OpenSea gets ready to challenge other NFT marketplaces
OpenSea's non-reciprocal token marketplace is primed to wage war on new marketplaces as the number of competitors grows.
Kirobo, an Israeli company, announced a new mechanism that allows you to bequeath cryptocurrencies and NFTs to your loved ones. A holder of digital assets in the Liquid Vault crypto wallet can assign up to 8 different addresses to which the funds will be transferred after death.
There is probably no one today who would not talk about NFT. Last year alone, the trading volume rose 400 times and exceeded the mark of $13 billion. The trend became a real outbreak for people who wanted to get rich quickly by drawing some staff in Paint. So while they keep attempting to do that, let's try to take a realistic look at NFT and its role in the crypto industry.
Tokens are often associated with cryptocurrencies, assuming they are the same thing. Meanwhile, NFT is so much talked about, but hardly anyone knows what it is and what it is used for. Both tokens and NFTs have their own features, distinguished from cryptocurrencies by their intended purpose. Let's talk more about them.
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