NFT NEWS

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

An Update on Verification and Copymint Prevention

As the NFT ecosystem evolves, OpenSea remains committed to improving trust and authenticity in the space. In May, we announced improvements to our verification/badging process and an automated system to help identify, remove, and prevent instances of copymints (copies of authentic NFT content) being visible on OpenSea. Our work here is just starting, and we’re pleased […]

The post An Update on Verification and Copymint Prevention appeared first on OpenSea Blog .

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 […]