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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.
Virtual Property Sells for $1.5M in Ether, Smashing NFT Record
The eye-popping 888 ETH virtual land sale is said to mark the largest NFT transaction of all time.
Rare Hashmasks Digital Artwork Sells for $650K in Ether
"The piece itself is chaotic, yet ordered. It invokes a concept of biblical dualism with the demon and halo," said the buyer.
NFT Marketplace Rarible Closes $1.75M Seed Raise From 1kx, Coinbase Ventures
The startup will use the funds to build a DAO governance structure.
Rare Sneaker App Switches From Ethereum to Hedera to Skip Blockchain Fees
At $80 for minting an NFT on Ethereum versus $1 on Hedera, it was a matter of cost, said SUKU.
Blockchain Bites: Scaramucci on GameStop and Bitcoin; Why Flamingo DAO Dropped $762K on an NFT
Anthony Scaramucci sees recent GameStop price action as proving Bitcoin's larger thesis of decentralizing and democratizing finance.
Early CryptoPunk Digital Collectible Sells for $762K in Ether
Flamingo, a DAO for NFT investments, bought the ultra-rare “Alien” in a Saturday auction.
Enjin Coin Becomes First Gaming Cryptocurrency Whitelisted for Use in Japan
ENJ has been given the official nod by the Japan Virtual Currency Exchange Association, a self-regulatory body.
K-Pop Stars to Mint Digital Collectibles on Polkadot
RBW's Japanese subsidiary will be selling its singers' digital products on the blockchain.
Blockchain Platform Telos Launches Crypto Tokens That Act Like Treasurys
The "T-Bond" non-fungible tokens will allow cryptocurrency projects to sell tokens that are locked until maturity conditions are met.
NFT Art Sales Reached All-Time High of $8.2M in December
With sales of physical art down because of the coronavirus pandemic, NFT-based artworks have taken off in 2020.
