Having made a splash in the art world, NFTs are making inroads into music as both pieces of art and investments. Royal, a music-focused NFT platform that allows artists to sell a share of their royalties, raised $55 million in a Series A round from a crowd of investors including Andreessen Horowitz, CAA, NEA’s Connect…

“Cheugy”, “pingdemic” and “double-vaxxed” are among the top 10 words of 2021 with “NFT” topping the list, according to Collins Dictionary.Experts at the dictionary said they had seen more than an 11,000 per cent rise in the use of “NFT”, which stands for non-fungible token.An NFT is a unit of data stored on a blockchain…

NFTs have been one of the hottest buzzwords of 2021 (see VIP’s special report from Nov. 1) and continue to grow in both buzz and sales. In the last month, there were over $3 billion in NFT sales across 10 blockchains, with Ethereum accounting for over half of this, with $1.7 billion in sales alone.…

The term “digital ownership” has only recently come to mean anything. While nonfungible tokens (NFTs) have been around for some time now, it’s in the last year or two that they’ve caught the attention of mainstream media. The third quarter of 2021 alone saw over $10 billion in NFT trade volume across blockchains, a substantial…

Socialite Paris Hilton has taken a big interest in the crypto space, particularly in Non-Fungible Tokens (NFTs). Per a press release, Hilton participated in a $20 million raise for the ORIGYN Foundation, a Swiss-based nonprofit organization with the objective of “unlocking the powers of ownership for objects of value”. Related Reading | Understanding The Recent…

Will artists go to war with Art Wars over unauthorized NFT sales? Ben Moore, a London-based curator, is the founder of Art Wars, a long-running project consisting of an ongoing exhibition of life-size Star Wars stormtrooper helmets that have been custom-painted by artists, including Anish Kapoor, David Bailey, Jake and Dinos Chapman, and Mr. Brainwash. Now Moore has…

Cole Buxton has something more to offer its loyal fan base, getting Metaverse ready with its first NFT collection.Slowly but surely, our digital future is presenting itself in all facets of daily life. As fashion and gaming continue to merge; from Xbox and Gucci to Balenciaga and Fortnite, and brands prepare to fully immerse themselves…

Despite the ongoing plunge in interest around non-fungible tokens, or NFTs, over recent months, there still seems to be quite the knowledge gap regarding what they really are, how useful they are and whether they could become a valuable asset for individuals and businesses. With some of the most notorious companies in the market deciding…

NFTs, or non-fungible tokens, aren’t exactly simple to understand. Nevertheless, they are proving to be quite popular. These digital tokens, which cannot be broken down or divided, are one way of cementing the ownership of valuables while also adding value to them if you eye raising funds by selling them. There is the potential of…

Toby Hazlewood sold his first NFT after learning the ropes of how to mint and promote it. He gives five tips for people looking to enter the growing market. “Your first creation may already exist and turn out to be your gateway into this world,” he said. I began experimenting with non-fungible tokens as a…