What is an NFT and why do they matter? NFT is a term that has been appearing all over social media and the news in the last few months. An NFT is a Non-fungible token, stored on a blockchain, which is essentially a digital ledger. NFTs function similarly to a cryptocurrency like Ethereum or Bitcoin. The major difference between interchangeable tokens like Ethereum and an NFT is that each NFT is uniquely different, hence the word non-fungible. An NFT can be a digital picture, song, file, and much more. Ownership of an NFT does not confer copyright or the ability to use legal action. Instead, it is more of a…
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Mastercard Accepting Crypto Payments
A Look Into Cryptocurrency in The Asia-Pacific Region
On November 8, 2021, Mastercard made an important announcement regarding their payment systems in the Asia-Pacific region. Because of the company’s partnerships with Amber Group, Coinjar, and Bitkub, anyone in the region will now be able to apply for a crypto-linked Mastercard. This will allow users to instantly convert their cryptocurrency into fiat dollars which they can spend wherever you can use a normal card. This doesn’t mean that people will be paying for their purchases in Bitcoin (BTC) or other coins, but instead Mastercard does an instant transfer from crypto to fiat. This allows for buyers to use the card at any merchant that accepts normal cards, which gives…
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Beeple’s NFT collage EVERYDAYS sells for nearly $70M at Christie’s
Digital artist Mike Winkelmann’s art is now more valuable than the likes of Eugene Delacroix, Marcel Duchamp and Francisco Goya
Just having a non-fungible token work on sale at one of the world’s oldest and most prestigious auction houses was a major coup for the crypto-based artform. The work, “EVERYDAYS: THE FIRST 5000 DAYS” was described by Christie’s as Beeple’s “monumental digital collage,” of images of an artwork he posted every day since May 1, 2017.
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A 222-year-old Hamburg-based bank is jumping into crypto headfirst, starting with custody and looking to tokenize assets (Photo: Pixabay)200-year-old German bank launching crypto services
No fusty old institution, Donner & Reuschel announced that it will start with crypt custody and purchases and hopes to move into asset tokenization
The reason given by the bank for the launch of the new products is simple: high market demand. “We have been observing the digital assets market for quite some time and are convinced of the potential of blockchain technology with regard to classic securities transactions,” said a spokesperson.
