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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.
The Top 10 Most Expensive NFTs of All Time
While the market for NFTs has cooled from the frenzy that marked 2021, the digital assets are still generating billions of dollars in trading volume in 2023.
MonkeDAO Plans to Buy Rights to Popular Solana Monkey Business NFT Collection for $2M
The decentralized autonomous organization formed by owners of the Solana Monkey Business NFT project will purchase all intellectual property rights to the collection from its current owner HadesDAO.
Sotheby's Relaunches Glitch Digital Art Sale After Representation Backlash
The "Glitch: Beyond Binary" art sale is a reboot of last month's "Glitch-ism" auction and features a more diverse roster of artists.
Adidas Releases Chapter 1 of Its ALTS Dynamic NFT Collection
Holders of Adidas' Into The Metaverse NFTs can burn their tokens to join the new dynamic NFT ecosystem.
Companies Behind Azuki NFTs and Line Friends Characters Join Forces for Web3 Expansion
Chiru Labs, the Web3 startup behind NFT projects Azuki and Beanz, is partnering with IPX, the firm known for the colorful Line Friends characters that originally began as stickers for the LINE messaging app.
Former Bitcoin Core Developer Says NFT Market Is ‘Pleasantly Down to Earth’ Again
Now that the crypto asset sector has weathered the hype, higher-quality projects are likely to continue developing, Jeff Garzik says.
NFT Market Is 'Pleasantly Down to Earth': Former Bitcoin Core Developer Jeff Garzik
A recent DappRadar report reveals that NFTs had a strong Q1 2023, but March saw a nearly 16% decrease in monthly trading volume to $1.7 billion. NextCypher Productions founder and Bloq co-founder Jeff Garzik shares his outlook for the broader non-fungible token (NFT) space as "a lot of the hype is burned off."
NFT Collective Proof Launches New Moonbirds Collection With Beeple, Other Artists
The "Moonbirds: Diamond Exhibition" collection is available exclusively to holders that reached "Diamond Nest" status by staking their NFTs.
OpenSea Goes Pro, Ralph Lauren Takes Crypto
Plus, investments in blockchain games and metaverse projects totaled $739 million for the quarter.
From Nakamigos to Magamigos: The Tricky Relationship Between the Meme Economy and NFTs
Speculative NFT project Nakamigos has recently broken into the NFT spotlight, spawning copycat projects such as Magamigos and Nakamigas that capitalize on the trend. But while meme projects may offer short-term gains, they rarely offer long-term value and ought be scrutinized.
