What Exactly Can You Do With NFTs? How To Buy, Where to Store, and Common Uses
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....
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One of the popular sectors in the digital asset world is Non-fungible tokens. NFTs find utility in the real world as means to store and trade digital assets. Despite challenges from the crypto bear market, there are still many opportunities for investors in the NFT marketplaces. But now, NFTs are not doing well despite gaining […]
NFTs present a revolutionary and innovative technology, but their real value has been obscured by hype. It's 2021. Super Bowl champion Tom Brady is starting an NFT company, Christie's is explaining CryptoPunks to everyone, Saturday Night Live is creating jams about NFTs, Beeple and Mark Cuban are advocating NFTs’ use case — yet, here I am, the CEO of a company that helps users securely store their nonfungible tokens and I still think the actual value of NFTs is to be decided. It's important to back up and remember that, although it seems like we have all always known about NFTs, the....
In a company blog post released this week, major crypto exchange Coinbase has shared that it is working on a crypto app store. The app store will be built for third-party developers to help increase access to the “decentralized cryptoeconomy” – culminated by an increasing amount of tools within DeFi, NFTs, smart contracts, DAOs, and […]
Apple has published rules for NFTs for the first time while clarifying rules around cryptocurrency payments and crypto exchanges. Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges marking the first time its codified specific rules for NFTs.The new rules confirm how NFT purchases will be taxed and what they can and can't be used for, while also clarifying rules around when a crypto exchange app can be listed. The Oct. 24 update to its App Store guidelines saw language added that allows fo in-app purchases of NFTs,....
Minting NFTs at physical locations could be the next big trend for brands entering Web3. Nonfungible tokens (NFTs) have taken the world by storm over the last year. Digital collectibles that were characterized solely as CryptoKitties in 2017 have since evolved into famous pieces of art, digitized music, high-end fashion for the Metaverse and a way for communities to connect with others across the globe. Even with the current crypto bear market, recent findings from the research firm Security.org found that NFT ownership has doubled over the last year, rising from an estimated 4.6 million....