The sharp increase in crypto assets in 2021 only portended a sharp decline in asset prices. NFTs, especially those that are artistic, only started to gain popularity in 2021. If 2020 and 2021 were the falls and summers of crypto, it’s clear that 2022 is crypto’s winter. For people and
In anticipation of the 2022 World Cup, soccer’s international governing body, FIFA, has announced the establishment of an NFT platform for digital collectibles related to the sport. FIFA+ Collect, which will debut later this month. Furthermore, it will provide NFTs depicting iconic events, artwork, and iconography from the world of
On early Thursday The Ethereum wallet of Hollywood actor Bill Murray’s stolen after closing the NFTs auction and raising funds for the charity. The NFTs cost around 119.2 ETH ( around $185,000) and the hackers drained the funds from Murray’s wallet at around 7.00 PM according to the on-chain data.
The majority (41.99%) of the SUDO drop will be distributed through a lockdrop event. Liquidity providers on Sudoswap will get 1.5% of the original supply retrospectively. A new token has been created for use inside the Sudoswap network. Various participants in the decentralized NFT marketplace will get a portion of
A Giant in the Ticketing Industry Today, Ticketmaster announced that they will be using Dapper Labs’ Flow blockchain to issue tickets as NFTs for certain events. The NFTs, which are proprietary blockchain assets, will serve mainly as digital collectibles and shareable “proof of attendance.” Over the course of the last
VeVe has also partnered with DC Comics, a rival of Marvel. The minimum bid is $1,500 per digital item as per the firm. VeVe Digital Collectibles is Marvel’s NFT product release partner, and the company’s product releases have not stopped. The two companies have just announced that they would be
The firm unveiled its plan to add support for Klaytn and other EVM-compatible chains. Moving Polygon to Seaport is a core component of its strategy. OpenSea, the largest NFT marketplace, has just announced that the layer two scaling solution Polygon is now part of their implementation of the Seaport protocol.
Bored Ape Yacht Club prices falling below $100,000 this year Scams and gambling in the NFT industry are increasing. Over the most recent crypto cycle, NFT market conditions have been closely related to and reliant on the wider crypto market. It became easier for investors and private persons to justify
Users will only need to link their digital wallets once to each app. Analysts have noticed that the firm is working on special animations for NFT posts. On Monday, Meta announced that its users will be able to share NFTs on Facebook and Instagram. As part of a trial of
What are NFTs for? Flaunting on social media? Gaining admission to exclusive avatar clubs? Flipping for spectacular profit? Up until now, these have been the primary use cases for non-fungible tokens. But like any nascent technology, it can take time for the market to figure out how best to utilize
