Articles about NFT

It’s time to redefine what has come to be known as the metaverse -- a reimagined internet, integrating both established and new technologies (think mixed reality) -- to Web3. Though possibilities appear to be plentiful, the 'digital reality' perception of the metaverse is too far off in the horizon and not currently widely relevant.

Rather than focusing on the metaverse, then, businesses need to consider the real-life use-cases for Web3 -- including decentralization, blockchain, and token-based economics -- including crypto and non-fungible tokens (NFTs), to gauge their true value, sustainability, and future. Web3 has given us an incredible tool -- the ability to create a 'digital value economy', whereby something can have value in and of itself online, without a trusted intermediary.

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The appeal of NFTs (non-fungible tokens) appears to have dropped off. After enjoying a period of near-meteoric popularity, the value of NFT sales has been decimated over the past six months.

NFT sales for June 2022 were a little over $1 billion, compared to a peak of $12.6 billion at the start of the year. The drop in interest takes NFTs to their lowest level in a year, and it comes as the cryptocurrency markets have suffered a period of extreme volatility and price drops.

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Popular NFT marketplace OpenSea has started issuing emails to its users warning them of a leak of customer data.

OpenSea says that an employee of its email delivery vendor, Customer.io, abused their position to access and share email addresses with an unauthorized third party. The company has not given an indication of the number of users affected by the data breach, but has warned of an increased risk of phishing attacks. With the number of active users of OpenSea reported to be around 2 million -- and this does not include people who have just signed up for a newsletter -- the potential impact is huge.

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The cryptocurrency industry is continuing to grow and evolve. Over the past few years, the use and value of many common cryptocurrencies have risen exponentially, generating more public interest in how and where these non-fiat currencies may lead investors and users moving forward.

Now, as we move forward into 2022, we are another year wiser and there are additional trends to watch for as a growing number of users begin to gain interest in using and trading cryptocurrencies.

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Tiger King was one of the Netflix’s biggest shows last year, arriving at around the same time as Covid-19 lockdowns, making it a must-see for millions of people suddenly trapped at home.

Joe Exotic’s arch-nemesis on the show, Carole Baskin, has been making the most of her sudden fame, and her latest venture is an alt-coin for supporters of her Big Cat Rescue. And that’s not all she’s up to -- fans will also be able to invest in NFTs in the coming weeks.

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