How Can An NFT Be Used Outside The Scope Of Art Ownership?

Non-fungible tokens, or NFTs, are the next biggest thing in the world of cryptocurrency. And, people have been scrambling to make, buy, and sell NFTs all over the world. For instance, some investors go as far as investing over $500 million in digital art images. As the NFT craze continues, we cannot help but wonder whether these tokens will evolve past art ownership. Billions of dollars have already changed hands through the sale and purchase of NFTs. So, crypto enthusiasts…

What Are NFTs, and Why Are Some So Valuable?

As if cryptocurrencies weren't confusing enough, Non-Fungible Tokens (NFTs) are another blockchain native asset class causing people's heads to spin. While only a fifth of American adults is actually familiar with NFTs, their staggering growth deserves world renown. OpenSea – a popular NFT marketplace – saw over $1 billion in trading volume throughout August. Moreover, the entire space has amassed $500 million in trading volume daily at the time. Most notable are the prices people are paying for some of…

PancakeSwap: The Decentralized Exchange Based on the DeFi Ecosystem

The decentralized financial system is home to popular protocols and decentralized applications running on a blockchain network such as Ethereum. These protocols include decentralized exchanges, which provide tools for converting and trading digital assets while excluding an intermediary’s involvement. PancakeSwap (Official Website) operates as a DEX ecosystem enabling users to trade BEP-20 tokens. Unlike other platforms that run on the Ethereum blockchain, PancakeSwap exists on the Binance Smart Chain, leveraging its fast execution speeds and lower transaction charges. The DEX…

15 NFT (Non-Fungible Token) Projects You Should Know About in 2021

From time immemorial, people have always loved to collect and store items they consider useful. From books, posters, stamps, Pokemon cards, games, souvenirs, etc., people have loved to collect things that resonate with their interests and passions.  Imagine owning your favorite celebrity's memorabilia or a virtual gallery of digital artwork, which you can take anywhere with you. Yes! This is possible through non-fungible tokens (NFTs) on the blockchain. NFTs are a type of crypto token representing physical assets and cannot…

NFT Market Sets New Records As Alien Cryptopunk Art Is Sold For $762K

In the midst of a booming market for non-fungible tokens (NFTs), a rare alien CryptoPunk art was sold for $762,000. CryptoPunks are considered to be the project that inspired the CryptoArt movement. CryptoPunk sold for $762,000 A non-fungible token (NFT) from the CryptoPunks collection was sold on Saturday, January 23 for 605 Ether ($762,000).  This was revealed on the website of Larva Labs CryptoPunks are highly regarded within the NFT sector since they predate the creation of CryptoKitties and the…

Football Fan Tokens and the Future of Cryptocurrencies in the Sports Industry

Prestigious European football club FC Barcelona is the latest to develop a cryptocurrency fan token in partnership with the blockchain company Chilliz. The token, Barca Fan Tokens (BAR), will be available to worldwide Barcelona football club fans who can use them to support the club by taking part in polls, surveys, make purchases, and get rewards, on Chilliz sports and entertainment platform, Socios.com. Barcelona is one among many prominent football clubs looking to engage their fans worldwide in club decisions…