NFT

The market generally associates NFTs with digital reproductions of art that might potentially grow in value over time. In general, this is true for most NFT projects. However, new use cases for NFTs are emerging as the market grows. For example, the notion of staking tokens is well-known among cryptocurrency fans. Still, using this mechanism in the NFT realm is rare. Our guide will explain how developers thought of merging the features of NFTs with those of the staking system. …

BinaryX recently announced the launch of its collection of non-fungible tokens (NFTs). Rh!noX is a 10,000-piece NFT collection that allows holders to use the Rh!noX avatar on different GameFi and Defi applications on the BNB Chain. The series draws inspiration from the ‘soulbound’ items in the World of Warcraft universe. Moreover, it adopts a similar approach by bounding the NFTs to their holder's interactions. As a result, they become one-of-a-kind genuinely. Rh!noX soulbound token holders will enjoy several benefits, including…

New York City prosecutors have levied first-of-a-kind NFT insider trading charges against a former OpenSea employee. Manhattan Attorney Damian Williams says it represents his commitment to stamping out both stock market and blockchain-related trading crimes. The charges are related to insider trading activities carried out by 31 y/o Nathaniel Chastain while working at OpenSea. According to Reuters, Chastain is accused of secretly buying 45 specific NFTs on 11 different occasions. When doing so, he was under confidential knowledge that the…

Defi Yield Protocol (DYP) – a yield farming aggregator platform – has opened its GameFi adventure experience “CAWS Adventures” to its users. NFT holders may now connect their wallets and begin playing right away. According to an announcement from DYP on Tuesday, users must hold a CAWS NFT if they wish to play. The game’s site already features 10 levels for CAWS holders to play in, and a leaderboard of the highest-scoring wallet addresses. CAWS (Cats and Watches Society) is…

The growing NFT economy brings a whole new set of possibilities to the market. While buying NFTs used to be a relatively straightforward activity, the sector has new complexities. It is common to see many NFT tools appearing online in this context. However, as we will see in today’s guide, investors can benefit from different tools. Therefore, the list below is not a ranking and mentions tools belonging to many categories. BitDegree Using BitDegree, it is possible to identify and…

A strategy to penetrate the $3 trillion Islamic market. Marhaba (MRHB), a Muslim-centered DeFi platform, is launching the world’s first Sharia-backed NFTs certification.  The system involves a process where NFTs projects will be submitted to a Sharia administrative board. This panel will review the artwork’s compliance with Sharia Modesty and ethical code. Halal NFTs receive a Blockchain minted certificate curated by Sharia Experts LTD, an Islamic advisory platform for web3 projects.  Mohammed Naquib, the founder of Marhaba, explained how the…

The rarity of a non-fungible token (NFT) is one of the most often debated topics on the internet. The rarity of an NFT is one of the most critical elements in determining its value. Understanding how rarity works is a significant advantage for anyone investing in the NFT market. How can traders learn to measure this feature for any digital asset? Our guide today will share more insight into this critical aspect. Is It Possible to Measure Rarity? There has…

Co-founder of the Milady Maker NFT collection Charlotte Fang no longer holds their position as CEO. After Twitter users kicked up an uproar concerning their ties to certain racist and homophobic blog posts and possibly a suicide cult, Fang quit the project. 0xngmi's Allegations DefiLlama analyst 0xngmi made the allegations in a thread showing tweets from Miya's old account. Miya compares black people to gorillas in these posts and says "strong male figures" are necessary to tame women. The poster…

Longtime electronic game giant, GameStop, has announced the release of its beta NFT wallet. The unveiled wallet is the first step to GameStop's goal of a native Ethereum-based NFT marketplace. GameStop Wades in Web3 Waters On Monday, 23rd May, GameStop took to its official Twitter account to publicize the development. The new wallet, downloadable on GameStop’s website, would allow users to send and receive digital assets without leaving their web browsers.  https://twitter.com/GameStop/status/1528693604364976129?s=20&t=xkghM9-X6-nnLMg4U5cgQQ According to the announcement, GameStop’s wallet boasts Ethereum…