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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.
Non-Fungible Tokens and the New Patronage Economy
Non-fungible tokens don’t have to be more than niche to have a big impact on the economics of art, says RMIT's Chris Berg.
The Node: NFTs Made It to ‘Then They Mock You’ Even Faster Than Bitcoin Did
When rarefied art critics sneer at non-fungible tokens, it’s not about art. It’s about instructing the in-group what they should and should not care about.
Jack Dorsey's First Tweet Sells for $2.9M
The auction for the March 2006 tweet by the Twitter co-founder closed Monday.
Financial Watchdog Group Updates Guidance Affecting DeFi, NFTs
The Financial Action Task Force (FATF), a global financial watchdog organization, has updated its guidance on crypto assets to be more inclusive of recent market changes, including the NFT boom and growing interest in decentralized finance. Siân Jones of XReg Consulting weighs in on what the updated guidance means for crypto regulation.
Bidding on NFT of First-Ever Tweet Ends Today; Top Offer Remains at $2.5M
The first-ever tweet was sent by Twitter founder and CEO Jack Dorsey 15 years ago today.
Financial Watchdogs Have DeFi in Their Sights, Alter Wording Around NFTs
The FATF guidance makes a careful change of terminology, which appears to be a nod in the direction of NFTs.
How Bitcoin and Blockchain is Transforming the South Side Chicago Community
South Side Blockchain co-founders Darren Heard, Ron Daniel, and LaTaevia Berry join "Community Crypto" to discuss some of the biggest blockchain projects swirling in Chicago and how the city’s NFT arts and music movement desegregates its communities.
The Latin American Crypto Community Is Focused on These Top Issues
The team behind the crypto community on Status, an encrypted messaging app, joins “Community Crypto” to discuss the use cases for cryptocurrencies in Latin America.
Even NYC's Highfalutin Guggenheim Museum Is Looking at NFTs, Job Posting Suggests
A call for MBA interns asks: "How will blockchain and crypto currency [sic] change how a museum defines its collection strategy?"
Lindsay Lohan, Tony Hawk Latest Celebs Cashing in on NFT Mania
Celebrities keep hopping on the non-fungible token (NFT) bandwagon. Skateboarding legend Tony Hawk is auctioning off an NFT of his last ollie 540. Actress Lindsay Lohan is partnering with Justin Sun to release NFTs on Tron. "The Hash" panel discusses the latest in NFT mania sweeping the globe.