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NFT day by the crypto community. International NFT day celebrates the creation and use of NFTs. The term was coined by Dapper Labs Chief Technology Officer Dete Shirley in the form of the ERC-721 standard on the same day in 2017, marking its existence. NFTs are digital assets that can be stored, transferred, and traded just like traditional assets. They provide a secure way for people to exchange information and money without having to trust third parties. NFTs are cryptographic tokens that use blockchain technology to verify their ownership and cannot be replicated and are used to represent digital and real-world items such as artwork and real estate, allowing these assets to be traded.

NFT and crypto space that you need to know about:Own Your Art With the cost of NFTs hitting new records each time, small time crypto investors have been feeling left out of the art NFT scene. After all, how many of us can afford a Bored Ape NFT that costs lakhs of rupees? One trend that has caught on to counter this is what is known as Fractionalised NFTs in which ownership is shared among multiple owners so as to bring down the price of an artwork to an affordable level. A popular example is famed street artist Banksy’s Gorilla in a Street Mask NFT that will be sold as a collection of 10,000 fractionalised NFTs for $750 each.Gaming Gets NFT-fied With in-game NFT assets being developed by some of the top names in the gaming space, its no wonder GameFi (gaming and finance) is fast getting traction among users and developers alike. One of the biggest names in this space is Axie Infinity that is inspired by Pokemon that features collectible pets called ‘Axies’. It has reportedly collected over a billion dollars of in-game assets through its tokens that can be used in the game’s ecosystem. Gaming and NFTs seem like a match in heaven and we’re just getting started with what can be done. This year, keep an eye out for NFTs from games like Thunder Lands and Metawars among others.

NFT bubble isn't popping, but it may have sprung a leak. A year on from when a single non-fungible token sold for $69.3 million in crypto at Christie's auction house, with the buyer paying to be recorded on blockchain as the owner of a digital file that anyone can see online for free, this weird and wild market is showing some signs of slowing down. Sales on OpenSea, the largest NFT marketplace, had reached nearly $5 billion in January, a giant leap from the $8 million a year before, but declined to around $2.5 billion last month.

LooksRare platform that has quickly become the leading NFT marketplace by trading volume shows that most of the activity is actually users selling tokens to themselves to help earn rewards in the form of more coins. The platform was launched in January by two anonymous co-founders — who go by Zodd and Guts — as an alternative to market leader OpenSea during the height of the NFT boom. The site had planned to add new features to lure NFT enthusiasts, according to a blog post at the time. Almost all of those initiatives have focused on the incentive program built around the Looks token awarded to active users of the platform. About $18 billion of the trading volume on the platform, or about 95% of the total activity, can be attributed to what’s often referred to as wash sales, according to data compiled by NFT tracker CryptoSlam. The transactions are seen as one of the many gray areas in crypto when it comes to regulation. In this case, the sales are done to win new tokens rather than to pump up nonfungible token prices to lure unsuspecting buyers. The marketplace benefits from the fees generated by each transaction.

MakeMyTrip on Monday announced to foray into the world of non-fungible tokens (NFTs) to celebrate the popular as well as unexplored travel landscapes in the country. The first batch of these digitally-crafted artworks cover the majestic landscapes of Goa, Ladakh, Orissa, Himachal, Kashmir, Kerala, Meghalaya, Rajasthan and Andamans. MakeMyTrip said it will pass on all proceeds from the sale of these NFTs to promote sustainable tourism in the country.

NFT) vending machine in New York City, aiming to make online art pieces as easily available as soda or a candy bar. The twist? You have no idea what piece of digital art you might purchase. «It's the crypto curious, the people who tried to buy cryptocurrency or they were interested in buying an NFT, but they just hit too many barriers,» Neon CEO Kyle Zappitell said in an interview with Reuters, of the vending machine's target customer.

Pankaj Advani has joined the bandwagon of celebrities encashing the newfound interest in non-fungible tokens (NFT). Advani has signed an agreement with Asia’s largest licensed NFT marketplace Colexion.

Nor would Sotheby's founder Samuel Baker, auctioning hundreds of rare books for about $1,000 in 1744, have envisioned selling a copy of the original source code for the web, as a non-fungible token (NFT), for north of $5 million. Times change.

The latest fund raising came a little over a year after its last round, as the company saw fast growth in monthly active users and crossed $144 million in transaction volume on the platform. It also marks Vision Fund 2's first investment in a company that issues its own cryptocurrency.The Sandbox, majority-owned by blockchain gaming developer Animoca Brands, allows players to build, own, and monetize their virtual gaming experiences on the Ethereum blockchain.

WWE has inked a deal with Blockchain Creative Labs to launch an NFT marketplace soon. It is an exclusive multi-year agreement for licensed digital WWE tokens and collectibles.

Polygon has announced an investment in Colexion, Asia’s biggest NFTs marketplace. Polygon is one of the leading platforms for Ethereum scaling and digital infrastructure development.