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NFTs
Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.
Squid Game NFTs Traded on OpenSea; Bitcoin on a Roll
Squid game NFTs are now traded on OpenSea. Also, bitcoin is on a roll and McDonald's China celebrates its anniversary with an NFT collection. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
NFT Rentals: Why VCs Are Backing a Puzzling New Project
Animoca Brands is leading a $1.5 million bet on reNFT, a year-old decentralized autonomous organization (DAO) that lets you rent out NFTs on the Ethereum mainnet. The project is now backed by Lattice Capital, Play Ventures, MetaCartel Ventures and five other VC firms.
Stacks Surges After NFT Push, Samsung Next Invests in Sky Mavis
Stacks surges following push into bitcoin non-fungible token (NFT) market. Samsung Next invests US$152 million in Sky Mavis despite Korean NFT gaming ban. China crypto mining clampdown continues to bite. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Impact Theory CEO on Launching ‘Founder’s Key’ NFT Collection
Tom Bilyeu, co-founder and CEO of Impact Theory, a mission-based content studio, discusses launching its first-ever NFT collection dubbed “Founders Key,” explaining why he decided to dabble into the booming NFT market. “It unlocks the future of everything that we’re doing as a company,” Bilyeu said.
Petition Calls for Korea Crypto Tax Pause, TikTok Jumps Into NFTs
Central and southern Asia is a crypto hotspot. Petition calls for Korea crypto tax pause. TikTok jumps into NFT market. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Gary Vaynerchuk Doodle Outsells Warhol, Pollock, Neel and More at Christie’s Auction
Media mogul Gary Vaynerchuk sold a doodle of an elephant at Christie's for $412,500. "Empathetic Elephant," which outsold works by Andy Warhol, Jackson Pollock, Alice Neel, and more, was part of the basis for Vaynerchuk's VeeFriends NFT collection, a set of tokens tied to animal-themed collectibles on Ethereum. "The Hash" hosts discuss the implications of the sale and what it reveals about the evolving worlds of traditional art and digital collectibles.
Shaq to Release NFT Collection
Four-time NBA champion and serial entrepreneur Shaquille "Shaq" O'Neal is releasing his own NFT collection titled "Shaquille O'Neal: The Eras of Dominance Collection," which will run on the Ethernity chain, an Ethereum layer 2, and will be available for purchase on Oct. 15. O'Neal purchased his first two NFTs last week. "The Hash" squad discusses the latest sports star dabbling into NFTs in an ongoing trend making waves in the crypto industry.