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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.
Axie Profiting From Booming NFT Economy as Bitcoin Struggles
The boom in the play-to-earn economy comes amid falling yields in the bitcoin and DeFi markets.
CryptoPunks Get Punked
Conceptual artist Ryder Ripps minted his own version of a CryptoPunk and was summarily hit with a copyright notification.
Fashion Redefines Finance: The Logic of Digital Luxury
Success in the new world of finance requires understanding the internet zeitgeist and how media content becomes popular and unpopular, says our columnist.
NFT Sales Climb to $2.47B in First-Half 2021: Report
Sales in Q2 were $1.24 billion, in line with $1.23 billion in Q1.
BT, Trance Trailblazer, Exclusively Debuts his 24-Hour Crypto Artwork to Animated Characters
In CoinDesk’s new animated series ‘NFT All Stars,’ a star studded panel of investors, curators and innovators are joined by music-industry legend BT. In this episode, BT reveals his vision of what owning an NFT should mean and exclusively debuts his 10-months-in-the-making masterpiece, Genesis.json.
Enjin Sells $20M of New EFI Token in CoinList Sale
EFI is the native token of Efinity, a Polkadot-based parachain with a focus on non-fungible tokens.
Animoca Completes Funding Round, Gets an Extra $50M From Coinbase, Samsung
The new capital will be used to fund strategic investments, product development and licenses for popular intellectual property.
Mark Cuban–Backed NFT Marketplace Mintable Raises $13M
The funding will be used to scale the company’s operations and boost its growth and user acquisition initiatives.
SBI Holdings Touts XRP Ledger for NFT Use in the Tokenization of a 'Variety of Assets'
"The blockchain XRP Ledger has the ability to tokenize not only XRP but also a variety of other assets," the company said in its report.
Berners-Lee NFT Sells for $5.4M at Sotheby's
High-end digital collectibles are still fetching large sums.
