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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.
Associated Press Auctions NFT in Spirit of 2020 US Election
The NFT's artwork depicts the electoral college map as it might be seen from space using AP's election data.
Banksy Work Physically Burned and Digitized as NFT in Art-World First
A group of crypto artists bought the Banksy piece "Morons" and burned it before issuing an NFT. It's an artistic statement, or something.
DAO Investing in NFTs Raises $1.3M From Crypto VCs
Yield Guild Games will use the funds from Delphi Digital, Scalar Capital and others to invest in virtual land and other in-game assets.
Kings of Leon to Release New Album as NFT
Kings of Leon is the first rock band to release an album as a non-fungible token (NFT). “The Hash” panel discusses the outlook for the music NFT marketplace as artists begin to dabble into the space.
Enjin to Tackle Soaring Gas Fees, Scaling With New Blockchain Products
Dubbed JumpNet and Efinity, the company says its two scaling solutions will increase support for NFTs while removing Ethereum's expensive gas fees from the equation.
Kings of Leon to Release New Album as NFT With Tokenized Tickets for Superfans
In addition to platforms like Spotify, Apple Music and Amazon, the album will be released in NFT form on blockchain platform YellowHeart.
Hex Trust Launches Licensed Custody Service for Non-Fungible Tokens
With NFT collectibles now fetching prices in the millions of dollars, the firm said owners need a custody service.
This NFT Success Story Involves Traditional Marketing
Crypto artist Dave Krugman, whose digital work "Ecumenopolis: Sector 1 NYC" recently sold for 20 ETH on SuperRare, explains how the non-fungible token boom has impacted his career and how NFTs are shaping the future of art. "This presents a really interesting opportunity for artists to finally be taken seriously in the digital realm," Krugman said. Plus, a discussion of practical tips for artists hoping to navigate the NFT terrain.
NFTs Aren't Art? OK, Boomer
Your grandpa probably didn't like rock. Your dad probably didn't like hip-hop. Dismissing NFT artworks out of hand reads roughly the same.
