NFTs are more than just digital art, here’s why
So, you have heard about NFTs and how these “digital avatars” are printing money for their holders. In 2021, NFTs were so popular that the term was christened Word of The Year by a famed dictionary company. There is a social buzz around NFTs and probings as to whether they offer more than just being overpriced avatars, or come with no other utility behind the art, even with proof of ownership. NFTs are more than just get-rich-quick-schemes or digital art you can right-click save on. Apart from representing art, Non-Fungible Tokens (NFTs) are unique digital assets that also represent....
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Cryptocurrency and blockchain have taken the world by storm. While cryptocurrency is the digital answer to regular currency, non-fungible tokens, aka NFTs, are the digital answer to unique collectibles. NFTs are digital assets that cannot be transferred or exchanged. They can, however, be sold, akin to property. Recently, they have become increasingly popular across the […]
Ethereum gas prices witnessed a major spike earlier. This was caused by the release of the “Stoner Cats” NFTs on the network. The release of the limited edition NFTs saw gas fees of the network-driven following the mad rush to acquires the pieces. Investors scrambled to mint the 10,000 NFTs released as part of the […]
NFTs have taken the internet by storm over the last 18 months. From something completely unheard of to a market that’s worth over $40 billion, NFTs have had an incredible year. But what exactly are NFTs, and more importantly, what’s the point of them? While some people think that NFTs don’t have any real purpose, many industries are incorporating them in innovative ways. This is especially true within the gaming industry, which has taken to using NFTs as unique skins, methods of improving the diverse styles of play within gameplay, and digital methods of trading. In this article, we’ll be....
NFTs, short for Non-Fungible Assets have gained popularity in the crypto space. Most of the NFTs currently in use are either digital collectibles like trading cards or tokenized representations of digital content — like digital artwork, music or videos. Generally, possession of these NFTs signifies true ownership of the product it represents. However, the use […]
(This is a three-part deep dive into the current state of the world’s music NFT industry and how it is making an impact on society) Last year, we’ve seen NFTs sweep the music industry once the COVID-19 pandemic entirely cut off musicians from their primary sources of income. Without any live shows, concerts, and CD […]