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NFTs have been around for a while, but didn’t hit mainstream attention in 2021. However, between then and now, the market has grown remarkably. While they have exciting possibilities, they are popularly known for their expensive sales and celebrity adoption. Some NFTs have enjoyed more success than others and also racked in more money. PFP NFTs are currently the most popular NFTs. They have also enjoyed the most mainstream attention and population because of the massive sales. However, NFT artworks have equally enjoyed considerable success too.What are NFT artworks?NFT artworks are artworks turned into NFTs and placed on the blockchain. Transforming…

NFT The blue-chip NFT project Azuki has launched a virtual city called Hilumia. Hilumia boasts a toy store, arcade center, gym and even a romance competition called “Love Island.” The virtual city launched earlier this week to celebrate Azuki’s one-year anniversary, and the project’s trading volume spiked 86% on the day of the announcement, according to the NFT data tracker CryptoSlam. “Hilumia is an interactive virtual city that is shaped by the community and will expand over time,” the firm told The Block, adding that its native Physical Backed Token (PBT) threads its ecosystem together. “PBT will also play a…

As if sharpened by the arrival of the new year, many NFT projects have dusted off the memory of the previous 12 months to get 2023 off to a roaring start. As a result, pack-leader, the Bored Ape Yacht Club has dropped a mystifying selection of new lore, gamification and NFTs. Not to be overshadowed by the Yuga Labs onslaught however, fellow blue-chip stalwart, Azuki, has unveiled its brand-new community centered metropolis.A Home Away from HomeJust like the ronin of old, the Azuki have found themselves wandering the wilderness with no place to call home. Destined to roam the blockchain…

Blockchain App-specific blockchains, or appchains, are specifically designed to support the creation and deployment of decentralized applications (DApps). In an appchain, each app runs on its separate blockchain, linked to the main chain. This allows for greater scalability and flexibility, as each app can be customized and optimized for its specific use case. Appchains are also an alternative solution for scalability to modular blockchains or layer-2 protocols. Appchains present similar characteristics to modular blockchains, as it is a type of blockchain architecture that separates the data, transaction processing and consensus processing elements into distinct modules that can be combined in…

Blockchain ImmutableX, the Layer 2 scaling solution used for NFT projects on Ethereum, announced that Tiny Colony, the Pixelated ecosystem originally built on the Solana blockchain, is migrating to ImmutableX, dubbed “Tinyverse”, with new features. Notably, the platform discussed in detail the transformation Tiny Colony would embrace after migrating to ImmutableX: “Using our powerful ZK-rollup technology, Tiny Colony will empower players with full ownership of their in-game digital assets as fully-carbon neutral NFTs, all while leveraging the security of the Ethereum blockchain”. In addition, ImmutableX cited that the platform would provide the Solana game “a seamless, gas-free trading experience”, facilitating…

NFT This week’s guest on the Cardano NFT Column is a project banking on web3 creators to lead the digital renaissance and inspire the art of tomorrow: The Art Bank. The previous guest was a project that will be launching a collection of 10k NFTs which represent crowdfunded partial ownership whiskey casks. This initiative is a point of reference for NFTs on Cardano and every week or two we will invite someone to answer some questions and give us an update directly from within the Cardano community. Considering that many of our readers are new to the crypto space, we…

NFT If crypto trading is still a niche activity, then NFTs are a niche within a niche, and the past year has seen active market participants gradually becoming narrowed down to true believers. Overall, NFT trading volumes dropped, trades by new wallets went down, meaning fewer new participants, and NFT interest on Google Trends showed a running decline (aside from when Donald Trump launched an NFT collection, causing a temporary spike in interest last month). All of this does not mean that nothing has happened in the NFT space. There have been new collections released and occasional bursts of activity,…

NFT YouTuber Logan Paul has unveiled a $1.5 million recovery plan for the people who invested in his beleaguered NFT project CryptoZoo. Announcing the move in a video shared via Twitter on Jan. 13, Paul reiterated that he is no longer looking to sue fellow YouTuber Coffeezilla for defamation over accusations he made in a critical series of videos on Paul’s NFT project. My 3-step plan for CryptoZoo, including a $1.3M rewards program for disappointed players.Thank you, @coffeebreak_YT pic.twitter.com/xFX017UHoc — Logan Paul (@LoganPaul) January 13, 2023 As such, Paul emphasized that he is instead focused on fixing CryptoZoo, delivering on…

Blockchain Blockchain use cases have expanded far beyond cryptocurrency in the past years, with multiple industries embracing the technology in a wide range of fields, including healthcare, logistics, and financial services. The hype has many reasons behind it. Blockchains are decentralized, transparent, and increase the capacity of a whole network, opening a window for solutions that require significant computational power. More importantly, it gives users the capacity to control their assets, including their data, without relying on third parties. As blockchain evolves, companies across the world are working to find the best ways to implement the technology on a range…

NFT The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030. This comes off the back of Twitter having recently announced NFT Tweet Tiles and Instagram releasing an array of different NFT-related tools, and many NFT enthusiasts are naturally starting to deliberate which one will come out on top as the go-to social media platform for NFTs. Going by their unique value proposition and recent events, it is evident that Instagram…