Blue chip NFTs fail in their performance, OpenSea enhances theft policy and celebrities called out for promoting NFTs. All that and more in our latest Nifty Newsletter.
Urvit Goel, an executive from Polygon, told Cointelegraph in an interview that NFT games have an advantage over games where players can only put their money in and never get anything in return.
The executive argued that GameFi has a business model advantage over traditional gaming, where users cannot sell their in-game items for money. “We just want to give users the ability to own the content they’re buying,” he said.NFT marketplace OpenSea has expanded its use of police reports to confirm stolen item reports within its platform. According to the firm, this is a way to enhance its platform’s defenses against theft and false reports.
In addition to this, the platform is making it easier to re-enable the buying and selling of recovered NFTs. The NFT platform also said that its team is working to implement other solutions that combat NFT theft. This includes automating theft detection.While carbon credit NFTs are being marketed as a way to use the technology to help the environment, an expert argued that it’s only effective once the NFTs are burned and not traded anymore once the certificate is obtained.
A KlimaDAO core member told Cointelegraph in an interview that when it comes to carbon offsets, it's very important to not neglect the burning of the carbon offset NFT to permanently take the NFT out of circulation so that it can no longer be sold to someone else.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sotheby’s hosts first artist-made jewelry auction, features NFTAuction house Sotheby’s is keeping the element of exclusivity alive with metaverse-friendly art.
Read more »
Amid an NFT market rout, a gold Bored Ape sells for $1.5 millionTrading volume for NFTs has fallen significantly across all major marketplaces in recent months.
Read more »
Most Hyped Cardano NFT Project Adds Snoop Dogg's Son to Its RosterCardano ClayMates officially adds ChampMedici to its team cardanoada cardanofeed cardanocommunity claymates cardanonft $ada
Read more »
PIXXSTASY Is Changing the NFT Market – Press release Bitcoin NewsPRESS RELEASE. PIXXSTASY, a charity project for drug prevention and rehabilitation, is redefining the NFT market. The organization will sell 399 limited
Read more »
'Durmientes' Aims to Be One of the First Films Funded Fully With NFT Sales in Latam – News Bitcoin NewsAbout NFT funding, Gibran Bazan, director of Durmientes, stated: 'Web3 is going to open up a panorama for creators because instead of big companies having the projects, now it's the people.'
Read more »
Meghan Trainor Doesn't Know What 'Manscape' Means in Hilarious Password Sneak Peek - E! OnlineNBC's Password is set to welcome Meghan Trainor as its celebrity guest on Aug. 16, but as this LOL-worthy sneak peek shows, the singer may be in over her head.
Read more »