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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.
The Different Types of NFTs: A Simple Guide
From fashion for avatars to social profile pictures to digital collectibles, the NFT ecosystem continues to expand and evolve, even in the face of the chilly crypto winter. Here are eight different kinds of NFTs you should know.
Pro-Crypto EU Lawmaker Eva Kaili Set to Lose Vice-Presidency Amid Corruption Probe
Kaili, actively involved in European Parliament discussions on cryptocurrency and NFTs, was suspended from her party last week following allegations of lobbying by Qatar.
Bieber, Madonna Among Dozens of Celebs Named in Lawsuit Alleging Yuga Labs NFT 'Scheme'
The suit claims celebrity endorsements of Bored Ape Yacht Club NFTs and ApeCoin tokens resulted in financial loss for investors. Yuga Labs called the allegations "opportunistic and parasitic."
Polygon Studios CEO: Our Company Is a ‘Funnel’ for Big Brand Partnerships
Ryan Wyatt discusses why “Web2-esque” consumer brands looking to jump into Web3 are flocking to his company.
Starbucks Launches Beta of Web3 'Odyssey' Loyalty Program
The test of the experiential program combines customer loyalty rewards with NFT collecting and other gamified elements.
Steve Aoki and 3LAU Launch PUNX Music Project Using CryptoPunks IP
The DJs and NFT enthusiasts are teaming up on an "audio-visual IRL-meets-metaverse supergroup."
ImmutableX NFTs Now Available on Nifty Gateway
NFTs from Web3 games powered by Ethereum scaling product ImmutableX are now available on Gemini-owned NFT marketplace Nifty Gateway. "The Hash" panel discusses what this means for the blockchain gaming industry.
Art Blocks CEO Erick Calderon on the Future of Generative Art NFTs
Art Blocks is one of the most popular platforms bucking the downward market trend of NFTs with blockchain-based algorithmic art. Art Blocks CEO Erick Calderon, who was also listed as one of CoinDesk's Most Influential people this year, joins "First Mover" to discuss the NFT generative art movement.
Over $30M Pours Into ApeCoin Staking in First Day
The native token of the Yuga Labs ecosystem is unavailable to stake in the U.S. because of regulatory concerns by its parent foundation.
