collectibles

The Fast-Growing NFT Market Is Problematic Yet Promising

In some circumstances, is yield farming with non-fungible tokens (NFTs) another term for wash trading? Yield farming is the process of getting tokens in return for providing crypto assets to fledgling marketplaces. The activity surged this summer starting with decentralized finance (DeFi) money markets like Compound. But now the game has migrated to other markets …

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NFT Digital Art That Changes With Bitcoin Price Volatility Sold for Record $101,000

Matt Kane’s “Right Place & Right Time,” a non-fungible token (NFT) digital artwork that changes every day with the bitcoin price volatility, claims the artist, has been sold for a record 262 ether or $101,100 on blockchain platform Async Art. According to a description of the artwork on Async Art’s website, a new composition for …

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CryptoKitties Creator Debuts NBA Game on Its Own Blockchain

Blockchain meets basketball in the newest game from the developers of CryptoKitties. Dapper Labs’ NBA Top Shot has launched into private beta following the game’s initial product announcement in July 2019. The game is looking to fill a product niche by combining manager-style sports games with digitally scarce goods called non-fungible tokens (NFTs). “Fans can …

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