Demole is Extending NFT Gaming Beyond Blockchain

Demole is Extending NFT Gaming Beyond Blockchain

Demole is Extending NFT gaming beyond blockchain. The global gaming business was valued at $300 billion in 2021, thanks to the proliferation of consumer-grade PC technology and cellphones, making video games a more popular source of entertainment than the American cinema industry. Parallel to the surge in gaming popularity is the explosion of the decentralized […]

On the Cardano Network, SpaceBudZ makes the first NFT Sale Above $1 million

On the Cardano Network, SpaceBudZ makes the first NFT Sale Above $1 million

NFTs have been operational on the Cardano network for some time. Before the network’s smart contracts capability debuted, users could mint and sell NFTs without requiring a smart contract address. This has been one of the network’s draws; and users have taken full advantage of the ability to trade NFTs on the blockchain. However, in […]

ShoeFy Raises $3.65 Million for Innovative NFT Platform With Utility Layers

ShoeFy Raises $3.65 Million for Innovative NFT Platform With Utility Layers

ShoeFy, a decentralized project that combines nonfungible tokens (NFTs) and fungible tokens (FTs) on a single NFT platform to add new utility layers to NFTs, has raised $3.65 million in a fresh round of funding. DuckDao, MoonWhale, ExNetwork, AU21, Basics Capital, Dutch Crypto Investors, and others are among the investors. Despite a hugely oversubscribed private […]

NFT’s Dark Side: Art & Identity Theft, Wash Trading, And Environmental Desolation

NFT's Dark Side Learn more

NFTs are rapidly changing the landscape of art and entertainment; but the new phenomenon has attracted the attention of fraudsters; who are using it to commit crimes such as art theft and identity theft. Copyright regulations; document storage, forgery concerns, a high carbon footprint; expensive taxes, and ownership defaults are among the other challenges, according […]

How NFTs are Affecting the lives of Artists: Bullseum

NFTs

The blockchain is responsible for the creation of NFTs (Non-Fungible Tokens). They are similar to cryptocurrencies, but they are not the same. NFTs, unlike cryptocurrencies, are one-of-a-kind tokens. They display ownership, source, and history on a database that is permanent, transparent, decentralized, secure, and open-source. Numerous fields are being disrupted or are on the verge […]