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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.
Algorand Foundation Launches $300M DeFi Innovation Fund
The Algorand Foundation has launched a 150 million ALGO (US$300 million) fund to support innovation in decentralized finance (DeFi) applications such as exchanges, money markets and NFT platforms on the Algorand network. “The Hash” squad discusses the details and implications for the larger DeFi landscape.
Miami Art Festival Sells VIP Tickets as NFTs
SCOPE, one of Miami’s largest art fairs, claims to be the first festival to sell tickets as NFTs. Can form meet function?
Crypto.com CEO on Striking Lucrative Multi-year Sponsorship Deal With Paris Saint-Germain
European soccer giant Paris Saint-Germain (PSG) named crypto exchange Crypto.com as its official cryptocurrency platform partner. Crypto.com CEO Kris Marszalek shares insights into the details and implications of the agreement, which will include issuing exclusive PSG-branded NFTs. Plus, reactions to Coinbase potentially facing a SEC investigation over its crypto yield product.
Cardano Smart Contracts Set for Sunday, CrossTower Launches in India
Cardano prepares for smart contract deployment on Sunday. CrossTower launches crypto trading platform in India. Animoca’s blockchain gaming platform The Sandbox launches Pororo The Little Penguin NFTs. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
The New Yorker Auctions Off NFT Cover for Sept. 11 Anniversary
Proceeds from the sale on the WAX blockchain will be donated to a nonprofit focused on community service.
Market Wrap: Bitcoin Returns Above $46K; ‘Bored Apes’ Fetch $24M
Some analysts see a temporary retracement for bitcoin and expect buyers to step in.
NFT Trading Volume Plummets but Analysts Say NFT Craze Is Far From Over
Daily trading volume on the top NFT marketplace has dropped by more than 80% over the past month.
Fractionalized NFTs Get Funding Boost as SZNS Raises $4M From Framework, Dragonfly
As PleasrDAO and Paperclip grab headlines, a new service is aiming to popularize DAO-governed NFT collecting and investing.
