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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.
What's the Outlook for Crypto Under Gary Gensler?
Silvio Micali, cryptographer and founder of Algorand, weighs in on the impact that Gary Gensler could have on the crypto ecosystem if confirmed as SEC chairman. Micali, who worked with Gensler at MIT, says Gensler could usher in an era of responsible innovation. Plus, the latest news from Algorand and why Micali says it's ideally suited for NFTs.
Sam Bankman-Fried on FTX's Naming Rights for Miami Heat Arena, NFTs and Visa's Crypto Future
Bitcoin billionaire and FTX CEO Sam Bankman-Fried joins "First Mover" to discuss FTX's $135M deal to win the naming rights for the Miami Heat arena and how he thinks it will benefit FTX. Plus, his thoughts on DeFi, the NFT boom and Visa's decision to allow settlement transactions in stablecoin USDC.
Justin Sun Unveils Fund for 'Top-Notch' NFT Art Worth at Least $1M
The fund will only accept NFT art pieces with a price tag of at least $1 million.
SNL Skit Uses Kate McKinnon's 'Janet Yellen' and Slim Shady to Explain NFTs
The skit shows how NFTs have captured the public's imagination. Here's where you can find out more.
Why People Are Talking About This ‘Elephant in the Room’
New York-based fine artist Christopher Florentino joins “First Mover” to discuss “The Elephant in the Room,” an NFT on auction with Nifty Gateway. Flore talks about the charity this sale will benefit from, his inspirations behind his artwork and his transition from physical art to the NFT world.
Your NFT Tax Questions, Answered
Now that the IRS has extended the filing deadline to May 17, NFT investors have more time to get their taxes in order.
World’s First NFT House Sells for $500K
The world’s first NFT house, designed to be uploaded to the metaverse, has sold for $500K. “The Hash” panel weighs in on NFT mania that shows no signs of stopping and where NFTs fit into the virtual reality space.
Dapper Labs Taps Alchemy to Give Boost to Blockchain Powering NBA Top Shot
Flow’s NBA Top Shot accounts for more transactions than all the other NFT projects combined.
South Korea’s Largest Social Gaming App to Mint Low-Carbon NFTs for Millions of Users
NFTs have been a controversial topic of late due to their large carbon footprint caused by a proof-of-work consensus mechanism.
