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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.
Ether Turns Deflationary Again, Led by Spike in NFT Sales
Nearly one-fourth of ether burned stems from NFT trades over the past seven days, according to data from ultrasound.money.
Porsche NFT Collection Fails to Gain Traction as Mint Kicks Into Gear
The floor price of the collection on the secondary market fell below its minting price of 0.911 ETH in the hours after it opened sales to the public.
Checks VV Rouses the NFT Community From a Sleepy Winter
Jack Butcher's NFT project started as a commentary on the social impact of blue checkmarks and has turned into a community movement.
Aptos Token Price Doubles in Two Weeks Amid Strong NFT Interest
NFT markets on Aptos are seeing growth among Crypto Twitter community users.
Tech Veteran-Backed Web3 Social Platform Plai Labs Raises $32M in Seed Round
The company, founded by former executives of gaming company Jam City and social platform Myspace, aims to combine Web3 and AI to create a unique digital social experience.
NFT Marketplace Blur Delays Native Token Launch
The platform, which targets pro NFT traders, said it would launch its BLUR governance token on Feb. 14 after months of incentivized airdrops.
Sports NFT Firm Candy Digital Raised Over $38M Amid Founder Strife
An SEC filing revealed the offering weeks after reports that Fanatics would unload its 60% stake.
Yuga Labs' Sewer Pass NFT Collection Nets Over $6M in Sales in Just Hours
The latest NFT project by Bored Ape Yacht Club parent company Yuga Labs grants holders access to a skill-based game called Dookey Dash.
Developers Keep the Candle Burning During Chilly Crypto Winter
A new report released by Web3 developer platform Alchemy suggests that while this past year saw token trading slow, the number of smart contracts deployed on Ethereum continues to grow.
