NFTs

The NFT trading volume in Q1 2023 saw a sharp increase, followed by a decline driven by Blur's incentives and airdrops. The number of NFT holders hit its lowest point in the past 12 months on April 19, with just 11,187 traders. However, the number of holders increased by about 12.62%, reaching around 4.3 million by April, indicating sustained interest in NFTs. Market Platforms OpenSea had dominated the NFT royalty market, but Blur surpassed it in mid-February 2023 and remained…

Crypto enthusiasts have found a new way to immortalize history with the launch of 'Lolita Adventures.' This NFT collection is based on former US President Bill Clinton and late financier Jeffrey Epstein's flight log. ViceHub, an Ethereum and Solana-based NFT project, has created this collection combining satire and journalism to tokenize a piece of history. The Idea Behind this New NFT Collection The crypto space is witnessing yet another project working to change the NFT narrative. Through Lolita Adventures, this…

NFT utility refers to the practical uses and functions of non-fungible tokens (NFTs) beyond their traditional purpose as digital collectibles. While NFTs are often associated with artwork or unique digital assets, their utility can extend to various applications, from gaming to finance to supply chain management. One of the primary benefits of NFT utility is that it enables creators and developers to create more value for their digital content by making it more easily transferable and accessible to users. In…

Fractionalized NFTs are a new type of non-fungible tokens (NFTs) that allow investors to purchase a portion of an NFT rather than the entire asset. This means that a single NFT can be divided into smaller parts and sold to multiple investors, each owning a fractional share of the original NFT. The concept of fractional ownership is familiar and has been used in various assets like real estate, art, and stocks. However, applying it to NFTs is a novel concept…

Genesis mining in the metaverse refers to the initial creation and distribution of virtual assets within a virtual world or metaverse, such as virtual real estate or virtual currency. The creators or developers of the metaverse often control this process. It may involve using blockchain technology to ensure the security and integrity of virtual assets. The term "genesis mining" describes the initial creation and distribution of these assets, similar to mining for precious metals or other resources in the physical…