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IT4nextgen > Tech Trends > Top NFT News You Need to Know

Top NFT News You Need to Know

Last Updated April 10, 2024 By Subhash D Leave a Comment

As the world of non-fungible tokens (NFTs) continues to gain momentum, this year promises to be an exciting year for NFT enthusiasts and investors alike. NFTs, which are unique digital assets that can represent ownership of digital or physical items, have been making headlines and disrupting various industries, from art and gaming to collectibles and real estate. With the increasing adoption of blockchain technology and the growing interest in NFTs as a form of digital ownership, there are several top news and trends expected to shape the NFT landscape in 2024.

In this article, we will explore some of the anticipated top news for NFTs in 2024. If you need to explore NFT-related articles, follow this guide https://hodl.fm/category/nft/ . From technological advancements to regulatory developments, emerging use cases, and notable collaborations, the NFT space is poised for significant developments that could impact the future of digital ownership and creativity. Let’s dive into the exciting world of NFTs and take a glimpse into what the future might hold for this rapidly evolving industry in 2023.

Top NFT news

1. Donald Trump’s 2nd Batch

In 2023, former President Donald Trump released a second batch of digital trading cards as non-fungible tokens (NFTs), following the success of his initial NFT launch in December 2022. The second batch consists of 47,000 NFTs on the Ethereum sidechain network Polygon, priced at $99 each, with 1,000 NFTs held back by the creator. Trump has promoted the NFTs on his social media platform Truth Social, claiming that he is keeping the price the same despite their higher market value.

However, data from the OpenSea exchange shows that the secondary market price for the initial Series 1 Trump NFTs has sharply fallen to 0.17 ETH ($355), a decrease of over 50% in just a few hours, as a result of the introduction of the second batch. Trump’s initial NFT launch was criticized for being a money grab and having poor artwork, but it sold out quickly, and prices rose initially before subsiding in demand.

2. NFTs in healthcare

Non-fungible tokens (NFTs) have the potential to revolutionize the healthcare industry by empowering patients to manage and monetize their own health data. Currently, over $1.2 billion worth of clinical documentation is created annually in the US, but a large portion of this data is unstructured and vulnerable to abuse and theft. NFTs can act as a de-identified and patient-controlled version of medical records, allowing patients to have strict control over who can access and use their data. Patients can also earn royalties every time their data is utilized by granting permission through NFTs.

Furthermore, NFTs can incentivize patient participation in studies and clinical trials, as patients can directly benefit from sharing their data through a digital marketplace. Blockchain-based NFTs can also improve the supply chain of blood banks by providing traceability and transparency in the donation process, allowing for efficient distribution of blood to areas in need. NFTs can also aid in the fight against fake medicines by creating immutable records on the blockchain, reducing fraud, and expediting verification processes.

3. STARSPACE NFT Marketplace is Set to Launch on Aptos

Aptos is a new, independent project that aims to deliver the safest and most production-ready Layer 1 blockchain in the world. It is founded by a team that includes the original creators, researchers, designers, and builders of Diem, a blockchain built for the same purpose.

Aptos has a strong focus on innovation and collaboration, as seen through its partnerships with various NFT projects, including STARSPACE for its launchpad and Shotgun for its in-game assets, NFTs, and weapons. Aptos has also established Bluemove as the top marketplace on its platform, with popular collections like BigFoot Town, Blue Eye, and Wagmi Whales.

Aptos has gained significant traction, with its native token APT currently trading at $13.03, up 6.83% in 24 hours, and a market cap of over $2.3 billion. The project aims to empower creators, unlock untapped potential in the NFT industry, and provide a safe and reliable blockchain platform for users.

Conclusion

In conclusion, these top 3 news are just the cherry on the cake for NFT markets, there’s a lot more to happen since people are shifting towards cryptocurrency and gradually increasing interest in NFTs. The best part is that celebrities are creating hype by releasing their limited edition NFT collections, which are working like a booster to this all-new crypto sector.

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Filed Under: Tech Trends

About Subhash D

A tech-enthusiast, Subhash is a Graduate Engineer and Microsoft Certified Systems Engineer. Founder of it4nextgen, he has spent more than 20 years in the IT industry.

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