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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.
Sotheby’s Auction of 101 Bored Ape NFTs Fetches $24M, Smashing Estimates
The eight-figure price implies an average sale of $241,515 per NFT.
Korea Crypto Damage Assessed, Initium’s News-Based NFTs Sells Out
South Korea’s crypto regulation damage is assessed. Initium media’s news-based NFT collection sells out. China’s Bitmain seals crypto mining deal with ISW Holdings. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Do NFTs’ Crazy Valuations Make Them Art? A Leading Collector Says No
The cultural cachet that makes fine art such a good investment will take years to build up around NFTs.
La Liga Becomes First Top Soccer League to Offer NFTs of All Players
Fans will be able to trade and play fantasy tournaments with NFTs representing players from the top 20 clubs in Spain.
SOL Tops $200 as Google Search Data Shows Peak Retail Interest
Retail investors have a reputation for being the last entrants in a bull run.
Loot Parody Projects Raise $1M for Charity
As text-based NFT mania grows increasingly absurd, two developers are poking fun at the trend with drops that raise money for a good cause.
Doja Cat Releases NFT Collection With OneOf Marketplace
The multi-platinum recording artist is bringing digital collectibles to her fans on the Tezos blockchain.
MetaMask Surpasses 10 Million MAUs, Becomes World’s Leading Non-Custodial Crypto Wallet
Lex Sokolin, Global Fintech co-head of leading Ethereum software company ConsenSys, discusses what’s behind the huge growth of user activity in MetaMask, which now has more than 10 million monthly active users (MAUs) and positions itself as the leading non-custodial wallet by users globally. Plus, his take on the outlook for NFTs, Ethereum, and Solana.
Green NFT Platform ‘OneOf’ Partners With Coinbase, Doja Cat
OneOf, a “green” music-focused non-fungible token (NFT) platform on the Tezos blockchain, released the first drop of rapper/singer Doja Cat’s genesis NFT collection, “Planet Doja” Wednesday. OneOf has also partnered with Coinbase to allow fans to purchase Doja NFTs with credit cards in addition to cryptocurrencies.
