Tag Archives: Non-Fungible Token (NFT)

The cryptocurrency space has seen numerous prominent individuals who went from criticizing it to joining it years later. Jordan Belfort, who used to bash bitcoin but later predicted it will tap $100,000, is now a keen supporter of the non-fungible token industry. NFTs have garnered the attention of numerous celebrities outside of the cryptocurrency space in the past year. Individuals like Tom Brady, Steph Curry, Eminem, and Paris Hilton, to giant organizations like Marvel...

It appears that everything related to the Shiba Inu (SHIB) cryptocurrency is appreciating in value over the past couple of weeks. Now, the Shiboshis are also seeing a strong wave of demand. As CryptoPotato reported earlier in October, Shiboshis represent the native non-fungible tokens (NFTs) of the Shiba Inu ecosystem. These are 10,000 digitized creatures that were set for sale about ten days ago and caused a serious wave of demand. Based on the official post, the NFTs cost...

A new report has revealed that a significant portion of all Ethereum-based non-fungible tokens (NFTs) is in the possession of a small number of addresses on the network. The report, which was published on October 21 by the open-source blockchain analytics firm, Moonstream, focused solely on NFTs with the ERC 721 token standard. It was conducted on more than 7 million NFT transactions on the Ethereum blockchain between April 1 and September 25, 2021. Inequality in NFT...

British motor racing team, McLaren Racing, has recently announced the launch of its non-fungible tokens (NFTs) platform, where fans and digital art collectors can purchase its digital collectibles. The new endeavor will be built on the popular Tezos blockchain. McLaren Joins the NFT Craze According to a press release shared with CryptoPotato, the NFT platform, which is dubbed “McLaren Racing Collective,” will serve as a way for the team’s fans and other enthusiasts “to own a...

In a recent blog post, the developers of Axie Infinity, the most popular NFT game in the crypto ecosystem, were pleased to reveal that the fighting monsters were the most traded NFT collection of all time and thanked the players for this achievement. Comparisson between Axie Infinity and the rest of the most popular NFT collections. Image: Axie InfinityNow, just two weeks after that post, the Axie Infinity team announced the 1.1.0a update, with changes to the game’s dynamics…...

Michael Novogratz – the CEO of Galaxy Digital and a prominent bitcoin bull – thinks that prices people pay for NFT products are not normal “in any way, shape, or form.” As such, they should consider “taking some money off the table” and investing it into the two leading digital assets. Dump NFTs, Go for BTC And ETH Speaking at the London’s Token2049 crypto conference, crypto billionaire Mike Novogratz aired his thoughts on non-fungible tokens, specifically their soaring...

South Korea-based blockchain-focused investment firm Hashed has announced the launch of its new startup studio to support and research new use cases of blockchain technology in the rapidly growing NFT space. Exploring the Full Potential of Blockchain In a press release today, Hashed noted that the studio, named UNOPND, will foster various creative projects with the primary goal of exploring and experimenting with new ways to apply blockchain technology to the online gaming...

Popular NFT-based play-to-earn online game, Axie Infinity, will be raising approximately $150 million in a Series B funding round at a nearly $3 billion valuation. Andreessen Horowitz to Invest in Axie Infinity According to a recent report, which cited two unidentified sources “with direct knowledge of the deal,” the funding round will be led by popular American venture capital firm Andreessen Horowitz. Axie Infinity is a monster-battling game that uses NFTs to reward its...

Popular social media giant TikTok has announced that it will be venturing into the non-fungible token (NFT) space by leveraging content from some of its top creators. The short video-sharing platform, which recently crossed 1 billion global users, said its NFT collection, dubbed TikTop Top Moments, will feature content from six “culturally” important videos from creators. Some of those names included Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Brittany Broski, FN...

Raiinmaker, a blockchain-based fan engagement platform, has recently partnered with the multimedia firm Cosmic Wire to roll out six special non-fungible tokens (NFTs) to support several climate charities. According to a press release shared with CryptoPotato today, both firms will be launching the NFT collection based on the artwork of the mysterious legendary street artist Banksy. Supporting Climate Charities The digital arts will represent the iconic remnants of Banksy’s...