Tag: NFT

Cryptography and gaming collide in high-risk ‘play for profit’ economies

admin

Garender Thetadelaka says he has made up to $2,000 a month in the past year from his collection of digital pets, which he has been breeding and sending into battle to win cryptocurrency. The 28-year-old from Bangkok was playing Axie Infinity, one of a new breed of blockchain-based online games dubbed “play to win” that blends entertainment with financial speculation. These games can create profitable businesses amid the hype around NFTs and virtual worlds, attracting millions of gamers as well as billions of dollars from investors who see games as…

Read More

“People have lost their minds”: Binance CEO on the NFT frenzy

admin

Changpeng Zhao, CEO of Binance, is not a huge fan of non-fungible tokens (NFTs). He thinks the NFT craze is “crazy” and “people have lost their minds”. NFT is Anything starting from your art, A drawing, music, GIF, etc. or even a selfie can be converted to NFT. Any digital file can be converted to NFT on a distributed blockchain database. It’s a certificate of authenticity for artwork, music, video, and even tweets. In a recent interview with Fortune, Zhao said that whatever you think of NFTs, it cannot be…

Read More

Visa launches a program to help young creators expand their businesses with NFTs

admin

Payment service provider Visa has launched the “Creator Program” – which aims to educate young entrepreneurs to understand and benefit from it Non-fungible tokens (NFTs) to expand their business further. According to Visa, its new program will Helping digital artists, musicians, fashion designers and filmmakers strengthen Small businesses using non-fungible tokens (NFTs) to navigate the new commerce category. “NFTs have the potential to become a powerful accelerator for the creator economy,” said Coy Sheffield, Head of Crypto, Visa. “We have been studying the NFT ecosystem and its potential impacts on…

Read More

Taiwanese puppeteers are looking to NFTs to keep their art alive

admin

Looking for a group of Taiwanese doll movers Use of non-fungible tokens, or NFTs, To help bring the traditional art form into the modern era and keep it relevant for a new audience. NFTs are crypto assets that represent a digital object such as a photo, video, or even land in virtual worlds, with some of them soaring in price so fast last year that speculators around the world sometimes “flip” them in a matter of days to turn a profit. Pili International Multimedia, which hosts Taiwan’s longest running television…

Read More

How to save the Amazon forest? Brazilian company says NFTs are the answer

admin

A Brazilian company that owns 410 square kilometers (158 square miles) of the Amazon rainforest is offering a new way to fund conservation: the sale of non-fungible tokens (NFTs) that allow buyers to sponsor the conservation of certain areas of the forest. NFTs are a type of crypto asset that has gone viral in the last year, with a unique digital signature ensuring that it is unique. Other efforts to fund conservation through NFTs include plans for wildlife sanctuaries in South Africa. In Brazil, a company called Nemus on Friday…

Read More

Google Trends data shows the ‘NFT’ and ‘metaverse’ hype will fade in 2022

admin

The NFT and metaverse hype are starting to fade, and new data is emerging by Google Trend. Global searches for “NFT” and “metaverse” have begun to decline this year, with requests for NFT searches dropping sharply in the first quarter of 2022. According to Google Trends (GT), a service that tracks the most popular groups, searches for “metaverse” and “NFT” in the last 12 months have gained momentum from October to December 2021. However, since the beginning of 2022, the interest in search has decreased dramatically large, hitting its lowest…

Read More

GuardianLink drops astronaut Kalpana Chawla’s NFT kit

admin

Auction platform NFT GuardianLink has launched an exclusive NFT collection dedicated to Kalpana Chawla, the first Indian-American astronaut to go into space, to mark International Women’s Day. The set includes a total of 250 NFTs (25 copies of each of the 10 images). These photos that have never been shared in a public forum will consist of personal quotes of Kalpana Chawla under each photo. For starters, Kalpana Chawla was born on March 17, 1962. She was an Indian-born American astronaut and engineer who first flew aboard the space shuttle…

Read More

Here’s how a hacker stole $800,000 in NFTs through Discord

admin

Controversial hacking has emerged as the latest threat to NFT buyers. A Discord server run by recently launched Rare Bears’ NFT project was hit by a phishing attack, resulting in the theft of approximately 179 NFTs worth $800,000. According to blockchain security firm Peckshield, the attacker was able to steal NFTs including “Rare Bears” and other NFTs from various combinations including “CloneX,” “Azuki” and “mfer” from artist Sartoshi, and six LAND tokens used in Sandbox Metaverse. Here’s what happened. On March 17th, a hacker gained illegal access to the account…

Read More

Here’s how much carbon dioxide is emitted to ‘mint’ in the NFT: Research

admin

Crypto enthusiasts have spent millions of dollars on the gold rush, i.e. Irreplaceable icons (NFTs). However, the world of NFT has an enormous impact on the environment. New research by the NFT Club says millions of trees are needed to offset carbon dioxide (CO2) emissions due to NFTs. “At a time when the world is becoming increasingly concerned about the impact of global warming, the seemingly harmless world of online trading is becoming an increasingly big problem,” the NFT Club wrote in a blog post. For starters, NFTs are digital…

Read More