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.


Markets

Quarterback Patrick Mahomes Joins Gronk in NFL Blitz of NFT Mania

The former league MVP follows fellow NFL player Rob Gronkowski in minting digital sports collectibles on the blockchain.

Patrick Mahomes

Finance

Crypto Investor MetaKovan Announced as Buyer of $69.3M Beeple NFT

Christie's has disclosed the buyer of the record-setting NFT sold Thursday.

Beeple's "Everydays"

Finance

How Bananas and Mortgages Can Explain the NFT Craze

A banana can be removed from its peel. A loan can be separated from the right to bill you every month. Now NFTs have cleaved bragging rights from artwork. What these things are worth is a matter of opinion.

Maurizio Cattelan's "Comedian" presented by Perrotin Gallery and on view at Art Basel Miami 2019.

Markets

Associated Press NFT Artwork Sells for $180K in Ether

The piece depicts a visual of the electoral college map from space using election data AP published on-chain at the time.

"The Associated Press calls the 2020 Presidential Election on Blockchain – A View from Outer Space"

Markets

Kraken Clients Stake $725M of FLOW Tokens, Buying Into NFT Frenzy

The surge in staking activity – similar to depositing money in an interest-bearing account – reflects the broader NFT frenzy.

Kraken co-founder and CEO Jesse Powell

Markets

Beeple Says NFTs Are in a Bubble; $69.3M Mystery Buyer to Be Revealed Soon

Appearing on CoinDesk TV a day after his record-setting sale, Mike Winkelmann questioned whether NFTs will democratize art.

Beeple's "Everydays"

Videos

What’s Next for Beeple After Dizzying $69M NFT Sale?

Beeple has skyrocketed from a relatively unknown graphic designer to one of the most valuable living artists in history after yesterday’s sale of his work “Everydays: The First 5000 Days” for $69M.

CoinDesk placeholder image

Markets

NFT Art Craze Spreads to China

The exhibition titled “Virtual Niche—Have you ever seen memes in the mirror?” will run from March 26 until April 4 in Beijing before moving on to Shanghai.

China dragons