FATF Updates Guidance on Virtual Crypto Assets – NFT, DeFi & Stablecoin’s Standards
FATF issues its annual targeted update on the implementation of its standards on Risk-Based Approach to Virtual Assets
NFT
Non-fungible tokens, or NFTs, are exploding in popularity these days. People are paying big money for these unique collectible cryptocurrency assets.
NFT is a digital asset that represents Internet collectibles like art, music, and games with an authentic certificate created by blockchain technology that underlies Cryptocurrency.
The potential for big money is leading more people to create NFTs in the hope of cashing in on the current craze.
Sharing the usage rights of an NFT is not new. Gaming guilds purchase NFTs that are prohibitively expensive for most players and loan them out in exchange for a portion of the player’s profits.
Metaverse and NFT Market Trends Outlook for 2024
NFTs have a lot of potential in the metaverse. They provide a way to represent ownership of assets, create scarcity, and monetize content
NFT Market Review: Marketplace, Aggregators, Price Performance
NFTs have enabled the possibility of digital ownership and supported the evolution of Web 2.0 to Web 3.0. NFT market have a potential in metaverse
NFT Thefts and Financial Crime. Types of Scams in Non-Fungible Tokens
The prevalence of scammers on online NFT communities remains a key issue for traders and marketplaces, and can result in millions of dollars worth of asset losses with a few seconds
NFT Use Cases: Digital Artwork, Fundraising, Metaverse, Exclusive Membership & Gaming
NFT marketplaces must be proactive in risk management to mitigate these repetitional risks and issues. Sanctions screening solutions are also becoming increasingly essential for NFT-based platforms
Blockchain Technologies for Cryptocurrencies and NFTs. Market Size Forecast by 2025
Blockchain is one of the trending technologies in the world, with the highest number of social media mentions in the Supply chain, Payments, Cryptocurrencies, NFT and Smart Contracts
New NFT Token Standard. How to Make and Mint a Rentable NFT?
A new Ethereum token standard called ERC-4907 reached the final stages of development; one which will allow the user to loan out their non-fungible token (NFT)
Underwriting Crypto Assets: New Forms of Insurance Coverage & Losses
From an underwriting perspective, crypto assets may lead to unexpected losses and opportunities for new forms of insurance coverage
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