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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.
First NFT Company Accepted Into UN Global Compact
Membership of the Global Compact requires companies to align their business models with the Ten Principles derived from U.N. declarations on human rights, labor, the environment and anti-corruption.
Georgia to Put Its Wine on the Blockchain
NFTs for the wine and its provenance will be minted and made available on WiV's blockchain-based trading platform.
Rolexes in DeFi? NFT Marketplace 4K Raises $3M to Combine NFTs and Luxury Goods
4K aims to bring NFTs of vault-stored valuables into the world of decentralized finance.
NFT Marketplace OpenSea Valued at $1.5B in $100M Funding Round Led by A16z
The NFT venue has crossed into the rarefied air of crypto unicorns.
Polygon Launches Unit to Grow Blockchain Gaming, NFTs
The Ethereum-scaling project has introduced Polygon Studios to "bridge the gap between Web 2 and Web 3 gaming."
South China Morning Post to Mint Historical Records as NFTs
The SCMP introduced its ARTIFACT standard for recording historical accounts and assets on the blockchain as NFTs.
Alibaba’s E-Commerce Website Taobao to Include NFT Arts in Its Maker Festival
NEAR Protocol is working with Web3Games and Chinese artist Heshan Huang to sell NFT-based “real estate.”
Bitcoin Interest Declines, Rolling Stone Gets Into NFTs
China clampdown hits crypto media aggregator. Bitcoin interest declines. Rolling Stone magazine gets into NFTs. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Blockchain-Based Fantasy Soccer Platform Sorare to Raise $532M in Funding
According to an unconfirmed Business Insider report Wednesday, Paris-based digital soccer collectibles platform Sorare is expected to announce that it will receive $532 million in funding. This would allegedly represent the most significant capital raise in the history of France’s technology sector.
India Seeks Crypto Advice, K-Drama Joins NFT Bandwagon
Indian High Court seeks advice on crypto advertising disclaimers. Hong Kong customs make the first crypto-related money laundering bust. K-drama “Vincenzo” joins the NFT bandwagon. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”