INO is the short form of Initial Non-Fungible Token Offering. It was recently developed as a crowdfunding technique carried out through decentralized platforms. Non-fungible tokens are sold at the early stages of a project in limited amounts for a stipulated period. This sale raises money for further project development while bringing in committed investors for the NFT asset.
The music industry is among the novices entering the NFT space showing potential future for artists to own and distribute their talents in non-traditional ways through NFT Record Labels. NFT Record Labels enable artists to interact with fans much better and run wild with their creativity without the reins of established music labels. It also […]
Over $230 million has been generated due to trading NBA Top Shots. Lebron James was solely responsible for a $200,000 Top Shot, with Zion Williamson catching up closely behind. The NBA proactively joined the sports NFTs bandwagon by introducing Top Shots, a trading card system developed by the National Basketball Association and Dapper Labs. Top […]
In its initial days, blockchain technology was seen as an experimental gimmick with no foreseeable practical applications but then came the era of cryptocurrencies. Powered by blockchain under its belt, cryptocurrencies swept past all growth estimates. After proving its worth this new world of blockchain became the focal point for tech communities and newer digital […]