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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.
How to Make Money Buying Art: Advice From Art Market Economist Magnus Resch
In his latest book, the Yale economist guides prospective buyers through never overpaying for art using data and by curating relationships. It turns out NFTs have particular utility here.
The Promises and Perils of NFTs: An Excerpt From 'The Everything Token'
In their new book, Steve Kaczynski and Scott Duke Kominers discuss the ongoing challenges (and potential solutions) around diversity, regulation and decentralization facing the NFT ecosystem.
Bitcoin-Based Digital Art Image 'Genesis Cat' Sells for $254K in Sotheby's Auction
The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain's Ordinals protocol. All in, some 19 lots sold by Sotheby's raked in a combined $1.1 million.
Taproot Wizards, Bitcoin Ordinals Project That Raised $7.5M, to Sell 'Quantum Cats' Collection
The "NFTs on Bitcoin" project has capitalized on the popularity of the controversial Ordinals protocol, which has generated a flurry of interest in the original blockchain but added to congestion and higher fees.
Bitcoin Developer's Proposal to Stop 'Spam' NFTs Gets Shut Down
Luke Dashjr's technical proposal sounded innocuous enough: to make the popular Bitcoin Core software "effective with newer datacarrying styles." In reality, the effort represented a sophisticated but controversial plan to block the suddenly popular "inscriptions" known as "NFTs on Bitcoin."
'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K
In the historic auction house's first-ever sale of the Ordinals inscriptions known as "NFTs on Bitcoin," a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates.
Pudgy Penguins to Launch Webkinz-Like Virtual World in 2024
Pudgy World, an interactive digital world available to Pudgy Penguin NFT holders, will become available in alpha mode sometime next year, according to the company’s CEO.
P1A: Refik Anadol Explores 'Boundaries of Creativity'
The artist made an NFT of Refik Anadol, another artist, for our Most Influential package.
Luca Schnetzler: When NFTs Crashed, He Led Pudgy Penguins to Success
While much of the NFT market was taking beatings, the Pudgy Penguins CEO (who's also known as Luca Netz) drove his brand forward, setting up shop with some of the largest retail stores in the country.
'Pacman' Gobbled NFT Sales With Blur
Blur upended OpenSea's NFT marketplace dominance by focusing on big traders. Its cofounder, Pacman, who doxxed himself to face its burgeoning community, earns a spot on CoinDesk's Most Influential 2023.
