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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.
Blockchain-Based Fantasy Soccer Platform Sorare to Raise $532M in Funding: Report
The NFT company’s valuation could exceed $3.8 billion, according to unnamed sources mentioned in a Business Insider article.
Axie Infinity's AXS Token Up 700% From June Lows
AXS is the governance token of the Axie Infinity platform, an Ethereum-based digital marketplace for the Axie Infinity game.
Nifty’s and Warner Bros. Team Up to Launch ‘Space Jam’ NFTs
A series of non-fungible tokens (NFTs) marking the release of “Space Jam: A New Legacy” is to be launched on the new social platform Niftys.com in partnership with Warner Bros. Nifty’s Chief Legal Officer Olta Andoni discusses the launch as part of Nifty’s mission to be the first-ever NFT-focused social media platform.
ICICI Blocks Crypto Transfers, Korea Banks to Report Crypto Crime
India’s ICICI bank blocks international crypto transfers. Korea says banks must report crypto-related money laundering. Fears over plagiarism hit the NFT world. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Anheuser-Busch InBev Taps Vaynerchuk to Lead Beer Giant's 'Long-Term' NFT Play
The tie-up puts everything from ticketing to merchandise on the table for NFTs from the multinational suds conglomerate.
Damien Hirst's NFT Experiment Explores Burning Question
Buyers of Hirst’s “The Currency” have a year to decide whether to keep the physical artwork or the digital version. One will be burnt.
Korea Crypto Law Applies to Binance, Samsung Next Invests in Nifty’s
The head of Korea’s Financial Services Commission (FSC) says crypto laws apply to Binance. Samsung Next invests in Nifty’s, and in a new series, Forkast News will examine how NFTs could revolutionize the music business. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Soccer's Copa America Trophy to Be Minted as NFT
To commemorate the 47th Copa America, CONMEBOL has partnered with Ethernity Chain to mint the trophy as an NFT.
SEC v. Ripple: Lawsuit Gets Tense While Firm Enters Race for Tokenization
Asheesh Birla, the general manager of RippleNet at Ripple, discusses the impact of Ripple’s ongoing case with the SEC on its business. “We welcome thoughtful, proper regulation, and I think that’s been missing,” Birla said, on the need for more regulatory clarity.
Polygon Puts Up Prize Money for Esports Tournaments on Community Gaming
The layer 2 solution is putting $10,000 behind a crypto gaming platform that uses its tech.
