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That kid who created his own $400,000 NFT project, Benyanub Ahmed, joined another successful NFT group. Together, their sales volume moved past the $5 million mark after just three weeks.
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Goldman Sachs has announced they are exploring NFT's- Why? Despite being a playground for collectibles, for some its the logical next step for incumbents.
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Changpeng Zhao explained he has yet to ask Musk for a detailed plan but that charging for comments and blue ticks are both in the pipeline.
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Although valuations in the NFT market have fallen, it seems that it has given way to an exploration of other use cases.
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BAYC has 10% of the total market cap of NFTs, this project has been at the center of the conversations about copycats.
The World Intellectual Property Organization (WIPO) and European Union are exploring a new idea around using NFTs to protect intellectual rights and prevent counterfeiting.
Co-Founder of Solana, Anatoly Yakovenko, announced the launch of Saga, an Android Web3-based smartphone and SMS software kit.
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Most NFTs function right now as digital collectibles, traded on marketplaces like the ever-popular OpenSea.
The site saw $3.4 billion in trading volume in August, 10 times the trade volume in July.
Soulbound tokens, with their air of myth and legend, have very real applications that could significantly disrupt the finance sector, bringing decentralization to DeFi and creating a whole new way of thinking about society.
This sudden surge comes just as NFT innovators are beginning to reimagine what it means to engage in online collection or digital ownership.