The World Intellectual Property Organization (WIPO) and European Union are exploring a new idea around using NFTs to protect intellectual rights and prevent counterfeiting.
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Most NFTs function right now as digital collectibles, traded on marketplaces like the ever-popular OpenSea.
The site saw $3.4 billion in trading volume in August, 10 times the trade volume in July.
'Flatlining' may not be the order of the day, but there are certainly some significant developments in the NFT market.
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Although valuations in the NFT market have fallen, it seems that it has given way to an exploration of other use cases.
This sudden surge comes just as NFT innovators are beginning to reimagine what it means to engage in online collection or digital ownership.
Soulbound tokens, with their air of myth and legend, have very real applications that could significantly disrupt the finance sector, bringing decentralization to DeFi and creating a whole new way of thinking about society.
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BAYC has 10% of the total market cap of NFTs, this project has been at the center of the conversations about copycats.
Co-Founder of Solana, Anatoly Yakovenko, announced the launch of Saga, an Android Web3-based smartphone and SMS software kit.
Quontic punches above its weight 13 years after launching as a community bank on Long Island, and it recently launched in the metaverse.
Justin Banon's vision is for Boson Protocol to be where all of the world's products and services are listed and searchable, with code-automated commerce and no intermediary hogging fees.