NFTs In A Nutshell: A Weekly Review
NFTs generated a lot of big money buying this week. While that may seem like nothing particularly new, this week had some noteworthy purchases. A dubious survey brought out some chatter in NFT communities. And Axie Infinity continued to dominate sales volume for NFTs this week as last month’s NFT buzz comes to a bit […]
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The SEC is shifting it’s sights towards NFTs, according to emerging reports hitting the wire on Tuesday. The U.S. regulator is apparently looking into whether to deem NFTs as securities and is exploring whether or not the sale of the NFTs violates federal law, including a specific look into Yuga Labs’ ApeCoin distribution. Let’s review […]
NFTs are hotter than the sun, and collections are selling out like hot cakes outside a diabetic clinic. What’s more, NFTs are skyrocketing in value, especially those that have an added value, such as being your ticket to an epic metaverse filled with kitties doing all sorts of degenerate activities. CryptoKitties arguably kicked off the […]
Tezos is one of a number of growing blockchains that is looking to gain a foothold in the NFT space, and has plenty of core competencies to do so. In last weekend’s ‘NFTs In A Nutshell,’ we briefly covered the shutdown of HicEtNunc, commonly known as HEN. The platform was widely utilized as the leading […]
With a set of creative skills and a personal computer, you can convert your digital art into NFTs. What is an NFT?NFTs are nonfungible tokens. The adjective “nonfungible” is often used in economics to represent features such as uniqueness and non-interchangeability. In the crypto space, nonfungibility simply indicates that one item cannot be exchanged for another. A “token” as a unit of account is basically a certificate of validity stored on the decentralized blockchain, making digital assets traceable and accessible to everyone. As a result, NFTs are a one-of-a-kind virtual currency that....
2021 is proving to be a breakthrough year for NFTs, but what is driving such impressive performance? This Cointelegraph Research report has the answers. In 2010, if someone had told you that Internet memes, digital artwork and Twitter avatars would sell for hundreds of thousands of dollars, would you have believed them? Well, these are nonfungible tokens, or NFTs, in a nutshell. NFTs are driving blockchains toward uncharted territory on the backs of cute kitties and pixelated punks. What may appear to be a shroud of speculation over pointless collectibles is actually the clouded horizon of....