When cryptocurrency emerged in 2009, the average person didn’t understand what it was or could represent. Today, cryptocurrencies come in all shapes and sizes and anyone with a smartphone can invest in different cryptos or hunt for the next coin that might rocket to the moon.
Non-fungible tokens (NFTs) have earned a lot of attention in the crypto sphere in recent years, and the public has grown acquainted with them. NFTs have become a popular kind of digital art, drawing attention from a wide audience.
Many cute animals have made an impression with their gorgeous digital avatars in the NFT area recently,
Facebook made waves recently when it announced it’s rebranding as Meta Platforms. The announcement was more than a simple name change, though, as its subsequently rising stock indicates.
Meta is investing heavily in a trend that has begun to take off in blockchain circles: the metaverse.
With NFT sales surging to a new high this year, the hype over this latest digital phenomenon seems nowhere near declining, with even consumer brands like Coca-Cola, Gucci, Nike and Taco Bell getting into the fray. Piplsay, a global consumer research platform, polled 30,870 Americans and 9,170 Britons to understand their interest and opinions.
LEXIT is a DeFi platform for tokenizing intellectual property into NFTs. These NFTs are then made available through LEXIT’s launchpad,
Talk about odd bedfellows; whoever thought artistic works would ever be associated with blockchain technology? And yet this unlikely union, introduced to the world in the form of “non-fungible tokens” (NFTs), is making an impact in the digital art world, pop culture, brand marketing, and how the market establishes value on the ownership of art pieces.
NFTs or non-fungible tokens are quickly becoming the new hotspot in the blockchain and cryptocurrency markets. Over the past few months, stories of digital collectibles — from Jack Dorsey’s first tweet to Beeple’s collage — being sold for millions, have been making headlines around the world.
The first ever digital only artwork at Christie’s closed yesterday for a staggering $69m. This record breaking auction comes as no surprise following the recent explosion around non-fungible tokens or NFTs.
NFTs has been around since the mid-2010s but hit the mainstream in late 2017 with CryptoKitties,
What Is: Non-Fungible Tokens (NFT’s)
So here we are. Two years on and a little deflated.
While unregistered or non-exempt token offerings were started with great fanfare, reaching their crescendo in 2017 with the wild-west of unregistered ICO’s shot down O.K.
Non-fungible tokens (NFT) platform Curio has raised $1.2 million in a seed funding round led by Future Perfect Ventures with participation from A195 Capital, LongHash Ventures, MoonWhale Ventures, and several others including former Time Inc CEO and former Fox Entertainment executive, Rich Battista.