The NFT marketplace of Binance is making strides by launching The Sandbox NFT Staking Program, an exclusive initiative for users to stake their LAND NFTs available on the Polygon network. Participants can enjoy daily rewards through the SAND tokens by Sandbox throughout the program’s duration. The Sandbox NFT Staking Program was open to all users from April 28, 2023, at 09:00 …
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As the dust settled on a tumultuous 2022, Solana emerged from the storm, showcasing impressive growth during Q1 2023. Driven by a 118% QoQ increase in market cap and an array of ecosystem developments, Solana has re-established itself as a force to be reckoned with in the blockchain space. Recovering from Turbulence: Solana’s Resurgence Solana’s network faced considerable skepticism after …
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Vatican Library is leveraging blockchain and non-fungible token (NFT) technology to digitize its vast collection of books, manuscripts, and historical documents. In partnership with global technology services provider NTT DATA, the Vatican Library Web3 Support Project aims to make its archives more accessible to the public while ensuring their long-term preservation. Web3 Support Project: Secure and Tamper-Proof The Vatican Library …
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Introduction to NFTs and privacy NFTs (non-fungible tokens) are digital assets that are unique and cannot be exchanged for other tokens or assets. While they provide exciting new opportunities for creators and collectors, there are also concerns about how they impact data privacy and security. Here are a few things to consider: 1. Data collection NFTs and the platforms that …
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Bored Ape Yacht Club (BAYC), a leading non-fungible token (NFT) collection, has secured a major legal win over Jeremy Cahen and Ryder Ripps in a copyright and trademark infringement dispute. The US judge’s ruling supports NFT creators’ intellectual property rights and sets a precedent for future cases. Yuga Labs Takes Legal Action Against Copycats Yuga Labs, BAYC’s creator, initiated legal …
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Sotheby’s auction house has announced the relaunch of its digital art sale, “Glitch: Beyond Binary,” which is set to open for bidding on April 19. The auction, which was previously paused due to criticism over a lack of diversity, is an effort to represent people from all walks of life. The rebooted sale comes after Sotheby’s received backlash for its …
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Ukraine has taken a unique step to raise funds to support its ongoing war with Russia by launching a collection of non-fungible tokens (NFTs). These NFTs represent the country’s struggle against Russian aggression and will be sold to raise funds for the Ukrainian armed forces. The move comes after President Volodymyr Zelensky signed the country’s first-ever NFTs to support its …
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Recent developments from Reddit have garnered a lot of reactions from the community members, with some expressing commendation towards Reddit’s marketing efforts and the revision of the anti-NFT narrative within the platform. About Reddit Avatars The highly renowned online discussion platform, Reddit, has successfully introduced the third iteration of its blockchain-based digital collectibles, aptly named “Reddit Avatars,” on the Polygon …
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NFTs, or non-fungible tokens, have exploded in popularity in recent years, with many collectors and creators looking to buy and sell these unique digital assets. However, determining the value of an NFT can be a challenging task, as it requires taking into account a range of factors, including the rarity, provenance, and cultural significance of the asset. In this guide, …
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Introduction: Non-Fungible Tokens (NFTs) have been making headlines in the world of art and collectibles. However, the potential of NFTs extends far beyond these areas, and one of the most exciting possibilities is their use in gaming. In this article, we will explore how NFTs could revolutionize the gaming industry, with a focus on virtual real estate and in-game items. …
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