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“# ConsenSys announces layer-two NFT platform, Palm, to compete with Flow ” With a possible billion-dollar nonfungible token drop and a high-powered, multiproject collaboration in the works, the Ethereum ecosystem may finally be ready to compete with NFT-centric blockchain Flow. In a press release today, Ethereum software developer ConsenSys announced Palm, an environmentally friendly NFT…
“# Nifty News: NFTs go carbon-negative, top banker calls NFT investors gamblers ” The non-fungible token rush has seen every man and his Doge flock to the non-fungible market to cash in on the recent craze for tokenized collectibles. Even celebrities one would presume to have little engagement with crypto assets have been rushing to…
“# Cointelegraph Consulting: Hype for NFTs is real, but what about transaction volume? ” Covalent’s latest findings in Cointelegraph Consulting’s biweekly newsletter indicate that the non-fungible token market has whales of its own. The largest user on the OpenSea makes up $192 million in reserve capital while the other users in the top 20% by…
“# Aleph introduces DApp to ‘back up’ NFT art pieces ” Aleph.im, a decentralized filesharing platform, has launched a decentralized application, or DApp, that lets users automatically back up the data underlying their nonfungible tokens, or NFTs, on a censorship-resistant, decentralized network. The concept of NFTs has generated considerable buzz in the last weeks due…
“# Kakao’s Klaytn expands NFT offerings to OpenSea following 800% quarterly growth ” Klaytn, the blockchain project of South Korean tech giant Kakao, has partnered up with NFT marketplace OpenSea to bring a non-fungible token market to its platform. Klaytn is a smart-contract platform developed by Kakao’s blockchain wing, Ground X, which will develop its…
“# NFTs come to Saturday Night Live in rap sketch ” The craze behind non-fungible tokens, or NFTs, has seemingly reached peak parody after NBC’s famed Saturday Night Live sketch comedy featured it in a skit with United States Treasury Secretary “Janet Yellen.” In last night’s show hosted by former cast member Maya Rudolph, Yellen…
“# Smells like NFT spirit? Look Labs launches first digital fragrance ” Look Labs, a contemporary beauty and lifestyle studio founded in Berlin, Germany, has launched the first digital fragrance encoded into a non-fungible token, or NFT, offering further evidence that the digital art craze continues to grow. The fragrance is a digital version of…
“# NFTs are not just for art: As technology matures, more uses will emerge? ” Before the age of smartphones allowed the average person on the street to snap a selfie with their favorite celebrity, autographs and signed memorabilia were highly sought after by collectors. Naturally, the value of these real-world, authentic and rare keepsakes…
“# 3 reasons why Enjin (ENJ) price has rallied 800% over the last month ” Nonfungible tokens (NFTs) have taken the world by storm as stories of record-breaking digital art sales now regularly appear on mainstream news outlets and popular culture. One project that has been well-positioned for years to capitalize on this growing trend…
“# Recur raises $5 million for perpetual cross-platform NFT royalties ” Can a new non-fungible token (NFT) platform finally solve the problem of ecosystem-wide royalties? NFT platform Recur announced on Thursday a $5 million seed round led by the DeFi Alliance, Delphi Digital, Ethereum co-founder Joe Lubin, and Gemini, among others. The raise claims a…