2023 Underground Art Market Report
OpenSea, once the leading marketplace for non-fungible tokens, was built on a promise of perpetual royalties for digital artists. Then came upstart Blur, whose no-fee, trader-friendly platform put the focus on pricing and costs. By Maria Gracia Santillana Linares, Forbes Staff It only took a …
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NFTs are a form of blockchain technology that allows businesses to leverage digital assets Non-fungible tokens (NFTs) have become a game-changing technology in today’s quickly changing digital environment. Blockchain technology is used by NFTs, distinctive digital assets, to create verifiable ownership of both digital and …
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Description Magic Eden, a prominent nonfungible token (NFT) marketplace, has announced its support for Solana’s compressed NFTs (cNFTs), offering a more scalable and cost-effective alternative for digital collectibles. The integration of cNFTs into Magic Eden’s platform aims to revolutionize the NFT landscape by making it …
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The Magic Eden non-fungible token (NFT) marketplace has expanded its support for compressed NFTs (cNFTs) — a new system of NFT creation powered by Solana. This strategic decision offers creators a cost-efficient solution for their digital collectible minting, the company explained. Magic Eden, which recently …
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key findings A hacker compromised Vitalik Buterin’s Twitter account and shared a post promoting a malicious NFT giveaway. The post contained a URL that stole funds from users who connected their wallets. Over $690,000 was stolen in the hack, including valuable NFTs. Buterin blames Twitter’s …
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A digital collectibles marketplace for NFTs, Magic Eden, is introducing “compressed NFTs” (cNFTs) on the Solana blockchain. These cNFTs are special because they store data more efficiently, thereby reducing costs for both creators and buyers. Today we’re releasing support for cNFTs (find them in our …
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NFT transactions have recently remained a prominent area of growth for XRP Ledger (XRPL). Total NFT transactions were one of the few network activity metrics to grow QoQ in the previous quarter. NFTs are incorporated into the XRPL core protocol and, unlike issued currencies (also …
Read MoreNon-fungible tokens (NFTs) have exploded in popularity over the last couple of years. As the NFT craze continues, major cryptocurrency exchange Binance has capitalized on the trend with the launch of its NFT marketplace. The addition of NFT capabilities has provided a new utility for …
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Description While venture capitalists have begun to show less interest in the glowing allure of non-fungible tokens (NFTs), the U.S. regulatory arena, led by the SEC, is diving deep into the intricacies of the crypto industry. The recent spotlight has especially targeted the entanglement of …
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Posted on 09/16/2023 The Securities and Exchange Commission charged Stoner Cats 2 LLC with the sale of an unregistered crypto, or NFT. This was used to promote the originator’s plan to run a webseries. In all, more than 10,000 NFTs sold for approximately US$ 800 …
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