• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
NFTs are the new cool kid on the block
Nexo

NFTs are the new cool kids on the block

Bitcoinist by Bitcoinist
1 year ago
in Industry
0

NFTs Major Milestones

NFTs are the new cool kids on the blockchain. Unlike a Bitcoin token for example, where one can be interchanged for any other, NFTs are unique and no one is like any other. Non Fungible Tokens effectively take a medium like a piece art, a tweet or digital media and turn it into a one-of-a-kind token. One of the most recent examples of NFTs in the news is at the recent, rather awkward burning of  a purchased piece of banksy art, after it was tokenized. Once you’ve seen that video once, you might not want to see it again.

Other cool examples include Twitter’s CEO, Jack Dorsey tokenizing his first ever Tweet and putting it up for auction as an NFT. Currently the bidding is up to $2.5m. I’d rather take a screenshot of the Tweet, but that’s just me. Certainly, there is now a huge market for NFTs and the premium auction house Christies are even conducting their own auction with the tokenized work of digital artist BossLogic.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Yet more examples include the Kings of Leon remastering their album in NFT format. Logan Paul has launched his own NFT among his  approximately 5M followers on Twitter. He sold it on the Arkane Marketplace, live on Polygon, with only 477 pieces issued in total, and each piece selling for ~10,000 USD

What many of these NFTs and auctions have in common is that the hosts need scalability, security and a decentralized approach. That’s why many Dapps in this arena have been launched on the Polygon (formerly known as Matic)  chain.

Who Are Polygon?

Polygon, previously known as Matic, have scaled up to develop Etherum’s “Internet of “Blockchains” infrastructure which is ready for mass adoption. Polygon is  a modular framework that extends the scope of the Matic platform that is perfect for app developers. Their Layer 2 Chains are interoperable with any Layer 1 blockchain and they are already being used far and wide, with currently over 90 Dapps and over 200,000 users using their platform.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The ever growing NFT habitat on Polygon covers a wide selection of areas across verticals like Gaming and NFT’s to Decentralized Finance (DeFi) and even the Prediction Markets. Their NFT clients include names like Aavegotchi, Neon District Megacryptopolis, ZedRun, Chain Guardians, Decentral Games, Battle Racers, Doki Doki and MyCryptoHeroes. All of this has resulted in the need for a solid NFT marketplace that is as scalable as it is versatile.

Both Binance and Coinbase are backing Polygon in their quest to develop a second-layer platform that can allow developers to scale their Dapps for wider usage and using a product that is fast and also cheap. One step closer to mass adoption.

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Unizen’s ZenX Labs Announces Backing For Weld Money

Unizen’s ZenX Labs Announces Backing For Weld Money

19 hours ago
Project SEED to Shape the Future of Blockchain Gaming

Project SEED to Shape the Future of Blockchain Gaming

1 day ago
How Tectum Is Using SoftNote To Replace Paper Money and Rewarding Users in Our Ecostream

How Tectum Is Using SoftNote To Replace Paper Money and Rewarding Users in Our Ecostream

1 day ago
Polkadot Pioneers Prize Names Manta Network The Architect “Open Division” Competition Advancing Zero-Knowledge Technology

Polkadot Pioneers Prize Names Manta Network The Architect “Open Division” Competition Advancing Zero-Knowledge Technology

2 days ago
‘Tokenizing Assets’; Bob Ras, Sologenic CEO, Reveals The Mantra Of The Financial Future

‘Tokenizing Assets’; Bob Ras, Sologenic CEO, Reveals The Mantra Of The Financial Future

2 days ago
Mykola Udianskyi

Mykola Udianskyi Reaches New Accolade as Best Digital Currency Influencer for 2022

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.