The Rise and Rise of NFTs | Interview with Charles d’Haussy
Growth drivers of the NFT ecosystem The growing popularity of NFTs is stunning, having risen from several hundred million dollars in sales when the market first started, to around US$20 billion in 2021. We believe the exponential growth seen around the world can be explained by the product-market fit: NFTs have effectively provided a bridge […]
Blockchains and NFTs
The world’s first NFT dates back to 2014, when New York artist Kevin McCoy’s animation known as Quantum was originally minted on Namecoin, a blockchain forked from Bitcoin. Quantum eventually sold for US$1.47 million at a Sotheby’s auction in June 2021, but its host blockchain is buried deep in the history of NFTs, rarely visited […]
NFT Marketplace Competition Heats Up
Opensea, an NFT marketplace on the Ethereum blockchain founded in 2017, currently dominates the NFT landscape with a market share of over 80% as of February 2022. OpenSea’s monthly trading volume on Ethereum soared to a new record high of US$5 billion in January 2022, surpassing its previous peak of US$3 billion reached in August […]
NFT Marketplace Rivals’ Arrival | Interview: Zach Burks
The NFT marketplace landscape is getting more and more competitive. What are your thoughts on staying ahead in this competitive landscape? The NFT space is definitely the hottest industry on earth right now and it is the fastest-growing industry. There’s a lot of competition. At Mintable, we’re also growing very quickly. In order to continue […]
NFTs Behind the Pictures | Interview: Reeve Collins
1. What are programmable NFTs? Programmable NFTs are completely customizable digital objects that can be programmed to change their appearance and purpose over time, allowing for the creation of unique objects and collectibles that can change in response to future events. Picture a massive multiplayer online role playing game like World Of Warcraft, where you […]
Decoupling of NFTs from Cryptocurrencies
NFTs are increasingly being seen as an asset class that is distinct from cryptocurrencies, and this is reflected in the rising valuations and trading volumes in recent months. For instance, sales of Bored Ape Yacht Club tokens doubled from December 2021 to a record US$313 million in January 2022, according to CryptoSlam data. In contrast, […]
NFT Hacks and Scams
As NFTs continue to draw new users, hacks and scams have begun to surface in the nascent industry. According to blockchain analytics company Chainalysis, the two most popular NFT-related crimes are money laundering and wash trading. The amounts involved are, however, relatively small with Chainalysis estimating that such criminal activities generated illicit profits of US$10 […]
NFT Avatars — A New Identity
NFT avatars are digital portraits, often illustrating animated or pixelated characters. Avatars are algorithmically generated to give each NFT unique identifiable traits, such as a particular hairstyle, mustache, glasses, or even laser eyes — a social trend Bitcoiners cite to support the cryptocurrency’s climb to US$100,000. In many instances, the ownership of these avatars represent […]
Trends Driving NFTs Growth
Avatars accounted for most of the growth in the NFT space in 2021, but diverse use cases are starting to emerge. More niche products are also emerging, including fractionalized property ownership, and DeFi products made specifically for the NFT ecosystem are expected to grow this year. Such developments were discussed in detail during interviews with […]
Asia Primed For NFT Growth
Asia looks set to become the next big market for NFTs, with some experts predicting the region may surpass the West as early as this year. Global Google search interest for the term “NFT” surged past “crypto” in January, with the search engine’s data showing growth originating in the East. Data from Taiwan, Japan and […]
Metaverse Set to Boost NFTs
NFTs are widely expected to gain increased popularity as the metaverse becomes more established, thanks to the technology’s ability to provide indisputable proof of ownership. Ownership of virtual real estate, which involves the use of NFTs, has grown rapidly. In Decentraland, one of the most popular metaverses, property prices have risen 400-500% in the months […]
State of the NFT Market
NFTs serve as the bridge for millions of users who are beginning to move to Web3.0 through digital collectibles. New use cases outlined in the report have the potential to disrupt traditional industries such as music, art, ticketing and even education. Global sales of NFTs reached US$18.5 billion in 2021, which was 570 times higher […]
Apes Gone Wild! BAYC ‘selling like crazy’ amid otherwise sluggish NFT market
Strong sales from leading NFT series may be a sign the market is maturing as investors become more discerning, observers say.
Malaysia’s crypto proposal; Hong Kong’s 11-yr-old NFT coder
A Malaysian minister has proposed making Bitcoin a legal tender. Meanwhile in Hong Kong, an 11-year-old programmer makes his way into the NFT business.
How an 11-year-old programmer created his own NFT minter
Inspired by the success of Beeple, Miguel Wang created CryptoTigers to generate pixelated tiger images for the Year of the Tiger.
Singapore’s crypto future; Korea “White Day” NFTs a hit
Singapore’s image as a “crypto hub” may soon change as the country doubles-down on it’s stance that crypto currency is “not suitable for the general public”. Meanwhile, Korean convenience store giants CU launch their White Day NFT competition.
Why NFT scams are on the rise — and how to stop them
‘Lazy minting’ may seem affordable but heightens the risk of NFT theft, writes Anthem Blanchard of Herasoft. Is storing NFTs on-chain the solution?
Metaverse NFT projects boom as Meta ignores blockchain
It’s been a booming time for the NFT market, and as data from CryptoSlam shows, there has been particular interest in metaverse projects recently.
Why Are NFTs Worth Anything At All?
How do NFTs create value? The answer is not as complex as it seems.
NFTs Explained in Less than 4 Minutes
When 3D artist Beeple sold a digital piece of art for a record $69 million through Christie’s, the world went NFT crazy. But what exactly is an NFT?
Korea’s KB embraces crypto; China’s NFT fever
NFTs hit resale market in China despite criticism over speculation. Meanwhile, South Korean financial giant plans crypto funds.
Jump in NFT demand reflects crypto prices, right? Wrong
An asset bought and valued in crypto becomes decoupled from crypto prices, a split that reflects the differences between crypto investors and NFT buyers.
NFTs can upend the music business. Artists should take note
Blockchain technology allows musicians to sell songs directly and earn more per song, writes Adi Ben-Ari of Applied Blockchain.
Buyers snap up Olympics panda NFTs
Animoca Brand’s nWayPlay sold out second batch of Bing Dwen Dwen mascot NFTs on Thursday as prices of first set fetched 900% in average resale value.
HK watchdog’s NFT warning; DBS plans crypto expansion
HK watchdog’s sends out warning calling NFT a threat, meanwhile in Singapore DBS plans a crypto expansion
Alibaba and Canaan’s AI team up; Metahuman creates Valentine’s NFT
Chinese giant Alibaba and Canaan team up to work on AI. Meanwhile, Valentine NFTs are created by meta-human using auction data.