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.


Markets

There Are Tentative Signs of Revival in DeFi and NFT Markets, JPMorgan Says

Expectation of U.S. approval of a spot bitcoin ETF has led to an increase in DeFi and NFT activity in recent months, the report said.

Decentralized finance activity is starting to pick up. (Alina Grubnyak/Unsplash)

Opinion

1 Way to Revive Dead NFT Wallets

Artist and legal scholar Brian Frye says inaccessible crypto tokens cannot be sold, but can be donated — with potentially significant tax benefits.

cemetary (image by John Thomas on Unsplash, modified by CoinDesk)

Opinion

Disney Does NOT ‘Partner’ With Crypto Companies

Language matters and crypto continues to play fast-and-loose with it, to its long-term detriment.

(Dapper Labs)

Finance

Bitcoin-Focused Ordinals Project Taproot Wizards Raises $7.5M in Seed Round

Taproot Wizards, which describes itself as "magic internet JPEGs", offers a collection of Microsoft Paint images of wizards harking back to a 2013 bitcoin meme: "magic internet money."

TaprootWizards.com NFT (ordinals.com)

Tech

National Hockey League Comes Around to Digital Collectibles, Using Sweet Platform

NHL Breakaway launches with Sweet, a platform for brands to create NFT collectibles under the Ethereum ERC-721 standard on Polygon and the Ethereum mainnet.

Rendering of NHL Breakaway promotion on Sweet's website. (Sweet, modified by CoinDesk)

Opinion

Disney Does NFTs Again in Partnership With NBA Top Shot Makers Dapper Labs

CEO Roham Gharegozlou and VP Ridhima Kahn discuss the company's latest consumer-facing app.

Dapper Labs, inventors of CryptoKitties, have been working with Disney on the entertainment giant's latest foray into Web3. (PAN XIAOZHEN/Unsplash)

Opinion

It’s Time for Web3 Games to Embrace Play AND Earn

Web3 games shouldn't try to replace traditional gaming with decentralized gaming, but instead create crypto-powered alternatives gamers actually want to play, Web3 marketing expert Kelsey McGuire writes.

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Opinion

The NFT Market Has Crashed. What Should Artists Do Now?

A brief guide to expanding deeper into, and beyond, Web3.

Shubham's Web3

Videos

Road Ahead for Crypto Adoption in Asia

CoinDesk executive director of global content Emily Parker discusses a high-level overview on the state of crypto adoption in Asia, after returning from a whirlwind trip overseas. Parker shares insights into the sentiment towards NFTs, Web3 gaming, and the nuances of Hong Kong's approach to the digital asset market.

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