Tag Archives: Non-Fungible Token (NFT)

The crypto market has proven time and again that anyone who invests at the right time could become a millionaire with relatively small capital. Aside from Bitcoin, which has gained over 5 billion percent in value since it started trading in July 2010, many other cryptocurrencies have turned average traders into millionaires within a few months. One factor that reflects the upward momentum of digital assets is increased “hype” around a trend, and there are a lot of them in the...

This week was nothing short of eventful from all ends of the spectrum. The market went through considerable volatility, fortunately – it was to the upside for the most part. One of the most popular NFT series – Azuki – also airdropped additional NFTs to its holders while the anticipation and hype more or less doubled its value. All this while Axie Infinity’s Ronin bridge was exploited for some $600 million in what can easily be the largest crypto hack ever. Let’s unpack....

It’s April 1st – a day celebrated internationally by people who make practical jokes and have fun. In previous years, we’ve always dedicated a piece on something fun and whimsical to brighten the mood of our readers, but today, it’s important to remain careful. The industry has changed a lot in the past year, and with the advent of non-fungible tokens (NFTs), scammers found a new niche to exploit. Over the past month, we’ve all heard numerous stories of people losing their...

As the new quarter rolls in at full speed, Charles Hoskinson – the founder of Cardano – and Snoop Dogg, who needs no introduction, will discuss the Cardano ecosystem in a few days. Charles Hoskinson will be meeting Snoop Dogg to talk about the Cardano Ecosystem at Cardano360 on April 5th. This became clear earlier when both parties confirmed the happening. Yes, I’ll be with Snoop on the 5th. I have the best job in the world. – Said Hoskinson in a tweet. Snoop Dogg, on the...

The leading digital marketplace for non-fungible tokens – OpenSea – announced it will start listing NFTs minted on the Solana blockchain. The development will see the light of day in April. OpenSea disclosed the news in a recent post on Twitter. The video, dubbed “The best-kept secret in web3,” shows enthusiastic users who believe Solana’s integration will be “huge.” Others think that the endeavor is a “smart” move, by which the marketplace will catch the blockchain...

If you’re struggling to decide between choosing Solana or Ethereum to mint your Non-Fungible Tokens (NFTs), you have come to the right place. In this guide, we’ll explore each blockchains’ strengths, capacities, weak points, and overall differences so you can make a better decision that suits your goals in the NFT market. Ethereum: Ecosystem, Marketplace, and Security There’s no doubt that Ethereum is the largest ecosystem of the DeFi (decentralized finance) sector, with...

Non-fungible tokens continue to be used for some humanitarian reasons, and the latest example came from South Africa. A digital collection of Nelson Mandela’s original arrest warrant from over half a century ago was sold for more than $130,000 to fund a heritage site. Mandela NFT Sold for $130K Prior to becoming South Africa’s first black president, Nelson Mandela was a part of a political organization (African National Congress – ANC), in which he became a leader of...

The US Justice Department announced that two men have been charged with conspiracy to commit wire fraud and money laundering “in connection with a million-dollar scheme to defraud purchasers of NFTs advertised as Frosties.” The suspects, Ethan Nguyen and Andre Llacuna, were accused of lying about benefits promised to NFTs buyers and withdrawing the cryptocurrency proceeds out of the Frosties account through multiple transactions. Their real-life identities were disclosed...

On March 25, Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, announced on his official Twitter account the launch of an NFT museum where the most memorable events of the Ukrainian-Russian conflict will be displayed. This seems to be the materialization of an idea first revealed by Alex Bornyakov and reported by CryptoPotato on March 14. According to Fedorov, the museum will serve as a place to celebrate “the Ukrainian...

South Korea-headquartered LG Electronics has added blockchain and cryptocurrency to its business portfolio. LG’s Blockchain and Crypto Game Plans At the Annual General Meeting on March 24, LG Electronics’ shareholders approved “blockchain-based software” development and “sale and brokerage of cryptocurrency” as two new business areas. Although LG has included the sale and brokerage of cryptocurrency in its business charter, it doesn’t seem to be opening a digital exchange...