What Are NFTs?

Non fungible tokens or NFT’s are unique files registered on a blockchain, most commonly as art and collectibles, but increasingly with real world utility .

The Difference between an NFT and a typical cryptocurrency is the unique identifier. NFTs are not interchangable…think of it like a dollar bill. Dollars are interchangeable, but the serial numbers on the dollars make them unique…

polyient x NFT rewards

Pinata raised $21.5M to scale NFT media infrastructure

Pinata, an NFT-focused media distribution platform, has raised a total of $21.5 million in funding, the company exclusively told TechCrunch. This is the only capital the four-year-old company has raised to date. The total amount came from a recently closed $18 million Series A and $3.5 million seed round in 2021, Kyle Tut, co-founder and […]

Twitch founder Justin Kan: Web3 games don’t need to lure players with profit

Top crypto VCs are constantly touting the potential of video games as one of the most compelling use cases for blockchain technology. Andreessen Horowitz partner Arianna Simpson, for example, who led the firm’s investment in crypto game Axie Infinity, has given countless interviews citing the play-to-earn model as a key catalyst to attracting “hundreds of […]

Want Liquidity From Your NFTs? Here Are the Top Options in 2022

We do many things with our digital assets these days; trading, locking, and everything in between. But one way of leveraging assets that is fast becoming an industry favourite is their use for borrowing against fiat or cryptocurrency. That’s right, if you have an NFT or any other digital asset lying about, you might not […]

The post Want Liquidity From Your NFTs? Here Are the Top Options in 2022 appeared first on Blockonomi .

OVER Launches OVER Stylist Program: A Way For Creators To Monetize Their Passion

Augmented reality(AR) and Artificial intelligence(AI) in fashion are changing how businesses interact with customers. For example, thanks to this technology, customers can virtually try out products from the comfort of their homes. Additionally, AR can assist customers in understanding what they are purchasing, making it easier to meet customer expectations. This, in turn, increases post-purchase […]

The post OVER Launches OVER Stylist Program: A Way For Creators To Monetize Their Passion appeared first on Blockonomi .

Buy now, ‘play’ later: Halliday bags $6M seed round led by a16z

Blockchain-based games have seen a surge in popularity, but playing them is getting expensive. Play-to-earn games like StepN require players to purchase an NFT before they can participate, while other crypto video games offer users pricey upgrades such as virtual avatars and distinctive skins or costumes. Halliday, a startup founded last November by Akshay Malhotra […]

Meta is expanding NFT support on Instagram to 100 countries

Meta CEO Mark Zuckerberg announced today that the company is beginning its international expansion of NFT support on Instagram. The expansion follows the social network’s initial NFT test launch in May. With this expansion, users and businesses in more than 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas will now be able […]

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