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

LinksDAO to Bid on Scottish Golf Course Following Vote

The decentralized autonomous organization will make an offer on the 18-hole Spey Bay Golf Club, worth about $900,000.

A Long Island golf course bathed in sunlight. (Bruce Bennett/Getty Images)

Policy

NBA-Branded 'Top Shot Moments' NFTs May Be Securities, Judge Rules in Dapper Labs Case

"Ultimately, the Court’s conclusion that what Dapper Labs offered was an investment contract under Howey is narrow," the judge wrote.

NBA Top Shot NFTs (Dapper Labs)

Finance

Ordinals NFTs Can Make Stacks’ STX a Multibillion-Dollar Token: Matrixport

Stacks' ability to leverage the Bitcoin blockchain’s security for settlement of transactions positions the network well for developing Bitcoin decentralized finance, the report said.

Policymakers will need to address financial stability risks, JPMorgan said. (Colton Sturgeon/Unsplash)

Finance

Solana-Themed Storefronts Close Shop, Ending Experiment in IRL Blockchain Evangelism

Solana Spaces will close its New York City and Miami locations by the end of February.

Solana Spaces (Solana)

Web3

Friendsies NFT Collection Deletes Twitter After 'Pause' Announcement Spurs Rug Pull Accusations

Twitter users also called out several prominent NFT influencers for hyping the project, which raised millions from its initial drop.

(OpenSea)

Tech

Litecoin Network Gets Its First NFTs After Developer Forks Bitcoin Ordinals

A copy of the white paper of Litecoin’s mimblewimble upgrade was put on the Litecoin blockchain.

Los NFT lideran la actividad en la blockchain de Bitcoin. (Ordinals Protocol)

Markets

Bitcoin Layer 2 Stacks Network's STX Token Spikes 50% as 'Ordinals' Boom

Stack Network is a Bitcoin layer 2 for smart contracts aimed at unleashing the world's oldest blockchain's potential as a programmable platform.

STX hits highest point since May. (CoinDesk/Highcharts.com)

Web3

OpenSea Goes Zero-Fee, Creator Royalties Optional

The top NFT marketplace’s policy shift stems from competition with popular zero-fee marketplace Blur.

OpenSea logo on phone (Unsplash)

Opinion

Bitcoin Ordinals Can Lift the Entire Crypto Ecosystem

The arrival of the Ordinals Protocol, which allows for the creation of Bitcoin NFTs, has coincided with a big jump in the price of Bitcoin. Add that to the SEC's exemption of Bitcoin from the label of security, and we see a bullish bitcoin picture emerging.

(Rachel Sun/CoinDesk)