NFT News

NFTs, or non-fungible tokens, are digital identifiers that certify the ownership of goods, mostly digital files such as photos, videos, or audio. They are unique representations of these goods, meaning that each NFT is unique.

They differ from crypto in that ordinary tokens are fungible, i.e. if you trade a certain amount of such tokens for the same amount, you wouldn’t gain nor lose value. However, you wouldn’t be able to do the same with non-fungible tokens, as you can’t replace any NFT with an identical one due to the simple fact it doesn’t exist.

NFTs are quite popular and have recently earned their creators anything from a few dollars to millions. If you want to see NFTs explained in much greater detail, follow our news to learn about upcoming events, projects, and market trends. And for NFT mint events, when non-fungible tokens are created and made available for purchase, there’s the TradeCrypto NFT mint calendar.

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NFT News
Hackers Selling NFTs With Belarusian Passport Data

Allegedly, hacktivists from the Belarusian Cyber Partisans group have obtained passport data on all citizens of Belarus. They are now planning to sell NFTs containing passport information of the Belarusian president, Alexander Lukashenko, as well as his closest associates. Lukashenko, who has been helming Belarus since the country’s inception in 1994, is being called a […]

01.09.2022 10:081 min read
NFT News
Bored Ape Yacht Club on M&M Candies

We have seen the Bored Ape Yacht Club NFT collection as toys, on the packaging of alcohol and marijuana products, and in a music video made by Eminem & Snoop Dogg. Now, the Apes’ likeness can also be found on M&M candies in 10,000 candy packages released by Mars Wrigley. Mars partnered with Universal Music […]

25.08.2022 09:241 min read
NFT News
New Data: Brands Generated More than $250 Million in NFT Sales

According to data by Dune Analytics, NFTs are still in a good place. At least, when it comes to generating additional revenue for leading brands. Namely, popular brands have made a combined $260 million out of NFT sales so far. Nike is leading with a whopping $185.3 million, with Dolce & Gabbana ($25.6 million), Tiffany […]

24.08.2022 09:121 min read
NFT News
Tiffany & Co. to Launch Its First NFTs

The luxury goods purveyor, Tiffany & Co., has announced that it will be launching an NFT collection named NFTiff. The collection consists of 250 NFTs, each priced at 30 Ethereum (little over $50,000, according to CoinMarketCap). It will be available starting on August 5. The NFTiff pieces are aimed at owners of CryptoPunks. They will […]

01.08.2022 10:271 min read
Axie Infinity NFT Sales Increase More than 205%
NFT News
Axie Infinity NFT Sales Increase More than 205%

According to CryptoSlam, the P2E game Axie Infinity saw a 205% increase in NFT sales over the past week, making a total of $1.3 million. This comes after Axie Infinity introduced the support for staking on July 4. This feature enables Axie Infinity Land NFT buyers to earn a passive profit in Axie’s native AXS […]

12.07.2022 08:572 min read
NFT News
Shopify Adding NFT-Gated Storefronts

The online shopping giant, Shopify, is launching NFT-gated storefronts. This new feature is aimed at brands who are looking to make their stores more exclusive. Token holders connect their crypto wallets in order to be eligible for exclusive shopping opportunities. These include everything from “early access to drops and limited collections to one-of-a-kind experiences and […]

23.06.2022 16:261 min read
NFT News
Ukrainian Fundraising Campaign Sells a CryptoPunk NFT for $100,000

As part of the Aid for Ukraine crypto fundraising campaign, the government of Ukraine announced that it has sold a previously donated CryptoPunk NFT for 90 ETH. This amounts to over $100,000. Ukraine has been accepting crypto and NFT donations since shortly after the invasion of Russian troops began in late February. So far, it […]

21.06.2022 08:312 min read
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NFT News
OpenSea Moves to Seaport Smart Contract

OpenSea, the world’s largest NFT marketplace, has replaced the Wyvern protocol with the new and more efficient Seaport protocol. The company has stated that the new smart contract will allow users to save roughly 35% on gas fees. This translates to some $460 million in total annual fees. Seaport is a decentralized, open-source protocol. It […]

16.06.2022 08:012 min read
NFT News
Solana Overtakes Ethereum in Daily NFT Trading Volume

The tides are shifting in the NFT space of late. The high-value Ethereum NFT market has seen sinking trading volume the last couple weeks, but Solana NFTs are still growing and over a 24-hour span from yesterday into this morning, the Solana network yielded more NFT volume than Ethereum’s. Per data from CryptoSlam this morning, […]

25.05.2022 08:061 min read
NFT News
Hyundai will release a limited collection of NFT

South Korean automaker Hyundai has announced the releasing of limited collection of 30 non-fungible tokens.

18.04.2022 08:321 min read
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