Tag: NFT

Amazon NFT Platform Is Gamechanger

With the use cases of NFTs constantly multiplying, there are many speculations as to what Amazon will focus on. Top players in the NFT space have adjudged the rumors of an Amazon NFT platform to be a potential game changer. The rumors started swirling about the platform after Amazon CEO Andy Jassy noted the e-commerce giant may sell NFTs. Since then, different reports have emerged outlining how the company could move forward with the initiative. One report even suggested that the e-commerce giant will be ready to launch the platform…

NounsDAO Approves Proposal for Feature-Length NFT Movie

The budget for the first installment has been set at $125,000. According to the proposal, the pilot will be revealed in 90 days, after which the decentralized autonomous organization (DAO) will decide whether to continue funding the project. Nouns members will be allowed to submit story arcs and ideas for future installments. Source

Absorb for adoption — How infamous 30% Apple cut affects iOS NFT apps

boss

Apple’s continued enforcement of in-app purchases to sell services remains a trade-off for NFT applications looking to tap into the convenience of streamlined in-app purchases for iPhone users and a massive user base around the world. As previously reported, Apple maintains strict rules for nonfungible token (NFT) apps, enforcing a 30% commission on the sale of NFTs through in-app purchases. The enforcement of this 30% commission has been a sore point, with Coinbase Wallet seeing an update to its application blocked by Apple in December 2022. This was due to…

4 out of 10 NFT sales are fake: Learn to spot the signs of wash trading

NFT wash trading creates a phoney appearance of popularity to push up prices and rip collectors off. But you can learn how to spot the signs. Wash trading on nonfungible token (NFT) marketplaces is back in the spotlight after critics claimed the fast-growing NFT marketplace Blur has incentivized the practice with its trading rewards scheme. 10% of Blurs total token supply was distributed to users based on their trading activity in its second token reward scheme from Feb. 14. The platform has seen a surge in trading volume in comparison…

NFT Artist Beeple Opens Digital Art Gallery in Charleston

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CryptoX employees, including editorial employees, may receive exposure to DCG equity…

What is NFT rarity, and how to calculate it?

boss

An NFT’s rarity plays a role in its perceived cultural and artistic significance. For example, an nonfungible token (NFT) that is the only one of its kind and possesses significant cultural or historical value may be considered a rare and must-have artifact. But why is NFT rarity important? NFT rarity is important because the market worth and appeal of an NFT can be significantly influenced by the nonfungible token’s rarity, which can also influence its resale value. Moreover, NFT collectors frequently look for unusual and distinctive nonfungible tokens to add…

Starbucks Launches its NFT Collection Which Sold Out in Minutes

Just like the name, the Siren Collection featured the firm’s iconic brand Siren and they were priced at $100 each. American multinational chain of coffeehouses, Starbucks Corporation (NASDAQ: SBUX) has launched its latest Non-Fungible Token (NFT) collection dubbed “The Siren Collection.” The collection made up of 2000 collectibles dubbed stamps was floated under the Odyssey program and reportedly sold out in just about 18 minutes. This record selloff was despite the hitches that the launch caused as users experienced some forms of difficulty accessing the website which was overwhelmed with…

NFT Company Palm Teams up with Pussy Riot to Foster Activist Art

Additionally, Palm and Tolokonnikova will continue to empower artists through an upcoming feminist art contest set to take place in April during the NFT.NYC conference. PalmDAO is calling on activists and artists to submit their work to the competition. From there, Tolokonnikova will select five finalists to be showcased during the event, where one winner will earn $1,000 and a special display of their work. Source