NFTs are not just for art: As technology matures, more uses will emerge?
Some believe the hype around million-dollar NFT art and digital collectibles is warranted, with new use cases sure to emerge. Before the age of smartphones allowed the average person on the street to snap a selfie with their favorite celebrity, autographs and signed memorabilia were highly sought after by collectors. Naturally, the value of these real-world, authentic and rare keepsakes are high and remain so today.However, thanks to the utility of blockchain technology, digital collectibles are becoming the modern-day autograph or the one-of-a-kind, priceless piece of art. People need to....
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Peter Wood, the CEO of up-and-coming UK exchange CoinBurp, believes NFTs are caught in a bubble that will eventually pop. However, Wood says that much like cryptocurrencies consolidated through crypto winter to emerge stronger, so will NFTs after the pop. Signs of Digital Art NFTs Cooling Following the record-breaking $69.3mn sale of Beeple’s The First […]
NFT games continue to emerge as a hot topic in crypto. One upcoming game that’s been on our radar here at Bitcoinist is Crypto Fight Club (CFC), an NFT-driven boxing style game. Play-to-earn NFTs are one of the hottest discussions around NFTs, and CFC looks to enter the market with a fresh take. Let’s take […]
A CC0 (Creative Commons Zero) NFT is an NFT with a copyright in which the owner permits anyone to use the NFT for commercial gain. What are the future possibilities with CC0 NFTs?The world of NFTs is in its infancy. As artists and creators explore ways to create and monetize their content, products and platforms are emerging to offer frameworks for creators to operate and build their brands, and monetize them.It is still the early days for the nonfungible token world. The last couple of years have seen an economic model emerge for artists and creators. With every new business model, there....
Konami, one of the leading Japan-based game developers, elaborated on its future policy regarding NFTs. In its latest financial results meeting, Konami touched briefly on the subject of NFTs, and explained it would go on with its activities involving this technology as a preservation tool for some of its beloved franchises. Konami to Use NFTs as ‘Preservation Tool’ Konami, the Japanese developer responsible for franchises such as Castlevania, has shed some light on its stance when it comes to the use of NTFs. In its latest financial results meeting, the company indicated it....
Spotify plans to add Non-Fungible Tokens (NFTs) along with blockchain technology. The objective is to grow artists’ income through appending NFTs technology in streaming activities. The proposed actions could bring enthusiasm to both the music and crypto industries. For example, a few job advertisements depict that Spotify requires people to perform for launching the “web3” […]