NFTs

NFTs, which exist entirely on the blockchain, is revolutionizing the traditional model of trading cards.

2021 and a plot of land on the Axie Infinity gaming and virtual real estate platform has just sold for $1.5 Million, breaking prior records. This trend is only expected to continue with virtual land sales like The Sandbox’s recent Public Sale Wave 2, selling out in less than a minute.

NFTs (non-fungible tokens) — or scarce digital content represented as tokens — are driving a new wave of crypto adoption.

in 2020, NFT trading was worth over $250 million, an increase of almost 300 percent from the previous year. On online platforms such as Rarible, OpenSea, and Nifty Gateway (backed by twins Tyler and Cameron Winklevoss)

The NBA Top Shot (a digital take on collectible basketball cards) is giving NFTs an enormous boost, and it’s why Google searches for “NFTs” skyrocketed in the last month.

According to the outlet Cointelegraph, during the second half of last year, $9 million worth of NFT goods sold to buyers; during one 24-hour window earlier this week, $60 million worth of digital goods were sold.

Non-fungible tokens, or NFTs, have become an overnight investing phenomenon, with $60 million in sales on Tuesday—surpassing total sales for the entirety of 2020. a popular meme of a flying cat with a Pop-Tart body leaving a rainbow trail, for the equivalent of roughly $580,000, per the New York Times.

NFT crypto will revolutionize non-fungible assets and could be the future of art & collectibles. What do you think?

The NFT market tripled in size in 2020, increasing 299% year-on-year to more than US$250 million, according to NonFungible.com, a data company that tracks NFTs and NFT marketplaces on the Ethereum blockchain. “The whole NFT space is going to do over a billion dollars. It’s like 3X, 4X growth year over year,” said Zach Burks, founder of NFT marketplace Mintable, in an interview with Forkast.News.

“We see NFTs as a trillion-dollar market with several winners,” Julia told The Block.

Clearly, buyers are very excited about the potential of non-fungible tokens (NFTs). This month alone, Nyan Cat’s creator nabbed almost $600,000 in ETH, a single Hashmask sold for $650,000, rare CryptoPunks are going for over $1 million and a chunk of “land” in the game Axie Infinity fetched 888 ETH.

“Not unlike the advent of Street Art as a blue chip-collecting category, NFT-based art is on the threshold of becoming the next ingeniously disruptive force in the art market,” he said. “Christie’s is proud to be in the vanguard of this exhilarating movement.”

Decentralized finance (DeFi) taking off: “That is interesting to see because I created ERC-20 which created all of these tokens, and now seeing what comes out three years later

“We strongly believe that blockchain and its application to NFT technology will change the landscape of ownership and digital rights in profound ways,” states Anthony Di Franco, the president of Xeno NFT Hub. “We will initially focus partnership efforts and platform item curation in three primary areas: gaming, sports & entertainment, and collectibles. This does not mean we will prohibit other types of NFTs from our ecosystem,

Two North American serial entrepreneurs with an extensive portfolio of successful startups have launched the first virtual real estate company called Metaverse Property. The ambitious project focuses exclusively on the virtual housing market within the Metaverses.

Non-fungible tokens (NFTs), also known as “nifties” in some corners, have opened up a trove of intellectual property to monetization.

“The value we create inside of our virtual worlds will become indistinguishable from the value we’ve historically created outside of them.”

Virtual land in Somnium Space is selling like digital hot cakes. In the past ten weeks, hundreds of land parcels in the virtual world have sold for a total of $470,000. Users can buy land and build on it, manage, rent and sell land parcels. The platform aims to monetize communication, e-commerce, entertainment and more in the virtual space.

CBS Interactive to introduce Star Trek starships into Crypto Space Commander (CSC).