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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.
The9 Launches NFT Platform, Securities and Futures Commission of Hong Kong Issues Crypto Warning
China’s The9 launches NFT platform, Hong Kong’s Securities and Futures Commission (SFC) issues crypto warning, and an Indian teen makes thousands from selling NFT art. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Markets for NFTs Reach All-Time High, But Can It Sustain?
The number of sales on non-fungible token (NFT) marketplace OpenSea has exploded this year, with August’s trading volume exceeding the volume of all previous months in OpenSea history. Head of Product Nate Chastain discusses insights into the growth and outlook for the booming NFT market.
3LAU Raises $16M to Tokenize Music Royalties for Artists and Fans
Crypto-savvy DJ Justin “3LAU” Blau has raised $16 million to launch a music investments platform that aims to give listeners a piece of the wealth generated by songs. The music tokenization platform, Royal, slices up song royalty rights into crypto tokens anyone can buy and trade. "The Hash" squad discusses the latest potential disruption to the traditional record label model as it increasingly collides with the crypto industry.
Budweiser Getting Frothy on NFTs
Budweiser USA has changed its Twitter profile picture to a rocket designed by non-fungible token (NFT) platform Rocket Factory, which was bought for 8 ETH (US$25,000).
Hong Kong Football Team Launches NFTs, Food Concept Offers Crypto Mooncakes
Asia’s first football NFTs come to Hong Kong. Hong Kong-based vegetarian food concept offers crypto mooncakes, and Vogue Singapore launches an NFT cover. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Professor Jailed for Crypto Scam, Cryptopunks Trading Volume Soars
A South Korean professor and presidential campaign advisor jailed over a crypto scam. The Philippines says Axie Infinity earnings are subject to tax, and Cryptopunks' NFT trading volume soars. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Visa Takes First Step Into NFTs With CryptoPunk Purchase for Almost $150K
Visa has bought a female CryptoPunk for around $150,000, taking a step into non-fungible tokens (NFTs) as it seeks to learn more about the burgeoning market. “The Hash” panel discusses the payments technology giant ramping up its experimentation around crypto assets. Could it pave the way for the rise of institutional NFTs?