According to the press release statement, "Rakuten NFT is a service that provides a marketplace for users to purchase NFTs, as well as peer-to-peer buying and selling of NFTs, in a range of areas such as sports and entertainment, including music and anime." The statement continued by elaborating that [...]
NFTs are a surprisingly complex concept for people to grasp. The core concept revolves around the ability of people to encode a digital piece (pictures, art, even lines of text) into a blockchain so that you can confirm that somebody has ownership over this asset. The whole point of [...]
Universal Music Group has entered a strategic partnership with the NFT platform Curio to develop their non-fungible token(NFT) collection. The NFTs will be designed for its artists and record labels. The massive deal has many implications both for NFTs and its impact on the music world. NFTs have seen [...]
January was a month that seemingly solidified NFTs as a secure long-term investment and artistic trend. The first month of 2022 saw an unprecedented rise in sales volume and had crypto enthusiasts excited for what was to come. Unfortunately, the massive spike in volume was not maintained in February. [...]
The market for NFTs is booming, with revenue flowing in. Still, the amount of money pouring into the industry doesn't necessarily mean that there is an equally large number of users in the marketplace. NFTs are a highly speculative market at times, with prices fluctuating based on the whims [...]
Everybody is jumping into the trend of NFTs, even the former First Lady. Melania Trump's NFT, tied to a hat she wore at the White House, sold for $170 000, which is a massive sum for a digital asset. The controversial part of the deal came when crypto experts [...]
A Youtuber going by the name Coffeezilla has unveiled a plot by NFT scammers who were planning to make a potential $20 million through illicit ways. On the 16th of February 2022, Coffeezilla released a video with a detailed description of how the scam was supposed to go down. [...]
HMRC has led an intense investigation into illicit activities done using NFTs. The operation ended with the three people being arrested in a £1.4million VAT fraud case. The assets resulted from an ongoing fraud that ties the three suspects into a scheme with more than 250 fake companies. The [...]
Non-fungible tokens have taken over the world and have skyrocketed in value since their rise in 2021. NFTs allow you to turn everything you want, from pictures to memes and random tweets, into a unique digital asset. OpenSea, the biggest marketplace for NFTs, is worth more than $13 billion, [...]
Blockchain technology became popular due to the rise of cryptocurrencies, but NFTs were also an undeniable influence contributing to its sudden jump into the mainstream. The appeal of NFTs is just how convenient and accessible they are to people. Non-fungible tokens don't discriminate or limit your creative expression. In [...]
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