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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.
Web3 News From Consensus
A special edition of The Airdrop on the ground in Austin at CoinDesk's festival.
Mastercard Launches Crypto Credential Service for Cross-Border Transfers
The set of verification standards uses technology from CipherTrace, the well-known blockchain analytics platform Mastercard agreed to acquire in late 2021.
Web3 Music Requires Fresh Ideas to Succeed, Says Warner Music Exec
The digitally augmented space is a key part of Warner Music Group's future plans, Chief Digital Officer Oana Ruxandra said at Consensus 2023.
Streetwear Designer Bobby Hundreds on NFT Adoption and His Biggest Sneaker Flex
Bobby Hundreds, Co-Founder and Chief Creative Officer of global streetwear brand The Hundreds and Adam Bomb Squad, chats with CoinDesk's Doreen Wang about why he feels the hype of NFTs happened too quickly. Plus, he shares his biggest streetwear flex and teases his new book "NFTs Are a Scam."
Leaders in Decentralized Identity Slam Soulbound Tokens
On a panel discussing how to protect your identity, “our most precious asset,” the consensus was that SBTs were absolutely the wrong path.
Web3 Culture Is 'Not Dead' but as Strong as Ever, Say Brand Leaders
Creators, leaders and builders from the NFT space spoke about the resilience of Web3 at CoinDesk's annual Consensus conference.
Regulation Clarity Will Bring on More Consumer Web3 Users, PepsiCo’s Executive Says
PepsiCo Head of Next Gen DTC Connections and Innovation Kate Brady talks about the urgency in regulatory clarity in the customer web3 space at CoinDesk's Consensus 2023 conference.
Twitter Ends Legacy Blue Checks and Bluesky Emerges as a Decentralized Alternative
Twitter, a social network that once connected journalists, trusted public figures and Web3 natives, dropped its legacy verification program last week, leading some users to look for alternatives.
Polygon, Cardano and Solana NFT Sales Rise as Ethereum NFT Sales Slump
While Ethereum remains by far the most popular blockchain for minting NFTs, smaller blockchains have experienced interesting bumps in sales in recent weeks.
Decentralized Media Is Breaking Barriers in a Web2 World
“The blockchain is simply a tool to re-architect the relationship between the subscriber and the publication,” said Daisy Alioto, founder of Web3 media outlet Dirt.
