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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."
Coinbase Follows FTX.US Into NFT Trading
The exchange’s marketplace will support Ethereum-based NFTs and comes a day after the release of an NFT marketplace from rival exchange FTX.US.
Disney, Electronic Arts, Robinhood, WWE to Benefit Most From NFTs, Citi Says
The bank outlines winners and losers from NFTs in its latest “Disruptive Innovations” report.
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.
Soccer NFT Platform Sorare Is Being Investigated by UK Gambling Regulator
The United Kingdom Gambling Commission wrote that Sorare may have to register as a licensed gambling operator.
The Financialization of NFTs Raises Regulatory Issues
A “fantasy startup investing” platform lasted just one day in open beta, but in the process, it proved that the financialization of NFTs may be problematic.
FTX.US Launches Collectibles Arm in Boost to Solana-Based NFTs
The exchange will allow users to trade, mint, auction and authenticate Solana NFTs. Plans to support Ethereum NFTs are in the works.
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.”
NFT Rentals: Why VCs Are Backing a Puzzling New Project
Animoca Brands is leading a $1.5 million bet on reNFT, a year-old DAO that lets you rent out NFTs on the Ethereum mainnet.
