IN BRIEF NFT LegenD is the biggest consumer of gas on Ethereum. Bots may be manipulating the NFT auctions. Gas prices have spiked to their highest levels since May. Non-fungible token (NFT) marketplace NFT Legend has been a hive of activity recently, with auctions and sales pushing gas prices higher. However, it appears that there may… Continue reading NFT LegenD Marketplace Bots Could be Affecting Auctions
The new technology is raising questions about the risks and rewards of investing in digital art forms. By Paul SullivanJuly 23, 2021, 9:00 a.m. ET The British artist Damien Hirst, best known for putting a shark in a tank of formaldehyde, has gotten on the NFT bandwagon. NFTs, or nonfungible tokens, rely on blockchain technology to designate… Continue reading A Painting or an NFT of It: Which Will Be More Valuable?
“Doge,” the image of an excited-looking Shiba Inu considered one of the internet’s most iconic and renown memes, has sold as a nonfungible token, or NFT, for $4 million, making it the most expensive meme NFT of all time. On Friday, the auction winner, @pleasrdao, placed a willing bid of 1,696.9 of the cryptocurrency Ethereum,… Continue reading Iconic ‘Doge’ meme NFT breaks record, selling for $4 million