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Crypto Whale Behind $69 Million NFT Sees 'Huge Risk' for Traders

Crypto Whale Behind $69 Million NFT Sees 'Huge Risk' for Traders
wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.

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Some S'pore Bizs Already Accept Crypto Payments, But A Nationwide Adoption Is Still Unlikely

Some S’pore Bizs Already Accept Crypto Payments, But A Nationwide Adoption Is Still Unlikely Jae Chia © Provided by Vulcan Post Some S pore Bizs Already Accept Crypto Payments, But A Nationwide Adoption Is Still Unlikely When bitcoin started in 2009, it was worth practically nothing. Now, more than a decade later, the cryptocurrency industry has gone through several highs and lows, hitting an all-time peak of more than US$61,000 in mid-March. It has also been growing in acceptance amongst mainstream investors and companies. Most recently, a Singapore investor made waves in the art world when he spent a record-breaking US$69 million (S$93 million) worth of cryptocurrency on a digital art piece.

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Tom Brady Is Launching an NFT Platform

Tom Brady Is Launching an NFT Platform
gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.

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Snoop Dogg and Mark Cuban To Judge $1 Million NFT Funding Contest

Snoop Dogg and Mark Cuban To Judge $1 Million NFT Funding Contest Last Updated: 06 April 2021 Venture capital fund, Sound Ventures has unveiled a non-fungible token (NFT) funding contest that features celebrities and prominent industry stakeholders as judges. No less than $1 million would be invested for the most innovative idea. The $1 Million NFT-Themed Shark Tank Style Contest The NFT themed Shark Tank-style contest invites interested individuals to send in their NFT related pitches before the April 12 deadline. The pitch session would then be held by a team of eight judges, who would select a total of 30 finalists to partake in a private live pitch with the judges on April 21, 2021.

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Founder Who Spent $69 Million on Beeple NFT: Buying NFTs Is 'Even Crazier Than Investing in Crypto' – NBC 5 Dallas-Fort Worth

NFTs, or nonfungible tokens, are unique digital assets, including jpegs and video clips, that are represented by code recorded on the blockchain, a decentralized digital ledger that documents transactions. Each NFT can be bought and sold, just like a physical asset, but the blockchain allows for ownership and validity to be tracked. Sundaresan is very supportive of NFTs, but, I don t think NFTs will hold the same kind of hype forever around high-value items, he said. The market will get divided. There will be very few high-value items and an infinite number of very low-valued items. Similarly, Mike Winkelmann, the artist known as Beeple, compared the NFT market to the dotcom bubble. Just as certain companies, like Amazon, survived the eventual bust, and others did not, Winkelmann predicts that parts of the NFT market will thrive while others will wither.

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