Utility-focused NFTs: the future of blockchain art?
To stand out in a saturated market, NFT startups should focus on real use cases, according to COO at NFTY Labs, Titan Inc. Transitioning from static digital collectibles to tokens with real utility will lead to a new generation of NFTs according to Tytan Inc the COO of NFTY labs, a platform focused on building products for the NFT space. In a recent interview with Cointelegraph, he said that even if the market is saturated, there is still room for startups to raise funds in the NFT ecosphere. “Most VCs are kind of catching on to the fact that a lot of the real value is in how you can use....
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EverRise, the blockchain technology company that brought the buyback to crypto, has upgraded to a new smart contract that supports VeNomics (vote escrowed token model) and on-chain utility NFTs. The upgraded EverRise protocol introduces increased security features and an innovative staking platform built with on-chain utility NFTs. The RISE token is available on Ethereum, BNB Chain, Polygon, Fantom, and Avalanche with one shared supply, made possible with EverRise’s bridging solution, EverBridge.
With use of on-chain NFTs, staking contracts are now fully....
Australian basketball media company, Basketball Forever is using NFTs to massively increase fan engagement. Australian media company Basketball Forever has announced an NFT project titled Hoop Hounds which seeks to increase NBA fan engagement and provide substantial real-world utility for the tokens. Critics of NFTs have consistently taken aim at the supposed ineffectual nature of the tokens, with “right click save” memes doing the rounds. However, more recently there has been an uptick in utility-focused NFT projects, such as Bored Ape Yacht Club and Top Shot, where holders are provided....
A year into the boom of NFTs, they are no longer just mere cultural assets but building blocks of Web3. Used for Metaverse experiences, games, and decentralized applications, NFTs are now at the center stage of the blockchain industry. As programmers explore what the new world of NFT-centered projects has to offer, they seek secure […]
It’s not often that NFT platforms come into the picture that offers the value of tangible utility that can be put to use quickly. Enter EarnX, a subsidiary of Yearn Classic Finance that is looking at NFTs in an entirely new way. EarnX is taking RFID technology and intertwining blockchain tech to revolutionize NFTs. They […]
If you’ve been keeping up with the cryptocurrency world, you’ve probably come across the term “NFT.” NFTs are one-of-a-kind, non-interchangeable digital assets that also serve as valid proof of ownership on the blockchain. NFTs have made the prospect of digital collectibles a reality and are being hailed as the answer to physical collectibles in various […]