Meta smells money in the NFT craze
Although NFTs are much derided for their speculative value and lack of security , these assets will become more significant if existing tech giants choose to support them.
An NFT is, at heart, a way to claim ownership of a digital item like a JPG or a GIF via a unique address on the blockchain. And despite claims that these assets embody a decentralized forms of ownership, their legitimacy rests upon recognition from existing online platforms.
For Meta, embracing NFTs could also help it wield greater influence in what the company has labelled the metaverse — a nebulous concept of interconnected virtual worlds, similar to promises of VR universes floated in the 1990s and before. That could potentially boost the value and importance of NFTs while simultaneously centralizing control over the assets.Subscribe to get the best Verge-approved tech deals of the week.
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.
Exploring Blockchain, Crypto and NFTs with Venly CMO Yan Ketelers | HackerNoonIn this AMA slogging thread, Yan Ketelers, the CMO of Venly, joined us, and we got the chance to ask him about blockchain, cryptocurrency, gaming, and NFTs.
Read more »
Moviegoers Will Inspire New Growth in the NFT Collectibles Market | HackerNoonNFTs provide access to a strong community where members share the same vision and long-term approach towards NFTs. This is one main reason why NFTs caught fire so quickly.
Read more »
Walmart Might Be Planning to Sell Cryptocurrency and NFTs — Best LifeIf you never thought of Walmart on the cutting edge of innovation, think again: The retailer seems set to sell cryptocurrency and NFTs.
Read more »
NFT platform Autograph raises $170 million in Series B fundingAutograph launched in April of 2021 to allow celebrities in sports, popular culture, fashion and entertainment to sell NFTs.
Read more »
Coinbase will let you pay with Mastercard in its upcoming NFT marketplaceCoinbase hopes this will make NFTs more accessible.
Read more »
OpenSea Acquires Dharma Labs to Explore Fiat for NFTsIndustry-leading nonfungible token (NFT) marketplace OpenSea has announced that bought Dharma Labs, a crypto wallet and payments provider.
Read more »