If you want to buy and sell non-fungible tokens (cryptographic tokens representing something distinctive), have you looked at the [Crypto.com](https://crypto.com/) NFT marketplace? Given the popularity of the search term 'crypto com NFT', it seems many have.

In contrast to bitcoin and other cryptocurrencies, it does not represent an interchangeable commodity. Therefore, unlike money, you cannot part with an NFT and replace it with something of equal value later. The main use of NFTs is within the digital art world.

While digital art can be copied by duplicating the file, NFTs put an end to that by encrypting the digital source of artwork with blockchain, preserving its origin. Consequently, the person in ownership of an artwork's NFT holds the 'original' piece and affords a value to the art beyond what you might expect from a computer file.

NFTs are sold to other collectors for as much as they are prepared to pay. The boom in popularity of NFTs over the past year has seen many marketplaces spring up that offer NFT trading services. The Crypto.com NFT Marketplace is one.

The marketplace contains several NFTs to buy, ranging from art and gaming to sports and music. Each NFT is either listed at a fixed price or through a traditional auction, offering flexibility for buyers and sellers. Due to a large amount of art NFTs on the marketplace, Crypto.com allows users to filter through by blockchain, price, listing date, likes, and views.

NFTs can be purchased on the marketplace using a credit or debit card, unlike other NFT marketplaces that require crypto to facilitate payments. The platform will now offer Ethereum-based NFTs, further expanding the potential universe of assets.

Crypto.com does not charge any fees to the buyer when an NFT purchase is made. In contrast, other NFT marketplaces charge a commission when making a purchase. Furthermore, the Crypto.com DeFi wallet also supports NFTs, and allows users to purchase NFTs using FIAT currency. Selling NFTs on Crypto.com costs a fee of 1.99% per NFT, and applies to the initial sale of the NFT to incentivize more creators to join their platform. 

This fee structure works well for those regularly buying and selling NFTs. In the long term, it could save them significant amounts.

Since the Crypto.com NFT Marketplace launched in September 2021, they have onboarded over 10,000 creators and built a 46K-strong following on their Twitter page and a growing Discord community.

More [NFT news](/news/category/nft-news).
 
 



Crypto.com NFT Marketplace in Focus

Founded in 2000, LimeWire was a peer-to-peer (P2P) file-sharing program that enabled its customers to download and upload files through their laptop/computer desktop software.

It evolved to become one of the most recognized file-sharing programs worldwide. The software was downloaded on 18% of all active desktops. The software was operational on systems that had Windows, macOS, Solaris, or Linux installed.

## How was LimeWire Used?

LimeWire was based on Gnutella, a network protocol enabling individual machines to function with each other. Using the software, users were allowed to download and upload a diverse number of file formats, comprising MP3 (for music), AVI/MPEG (video), JPG (images), and more.

Initially, the end-user had to install the software through its website or any third-party website (for example, CNET) to operate LimeWire. Then the user could proceed and open the file that launches the Installer Wizard. After installing the software, the user had to choose the local folder where they wanted to save the LimeWire files. Finally, the software would ask for user permission to bypass any firewall software.

Once the software is completely downloaded and launched on the desktop, users can download any file they need for their computer.

LimeWire was operational in its free version. If users want to boost download speeds and search results, and access tech support, they could upgrade to LimeWire Pro for an annual fee of $21.95. 

LimeWire was eventually closed down in October 2010 after a long-lasting legal battle with the Recording Industry Association of America (RIA+A).

## LimeWire - May Relaunch

The peer-to-peer file-sharing software LimeWire is relaunching as a music-centered [NFT ](/news/category/nft-news) marketplace.

The LimeWire website was taken over by Austrian brothers Paul and Julian Zehetmayr. They plan to enter the market for digital collectibles with an emphasis on entertainment content, music, and art.

With the relaunch of the renowned platform, followers and collectors will be able to purchase and barter items, for example, pre-release music, limited editions, demos, exclusive live performances, album artwork, and digital merchandise. The relaunched platform will also reportedly hit up to payment alternatives for NFTs, which are generally restricted to cryptocurrency, to authorize payment by credit cards.

The new platform, LimeWire GmbH, will reportedly present musicians with the opportunity to increase their revenue from their music than they would make on other mediums such as Spotify or Apple Music.

In May 2022, the launch is assigned to go forth with 10 recognized musicians supposedly already involved (they remain unnamed). After big names like H.E.R. and Wu-Tang Clan, members of the administration teams will also be entering the startup's boards as counselors this year.

It will be intriguing to witness how the upcoming version of LimeWire fares.




LimeWire Could Return with NFT Focus 

Who could possibly deny that 2021 was _the_ year for cryptocurrencies? Looking back on the market’s recent achievements, we see a pattern of events that are nothing short of remarkable.  Despite it being the _same_ year that the Chinese government took steps to effectively _ban_ cryptocurrencies across the board, digital assets still had enough momentum to go on an absolute tear last year.

It was the year that major players in the banking sector adopted cryptocurrencies as an offering to their institutional investors, and mainstream society finally decided to buy in.  There were also newcomers that added fuel to the market’s acceleration - NFTs (non-fungible tokens) took the arts and entertainment worlds by storm, _and_ society was introduced to the metaverse once Facebook announced that they would be rebranding as “Meta.”

As we enter another year that’s expected to be just as eventful as the last, the lexicon of cryptocurrency is evolving rapidly.  Below are the marquee “buzzwords” that every investor should take the time to understand before investing in the modern cryptocurrency market:

## Buzzwords

**Blockchain**: Ultimately, a blockchain is a decentralized ledger of all the transactions that happen across a peer-to-peer network.  It is a digital ledger that can store data of _any_ kind, including information about cryptocurrency transactions. 

