Guides / 114 posts found
How The Hermès Lawsuit Could Determine the Future of Trademark Rights in NFTs
On January 14, French fashion house Hermès International sued artist Mason Rothschild for trademark infringement following the release of MetaBirkins — a collection of 100 NFT Birkin bags covered in faux fur in a range of colors and designs. Actual Hermès Birkin bags are notoriously expensive and difficult to get, making them a top choice for society’s elite. In order to purchase one of these coveted bags, you have to develop a relationship with a sales representative, establish a purchasing history, and demonstrate your appreciation and knowledge of the brand over time. Considering this laundry list of requirements, it’s no […]
The Best Play-to-Earn Games for NFT and Crypto Lovers
Web3 technologies have allowed game developers to offer players a more immersive experience than ever before. With NFT-driven play-to-earn (P2E) games — also known simply as “crypto games” — players can own in-game assets like skins, weapons, digital accessories, characters, and virtual land in the metaverse, and trade these digital assets to earn financial rewards. Thanks to the P2E model, gamers are compensated for their skills and gaming companies are able to attract more players — it’s a win-win. With these innovations, games are more than just a means of entertainment. Here’s everything you need to know about the P2E games […]
What Is a PFP NFT? How Generative Avatar NFTs Are Made
CryptoPunks, Bored Apes, Doodles — these are just a few of the countless influential profile picture (PFP) or, generative avatar projects that live within the continuously growing non-fungible token (NFT) ecosystem. Yet, while PFPs have undoubtedly become the frontrunner of the current NFT market, many people have been left wondering what these PFPs are, and why they exist in the first place. As generative avatar projects continue to grow in popularity, and the debate surrounding whether or not NFTs truly need utility persists, we believe it’s time to shed some light on how PFP NFT collections came to be in […]
Should You Buy An NFT? Should Anyone?
In July of 2021, OpenSea, one of the most popular NFT marketplaces in the world, was valued at $1.5 billion. That staggering number had grown to $13.3 billion in January 2022. And despite the drops that we’ve seen in the market, the demand for NFTs is clearly high. But even though the appetite for crypto art has exploded in the past year and new buyers are entering the ecosystem at an unrelenting pace, the market is rife with skepticism. In many cases of NFT ownership, we’re talking about digital files, after all. How is owning such an NFT any different than […]
PFP NFTs: Every Generative Avatar Project You Need to Know
Profile picture (PFP) non-fungible tokens (NFTs) have come to dominate the NFT ecosystem. As these generative avatar projects became astoundingly popular in 2021, their significance has only continued to increase as the NFT ecosystem has grown. At its core, a PFP NFT is a digital token or artwork that is designed to be displayed as a person’s social media profile picture. Many of the world’s most popular NFT collections, such as Bored Apes and Doodles, are PFPs. PFPs live at the intersection of collectibles and generative art. They’re collectibles in the sense that they usually come in large quantities (10,000 […]
Everything You Need to Know About Crypto and NFT Wallets
You can take a dollar bill, fold it in half, and carry it around in your pocket. Or you can stack all your bills together and store them in a safe. Unfortunately, you can’t do the same with crypto and NFTs. So, before you get started with NFTs, you’ll need something to store your crypto and the digital assets you acquire in the crypto space. This is where crypto wallets come in. In short, a crypto wallet is a physical device or computer program that allows you to store and transfer digital assets. How do crypto wallets work? As you might […]
Scams Explained: What is an NFT Wash Trade? Is It a Crime?
In October 2021, CryptoPunk #9998 sold for 124,457 ETH ($532 million at the time) — or so it seemed. Like any standard NFT transaction, the buyer sent Ether to the CryptoPunk’s smart contract, which transferred it to the seller. Oddly though, the seller then sent the Ether back to the buyer an hour and a half later, along with the CryptoPunk NFT, which was sent back to the original wallet address. The NFT was subsequently offered up for sale again to the market for 250,000 ETH (more than $1 billion). Punk 9998 bought for 124,457.07 ETH ($532,414,877.01 USD) by 0x9b5a5c […]
Everything to Know About the Tezos Blockchain and NFTs
Tezos has become one of the world’s most popular blockchains for non-fungible tokens (NFTs). Wondering why? Just look to the climate for the answers you need. Over the course of 2021, there was a significant increase in concern regarding the environmental impact of NFTs and blockchain technologies. Tezos stands as a far greener alternative. As a result, as the nonfungible ecosystem expanded, the Tezos NFT market substantially increased in popularity. Of course, there are also scaling factors to take into account. Thanks to its fast and cheap transactions, where many other blockchains struggle, Tezos seems to excel. Additionally, Tezos is […]
NFT Licenses: How Can Creators Legally Protect Their IP When They Make NFTs?
Valued at over $99.7 billion by 2021’s end, the global entertainment industry has started to dip its toes into NFTs — today’s newest revenue stream. While the art world is primarily responsible for some of the most expensive NFTs ever sold, the NFT space is still nascent enough that there is plenty of room for household entertainment conglomerates like Warner Bros., Disney, Marvel, DC, and the like to find their place in what many have started to reference as the future of entertainment, or Entertainment 3.0. By leveraging billions of dollars worth of intellectual property, production companies and entertainment studios […]
A Guide to Moonbirds: What Are These PFP Owl NFTs?
In less than a week, Moonbirds catapulted itself smack dab onto the list of the top 10 highest-grossing NFT collections of all time. A generative, large-scale avatar NFT endeavor, the now larger-than-life project shocked the NFT ecosystem, reminding all that NFTs can still be a “blink and you’ll miss it” sort of game. A feat of monumental proportions, Moonbirds seems well on its way to becoming a major competitor in the Bored Ape-run PFP NFT market. So just what is this new collection and how has it possibly grown so large in such a short amount of time? Let’s take a […]