Robinhood’s wallet will be noncustodial and multichain, allowing for the storage of NFTs along with the ability to connect to NFT marketplaces.
What are NFTs? NFTs explained in brief: Nonfungible tokens, or NFTs, are verifiably unique representations of digital and physical goods. Each NFT generally differs in makeup, and therefore likely differs in value as well.
In the physical world, U.S. dollars are fungible. No value is forfeited if a person trades any given paper U.S. dollar for a different paper U.S. dollar. On the other hand, something such as artwork is generally nonfungible. The “Mona Lisa” is not of equal value to “The Persistence of Memory,” as both artworks are unique, deriving value as such.
Based on distributed ledger technology, NFT crypto assets serve as a method of authentication for buyers of unique items, proving aspects such as ownership. NFTs became much more well known in 2020 and 2021. NFTs have potential for other use cases as well, such as companies tracking their internal resources or platforms verifying subscriptions and use.
NFT sell volume declines sharply after Terra’s blow up led to stablecoins dropping their peg and Bitcoin’s dip below $30,000 raises fear of a prolonged bear market.2187
The platform is exploring the possibilities to “improve artists’ and fan experiences,” surveying its users.2291
This suite of tools is designed for developers to build products and services in the DeFi, GameFi and NFT spaces.1475
Coinbase is rapidly expanding its product offerings this month as some select users can now access DeFi and other DApps on Ethereum through the Coinbase app.6613
Despite their significant short-term gains, NFTs are as misunderstood as online shopping in the 1990s.1682
With nonfungible tokens raking in incredible prices, have a look at the 10 most expensive NFTs sold to date.7168
The major game developer is reshaping its business strategy to include a more robust NFT ecosystem by investing in blockchain gaming infrastructure.8418
Time magazine, Rarible and Aleksandra Artamonovskaja share insights into the values and visions that leading NFT projects and figureheads seek to uphold as the market enters a financial downturn.4197
Not all the experts are rushing to call the development “groundbreaking,” but it will certainly help the industry combat fraud.8802
What are the most common NFT scams and how can you avoid them? Are the non-fungible tokens still worth the shot?153
While investigations are underway, the ongoing attack on various crypto platforms may be connected to the compromise of Coinzilla, an advertising and marketing agency.9592
Centralized exchanges were once just the intermediary between buyer and seller; now, they’ve evolved to become the turning point in ensuring consumer security, diverse asset availability and, in modern cases, access to the metaverse.1705
Emirates is embracing new technologies such as the metaverse and NFTs to expand its reach, according to chief operating officer Adel Ahmed Al-Redha.9439
In an exclusive interview with Cointelegraph, macro investor Raoul Pal analyzes the macro factors that are keeping the crypto markets under pressure and the triggers that could spark the next Bitcoin rally.17283