NFT News
NFT News

How are NFTs used in fashion and wearables?

1. NFTs revolutionizing the digital assets space Nonfungible tokens (NFTs) are unique digital assets that are embedded on the blockchain and have unique identifiers that can be used to confirm their authenticity and ownership. Each NFT has a unique token ID and metadata that makes this process easy. Their nonfungible nature means that each NFT token is […]

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NFT News

Top 5 mistakes to avoid when launching a new NFT collection

What are the top-five mistakes to look out for when launching an NFT collection? Here’s the answer and how to build a successful project with long-term value. SPOTLIGHT Nonfungible tokens (NFTs) have grown rapidly, and today, are in a league of their own. This new asset class has much to offer and can empower creator economies, […]

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NFT News

How to create an NFT treasure hunt

Partner with artists, set rules, promote online, donate funds, and engage a new audience with NFT treasure hunts. HOW TO A conventional treasure hunt is a game where players use hints or a map to find hidden objects, which are typically tangible items, such as coins, toys or other rewards. The game typically takes place […]

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NFT News

Bankrupt crypto hedge fund 3AC’s NFT auction fetches $2.5M

The auction for parts of bankrupt Singaporean cryptocurrency hedge fund Three Arrows Capital’s (3AC) nonfungible tokens (NFT) collection fetched $2.5 million at its conclusion on May 19. Facilitated by fine arts broker Sotheby’s, collectibles on sale included Tyler Hobbs Fidenza #725, Larva Labs Autoglyph #187 and Tyler Hobbs Fidenza #861. The highest sale amount was Tyler […]

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NFT News

Avalanche creates $200-million fund to lure top crypto devs

The Avalanche Foundation has unveiled “Blizzard” — a fund offering more than $200 million in incentives to developers who build on the Avalanche network. The fund will provide liquidity to those early-stage projects that innovate decentralized finance (DeFi) applications, nonfungible tokens (NFT) and other products on Avalanche. Avalanche is a proof-of-stake network that launched in […]

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NFT News

NFT Steez and Lukso co-founder explore the implications of digital self-sovereignty in Web3

Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. One is federated and centralized whereby data is in the control of the service provider. Self-sovereign digital identity is often cited as a human right that can reclaim […]

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NFT News

How to create and sell Bitcoin NFTs

Bitcoin nonfungible tokens (NFTs) have captured the crypto world’s attention fast, opening new opportunities for the oldest blockchain and digital art enthusiasts. Since their explosion in 2020, NFTs have been typically minted and traded on Ethereum-based platforms, besides other blockchains, such as Cardano and Solana.  However, a new protocol known as Ordinals was launched in […]

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NFT News

The NFT market needs AI power to combat forgery and inflation

The rise of nonfungible tokens (NFTs) spearheaded a new era of digital ownership and investment. With a record number of new NFT collections launched in 2022, the NFT market capped $50 billion in sales volume for the first time. As a fast-growing market operating entirely in the digital world, however, it didn’t take long for […]

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NFT News

What are dynamic NFTs?: Use cases and examples

What is a dynamic NFT? Dynamic NFTs are “living” NFTs designed to be programmable and responsive to external inputs or conditions, opening up new opportunities for personalization, interactivity and value creation in the digital creator economy. Nonfungible tokens (NFTs) are no longer new to the blockchain community, crypto enthusiasts and even for non-tech-savvy artists. That […]

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NFT News

An overview of fake product detection using blockchain technology

What is the importance of supply chain transparency? Supply chain transparency is crucial in preventing the circulation of fake products. Therefore, businesses must take steps to protect their brand and reputation from being tarnished by knockoff goods. Counterfeit products have become a growing problem, affecting both consumers and legitimate businesses. These products can be harmful […]

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