What is NFT? NFT stands for Non-Fungible Token. An NFT is a type of digital asset that is stored on a blockchain and cannot be replicated or exchanged. NFTs represent a unique digital asset, such as a piece of art, a video, a collectible item, or a digital trading card, and they are often used to buy and sell digital content. NFTs are becoming increasingly popular as digital collectors are looking for new ways to purchase and trade unique digital assets.
DappRadar’s report reveals the NFT market generated $4.7 billion in sales in Q1 2023. Gaming-related NFTs accounted for 70% of the total NFT sales. The mainstream adoption of blockchain technology and celebrity endorsements have contributed to the growth of the NFT market. OpenSea accounted for 85% of the total NFT sales in Q1 2023. The …
Station Casinos, a company situated in Las Vegas, is supporting the use of non-fungible tokens (NFTs). The casino will reward the players with digital art available during slot play. Station Casinos integrates NFT rewards Station Casinos launched STM Charms on Friday. STN Charms is an extension of its Boarding Pass casino loyalty program that will … Continued
Yuga Labs finalized “Second Trip” on Saturday last week, which enabled its community members to preview what is to be expected on Otherside. The Otherside metaverse is a virtual world created by Yuga Labs that is slated to launch towards the end of the year. Yuga Labs completes “Second Trip” for Otherside metaverse The statement … Continued
Chainlink is looking towards transforming the Web3 gaming industry. The company will be working alongside the gaming platform known as Made For Gamers to offer a tamper-proof and auditable source of randomness targeting blockchain gaming. Chainlink brings auditable randomness to blockchain Chainlink is one of the most utilized blockchains. The blockchain’s oracle network is largely … Continued