NFTs Slide as Markets Continue to Weaken Through Third Quarter

Sales of non-fungible tokens (NFTs) have slumped significantly in the third quarter, in both volume and size, as cryptocurrency markets continue to stagnate into the autumn. Over the third quarter of 2022, total sales of NFTs amounted to $3.4 billion, according to data from decentralized application tracker DappRadar. This represents a...

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How PussyDAO Is Using Solana NFTs to Sell Physical Underwear

In brief PussyDAO is a new Web3 startup that plans to sell Solana-based NFTs that can be redeemed for physical panties and other goods. It was started by Izzy Howell, formerly head of growth at Cypher. Most people today likely first associate NFTs with digital-only items like profile pictures, artwork, and collectibles. But...

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Origin Protocol, Roofstock to buy, sell homes using NFTs on blockchain

Origin Protocol and Roofstock have announced a new marketplace for single-family rental homes that can be bought and sold through non-fungible tokens on a blockchain.The platform, Roofstock onChain, is set up to accommodate payments in USD Coin for digital objects, or NFTs, representing real homes. (USD...

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What is proof-of-stake? A computer scientist explains a new way to make cryptocurrencies, NFTs and metaverse transactions

Proof-of-stake is a mechanism for achieving consensus on a blockchain. Blockchain is a technology that records transactions that can’t be deleted or altered. It’s a decentralized database, or ledger, that is under no one person or organization’s control. Since no one controls the database, consensus mechanisms,...

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As Christie’s allows NFT sales to take place directly on the blockchain – we look again at what NFTs are, and the possibilities they bring

Christie's has announced the launch of 'Christie's 3.0'; an "on-chain auction platform dedicated to exceptional NFT art". Basically, NFT sales at Christie's will now take place directly on the Ethereum blockchain. Users will need to have a digital wallet before setting up a Christie's 3.0 account, which will be used to...

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Citadel’s Ken Griffin says the exodus away from crypto and NFTs is good for the economy

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Ken Griffin, the founder of Miami-based trading firm Citadel Securities, pulled no punches...

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