NFT

Most people who use the internet regularly, whether for business or pleasure, are familiar with NFTs. Everyone in the crypto/blockchain community looks at these "Non-Fungible Tokens” with interest.  The only problem is that NFTs are becoming extremely popular and too costly to own.  In this context, Fractional NFTs, or F-NFTs, have entered the market to attract new investors. Imagine dividing a single NFT into smaller parts and making it available for purchase. This concept is the principle governing the growing…

A trying week for the crypto community closed in even lesser glamorous style as phishing attacks followed the dour market.  While the surprising crash of stablecoins and the collapse of LUNA disturbed many, attackers seized the bad week to wreak more havoc.  Earlier today, CoinGecko raised a scam alert on Twitter. The Singapore-based data aggregation company warned its users to disregard any prompt to connect wallets to the CoinGecko site. In a quick responsive post, the data aggregator made it…

Crypto payments make up a good chunk of AMC’s revenue. Late last year, Adam Aron, CEO of AMCTheaters announced in a tweet that the entertainment company would accept cryptocurrencies as payment online. It was a bold move that revealed his soft spot for blockchain technology, and one that has seemingly paid off significantly.  According to the CEO, more than a third of its ticket revenues were from cryptocurrencies. On the list of its acceptable coins were Bitcoin, Bitcoin Cash, Ethereum,…

American singer and songwriter Madonna Louise Ciccone has partnered with renowned digital artist Beeple to create non-fungible tokens (NFTs). The Queen of Pop unveiled this news through a tweet on May 9. She said her NFT project is dubbed Mother of Creation. The NFT triptych features three graphic videos. According to Madonna, she and Beeple worked on the project for a year. She added that this project is unique because it is based on the idea of creation and motherhood.…

Meta CEO and founder, Mark Zuckerberg, has confirmed that Instagram would integrate an NFT feature for creators. Zuckerberg also intimated that Facebook could soon get a similar upgrade. On Twitter, it is not unusual to see a hexagonal-shaped profile picture. In January 2022, Twitter enabled its users to display their NFTs, although this only applies to those on the premium version – Twitter Blue. In a similar fashion, Instagram is set to allow creators and owners curate their pages and…

Defi Yield Protocol (DYP) has launched a staking pool for its “Cats and Watches Society” (CAWS) NFT collection. The yield farming aggregator will reportedly provide up to 50% APR to CAWS stakers, denominated in ETH. Earning Yield on NFTs? NFT staking differs from cryptocurrency staking through the so-called “proof of stake” consensus mechanism. Rather than securing a network, “staking” an NFT is simply locking up one’s holdings with a platform to earn rewards. The 50% APR rewarded to CAWS stakers…

Earlier today, a hacker gained access to NFT marketplace OpenSea's discord server, exploiting its channel for a phishing scam. This is the second time that the platform has fallen victim to this form of attack this year. Hacker Promotes Fake Collab Between Youtube and OpenSea According to reports and screenshots from participants in the server, the attacker took over one of OpenSea's bots. They then uploaded a string of posts sharing news of a collaboration between YouTube and the NFT…

Blockchain technology should have made life simpler for digital artists selling unique tokens of ownership to others. A public ledger can give buyers a record of who owns a piece of art in perpetuity. Blockchain gave some artists a new chance to earn money. However, some artists admit that the last year's crypto boom has been a mess. Anyone can "mint" a digital asset as an NFT, even if they don't own it. How do you spot a fake NFT…

The NFT marketplace and the metaverse are serving art creators all over the world, and offering a novel way for art appreciation. It appears that poets and poetry, in general, are also not alien to this trend.  NFTs Embracing All Forms of Arts Since Everydays sold for  $69 million, “art” became a word that observers easily associated with NFTs. In fact, what mostly comes to mind when “art” and “NFTs” are mentioned in the same breath is visual arts. The…