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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.
Ant Group Says NFTs Are Not Cryptocurrencies After Digital Artwork Sells Out
Ant Group highlighted the differences between NFTs and cryptocurrency after its successful sales of digital art.
Warhol, Dali Collection Immortalized Again as NFTs
Binance's non-fungible token (NFT) marketplace launches Thursday with Andy Warhol's "Three Self-Portraits" and Salvador Dali's "Divine Comedy: rebeget" collections. The marketplace will run primarily on the Binance smart chain but will also connect to Ethereum. "The Hash" team explores the launch and the state of NFT markets.
Rarible Raises Over $14M in Series A Funding Round
Open marketplace Rarible has raised over $14 million in a Series A funding round led by Venrock and CoinFund. Funding will go towards building a community-owned blockchain-based non-fungible token (NFT) marketplace on the Flow blockchain. Rarible Co-founder and CEO Alexei Falin discusses the upcoming launch, also commenting on the state of the NFT markets.
South Korea’s Upbit Sued for Patent Violation, Alipay Launches NFT Platform
South Korea’s biggest crypto exchange faces a legal challenge over a patent violation. Next, Iranian authorities seize 7,000 crypto mining machines west of Tehran. Finally, payment service behemoth Alipay launches an NFT sales platform. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
NFT Site Rarible to Launch Marketplace on Flow Blockchain Following $14.2M Funding Round
“Rarible is determined to pioneer the next wave,” said CEO Alexei Falin.
Binance NFT Marketplace to Launch With Warhol, Dali Collection
Trading will start 10 a.m. local Singapore time on Thursday.
Roc-a-Fella Records Sues Dame Dash for Trying To Sell Jay-Z’s Debut Album as an NFT
The ongoing beef between Roc-a-Fella Records co-founders Jay-Z and Dame Dash continues into the cryptocurrency space. The record label is suing Dash for allegedly trying to sell Jay-Z’s debut album, “Reasonable Doubt,” as a non-fungible token (NFT). “The Hash” team unpacks the legal battle as part of a larger discussion about ownership and NFTs.
Roc-A-Fella Records Sues Co-Founder for Trying to Sell Jay-Z’s Debut Album as an NFT
The suit alleges that Damon Dash does not own "Reasonable Doubt" so he should not be allowed to sell its copyright.
Dapper Labs Hires Former NFL VP as Marketing Chief; NBA Top Shot Gets New GM
The firm is adding key staff on the heels of a $305 million funding round.
NFTs of Hip-Hop Icons Hit NEAR Blockchain to Mark Juneteenth
Ed Young’s NFT.HipHop will put hip-hop's most iconic faces on the blockchain.
