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.


Consensus Magazine

How Web3 Animation Project 'The Gimmicks' Survives a Crypto Winter

The creators of the successful Web3 cartoon – speakers at Consensus – talk about what’s next for interactive storytelling.

(Ian Suarez/CoinDesk)

Videos

Meta to Lay Off 10K Employees, End Support for NFTs on Instagram, Facebook

Meta Platforms Inc. is planning on cutting around 10,000 jobs in another round of layoffs. Separately, the parent company of Facebook and Instagram is winding down its integration of non-fungible tokens (NFTs) on its platforms. “The Hash” panel weighs in on the latest news from the tech giant.

Recent Videos

Videos

What the Banking Crisis Means for NFTs

Host Joel Flynn discusses how concerns over the U.S. banking sector could impact the future of non-fungible tokens (NFTs). That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

CoinDesk placeholder image

Web3

Meta Will End Support for NFTs on Instagram, Facebook

Meta’s Stephane Kasriel said on Twitter the decision is prompted by a desire “to focus on other ways to support creators, people, and businesses.”

(Meta)

Learn

What Are MoonCats? The Legacy NFT Project Revived by Its Community

Created in 2017, the collection of generative pixel art-style cats was rediscovered in 2021 and quickly gained popularity.

(MoonCats Rescue)

Web3

Starbucks Odyssey Releases ‘The Siren Collection,’ Its First Limited-Edition NFT Drop

Members of Starbucks Odyssey, the rewards program currently in beta, were able to purchase up to two “Stamps” from an edition of 2,000 featuring the brand’s iconic siren, but the launch was not without issues.

Siren (Starbucks)

Web3

NFT Company Palm Teams With Pussy Riot to Foster Activist Art

Nadya Tolokonnikova will teach an “Activist Master Class” on the Palm network’s educational platform and curate a feminist art contest through the Palm DAO during NFT.NYC.

Nadya Tolokonnikova of Pussy Riot. (Michael Tullberg/Getty Images)

Web3

Yuga Labs' Otherside Metaverse to Launch 'Second Trip' on March 25

The Bored Ape parent company will allow up to 10,000 holders of its Otherdeed NFTs to participate in the second gamified test of its Otherside metaverse platform.

The Otherside. (Yuga Labs)