In 2021, an investment firm bought 2,000 acres of real estate for roughly $4 million. Normally, this would not make headlines, but in this case the land was virtual. It existed only in a metaverse platform called The Sandbox. By buying 792 non-fungible tokens on the Ethereum blockchain, the firm then owned the equivalent of…
The art world encompasses various types of art, including more traditional forms like fine art, antiques, and artifacts, and newer contemporary mediums such as non-fungible tokens (NFTs) and digital collectibles. Today, these all come together in one place through a common digital denominator: the digital marketplace where auctions take place. Digital marketplaces have unlocked the…
In the world of NFTs, there’s no sleeping giant capable of eclipsing professional sports. In 2022, this emerging subset of the NFT market flashed its potential several times. Across the professional sporting world, sports teams have taken in Bored Apes to function as virtual mascots, several licensed sports-themed blockchain games have successfully hit the market,…
Two weeks ago, when OpenSea announced it might drop royalties enforcement for existing collections on its platform, it sent an earthquake rippling through the NFT community. Nearly every big name in the space, from Beeple to Yam Karkai to FVCKRENDER and FEWOCiOUS, took to Twitter to express their solidarity with the community and collectively urged…
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The potential of blockchain in the sports world is significant. Web3 esports aims to become a tool for mass adoption.
