Non-fungible tokens are rare and non-interchangeable units of data usually stored in a digital ledger format on a blockchain. They are related to digital files, including art, music, photos, videos, and audio. These files are often sold and bought with cryptocurrency and are encoded with software similar to that of
Konami, a Japanese video company, has taken bold steps in the world of NFTs. Although it is part of the company’s plan in 2022 to explore several opportunities in blockchain technology, its main focus is an NFT collection. Following this, the company announced its NFT collection, which took the
Over the last week, Ethereum’s Layer 2 scaling solution, Polygon, has witnessed heavy on-chain activity. However, despite the high demand for the Polygon network, in recent times, the NFT play-to-earn game Sunflower Farmers have overstuffed this network. This NFT game accounts for 40% of gas consumption, and its second
According to data collated by Blockchain Game Alliance (BGA) 1, a total of $2.32 billion was generated from NFT games in revenue in the third quarter, accounting for an estimated 22 percent of all NFT sales during the period, as blockchain games garnered increased usage. Various firms have made
The remarkable rise of the Bored Ape Yacht Club can be attributed to the overwhelming acceptance and subsequent buying of collections owned by the club during the course of the previous year. Celebrity figures such as Eminem, Steve Aoki, Gunna, Jimmy Fallon, Post Malone, and Snoop Dogg all own different
Non-Fungible Tokens continue to enjoy steady growth in reputation within the crypto space and recently, StarSharks, an NFT-GameFi platform, announced the official launch of its first-ever game known as the StarSharks.Warriors. The announcement was made by the Chief Executive Officer of StarSharks, Mr. Franky, who stated that the firm
The gaming platform, Mytheria, is inspired by the idea of interfering with the legends of different nations where powerful gods fight various epic battles. The idea of bringing the platform into the NFT space was motivated by the desire to offer fun and excitement to the process of playing physical
NFT News
ARC, a private NFT community, has been launched in Singapore by Elroy Cheo and Kiat Lim. The two entrepreneurs combined efforts to create an NFT community to bring together the next entrepreneurs from Asia via a digital platform backed by blockchain technology. According to Lim, this community is an exclusive
Quentin Tarantino, the Academy Award-winning director, actor, author, screenwriter, producer, and film critic, recently announced the dates for the NFT auction of fan-favorite scenes from his original, never-before-seen handwritten screenplay for "Pulp Fiction," as well as exclusive audio commentary by Tarantino on Secret Network, Web3's data
Avatar unveils the limited edition NFT Collection "Genesis" in the Arctic in support of responsible planet management. "Genesis" means "birth" or "beginning." An avatar named Leya Love paid a visit to the 14-million-year-old Arctic ice to mark the occasion. The objective was
Bored Bunny, an NFT venture founded on January 5, raised about 2,000 ETH within the first few hours of its introduction. Nonetheless, the endeavor has depleted all of the raised ETH, with over 800 ETH transferred to Binance. Furthermore, the endeavor has muted all of its Discord channels, and
In 2021, the NFT and NFT Marketplace exploded on the Blockchain market. As a result, there has been a surge in interest in NFT. NFT Market cap rose by 1785% in 2021, generating liquidity in the billions of dollars. OpenLive NFT operates as the marketplace, a decentralized exchange platform where
The increasing inflow of venture funding into non-fungible token start-ups demonstrates the need for regulators to monitor this space closely. Metaversal announced Tuesday the completion of a $50 million financing round to support the company's growing investing capabilities in NFTs and metaverses. CoinFund and Foxhaven led the Series
Monkeyball, the play-to-earn soccer game, has debuted its much-anticipated $MBS token to cap off months of hard labor. As a result, the team's focus has shifted to the next Monkey NFT drop. The drop is a commendation to the project's progress thus far and a reminder
Leading decentralized metaverse platform The Sandbox announced today that it had welcomed new Hong Kong partners to create Mega City, “the latest expansion of The Sandbox map.” The new cultural hub features players from the real estate, gaming, film, entertainment, music, acting, professional services, and even finance sectors. According to
Metaverse
American multinational technology company NVIDIA is quietly securing a spot on the metaverse race. The global manufacturer of graphics processing units and integrated circuit technologies for mobile devices and computers has rolled out a free version of its “Omniverse” software to developers. The company made the announcement at the CES