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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.
WWE, Blockchain Creative Labs Ink Deal to Launch NFT Marketplace
The wrestling company will work with Blockchain Creative Labs to create NFTs capturing memorable moments from events such as WrestleMania and SummerSlam.
Paradigm Leads $5M Seed Funding Round for Play-to-Earn Game AI Arena
Developer ArenaX Labs plans to launch the game in early 2022.
Play-to-Earn Game Firm Sipher Raises $6.8M in Seed Round Co-Led by Arrington Capital
The funding will help speed up the development of Sipher’s soon-to-launch World of Sipheria play-to-earn game.
Ant Group, Tencent Change NFT References to ‘Digital Collectibles’: Report
NFTs appear to be facing regulatory heat in China.
The Coming Convergence of NFTs and Artificial Intelligence
Building AI capabilities into the lifecycle of NFTs opens the door to forms of intelligent ownership, says the CEO of IntoTheBlock.
Sino Global Capital Launches $200M Fund Backed by FTX
The fund will focus on Solana and Ethereum projects in Asia and specifically India.
A16z Leads $7.5M Funding Round in NFT Toy Firm OnChain Studios
The company will soon launch Cryptoys, NFT-based interactive digital toys that consumers can buy, play with, collect and sell.
AMEX CEO Says Crypto Is Unlikely a Threat to Traditional Credit Cards
Crypto, though, can make cross-border payments “a lot more seamless,” he said.
