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What Does the Booming NFT Markets Reveal About Blockchain and DeFi?

John Wu of Ava Labs, which launched the proof-of-stake Avalanche blockchain, discusses his assessment of the booming non-fungible token (NFT) markets. “People sense and see, finally, real use cases… and that’s why there’s a run in the alts,” Wu said, pointing to the benefits of utility on the blockchain, including Ethereum and Avalanche.

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NFT-Focused Topps Abandons Plan to Go Public in SPAC Merger

Legacy trading card company Topps has pulled out of its plan to go public via a merger with a special purpose acquisition company (SPAC) following the loss of its exclusive deal to make baseball cards as non-fungible tokens (NFTs) in partnership with Major League Baseball (MLB) and the MLB Players Association (MLBPA).

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Topps Is Swinging for Baseball Card NFTs Home Run

Topps has been making baseball cards for eight decades, but now they're going digital. The Series 1 NFT Collection will go live on the Wax blockchain later this month. CoinDesk's resident sports expert Zack Seward discusses the MLB's official entrance into the NFT market.

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