Tag: NFT

UN approves NFT standards initiative led by Tencent

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Chinese entertainment conglomerate Tencent has been approved by the United Nations to lead a project exploring the creation of a standard technical and security framework for non-fungible tokens (NFTs) . The project, dubbed a “technical framework for DLT-based digital collection services” will be the world’s first U.N.-approved standards initiative for NFTs, according to state-owned local media. The U.N. agency for information and communication technologies, The International Telecommunication Union (ITU) approved the project, which is expected to complete an initial draft by the end of 2022, according to a report from…

Land grab in the Shiberse, floor prices fall, NFT house sale and more…

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The team behind one of the top memecoin projects Shiba Inu (SHIB) is rolling out tokenized real estate dubbed “Shiba Lands” as part of its upcoming metaverse project. Shiba’s upcoming metaverse is yet to receive a name, with the team referring to it as the “Shiberse,” and stating that the official title will be revealed later this month. The launch date for the tokenized land sales and auctions is also set to be announced soon and hodlers of the LEASH token (which is available via Shiba Swap) will be granted…

Cómo funciona el Blockchain? (Explicado al 100%)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io En esta animación os explico qué es y cómo funciona el Blockchain. También hay una explicación sobre proof of stake, contratos inteligentes y NFTs, pero la mayoría del vídeo se centra en torno al funcionamiento de las criptomonedas a través de la prueba de trabajo. Empiezo explicando brevemente cómo funciona la criptografía asimétrica, que permite la autenticación de cualquier transacción en la red. Luego hablo sobre la función hash SHA 256, que es el pilar fundamental de la prueba de trabajo. Siguiendo…

FarmVille developer Zynga set to release first NFT game this year

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San Francisco-based game developer Zynga, best known for the FarmVille and CSR Racing series, has announced plans to release its first blockchain and NFT-based games this year. The billion-dollar game studio first made waves in the crypto world last year after appointing 30-year gaming industry veteran Matt Wolf as Vice President of Blockchain Gaming to lead the company’s charge into the burgeoning industry. Zynga has also announced plans to increase the current blockchain gaming team from 15 employees to anywhere up to 100 by the end of this year. The…

NFT prices misfire as OpenSea daily active user volume drops 30% in a week

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While it seems OpenSea is keeping pace with January’s total volume of $5 billion by generating over $1.3 billion in total volume the last 7 days, the number of active users has decreased by more than 30% according to data from Dune Analytics. Are we beginning to see a lull in trader activity as a sign of an impending market pullback or are investors and collectors taking their trading activity elsewhere?  OpenSea daily active users. Source: Dune Analytics The closest rival to the market-place is LooksRare has generated approximately $3.49 billion in…

Why Is NFT Ticketing the Future of the Ticketing Industry?

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NFTs will take center stage in 2022. They have established themselves as a major market segment in the crypto industry, with more than $20 billion in trading volume and mainstream participation from all corners of the world. NFTs have now become a market-expanding technology. So, it is no longer limited to art or any type of digital collectible. Its true ownership and non-fungible characteristics enabled multiple use-cases in the real world. Among many innovative use-cases of NFTs, the one that stands out and can immediately make a global impact is…

Opensea’s All-Time NFT Sales Volume Crosses $20 Billion – Bitcoin News

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Data indicates the non-fungible token (NFT) marketplace Opensea has crossed $20 billion in all-time sales. The leading NFT marketplace has seen more than 1.2 million traders leverage the platform since the market’s inception in 2017. 1.2 Million Opensea Traders and $20 Billion in Sales Volume Metrics show that the NFT marketplace Opensea has surpassed $20 billion in all-time sales volume, according to dappradar.com. The NFT market was created five years ago by the entrepreneurs Devin Finzer and Alex Atallah. Opensea allows users to sell NFTs at a fixed price and…

Alfa Romeo’s New SUV Is Loaded With All The NFT And Blockchain Goodies – Can It Spur Sales?

The infrastructure of NFT technology continues to expand far beyond the realm of art, with the world of sports cars the latest to adopt the blockchain. Alfa Romeo, the iconic Italian luxury carmaker, has confirmed that it will use non-fungible tokens to monitor and store maintenance records for its new Tonale sports utility vehicles on the blockchain. The Tonale is Alfa Remeo’s “first SUV on the market” that will come loaded with an NFT digital certificate, which the company claims will increase the vehicle’s “residual value.” NFTs are non-replaceable digital…

The Next NFT Gaming Revolution

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Non-Fungible Tokens (NFTs) have become the go-to killer application for the gaming sector. The reason is simple: NFTs are a form of asset whose ownership is recorded on Blockchain and corresponds to a unique and specific digital piece of art, image, video – or in-game tool. This means that, for the first time ever, gamers can finally earn money with their talent (play-to-earn gaming), and metaverses can turn gameplay elements (characters, accessories, and even virtual land) into tradable assets with real-world value. Unsurprisingly, NFT gaming is experiencing a head-spinning period…