NFT

In a Twitter thread late on Wednesday, OpenSea revealed that it is working on strengthening its policies around asset theft. The marketplace acknowledged the failings of its existing measures, however, going forward the team intends to be more open with users. Users Dissatisfied With Stolen Items Policy Since the onset of space, thefts have been one of the biggest issues the NFT industry has faced. OpenSea does have policies in place for stolen items. However, over the past year, the…

Sleep minting happens when a scammer mints an NFT to a renowned creator's wallet with authorization to retrieve it. This gives the impression that creators legitimately minted an NFT to themself before sending it to a criminal. This guide will teach you how to protect yourself from sleep-minting scams. Moreover, we will mention what steps you can take to prevent the phenomenon from happening. What is Sleep Minting? Scammers utilize "sleep minting” to mint an NFT and deposit it immediately…

When you think about it, the concept of a floor price is relatively simple. It’s the price below which no one can sell an asset. In traditional finance, a centralized exchange sets a floor price.  For example, if a stock falls below a threshold, the exchange may halt trading to prevent prices from dropping further. The same principle applies to digital assets and securities. For example, the floor price for an NFT depends on supply and demand, historical prices, or…

When sending or receiving NFTs, you'll need to pay a fee to the blockchain to process the transaction. This fee helps to cover the costs of processing and validating the transaction. The fee varies depending on the blockchain, but it's generally small. If you're new to NFTs, then it's important to understand how transaction fees work before sending or receiving any tokens. By understanding the fees involved, you can avoid unexpected costs and ensure blockchains process your transactions smoothly. What…

Non-Fungible Tokens (NFTs) are digital assets that are not interchangeable. Instead, they each have unique characteristics, unlike any other token on the market. For this reason, they hold a lot of potential for various industries and use cases.  This guide will look at the most common criteria for trading NFTs. What Are NFTs? NFTs are unique digital assets and cannot be interchangeable. This feature makes them perfect for various applications, including gaming, collectibles, and online marketplaces. When buying or selling…

As the popularity of cryptocurrencies and blockchain technology grows, so does the potential for scams and fraud. The NFT Opportunity and Its Appeal to Scammers Blockchain, a decentralized ledger tracking all transactions involving an item, is where NFTs reside. NFTs can represent anything from art to in-game items. These assets have become increasingly popular in recent months as their prices have soared. However, as with any new and burgeoning market, the NFT space is rife with fraudsters looking for unsuspecting…

Cryptocurrencies are changing the gaming industry, with new platforms and games emerging that use blockchain technology and decentralized systems.  One such platform is AbellWorld, which uses NFTs and DeFi technology to create a gaming ecosystem that benefits players economically.  In this article, we will discuss how AbellWorld is providing a decentralized solution for all crypto gamers. What is AbellWorld? AbellWorld is a gaming ecosystem that uses NFTs and DeFi technology. It aims to be fair and equitable, focusing on data…

Volt Inu has proudly announced that their Volted Dragons Sailors Club NFT collection is coming to the market. The upcoming mint will have several features, as the team explained.  The Volted Dragons Sailors Club NFT collection is crucial because it offers a new and unique experience for NFT investors. The collection has several features that will appeal to investors. The team mentioned the opportunity to buy into the mint during the first three rounds. Anticipating the Minting Rounds The Volted…

BinaryX, a leading P2E game development company, has released the official whitepaper for Rh!noX, a collection of 10,000 NFTs enabling holders to use their assets as avatars on various GameFi and DeFi applications on the BNB Chain. The Rh!noX NFT series gets its inspiration from Soulbound items in the World of Warcraft game and aims to be the first-ever Soulbound Token on the BNB chain. Moreover, the collection links the holders' NFTs to their interactions, thus developing them into unique…