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The past few months have seen an explosive uptake of nonfungible tokens (NFT) as crypto artists, gaming enthusiasts, musicians, celebrities and now fast food chains deploy the technology in various ways.Fast food giants such as McDonald’s, Burger King and Taco Bell are taking to NFTs because of their capacity to
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Ethereum NFTs have gained the most clout in the crypto space. These NFTs have recorded sales of up to 69.3% for a single piece of artwork. Investors are moving towards owning NFTs as a form of long-term investment in addition to their cryptocurrency holdings. Although other blockchains are coming up
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2021 was a massively successful year for NFT’s, blowing the roof off what was expected, and saw growth skyrocketing by over 705% to $338 million including several NFTs collections and projects . In February, the total amount of transactions on the NFT trading platform Opensea surpassed $90 million, with the
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Open source blockchain analytics firm Moonstream published a report which found that around 17% of addresses control more than 80% of all NFTs on Ethereum. The report was published on Oct. 21 and the analysis was conducted on more than 7 million NFT transactions on the Ethereum blockchain between April
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Playboy to release tokenized bunnies into the wildPLBY Group, Inc, the owners of the raunchy lifestyle magazine Playboy unveiled a new NFT project consisting of 11,953 unique 3D animated bunny avatars.According to an Oct. 20 announcement, the number of NFTs pays homage to Playboy’s founding year of 1953 and the
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This is a pattern that has repeated itself over crypto’s decade-long history. Back in 2017, crypto’s hottest trend was the ICO, or initial coin offering. In the way that a traditional company might issue new shares of stock to the public through an initial public offering, crypto companies were trying
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JD.com’s tech arm revealed its non-fungible token technology and plans, following in the heels of its rival Alibaba.JD Technology is offering seven free limited edition NFTs built on its own NFT chain, commemorating its annual conference, JD Discovery, according to a WeChat post on its official account.The NFTs, JD’s first,
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The market for nonfungible token, or NFT, digital artwork is taking on the traditional art industry. Within the first six months of 2021, analytics firm DappRadar recorded $2.5 billion in NFT sales, showing a major increase from the $13.7 million in sales during the same time period in 2020. Christie's
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DraftKings co-founder Matt Kalish became personally infatuated with non-fungible tokens (NFT) earlier this year. He’s now helping his sports betting giant navigate digital collectibles. It’s one of the few publicly traded companies with an on-platform NFT marketplace. This week on “Opinionated,” Danny, Ben and Anna learn more about the Bored
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Gaming platforms are choosing sides on blockchain, cryptocurrencies and nonfungible tokens (NFTs) within their respective ecosystems. Following reports of Valve banning crypto and NFT-related games on Steam, its primary competitor, Epic Games Store showed a welcoming attitude for blockchain developers and the use of crypto in video games.Epic Games CEO Tim
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