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    Non Fungible Token (NFT) – Recent Developments

    By Ammar Mukhtar

    May 19,2022

    10:24 AM UTC

    Even though the NFT market has dropped but the good news is still coming out in case of mass adoption.  According to the data, the sales have dropped down flat. Here are some important news and developments in the market that you should know about.

    • In a first, a Singaporean individual has obtained a court order prohibiting the sale or transfer of a non-fungible token (NFT) that he previously owned.
    • DeviantArt is making its tool for spotting plagiarized crypto art available to artists outside of the network. Users can contribute artwork to Protect and have it matched against images of non-fungible tokens (or NFTs) generated on one of the multiple public blockchains. They’ll get a warning if an identical or nearly the same match is found, and they’ll be able to issue takedown requests to big NFT markets like OpenSea.
    • Robinhood will release a standalone app that will allow users to store their own cryptocurrencies and NFTs, pitting them against Coinbase. The self-custody wallets will also help the company expand internationally.
    • Web3-based digital music-sharing platforms are making a comeback. LimeWire, which unveiled its own Algorand-based marketplace in March, revealed today that it has signed big label Universal Music Group to its platform, just days after rumors leaked that Napster would return in the form of an NFT marketplace on Algorand.

    NFTs to Watch

    Even though we have seen the price of the NFTs drop significantly in the past month there are a number of them that can still be of importance. Following are a few collections that might interest you.

    I Like You, You’re Weird, is a community-driven project with an emphasis on propelling civil rights and ecological causes, is coming to the free play-and-own universe of Blankos Block Party, a multiplayer game distributed by cutting edge tech studio Mythical Games. The mint cost is between 0.075 ETH and 0.25 ETH.

    Crypto Campus is an assortment of only 350 pixel-craftsmanship NFTs displayed after milestones from famous Universities. The undertaking is a cooperative, understudy drove exertion between college blockchain clubs country-wide. The mint cost is 0.06 ETH.

    WGMI Interface: While this NFT project hasn’t delivered mint cost or delivery date, it’s gotten some momentum on Twitter and Discord. Its Twitter has around 200,000 adherents, and with an assortment of only 10,000, it’s probably going to sell out.

    Shoes Heads are an assortment of 8,888 NFTs planned by genuine shoe planner Ali Dawood. The assortment will comprise modern blends of renowned craftsman’s countenances combined with existing coach plans. Given the staggering frenzy and great work of art, Sneaker Heads may very well be the following blue chip in the NFT space.

    Imaginary Ones is a lively 3D craftsmanship project with an initial drop of 8,888 novels NFTs on the Ethereum organization. The collection has confidence in utilizing workmanship to spread inspiration, love, and imagination. With a Twitter following of more than 450,000 devotees, Imaginary Ones is certainly an undertaking to watch.

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