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NFTs have garnered multi-millions of dollars in revenue owing to the buzz around them, demonstrating the broad market appeal of digital collectibles. According to statistics from Dune Analytics, which was initially published by NFTGators, global fashion labels such as Gucci, Adidas, Nike, Dolce…
The future course of the non fungible token (NFT) market over the following five years was examined in a recent analysis by Juniper Research. The report predicts that by 2027, there would be about 40 million worldwide NFT transactions, up from 24 million in 2022. Based on the research, the use…
The creator of today’s highly secure portal Telegram, Pavel Durov, has proposed the concept of a domain or marketplace that would employ “NFT-like smart contracts” to bid off popular usernames. Durov voiced his response to TON, a layer-1 blockchain that was first in the line…
The use of Metaverse in the different sectors is rising day by day. With the new dimensions that the continuous Metaverse development is allowing us to enter, it is becoming the next big thing every day. Although the use of Metaverse technology has garnered interest in various sectors, the field…
The music industry is one of the dominant sectors that consistently experiments with technological advancements to produce high-end music and enhance the user experience. There have been several developments in music industry like altering how we produce, disseminate, and consume content of this…
In order to fully realise its promise, 6G has been searching for the ultimate ubiquitous application. As we increasingly rely on our cell phones to get by outside the home and to combine experiences and services (both real-world and virtual), the concept of the Metaverse may be the killer app. The…
The Australian Football League’s (AFL) non fungible tokens (NFTs) sold out in just under 12 hours following their initial distribution. After Ripper Skipper 2022 debuted, it enabled the ‘allow list’ to buy 3,800 packs reserved for the drop. This ‘allow list’ was open to all. AFL Mint Ripper…
Coinfund is investing a sizable wager on Web3. The investment company with a focus on cryptocurrencies. Reportedly, it is launching a sizable $300 million venture fund for Web3 innovators seeking funding for their cryptocurrency initiatives. The fund has been sponsored in parts by Adams Street…
Anyone who is even a bit aware of global development knows how this castle of opportunities evidently rests on the cocoon of technological prowess. How we live now, work, and entertain ourselves has transformed dramatically over all these years. If we turn the pages of our memory journal five years…
According to a latest news report, Alphabet, the google parent, has poured almost $1.5 billion in the blockchain sector between the period of September 2021 and June 2022. As per the numbers and statistics, this is by far the maximum of any other publicly traded firm. Additionally, according to…
When did you hear the word ‘Web 3.0?’ Did you find it on one of the Internet blogs? Magazine articles or heard it from the gym partner who couldn’t stop bragging about his knowledge? There can be nth number of sources from where you might have sniffed the air about Web3 technology. The craze…
The Houston Texans have hopped on the bandwagon among the teams who have started accepting crypto payments and alliances. According to the recent news, HT has become the first ever NFL (National Football League) to offer a single-game suite in lieu of cryptocurrencies. Recently, BitWallet and…