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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.
DAO Raises $7M to Acquire and Fractionalize NFT Collections
JennyDAO wants to make rare non-fungibles more accessible for backers big and small.
Decentraland Founder Unveils Project of Bringing NFTs to 'Big-Time' Video Games
Decentraland co-founder Ari Meilich is teaming up with gaming industry heavyweights to launch Big Time Studios. Everyone from Ashton Kutcher to Sam Bankman-Fried is involved in the $10.3 million Series A round of funding.
Rare CryptoPunk NFTs Fetch Almost $17M at Christie's Auction
All nine CryptoPunks are among the first 1,000 NFT minted in the early days of creator Larva Labs.
The Node: What's New Is Old
The Million Dollar Homepage, a phenomenon from 2005, is back. Is crypto as new as it thinks?
Merriam-Webster Auctioning an NFT of Its New Definition of an NFT
Merriam-Webster recently added the NFT (non-fungible token) definition to its dictionary and is now auctioning an NFT on the OpenSea marketplace of an animation of the definition. “The Hash” panel weighs in, speaking to the larger NFT phenomenon.
Ebay Allows Sale of NFTs on Platform
The report comes less than two weeks after CEO Jamie Iannone said eBay was looking at how to get into the NFT market.
Axie Infinity Wins Big Funding Round
Axie Infinity, an online multiplayer game hosted on the Ethereum blockchain, has tens of thousands of monthly active users, and they're all interacting with the blockchain and NFTs. Sky Mavis' co-founder Jeffrey Zirlin joins "First Mover" to discuss the success of Axie Infinity, its recent $7.5M funding round, and how games can provide a more approachable entry point for newcomers to blockchain technology.
Merriam-Webster to Auction an NFT of Its New Definition of an NFT
The auction will take place on NFT marketplace OpenSea with bidding commencing May 11.
Spencer Dinwiddie: Why NBA Players Are Warming to Crypto
Nobody in the NBA knows crypto better than the Brooklyn Nets' point guard. Now he wants to sell you on Calaxy.
Decentralized Domain Names Could Replace Long Wallet Addresses
Long wallet addresses may soon be a thing of the past if Unstoppable Domains has its way. The company will integrate with the Opera browser to offer decentralized domain names minted as NFTs on the Ethereum blockchain. Unstoppable’s Brad Kam joins “First Mover” to discuss decentralized domains and how the crypto ecosystem can integrate them.
