Saxo Bank, as popular music streaming services like Spotify slash musicians' earnings, new technologies like nonfungible tokens (NFT) are expected to help artists reclaim their due share. Furthermore, music composers would benefit from NFT-based streaming services, according to one of Saxo Bank's "Outrageous Predictions
The majority of NFT transactions so far this year have come from retail customers, according to Chainalysis. In contrast, collectors and institutions have pushed the largest quantities. According to Chainalysis, more than 80% of all nonfungible token (NFT) transactions were valued at less than $10,000 in 2021. They were
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NFTs have opened up a whole new dimension of the economy, with the unique tokens representing digital art and other media. But is this all that is to the tokens? And what about the true ownership of not only the tokens but what finances it brings to the table? We
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Multi-billion companies like Toyota and Fidelity have already integrated blockchain in some of their crucial operations. While their company-specific objectives might be divergent, most are exploring and implementing blockchain solutions to, among other things, streamline operations and, most importantly, slash costs. Cost reductions and higher efficiency could mean the difference
A huge percentage of NFT and metaverse investments over the past week were on virtual land. According to data from NonFungible.com, investors spent a whopping $300 million on NFTs over the past week, and almost a quarter of this figure was spent on The Sandbox metaverse land. Popular decentralized