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There are many NFT formats from which to choose. The most well-known is in the realm of digital art. But NFTs also come in games, collectibles, PFPs, metaverse assets, music, digital land, historical artifacts, and utility. Be assured the list will continue to grow.
Non-fungible tokens (NFTs) have frequently been hitting crypto and mainstream media headlines for over a year. After the international buzz of Beeple's news-worthy $69 million NFT art sale in March 2021, NFTs have begun making a name for themselves. But, what are NFTs? Why do we need non-fungible assets? What makes an NFT valuable? In this article, we'll dive deep into the fundamentals of non-fungible tokens (NFTs). We'll explore various token standards, how to buy NFTs, what makes an NFT valuable, and different NFT use cases. For readers who would like to learn more about what makes blockchain so revolutionary, save our "Crypto Explained" article for later! Also, the Blockchain & Bitcoin 101 course at Moralis Academy is the perfect place to discover how this cutting-edge technology works under the hood. Join a community of over 30,000 students today at Moralis Academy!
The use of blockchain in the sports industry has increased dramatically recently. The dotmoovs platform rewards athletes for practicing and competing in games and tournaments in a process known as sports mining.
Last week, e-commerce behemoth eBay announced that the company is getting into the NFT market. For anyone unfamiliar with NFTs, these blockchain-based digital assets have seen a recent surge of interest. Now that eBay is introducing support for this virtual asset class, NFTs will likely gain even more legitimacy. This article looks at eBay’s recent NFT announcement, as well as what it might mean for the wider industry.
Immutable X has made media headlines as the first Layer 2 protocol for non-fungible tokens (NFTs) on Ethereum. The project offers an NFT marketplace through the Immutable X Exchange and has implemented a novel NFT scaling solution to facilitate mass adoption of the platform. Immutable X offers zero-fee, instant trading which can be implemented for scalability in decentralized gaming, exchanges, marketplaces, and more!
My Neighbor Alice has recently seen a fresh surge of interest, along with an increased presence on various social media platforms. Also, the ALICE token has been trending on CoinGecko and promoted across several Binance marketing campaigns. Decentralized gaming has become more prevalent following the rise in popularity of non-fungible tokens (NFTs). But, why has My Neighbor Alice gone viral in the crypto community, and, what is My Neighbor Alice doing to attract and maintain so many users?
Non-fungible tokens (NFTs) have been hitting the headlines in recent weeks across global media outlets. These include the Wall Street Journal, The New York Times, and the legendary music publication Rolling Stone magazine. Alongside use cases for financial bonds, insurance policies, and artwork, NFTs are the key to blockchain music royalty tracking. We’re beginning to see more mainstream artists opting to release their music as NFTs on the blockchain. The economic pressures resulting from the global pandemic have hit musicians harder than most industries. This is of course, following a continuous decline in revenue since the introduction of online streaming. However, blockchain music streaming is here to fix that. Blockchain in the music industry is becoming increasingly popular, and for good reason too!
Crypto art has been a relatively big talking point in 2021. The coming together of art and blockchain is still a relatively novel concept to many. However, blockchain art is quickly becoming one of the most exciting areas of the crypto industry. The proliferation of art NFTs has introduced a wave of new artists creating digitally verifiable art NFTs. Furthermore, this includes works from emerging artists, crypto natives, and traditional artists alike!
Blockchain-based sports betting has been a catalyst for the widespread adoption and use of crypto and blockchain in sports and esports. Now, with professional athletes being paid in Bitcoin, top-tier endorsements, sponsorships, and fan incentive initiatives, blockchain technology in the sports industry is beginning to thrive. Though this may not be obvious to all, soon, blockchain could play a major role in sports, entertainment, and esports. The number of blockchain use cases in esports has skyrocketed in recent months. Furthermore, this looks set to continue as mainstream crypto adoption grows exponentially sector-wide!
