Tag: NFT

What Are NFTs?

A Non-Fungible Token (NFT) is a piece of data that is stored on a blockchain that certifies a digital asset to be unique. An NFT can represent pictures, videos, GIFs, audio and other types of digital files. Since they are stored on the blockchain they can be used to verify ownership and authenticity….

Read More

Aurory: Solana’s NFT-based gaming platform

NFTs and Gaming The adoption of Non-Fungible Tokens (NFTs) has rapidly accelerated in recent months. However, the adoption appears to be mostly limited to artwork collections such as CryptoPunks and Bored Ape Yacht Club. The most expensive NFT is currently Beeples ‘Everydays’ which sold for $69 million at auction. The artwork is a…

Read More

First Property Sold As An NFT

Earlier this month a studio apartment in Kyiv, Ukraine was sold at auction as an NFT. The auction was held on 9th June 2021 by Propy Inc., a real estate transaction platform. A 27 hour long bidding war ended in a winning bid of 36 ETH (approx $93,000 at time of sale). This…

Read More