The world of non-fungible tokens (NFTs) has grown exponentially in less than a decade, expanding from pixelated punks to an established proof-of-ownership for digital and physical assets. While the NFT market has enabled true decentralization, the lack of standardization has led to confusion for users between different marketplaces, collections, and pricing methods. This fragmentation has…
Meta shuts down NFT support on Facebook and Instagram. This decision has caused a stir within the NFT community and among those who have invested in digital assets.
Stephane Kasriel, the head of commerce and financial services at Meta shuts down NFT support on Facebook and Instagram and focuses on other means to motivate and…
Meta winds down its work with NFTs on its platforms. The decision was announced by Meta commerce and fintech lead Stephane Kasriel in a Twitter thread on Monday. The company will end its tests of minting and selling NFTs on Instagram as well as the ability to share NFTs on Instagram and Facebook in the…
Audius' NFT is revolutionizing Artist-Fan Relationships. The feature is called "NFT gating" and will allow artists who have released their own NFTs to restrict access to certain content to only those who hold the corresponding NFT. This follows recent news that Spotify is testing token-gated playlists, indicating a growing trend in the music industry to…
Non-fungible tokens (NFTs) have become a highly popular digital asset class, especially during the crypto bull run of 2021. While many people associate NFTs with Ethereum, the truth is that any blockchain with smart-contract capabilities can support NFTs. Consequently, there are several NFT blockchains available, and the ranking of the Top NFT Blockchains is constantly…
Ordinal Theory has given birth to a new type of NFT, which is inscribed directly on the Bitcoin blockchain, ushering in a new era of on-chain Bitcoin NFTs. Created by Bitcoin developer Casey Rodarmor, Ordinal Theory is a numbering scheme that gives every Satoshi a number, allowing for each sat to be tracked and transferred.…
Amazon's Entry into the NFT Market and the revolutions of collectibles are remarkable steps in the direction of the adoption of digital assets, with other mainstream companies such as GameStop and Reddit. Amazon's NFT marketplace signals a new era of digital collectibles. It examines the potential of Amazon's NFT marketplace to attract a wider audience…
Starbucks, one of the world's largest coffee companies, has entered the world of Web3 by launching its loyalty program, Starbucks Odyssey, on the Polygon blockchain. Starbucks' new blockchain-based loyalty program is a milestone in the world of NFTs. Starbucks launched Blockchain-based Loyalty Program to strengthen the customer relationship.
The Starbucks Odyssey program is still…
Pi Network is a decentralized cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining their phone's battery. The Pi blockchain is designed to secure economic transactions through a mobile meritocracy system and a full Web 3.0 experience where developers can build decentralized applications (Dapps) for millions of users. Let's dig…
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