A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a blockchain, a form of digital ledger. NFTs can be associated with reproducible digital files such as photos, videos, and audio.
The latest headlines highlight that the Metaverse is really here to stay and to make a difference. It is not just about games and AR, it is about economy, politics and life! Just have a look!
The most anticipated NFT gaming project SIDUS HEROES has opened its doors to its first users. In the middle of January, the company released a closed beta version of the game that holders of SIDUS GENESIS NFTs were given access to.
It seems regulators will not leave Meta, the parent company behind Facebook and Instagram, alone, even after the company abandoned its cryptocurrency projects. The new regulations drafted in the UK will target Metaverse developments.
In 1992, the concept of the Metaverse existed only in the fertile imagination of American cyberpunk author Neal Stephenson. In his book Snow Crash, Stephenson described the metaverse as a virtual reality-based Internet populated by system daemons and user-controlled avatars.
As the Metaverse gains momentum at the start of 2022, more NFTs like IggyBoy are incorporating more utility and benefits into their NFT. There are only 2500 whitelist spots available.
On January 31, Meta, Facebook's parent company, announced that it had sold its cryptocurrency project Diem. It seems that this clears the way for their new NFT market.
Meta plans to integrate non-fungible tokens (NFT) into its Facebook and Instagram social media platforms. Such a move could ensure that the popularity of this emerging industry skyrockets.
The year 2022 started with a bearish trend for the entire cryptocurrency market. One bad news followed another, and all major cryptocurrencies suffered significant outflows. Meanwhile, the emerging NFT market is experiencing unprecedented growth.