The chicken or the egg: Why NFTs could be fungible after all
Not to derail the hype train, but NFTs might not be as nonfungible as you think. Among the many offshoots produced as a bi-product of the ongoing cryptocurrency experiment, nonfungible tokens have turned out to be one of the most explosive. In a few short months, over half a billion dollars worth of NFTs changed hands, as celebrities (from lists A to Z) clamored to profit from crypto’s latest craze.But amid the rush to jump on the bandwagon, few have stopped to consider the veracity of the terminology applied to NFTs. After all, why would you stop to ponder semantics when there are....
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Bitcoin in the Headlines is our weekly look at bitcoin news, analysing media and its impact. It's the classic philosopher's dilemma, the chicken and egg. Which came first? And how do you make sense of being stuck in that unknowing middle? For the media and the general public, debates in the bitcoin space are often muddled in the same confusion - 'Can you have the blockchain without bitcoin?' 'Is the protocol safe even if bitcoin businesses are not?' and 'Who made this thing anyway and why can't we ask them?'. Such is the struggle of making sense of a technology that seems to have emerged....
A group of phishing criminals are on the loose and just stole Seth Green’s hoard of non-fungible tokens. Green disclosed in a tweet on Wednesday that he had fallen victim to phishing scammers who took numerous expensive NFTs from his cryptocurrency wallet. The Hollywood celebrity renowned for movies such as Robot Chicken, The Italian Job, […]
NFTs have found another month this year where Google searches hit an all-time high. The Macy’s parade will come with a non-fungible friend. And Phil Spencer at Xbox shares his thoughts on NFTs. It’s just another week of non-fungible news. Every weekend, we take a quick recap at the past seven days of what’s been […]
Over the past two years, NFTs, or non-fungible tokens, have taken over the conversations in the crypto market. These digital assets are welcoming the general population into the crypto space, with celebrities, athletes, and billionaires getting an opportunity to connect with their fans. While the “NFT” buzzword has been overused across mainstream media and social media platforms, many investors and holders of NFTs do not understand what NFTs are and why they were created. I could go as far as assuming that even the experts in the crypto space today don’t necessarily fully understand what....
KFC wants to promote its branding to Koreans through nonfungible tokens. Entertainment and nonfungible token marketplace TriumphX has signed a memorandum of understanding (MOU) with fast-food giant KFC in South Korea.The agreement will focus on joint blockchain research with the aim of integrating NFT technologies and enhancing the branding of the fried chicken outlet.According to reports in local media, KFC Korea plans to introduce blockchain and NFT technology to its branding content. The fast-food franchise intends to issue NFTs to its customers comprising different digital formats....