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.


Web3

NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon

The popular project, which launched in September 2022, is using a cross-chain bridge to bring its 15,000-edition generative art collection to Polygon.

Y00ts NFT collection (Magic Eden)

Finance

Disney Lays Off Metaverse Team: Report

Fifty people have lost their jobs as Disney disbands its next-generation storytelling and consumer experiences unit as part a company-wide staff reduction.

(Tyler Nix/Unsplash)

Web3

Amazon's NFT Plans Teased in a Receipt Mailed Friday Afternoon

In an email to CoinDesk's Nikhilesh De, Amazon appeared to confirm that digital tokens, an NFT gallery and resale opportunities are coming to the site.

Sede regional de Amazon en Sunnyvale, California. (Colección Smith/Gado/Getty Images)

Web3

Magic Eden Forms Web3 Games Collective With Leading Publishers, Communities

The NFT marketplace has teamed up with Yield Guild Games, Game7 and Fenix Games to bring Web3 games mainstream.

(Oatawa/Getty Images)

Videos

How To Navigate Crypto Tax Rules

As the IRS considers whether to tax NFTs like other collectibles such as stamps, works of art and fine wine, Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, discusses what investors should know about crypto tax obligations this tax season.

CoinDesk placeholder image

Finance

California Leads the Way as U.S. Federal, State Agencies Consider Blockchain’s Applications: Bank of America

The tokenization of vehicle titles could enable fractionalized vehicle ownership, the report said.

(Maxx Girr/Pixabay)

Web3

Metaverse NFT Trading Volume Hit New All-Time High, DappRadar Says

Virtual land trading spiked this past quarter with 147,000 trades generating $311 million in trading volume, according to a new report.

The Otherside (Yuga Labs)

Learn

What Are Dynamic NFTs? Understanding the Evolving NFT

Dynamic NFTs are digital tokens that use smart contracts to change over time.

(NVS/Getty Images)

Web3

Web3 Community Management Platform TYB Joins Shopify App Store

TYB (Try Your Best) is built on the Avalanche blockchain and provides brands with tools to expand their customer loyalty programs.

(TYB/Shopify)