NFT News

What are the applications of NFTs in supply chains?

• by admin
• March 27, 2023

Why should businesses adopt nonfungible tokens in their supply chains? NFTs can be used in supply chains to make them more transparent and efficient, leading to several billion dollars being saved. This is yet another space where Web3 technologies can have real-world applications. The supply chain is an integral part of any business. Right from […]

NFT News

The regulatory considerations of NFTs in the United States

• by admin
• March 22, 2023

These days, a perennial question doing the rounds in crypto circles is – Are nonfungible tokens (NFTs) legal in the United States? Regulatory bodies around the world, including the U.S. Securities and Exchange Commission (SEC), tend to view crypto assets as a security. In the near past, NFT rules and regulations often failed to distinguish […]

NFT News

GameStop NFT marketplace: A beginner’s guide

• by admin
• February 27, 2023

What is the GameStop NFT marketplace? The GameStop nonfungible token (NFT) marketplace was launched in July 2022 during the crypto bear market. Despite being a traditional Web2 gaming organization, GameStop has seen success with the platform primarily due to the distribution strategies they used in onboarding Web2 and Web3 users onto the marketplace. The rise […]

NFT News

What is tokenized real estate? A beginner’s guide to digital real estate ownership

• by admin
• February 27, 2023

The integration of blockchain technology into real estate has triggered a complete overhaul of the domain. It has facilitated digital real estate ownership, opening up the space to individuals previously left out due to insufficient funds and covering up issues like the lack of trust and transparency. Real estate has been quite an illiquid asset, […]

NFT News

A beginner’s guide to the popular blockchains used in NFT development

• by admin
• February 27, 2023

Introduction to nonfungible token blockchains One of the most popular use cases of blockchain technology, nonfungible tokens (NFTs), are widely used to display and trade ownership of real and digital objects and intellectual property. But how do NFTs work? What differentiates an NFT from a digital image is the use of metadata that allows NFTs […]

NFT News

NFT investment: A beginner’s guide to the risks and returns of NFTs

• by admin
• February 27, 2023

What are NFTs and how do they work? Nonfungible tokens, or NFTs, are digital assets that represent anything from art to music to videos. Although NFTs may be used to buy and sell digital artwork, they can also be used to represent real-world assets. An NFT essentially proves that the digital (or real-world) asset it […]

NFT News

A beginner’s guide on the legal risks and issues around NFTs

• by admin
• February 27, 2023

The rise of NFTs Sales of nonfungible tokens (NFTs) have skyrocketed in 2021. The NFT market size was worth around $20 billion in 2021 and is expected to rise twice as much by 2025. This spectacular growth was unexpected at the beginning of 2021 when only a niche group of digital artists and cryptocurrency enthusiasts […]

NFT News

How do NFTs impact the environment?

• by admin
• February 26, 2023

Increasing awareness of global ecological damage and climate change caused by technological progress has led industry experts and artists to question the environmental impact of nonfungible tokens, or NFTs. Despite the extraordinary rise of these types of digital assets in the last year, it’s still too early to obtain valid data to assess the environmental […]