NFT

Table of Contents    Do NFTs protect the artists who create them? What is an NFT? Why were NFTs created? Are NFTs succeeding in their intended goal? Why pessimists believe NFTs will fail Why Anil Dash believes NFTs cannot be saved Why optimists believe NFTs will succeed Summing up: Who is right? Do NFTs protect the…

Markets for digital collectibles known as non-fungible tokens (NFT) have climbed to record highs in trading volume and average prices in the past week, particularly over the weekend. NFT marketplace OpenSea saw record trading volume on Saturday and Sunday as CryptoPunks, ArtBlocks, and Bored Ape Yacht Club prices soared. While traditional crypto assets have seen…

Binance NFT, the NFT platform of the world’s largest crypto exchange Binance, and Russia’s State Hermitage Museum announced their collaboration in the release of tokenized art from the museum collection, which will be auctioned on the NFTs marketplace at the end of August 2021. The Hermitage, one of the most significant museums in the world,…

Shopify Inc., a major e-commerce merchant partner, is making it easier for companies to sell NFTs. Shopify’s president shared the company’s plans to help its merchants sell NFTs. “If you’ve spent 1 minute on the internet this year, you’ve seen a lot about NFTs,” posted on Twitter Shopify President Harvey Finkelstein. “Shopify we are making…

Damien Hirst says NFTs are changing the world. In an exclusive interview with Cointelegraph, the British contemporary artist noted that they are like “the invention of paper.” Speaking in London with Andrew Thurman of Cointelegraph, Hirst presented his “The Currency” artwork collection, the pile of boxes containing 10,000 sheets with unique paintings created in 2016,…

The digital ownership conferred by blockchain will allow the Metaverse to fulfill its true potential as community-owned and community-governed, writes Yat Siu on Cointelegraph. Every day, we hear of more involvement by big industry players (for example, Epic Games and Roblox) as we creep closer to the Metaverse, a shared persistent virtual environment of interconnected…