Imagine being able to invest in one of Taylor Swift’s first hits as an NFT. While her career ascends, so would your investment value — with royalties to be collected. So far, NFTs have mostly centered around art and gaming — but here’s how tech is disrupting an industry dominated by streaming platforms and record…
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2022 state of the NFT market: Slowing growth and growing criticism
The crypto and mainstream world are heavily divided on NFTs — with their bad rep for scams and cash grabs by companies and influencers. On social media, it’s hard to tell what’s a paid promotion and what isn’t — and users are angry over companies rushing into NFTs. Several gaming companies attempted implementing NFTs —…
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Bored Apes enters the metaverse and launches ApeCoin
NFTs — you either hate ‘em or love ‘em — or have no idea what they are (Primer: What are non-fungible tokens — NFTs?). The crypto world is focused on a token launch and metaverse announcement from Yuga Labs — the creator of the world’s most valuable NFT collection. Too culturally relevant to ignore Bored…
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Investors bet on rising virtual real estate prices
Virtual real estate investor, Republic Realm, purchased a virtual plot of land on Sandbox ($SAND) for $4.3M — breaking a record 2.5M purchase just last week. Virtual floodgate: Virtual worlds exploded in popularity after Facebook’s rebrand to Meta (NASDAQ:META) — sending just about everything virtual reality-related (VR) soaring. Everyone except Meta — which is only…
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Coinbase takes on OpenSea with its own NFT marketplace
Says no NFT traders ever. Non-fungible tokens (NFTs) — the tech behind pixelated pictures of monkeys and rocks selling for obscene amounts — have become one of 2021’s biggest trends. And large public companies want a piece. Would you buy a picture of a rock for $1.3M? In August, NFT trading volume jumped 10x to…
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