Binance implements a ‘fair way’ to purchase NFTs
Binance's NFT marketplace is introducing its NFT Subscription Mechanism, a new feature that claims to give buyers a fair shake. Due to the rise in demand, it’s increasingly harder to purchase nonfungible tokens (NFTs) on their initial launch. Because of the limited supply, and high demand, some NFT drops have sold out after only a few seconds of release. With this, users who are interested in purchasing newly-released collections have no choice to wait until the initial owners decide to flip the NFTs for some profit, resulting in having to pay more or not being able to acquire any of the....
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The two companies said that creating eco-friendly NFTs will be one of the primary concerns for future collabs. A new partnership between global crypto exchange Binance and South Korean entertainment company YG will see the two companies strive for a more sustainable framework for future NFTs collaborations. YG manages a number of notable Kpop stars including BLACKPINK, BIG BANG, and WINNER. The Feb. 8 announcement stated the Memorandum of Understanding (MoU) will reportedly give Binance access to develop digital assets based on the IP (intellectual property) associated with these artists.....
The second LAND NFTs sale for Dvision Network is scheduled to begin on January 27th. It is another opportunity for users to own space in the Dvision Meta-Cities, two of which are being opened with the most recent LAND sale. LAND NFTs will be sold across two platforms, the Dvision Marketplace and OpenSea, where users will be able to purchase the NFTs using MATIC tokens. This iteration of the Dvision LAND sale will see a total of 4,651 NFTs go up for sale, spread evenly between the two NFT marketplaces. Users will be able to purchase these NFTs at the lowest possible prices as Dvision LAND....
Beyond DeFi, NFTs, and Bitcoin’s recent breakout, everyone has been talking about “Fair Launch” lately. But what exactly is it and what are its implications for cryptocurrency projects? A fair launch offers participants the opportunity to acquire a token usually over a long period of time at a relatively equal price. A stated goal of […]
The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to enforce them. Royalty enforcing NFTs to be a ‘new asset class’: Magic Eden CEOJack Lu, the CEO of Solana-based nonfungible token (NFT) marketplace Magic Eden has floated the idea of NFTs designed to enforce royalties.Lu said in an address at Solana’s Breakpoint 2022 conference on Nov. 5 that these NFTs could “give rise to a new asset class” as the space grapples with the debate around opt-in royalties.He added that....
Gaming NFTs have certainly gotten a bad rap lately. When a game publicly implements NFT and tokens under the “play to earn model,” it has the potential for severe blowback from what is an otherwise ardent and loyal audience, an audience that deserves to be rewarded fairly. In a highly visible NFT flameout, almost nobody […]