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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.
Introducing CoinDesk’s First Web3 Newsletter: The Airdrop
Our weekly newsletter breaks down the biggest news related to internet culture, NFTs, DAOs and the metaverse that is pushing Web3 forward.
Popular Rihanna Song Offered as NFT With Royalty Sharing Ahead of Super Bowl
Music producer Deputy, who helped produce Rihanna's hit 2015 single "B**** Better Have My Money," is granting a portion of his streaming royalties to collectors through anotherblock.
Legal Expert Says MetaBirkin Project Intended to Use Hermès’ Brand for Economic Gain
Olta Andoni, general counsel at financial firm Enclave Markets, said artist Mason Rothschild was looking to “piggyback” off the French luxury brand’s reputation. But even artists who are creating digital art aren't free of consumer protection laws.
Crypto Payments Firm MoonPay and NFT Marketplace LooksRare Ink Partnership
LooksRare users can buy and sell cryptocurrencies through MoonPay, which will allow users to purchase NFTs with a credit card.
Bitcoin Network Activity Spikes to Two-Year High Thanks to NFTs, CryptoQuant Says
Transactions are coming from the popularity of the recently deployed Ordinals protocol, which allows for NFT-like tokens to be stored on-chain.
Bitcoin NFTs Explode in Popularity as BitMEX Research Shows 13,000 Ordinals
Interest has skyrocketed following the first Ordinals transaction on Dec. 14.
Bitcoin’s Newfound NFT Hype Attracts Interest of BSV Developer Twetch
Twetch has already built a suite of NFT apps on the Bitcoin SV blockchain. So the new push by Ordinals to bring NFTs to the Bitcoin blockchain looks like an opportunity for expansion.
A Pragmatic View of ChatGPT in a Web3 World
Artificial intelligence is revolutionizing every aspect of our daily lives. What will it mean for Web3? IntoTheBlock's Jesus Rodriquez learns from the machine.
