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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.
Some NFTs Are Probably Illegal. Does the SEC Care?
Commissioner Hester Peirce has words of advice for NFT makers and platforms.
Martin Shkreli’s Wu-Tang Clan Album Now Belongs to a DAO
PleasrDAO, a crypto investment collective, bought the one-of-one album for $4 million in July.
Metaverse Backer Animoca Brands Raises $65M at $2.2B Valuation
The funding round follows the company’s $138.88 million raise announced in July.
Chinese E-Commerce Giant JD.com Reveals NFTs
JD Technology is offering free collectibles to people who sign up for its conference.
Galaxy Digital’s Entertainment Arm Raises $325M Fund for NFT, Gaming Bets
Galaxy Interactive has already showered about $150 million on projects such as Art Blocks.
Lifestyle Queen Martha Stewart Unveils Halloween Theme NFTs
Martha Stewart is unveiling a collection of Halloween-themed NFTs on her e-commerce site featuring images of hand-carved pumpkins and her costumes. "The Hash" group discusses the significance for the lifestyle guru launching her first line of digital collectibles and whether more NFT strategies are likely to emerge.
PsyOptions Raises $3.5M for Options Liquidity Mining and NFT Derivatives
A Solana-based options platform from a pair of twin brothers has raised $3.5 million in an initial funding round.
Sequoia Games Brings Augmented Reality to Board Games Using Algorand Blockchain
The Catan-style game combines a physical board with NFT-backed characters that can be bought and sold between players on Algorand’s blockchain.
Associated Press Launches NFT Collection on Binance Marketplace
The news agency is selling digitized versions of photos and articles.
DraftKings Steps Further Into Crypto With Plans to Become Polygon Validator
The move will allow the sports betting platform to contribute to Polygon’s governance.
