A fractional NFT (non-fungible token) is a single NFT that’s been divided into smaller pieces, allowing multiple investors to gain partial ownership of it. NFT fractionalization has made it easier for crypto art enthusiasts and investors to get hold of some of the world’s most expensive NFTs, like the iconic CryptoPunks NFTs. In this article, […]
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In March 2021, Christie’s sold Beeple’s digital artwork named Everydays: The First 5,000 Days for a whopping $69 million. The sale marked two industry firsts — a major auction house sold a digital work of art and accepted cryptocurrency alongside traditional payments. Since this watershed moment, many traditional auction houses have followed suit, and some […]
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Consumer confidence in non-fungible tokens (NFTs) as investment products has been waning recently. The number of NFT market participants has steadily declined since February 2022. Across all decentralized finance categories, NFTs have seen the largest average weekly drop in transaction volumes following the cryptocurrency collapse from May 2022 to July 2022. The NFT market was […]
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NFT utility goes beyond digital art. NFTs are used to authenticate and track ownership across industries including fashion, gaming, and more.
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“It’s going to be a very hedonistic experience,” said Jeff Zalaznick, managing partner of Carbone’s parent company, Major Food Group, about the 2022 Miami Grand Prix. Over the first weekend in May, Crypto.com hosted the inaugural Formula One Miami Grand Prix. Formula One (F1) has always been synonymous with glamor, European royalty, and superyachts, so […]
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Meta Open Arts Announce New Partnerships Earlier this week Meta Open Arts, formerly known as Facebook Open Arts, announced new partnerships in anticipation of this weekend’s Frieze LA fair. The partnerships have been reported as being with the Institute of Contemporary Art, The New Museum, Park Avenue Armory, and the Pavilion of the African Diaspora. […]
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In recent years, Non-Fungible Tokens (NFTs) have been steadily gaining traction as an alternative investment. Although NFTs do come with unique risks, they offer a number of benefits and advantages that make them an exciting new option for investors who want to diversify their portfolios and minimize risk. In this article, we will explore the […]
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Update: Julian Assange x PAK AssangeDAO has just placed a “maximum bid” of all of the ETH received from Juicebox contributions to bid on the @muratpak x Julian Assange “Clock” NFT. RE: https://t.co/B8HA684eMdhttps://t.co/1hEJfHAfK4 pic.twitter.com/RCVKC6Dwue — AssangeDAO (@AssangeDAO) February 9, 2022 Last week we reported about the upcoming sale of Julian Assange’s NFT collaboration with anonymous […]
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Stop Trying to Make the Picasso NFT Happen The Picasso administration is at odds with two members of the family, Marina Picasso (the artist’s grand daughter) and her DJ son, Florian Picasso. The two had announced last week their desires to mint NFTs from a never before seen ceramic bowl by the late artist. When […]
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Jack Dorsey’s first tweet sold for $2.9 million. A Nyan Cat GIF from ten years ago sold for $600,000. Welcome to the brave new world of the non-fungible token. For many digital artists, it’s a promising new direction that allows them to make money on their work for the first time. But while some investors […]
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Memes being sold for the cost of a Tesla. Tweets fetching seven-figure bids. Welcome to the wild world of NFTs. Since September 2020, the monthly volume of traded NFTs has exploded, growing from a few million to a whopping $241 million in February 2021. As of May 2021, an estimated 85,787 NFTs were sold for […]
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