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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.
Tax-Loss Harvesting Platform Unsellable is Building ‘The World's Largest Collection of Worthless NFTs
The platform has so far purchased over 9,300 no-longer valuable NFTs that previous owners can count as losses to reduce taxable capital gains.
What Is an NFT Floor Price?
The metric measures the lowest price for an NFT in a collection. It's often a good starting point for understanding the popularity of an NFT collection and the token's value over time.
NFT Market Will Bounce Back With Lower Interest Rates, Digital Artist Says
Ovie Faruq, also known as OSF, says the sector is tied to cryptocurrencies, which in turn are correlated with Nasdaq.
Despite the Frost of Crypto Winter, The Wrapture Holders Kept Their Cool
Holders of Dmitri Cherniak's NFT art project-meets-social experiment were instructed not to move, list or sell their assets for a year. The result was a test of patience and trust in the face of market uncertainty.
How to Level Up Your Knowledge of Web3 Gaming
Blockchain technology is redefining the gaming industry and giving players an opportunity to own their digital identities and assets. Here's how to get started.
It’s Been a Year Since NFTs Exploded. Where Are We Headed?
For NFT collectors and creators, this past year marked noticeable changes within the market. From utility to community building, here are just a few trends that will push the space forward in 2023.
China to Launch First National ‘Digital Asset’ Marketplace
While trading digital collectibles has been popular among Chinese collectors through heavily regulated marketplaces, this is the country’s first official foray into NFTs.
7 Platforms and Communities Web3 Writers Should Know
Web3 is opening up a world of possibilities for storytellers, from literary NFTs to blockchain-based publishing platforms and even writer-focused DAOs.
