NFTs Vs. Cryptocurrencies: Top 10 Differences In Their Functionality NFTs and cryptocurrencies are two buzzworthy terms in the world of blockchain and digital assets. While they share the same underlying technology, there are significant differences in their functionality and use cases. This article explores the …
Read More“The Rise of NFTs: Balancing Growth and Money Laundering Concerns”
Summary The market for non-fungible tokens (NFTs) has seen significant growth, with sales surpassing $25 billion in 2021. However, high-profile scams and thefts have raised concerns about NFT money laundering. NFTs are digital representations of tangible items that collectors acquire and trade online. They have …
Read MoreSEC continues enforcing against NFT projects
In its second action involving NFTs, the SEC targets an offering tied to fundraising and promises of future value. On September 13, 2023, the Securities and Exchange Commission (SEC) issued a cease-and-desist order (the Order) against Stoner Cats 2, LLC (SC2) for an alleged unregistered …
Read MoreChina Starts Registering Trademarks Filed for NFTs and Virtual Goods in the Metaverse
The Trademark Office of the China National Intellectual Property Administration (“Chinese Trademark Office” or “the Office”) has recently approved a slew of marks filed for non-fungible tokens (“NFTs”) and other goods and services for use in the metaverse. These include downloadable digital files authenticated by …
Read MoreYour NFTs Are Actually — Finally
A team of researchers have crunched the numbers to explain why you don’t see people hawking ugly cartoon apes on the internet as much anymore: NFTs, or non-fungible tokens, once vaunted as a revolution in crypto and digital art, are largely worthless. “Dead NFTs: The …
Read MoreHelloVacay Partners with DOSI to Offer Exclusive Travel Benefits through NFTs
“We’re excited to empower DOSI users with our NFT-gated travel memberships,” said Ryan Beachum, HelloVacay co-founder. “Now DOSI users can access private-rate travel discounts and VIP treatment by simply connecting these NFT Passports to the HelloVacay application.” “DOSI users are some of the most enthusiastic …
Read MoreHelloVacay Partners with DOSI to Offer Exclusive Travel Benefits through NFTs
Travel platform HelloVacay has partnered with LINE NEXT’s NFT marketplace DOSI to offer exclusive travel benefits through NFTs. 3000 highly-limited NFTs will be sold on DOSI, providing holders with private travel rates up to 60% off and VIP airport lounge access. The NFT “passports” can …
Read MoreStretching Your Dollar: The State of NFTs
Today, we’re celebrating National NFT day. While the hype around non-fungible tokens has simmered down since the early days, there is still interest in the digital currency. Brady Dale, reporter at Axios, joined ‘Stretching Your Dollar’ to talk about the state of the NFT space …
Read More95% of NFTs are Worthless: Report
A new report shows that the non-fungible token (NFT) market has essentially collapsed, and nearly all NFTs are practically worthless. As seen on Insider, dappGambl’s study investigated 73,257 NFT collections, 69,795 of which have a market value of zero ETH. “The hype around NFTs peaked …
Read MoreEARD2023: Using NFTs to Support Video Gaming for Good
In this talk, Lifespan.io President Keith Comito describes use cases for “Proof of Philanthropy” (PoP) dynamic NFTs – a new type of NFT that powers up based on tracked on-chain giving. These NFTs, built on the Polygon network, exhibit “Demi-Soulbound” properties – meaning that while …
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