News from the world of NFTs
The non-fungible token markets take a massive hit as the broad crypto market sees extended turmoil with plummets beneath the $1T value area. Reports from Bloomberg suggest the NFT Index, which tracks weighted by every NFT circulating supply and performance,…
Most market players resorted to the flipping trading strategy as non-fungible tokens (NFTs) enjoyed surging popularity. A recent survey revealed about 64% of individuals bought NFTs with the primary goal of earning. DEXterlab, a blockchain monitory firm, surveyed over 1,300…
Many NFTs are the same as mainstream electronic currencies such as Bitcoin, Ethereum, and Dogecoin. Due to the NFT’s representation as digital assets, they utilize the blockchain’s capabilities. By doing so, NFTs can be exchanged from one wallet to another…
You can purchase & sell memes to earn impressive returns. Latest reports suggest Doge meme NFT sold for $4M. Also, the ‘Overly Attached Girlfriend’ sold for $411K in Ethereum, highlighting the massive profits such deals can make. Individuals have considered…
Client relations management firm Salesforce launches an NFT marketplace to support brand engagement. The software company will control ‘smart’ contracts and security on behalf of clients. Salesforce’s connection with non-fungible tokens started when Marc Benioff’s Time magazine jumped into the…
Atryxiom, an Axie Infinity gamer, invested P1.5 million on the P2E cryptocurrency game when it explored peaks. The player received the P1.5 million from his parents as a gift. Though the hype and earnings cool down, Atryxiom keeps his bet.…
Non-fungible tokens (NFTs) are only in their infancy phase. Mateo Lorenzo said that projects promising real-world technology applications are appearing. Some individuals still trust cryptos, and NFTs are only for experts. Meanwhile, the metaverse, war, and pandemic accelerated changes within…
Solana hits another milestone despite disturbed NFTs markets. Solana network had total sales reaching $2.35 billion in June 2022. SOL’s price could touch $50 after an upgrade to avoid network outages. Solana is a blockchain network known for its efficiency…
Web3 developments, institutional investments, and lawmakers readying to tax metaverse returns remain steady regardless of the massive turbulence within the crypto markets. non-fungible tokens disrupted art in 2021, with artists minting NFTs, exhibiting them, and auctioning the assets, whereas investors…
The cryptocurrency market took a massive hit recently, losing about $500 billion of value. Non-fungible tokens (NFTs) were the first assets to experience the effect. The NFT euphoria has cooled recently, opening the floodgates to colossal losses in space. May’s…