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Ordinal Inscription Collections on Bitcoin Blockchain Grow as Creators Monetize Art

Ordinal Inscription Collections on Bitcoin Blockchain Grow as Creators Monetize ArtWith more than 150,000 Ordinal inscriptions on the Bitcoin blockchain, there are now numerous collections as creators and artists have found a new way to monetize their artworks via blockchain technology. In the past month, people have launched collections such as Ordinal Punks, Ordinal Penguins, Bitcoin Shrooms, Inscribed Pepe, Planetary Ordinals, Based Apes, Satoshi Punks, […]

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Nearly $13 Billion in Sales: Breaking Down 5 NFT Collections by Sales Volume 

Nearly  Billion in Sales: Breaking Down 5 NFT Collections by Sales Volume Non-fungible token (NFT) assets have existed since at least 2014, but interest in them began to rise in January 2021, according to Google Trends data. Approximately one year later, the search term “NFT” reached its highest score on Google Trends. During that time the top five NFT collections, in terms of all-time sales volume, have […]

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Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates $53K in 24-Hour Sales

Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates K in 24-Hour SalesFollowing the launch of Donald Trump’s non-fungible token (NFT) card collection, winners of the Trump-themed prizes are selling prize NFTs on secondary NFT marketplaces such as Opensea. The Polygon-minted NFTs act as passes for a one-on-one Zoom meeting with the 45th president of the United States and a gala dinner with Trump. During the past […]

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UN chooses NFT marketplace host in efforts to fight climate change

The United Nations has previously said it was exploring the uses of blockchain technology in the fight against climate change and to help reach a more sustainable global economy.

The United Nations has selected blockchain platform Unique Network to run a nonfungible token (NFT) initiative in the effort to inspire others to take action against climate change.

According to a Tuesday announcement, Unique will be the lead technology partner for a program from the UN’s Human Settlement Programme and International Association for the Advancement of Innovative Approaches to Global Challenges, which will mint young artists’ work as NFTs. The program, called Digital Art for Climate Action Empowerment, or DigitalArt4Climate, encourages creators to showcase artwork inspiring people to work toward finding better solutions for the environment.

“The United Nations has recognized NFT technology as a unique new medium for creative expression that can help amplify messages about climate action,” said the group. “The U.N. wants to bring this innovative art form to the next generation of creators who stand to benefit from a technology that can help them amplify and monetize their work.”

A parachain project in the Kusama and Polkadot ecosystem, Unique will create and host an NFT marketplace for the initiative. According to the UN programs, developers competed in a virtual hackathon last month to create the digital art gallery and marketplace showcasing the DigitalArt4Climate artwork. The project will open for contributions starting on Aug. 12.

Related: UN sees blockchain technology as tool to fight climate crisis

The United Nations has previously said it was exploring the uses of blockchain technology in the fight against climate change and to help reach a more sustainable global economy. Though the group has seemingly never been directly involved in encouraging the development of NFTs, at least one member of the UN Global Compact has. Earlier this month, NFT and blockchain gaming platform Enjin said it would be exploring ways to use NFTs to promote sustainability and equality.

Companies’ positions on the environment are seemingly becoming more of a concern for investors and users as the effects of climate change seem to be escalating. The UN listed 17 goals on sustainable development it hopes to have achieved by 2030, including reducing inequality, providing quality education, and encouraging responsible consumption and production.

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