This fourth coverage series gather some of the last interesting news published this week about Non-Fungible Tokens. Enjoy your reading.
Much like e-numbers in our food, the technical details surrounding Ethereum’s ERC token standards remain a mystery to the average crypto enthusiast. CryptoCoinews takes a look at the purpose of the ERC-20, ERC-721 and ERC-1155 tokens, and the niggling problems they present.
Non-fungible tokens are an exciting category to look out for. I believe that the best is yet to come with this technology. This does not in any way mean that non-fungible tokens are better or would replace their fungible counterparts.
The ermerging new standarts Crypto-Collectibles have come with new potential to transform capital markets. Block3 discusses the security issues of the Non-Fungible Tokens.
The real use-cases for NFT lie within their distinguishability; think of that rare holographic Charizard or Babe Ruth baseball card. An NFT token can digitize assets that are unique pieces and that token is equally as unique. An NFT token then becomes desirable and unique, as opposed to all ETH and BTC being equal.
The growing company made a step further in the Crypto-Collectibles world with its Coinbase Wallet (previously known as Toshi). New features are available on the app, especially you can store all your ERC-721 Collectibles in a single gallery.
A new blockchain startup is advancing the notion of baseball cards to crypto collectibles. Player Tokens is offering MLBPA-licensed digital keepsakes of major league players.
Baseball inspires blockchain. Lucid Sight Inc., a blockchain gaming company is set to release MLB Crypto Baseball, after agreeing to a licensing deal with Majorl League Baseball, bringing blockchain to America’s pastime. A step further to spread the word about NFT until they become a mass-usable product.
How ERC721 and collectibles can adapt from this?
We are facing a drop in the Non Fungible Token market. Our way of thinking is to sell low quantity NFT with a high quality in every domain so every people will find something interresting for its own.
Alex made a great job by gathering and compiling some original gaming projects on blockchain.