Entering NFTs: Understanding the environmental impact of digital collectibles
By adopting environmentally friendly, utility-driven NFTs, artists can unlock a new realm of possibilities for building connections and sharing value. NFTs have taken pop culture by storm over the past year. On a nearly daily basis, a new celebrity announces their interest in the emerging technology — usually by dropping an NFT collection. From Quentin Tarantino’s Pulp Fiction NFTs to Snoop Dogg’s NFT music label, a wide range of notable names are beginning to realize the creative value that NFTs offer. While celebrity involvement has played a key role in raising mainstream awareness about....
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Marvel announces NFTs that fans around the world can buy on the Veve Digital Collectibles store. The collaboration, between Marvel Entertainment and Orbis Blockchain Technologies Limited, will involve the companies releasing Marvel-branded digital collectibles, comic books, 3d statues, and more. Marvel To Release NFTs on Veve Digital Collectibles App The Marvel NFTs and other collectibles […]
"By harnessing the power of this new blockchain, we can ensure that our NFTs are limiting their impact," said Terra Virtua co-founder and CTO Jawad Ashraf. Digital collectibles platform Terra Virtua has moved from the Ethereum blockchain to Polygon in an attempt to be greener.In a Monday announcement, Terra Virtua said it had switched to Polygon as part of a plan to create a more sustainable nonfungible token, or NFT, ecosystem. The platform claimed the move would reduce the energy necessary to create a single NFT by more than 99%. However, Terra Virtua will also remint all digital....
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 […]
“This will enable people to connect their digital wallets once to either app in order to share their digital collectibles across both,” said Meta. Facebook and Instagram users can both post nonfungible tokens, or NFTs, and digital collectibles to their accounts by linking their wallets.In a Monday update to a May 10 blog post, Facebook’s parent company Meta said the social media platform’s roughly 2.9 billion users would have the ability to share digital collectibles and NFTs. The announcement followed an Aug. 4 update in which Meta said Instagram users across 100 countries could post....
The NFT industry is firing on all cylinders as more major brands are exploring digital collectibles. The latest franchise to embrace Non-Fungible Tokens is Star Was. Over 800 limited edition collectibles will be issued as NFTs with the help of StarColl. The NFT Industry Continues To Grow It is interesting to note the ongoing growth […]