These digital ledgers are essentially a chain consisting of individual “blocks” of data.  As new data gets added to the network, a new “block” gets created and is then connected to the “chain.  The cool thing about using blockchain technology is that all the transactions can be confirmed _without_ the involvement of a central clearing entity or “middleman.” 

**Metaverse**: Think [Roblox](https://www.roblox.com/) and [Fortnite](https://www.epicgames.com/fortnite/en-US/home) – the metaverse is a virtual world.  It is a broadly dispersed, interoperable network of 3D worlds that users can experience simultaneously for maximum social connection.  The metaverse is powered by a wide array of technologies, including cloud computing, infrastructure, user-generated content, and hardware. 

Over the past three years, mega-forces like Google, Apple, and Amazon have invested billions on the creation of the metaverse meaning expectations for the metaverse are incredibly high.

**DeFi**: Here we have the operational _core_ of the cryptocurrency phenomenon.  DeFi is an acronym for _decentralized finance_.  It’s hard to accurately define a $100 billion financial technology that is anticipated to bring down Big Finance and all those traditional, money-hungry bankers, but by using [smart contracts](https://www.investopedia.com/terms/s/smart-contracts.asp) that operate using DeFi technology, it is precisely what DeFi is being developed to achieve.

**dApps**: _Decentralized Applications_ are like any digital app you might find on a smartphone or laptop, with the bonus of employing blockchain technology to prevent users’ data from falling into the hands of the company who is behind the app.  For example, cryptocurrency is decentralized money, and dApps are decentralized applications.

**NFT (Non-fungible Tokens)**: The Christie's auction house sold perhaps the most well-known NFT in 2021 - just a [smattering of images](https://www.christies.com/features/Monumental-collage-by-Beeple-is-first-purely-digital-artwork-NFT-to-come-to-auction-11510-7.aspx) done by a digital artist known as _Beeple_…that brought in nearly $70 million. 

NFTs burst onto the stage in 2021 and they rightfully demand our attention.  In the simplest terms, Non-fungible tokens are pieces of digital content that are linked to the blockchain, the same technologies that power cryptocurrencies like [Bitcoin](/coins/btc) and [Ethereum](/coins/eth).  NFTs are entirely unique and not interchangeable, which means that no two NFTs are alike.

This list is by no means exhaustive, but as Bitcoin and cryptocurrencies continue being adopted by mainstream society, the above terms will grow increasingly more important as more traditional investors dip their toes into the cryptocurrency market.

Core Crypto-Terms Investors Need to Know in 2022

Nike has [announced](https://news.nike.com/news/nike-acquires-rtfkt) that the acquisition of RTFKT, a leading brand that merges culture and gaming, on their website. RTFKT is a company that creates virtual shoes and NFTs (non-fungible tokens) for the gaming industry.

With this acquisition, Nike looks to expand their customer base to include gamers and digital content creators. The RTFKT team will continue to work on developing new products and services for Nike, with an aim to incorporate the RTFKT shoe 3D scanning technology into their products.

## What is RTFKT?

RTFKT was founded in 2020 by Benoit Pagotto, Chris Le and Steven Vasilev. Their main product is a virtual shoe that can be used during workouts or just for fun to play games with.

President and CEO of Nike Inc, John Donahoe said; “This acquisition is another step that accelerates Nike’s digital transformation and allows us to serve athletes and creators at the intersection of sport, creativity, gaming, and culture".

 “We’re acquiring a very talented team of creators with an authentic and connected brand. Our plan is to invest in the RTFKT brand, serve and grow their innovative and creative community and extend Nike’s digital footprint and capabilities.”  

“This is a unique opportunity to build the RTFKT brand and we are excited to benefit from Nike’s foundational strength and expertise to build the communities we love,” says Benoit Pagotto, one of RTFKT’s co-founders.

With this move, Nike looks to expand its digital footprint and capitalise on the growing trend of immersive content.


Nike acquires virtual shoe and NFT maker, RTFKT

McLaren Racing have announced that they are launching their first collection of digital art NFTs on the Tezos blockchain. The collection enables buyers to build their own digital MCL35M Formula One car by purchasing parts of the popular F1 car.

You can unlock your first part of the MCL35M for free when you register through the collections website.

## McLaren and Tezos Partner 

The first collection drop will include 22 digital components, and aims to serve a global community of collectors and fans.

The McLaren Racing team's Official Technical Partner, Tezos, are collaborating with McLaren to create the NFTs. Launching on the Tezos blockchain will ensure energy-efficiency for collectors.

According to the McLaren [website](https://www.mclaren.com/racing/partners/tezos/mclaren-racing-creates-mclaren-racing-collective/), the first collector to complete a full MCL35M digital F1 car will be rewarded with a VIP race weekend experience next year. The initiative hopes to drive long-term engagement with fans.



McLaren Racing Team Launch NFTs

Rolls- Royce have confirmed that they are commissioning a one-off NFT. The Black Badge NFT will be based on the new Ghost car which is shown in the digital animation. However, this has not been officially confirmed by the company.

Black Badge is Rolls- Royce's top of the line offering that allows customisation of their bespoke collective cars. The company found inspiration from company's such as COMME des GARCONS for the Black Badge offering.

## 'Proudly Practice Self-Expression'

Rolls-Royce Chief Executive, Torsten Muller-Otvos says "Black Badge is an attitude that represents an authentic and confident response to the desires of a new group of clients who proudly practice bold self-expression".

The artist behind the NFT is [Mason London](https://masonlondon.com/videoandanimation). Mason London is a freelance designer, illustrator and animator based in London. Mason London has done previous work for the likes of Nike, Wiley and Adidas.

The NFT is said to debut on the 28th of October.

More [NFT news](/news/category/nft-news).


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