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 […]
Though having relatively humble beginnings as a blockchain technology underlying some projects in the mid-2010s, non-fungible tokens absolutely exploded in notoriety in 2021. Probably the most discussed due to the eye-watering sums involved is how they’ve changed the face of modern art, but NFTs have also established a place in digital entertainment and modernized the very concept of sports trading cards…..
In the past few years, we have seen several applications of NFT in the gaming industry. The latest is NFT games or play-to-earn games, pushing the NFT gaming industry to boom like never before! NFT games have become popular in the Game-fi world, paving ways to earn income. You can sell your in-game NFTs to other […]
The ETH 721 token standard prides itself on being the first token used to represent NFT’s in the Ethererum blockchain. But the gas fees for NFT transfers became too expensive, and the transaction time was too long in Ethereum. Like a savior, the Binance Smart Chain blockchain platform came in with quick transfers and low […]
NFTs are certainly the most trending tech topic these days. Since this technology enables non-fungible assets to be traded in the digital medium—artists, memorabilia collectors, etc have embraced it to build newer business models and marketplaces for NFTs. If you haven’t yet understood the concept of NFTs, the video embedded below can be helpful. Recently, […]
In the previous articles, we have discussed the concepts of Non-Fungible Tokens, how it works and how to create NFTs. In this article, we’ll discuss the legal considerations for launching NFT marketplaces. An NFT marketplace is a platform that connects NFT buyers and sellers. In this platform, sellers can mint NFT tokens with the digital […]
Non-fungible tokens or NFTs are now being used all over the world to represent ownership of various assets like digital artwork, music and even real estate. They have helped investors, brands, crypto enthusiasts and developers explore myriad new avenues in the blockchain space. In fact, several popular brands have now jumped on the NFT bandwagon. […]