Tag: NFT

Gym owners aim to bring NFT memberships to wellness clubs

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While many nonfungible token (NFT) projects continue to suffer losses due to the bear market, a number of organizations have begun using NFTs to solve real-world problems.  In particular, NFTs for subscription/membership-based models, or loyalty programs, are gaining traction. This point was highlighted in Forrester’s 2023 NFT and metaverse predications report, which notes: “Brands will pivot from ‘cool’ non-fungible tokens (NFTs) towards loyalty. In 2023, brands will shift their focus to NFTs linked to loyalty, brand experience, and deepening customer relationships.” Indeed, NFT use cases such as these are being…

Easy Way To Enter The NFT-verse With The White Label NFT Marketplace

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NFTs are king in the business and financial sectors. These tokenized digital assets enable both business and creative minds to succeed in their endeavours. Numerous artisans and creators convert their works into NFTs so they can trade them for cryptocurrencies or other instantly exchangeable value-based assets.. For those looking to launch their own business, many development service providers provide White Label NFT Marketplace options. These non-fungible tokens have attracted the attention of entrepreneurs and business owners who want to build an NFT-based platform. NFT Marketplace is the name of the…

Why NFT Artists Shouldn’t Expect ‘Royalties’

Artists have boycotted some exchanges that moved away from royalties. For instance, X2YX has seen trading volume drop from 11,540 ETH on Aug. 26, the day it ditched royalties, to 547 ETH, Decrypt reported. “A month ago, around 75% of NFT buyers opted-in to paying royalties on [X2Y2], when given the choice,” Punk 9059 tweeted. “Now that number is around 18%.” Source

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Square Enix Announces Symbiogenesis, a Story-Driven NFT Interactive Experience – Blockchain Bitcoin News

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Square Enix, the Japanese AAA game developer and publisher, announced the launch of a new NFT-based gaming franchise, titled Symbiogenesis. The experience, which will be built on top of Ethereum, will leverage the use of NFTs (non-fungible tokens) as art that users can set as profile pictures and use in a separate NFT market. Square Enix Announces Symbiogenesis NFT Project Square Enix, one of the leading Japanese gaming companies, has announced Symbiogenesis, one of its first NFT-based interactive experiences. On Nov. 3, as part of the company’s participation in the…

OpenSea launches new on-chain tool to enforce NFT royalties

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Nonfungible (NFT) marketplace OpenSea appears to have taken a position in the NFT royalties debate — launching a new “on-chain” tool helping creators enforce royalties.  The NFT marketplace, which according to CoinGecko commands 66% of the market share in NFT marketplaces, has been relatively silent on the issue of royalties and enforcement while others in the space have been implementing their own strategies over the last few months.  In a Nov. 6 blog post, OpenSea CEO Devin Finzer noted that in marketplaces where fees are optional, they’ve “watched the voluntary creator fee…

OpenSea launches on-chain tool to enforce NFT royalties

Nonfungible (NFT) marketplace OpenSea appears to have taken a position in the NFT royalties debate — launching a new “on-chain” tool helping creators enforce royalties.  The NFT marketplace, which according to CoinGecko commands 66% of the market share in NFT marketplaces, has been relatively silent on the issue of royalties and enforcement while others in the space have been implementing their own strategies over the last few months.  In a Nov. 6 blog post, OpenSea CEO Devin Finzer noted that in marketplaces where fees are optional, they’ve “watched the voluntary creator fee…

New Digital Collectible Collections Art Gobblers and Keepers Propel NFT Sales 56% Higher This Week – Markets and Prices Bitcoin News

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Non-fungible token (NFT) sales increased a great deal during the last seven days as NFT sales jumped 56.73% higher than sales recorded the week prior. Over the last seven days, out of 889,499 NFT transactions, NFT sales volume reached a total of $170.48 million this past week. Art Gobblers and Keepers Collections Give NFT Sales a Push NFT sales have risen during the last seven days as sales volume increased by more than 56% tapping $170.48 million this week. Sales stemmed from 18 different blockchain projects and Ethereum (ETH) captured…