The annual statistics are evidence of the increasing revenue of the NFT Market. In 2020, the NFT industry made a sale of $94.9 million, which rises to $24.9 million in the year 2021. Last year brought immense fortune for the NFT industry as numerous NFTs were sold at sky-scraping amounts resulting in a huge volume […]
The Non-Fungible Tokens (NFTs) are defined as the digital ledger that is stored on the blockchain. It is a cryptographic asset that represents ownership of unique items. If you don’t like stocks, with NFT, you can directly store value in retail digital art. Furthermore, the artist has the ease to sell their work digitally using […]
Process simplified-Create NFT for your digital assets In early 2018, CryptoKitties, an innovation-driven product, became one of the first NFT projects to grab the attention of the crypto community. This original game was developed using a non-fungible token. Any NFT is a non-interchangeable unit of data. The new game became very popular in a short […]
There is a lot of mixed reception to this new technology of non-fungible tokens (NFTs). While many do bring up a lot of benefits, but just as many criticize the technology for financial and ethical reasons. Today, let’s talk about NFTs and whether or not it’s worth your investment. What are NFTs? A non-fungible token […]
What is NFT? A non-fungible token, or NFT, is essentially data stored digitally in a ledger. And this data is representative of something specific. It could be a piece of art, or a song, or a book online, or even a clip from a long video. Owning an NFT does not mean you own the […]
InterChain standards for NFT and Metadata For any application/architecture/application to function at its full potential, synchronization is one of the prerequisites (among other variables). Specifically viewing the blockchain technology from a broader perspective, similar attempts have been going-on since 2017. Synchronization is also seen as an enabler for better scalability among different platforms within the decentralized ecosystem. […]
NFTs – You may have heard of them, but most likely, you have absolutely no idea what they are. And while NFT stands for non-fungible token, that probably didn’t help explain very much, either. Yet a CNBC report on NFTs reveals that sales topped $2 billion (£1.43 billion) in the first quarter of 2021 — 20 times […]
