NFT

The digital world is transforming in ways we never imagined, and Non-Fungible Tokens (NFTs) are leading the way. Thanks to blockchain technology and NFTs, social media platforms are beginning to experience a new level of engagement. From customizable avatars to augmented reality items, NFTs are giving big tech companies new ideas. This article will explore the potential benefits of using NFTs for social media platforms and the sector’s best practices. In this context, Instagram's experiment with NFTs represents a peculiar…

The world of Non-Fungible Tokens (NFTs) has attracted creativity and innovation, reshaping the global art scene. However, it has also brought a new challenge for creators – the risk of their work being plagiarized or stolen. In this beginner's guide, we explore the NFT Plagiarism phenomenon and offer some strategies to protect your original content. We will also share some tips for creating original NFTs that are harder to copy. The Phenomenon of NFT Plagiarism NFT plagiarism has become increasingly…

As the popularity of NFTs (non-fungible tokens) continues to grow, so does the potential for scams.  This article examines popular NFT scams and offers suggestions for avoiding them. We'll also discuss the future of NFT scam prevention and how to report one. A Closer Look Into NFTs and Their Popularity The past year has seen a surge in the popularity of non-fungible tokens. These digital assets are unique, and nobody can replicate them, making them ideal for collectors and investors.…

Sleep minting happens when a scammer mints an NFT to a renowned creator's wallet with authorization to retrieve it. This gives the impression that creators legitimately minted an NFT to themself before sending it to a criminal. This guide will teach you how to protect yourself from sleep-minting scams. Moreover, we will mention what steps you can take to prevent the phenomenon from happening. What is Sleep Minting? Scammers utilize "sleep minting” to mint an NFT and deposit it immediately…

When you think about it, the concept of a floor price is relatively simple. It’s the price below which no one can sell an asset. In traditional finance, a centralized exchange sets a floor price.  For example, if a stock falls below a threshold, the exchange may halt trading to prevent prices from dropping further. The same principle applies to digital assets and securities. For example, the floor price for an NFT depends on supply and demand, historical prices, or…

When sending or receiving NFTs, you'll need to pay a fee to the blockchain to process the transaction. This fee helps to cover the costs of processing and validating the transaction. The fee varies depending on the blockchain, but it's generally small. If you're new to NFTs, then it's important to understand how transaction fees work before sending or receiving any tokens. By understanding the fees involved, you can avoid unexpected costs and ensure blockchains process your transactions smoothly. What…

Non-Fungible Tokens (NFTs) are digital assets that are not interchangeable. Instead, they each have unique characteristics, unlike any other token on the market. For this reason, they hold a lot of potential for various industries and use cases.  This guide will look at the most common criteria for trading NFTs. What Are NFTs? NFTs are unique digital assets and cannot be interchangeable. This feature makes them perfect for various applications, including gaming, collectibles, and online marketplaces. When buying or selling…

As the popularity of cryptocurrencies and blockchain technology grows, so does the potential for scams and fraud. The NFT Opportunity and Its Appeal to Scammers Blockchain, a decentralized ledger tracking all transactions involving an item, is where NFTs reside. NFTs can represent anything from art to in-game items. These assets have become increasingly popular in recent months as their prices have soared. However, as with any new and burgeoning market, the NFT space is rife with fraudsters looking for unsuspecting…

The crypto market is experiencing one of its worst “winters” in its 12-year history. Some pessimistic voices claim it's all downhill from here. However, expert traders know that the future is not as bleak as it seems. On the contrary, new and innovative projects are still surfacing in the market, giving us a glimpse of how promising the new "crypto spring" will look. Sitting and waiting for the crypto winter to pass is gruesomely depressing. That’s why we compiled a…