Main Takeaways Sports NFTs give loyal fans new and exciting ways to support their favorite teams, while sports organizations can benefit from a new revenue stream by issuing digital collectibles. Beyond attending live sporting events, fans can also directly interact with athletes in virtual environments, for example, during metaverse meet-and-greets or AMAs. Non-fungible tokens (NFTs) have seen substantial growth in…
Category: NFT News
NFTL;DR | Non-Fungibles in a Nutshell
We’ll be the first to admit it: Educating yourself about NFTs can be difficult. The industry is massive, encompassing segments of the entertainment industry, art world, banking sector, and even some government institutions. NFTs are also remarkably complex, including a diverse array of systems and infrastructure. In short, there’s quite a bit of ground to cover, which is exactly why…
Phishing Scams Explained in Under 400 Words
What do a lot of the worst cases of theft in the NFT space all have in common? They were orchestrated via phishing scams. Phishing scams occur when bad actors manipulate or trick users into handing over their personal information, such as credentials to access their crypto wallets. They are able to pull this off by impersonating reputable figures such…
NFT Expoverse and NFT Plazas Join Forces for a Weekend in LA
We’re proud to announce that NFT Plazas has joined forces with NFT Expoverse as a media partner. The upcoming three-day event will be full of educational talks, incredible exhibitions, and exclusive NFT drops for attendees. Whether you’re an entrepreneur, artist, collector, gamer, or digital enthusiast, you won’t want to miss this! Tickets & Location NFT Expoverse is taking place in…
NFT Wallets Explained in Under 400 Words
Before you buy cryptocurrency or NFTs, you’ll need somewhere to store the digital assets you buy — i.e a crypto wallet. A crypto wallet is a physical device or computer program that allows you to store and manage digital assets. When you create a crypto wallet, it automatically generates a series of words known as a “seed phrase” or “recovery phrase.”…
PFP Projects Explained in Under 400 Words
PFP (profile picture) projects have become the hallmark of the NFT world since they exploded in popularity in 2021. They’re the bedrock of some of the community’s most famous projects, including Bored Ape Yacht Club, Doodles, Cool Cats, and countless others. As the name implies, PFPs are pieces of digital art that are meant to be displayed as profile pictures…
Is the Web3 Marketplace Ready for NFT Rentals?
In the Web3 space, change is the only constant. Go offline for even a day or two, and you’re likely to have missed a development somewhere in the ecosystem, whether it’s about NFTs, DeFi, blockchain capabilities, or something else. A less common but deeply compelling part of the NFT ecosystem is the idea of NFT rentals. The first thing to…
OpenSea Just Laid Off 20% of Its Staff
OpenSea has let 20 percent of its staff go, in a colossal decision to weather the crypto winter that everyone in the NFT space is living in, according to a tweet from Co-Founder and CEO OpenSea Devin Finzer. And while the broader context of a market downturn has many worried about the wider Web3 and NFT space, Finzer stressed his…
In This Bear Market, NFT Communities Still Find Reasons to Celebrate
Sometimes, you need to focus on the good stuff in life. Even when the market’s down, we can still have nice things. Really nice things, in fact. At least that’s the perspective taken by Trevor Jones, the OG crypto artist behind the now iconic NFT artwork “Bitcoin Angel.” Jones, a traditional painter with a keen interest in the intersection of…
Gamestop Throws Caution to the Wind with Marketplace Launch
As if sensing the market was in dire need of some light-hearted news to brighten up the encroaching crypto winter, Gamestop arrives once again to save the day by launching its fine new NFT marketplace in what some call ‘the worst time to launch a crypto project ever’. Moving from its private to public beta phase, the new GamestopNFT marketplace…