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.


Videos

Co:Create CEO: Tokens Within a Brand's Ecosystem Are Powerful

"Tokens ... create an incredible opportunity for you to reward your most loyal members and create tiers of memberships," Co:Create CEO Tara Fung says on "First Mover" live from CoinDesk I.D.E.A.S. That's why the combination of NFTs and tokens in a given brands' ecosystem is "powerful," she adds.

Recent Videos

Learn

The Web3 Guide to Getting Into the Music Industry

We spoke to industry leaders about how to break into the music industry and foster an engaged audience using a Web3 toolkit.

(Simone Ranzuglia/EyeEm/Getty Images)

Learn

What Is Magic Eden? How to Get Started on the NFT Marketplace

The high-volume company boasts low transaction costs and no fees for listing non-fungible tokens.

Magic Eden (Screenshot modified by CoinDesk)

Web3

Ozzy Osbourne, Dillon Francis and Soulja Boy to Perform at Decentraland’s Metaverse Music Festival

The free four-day event aims to bridge the real world and Web3 to mutually benefit fans and artists.

(de Witt/Unsplash)

Videos

Here's How FANtium Aims to Democratize Athlete Financing

"One of your success factors as a young talent becomes suddenly your access to money," says Jonathan Ludwig, CEO of NFT-based athlete investment platform FANtium. He discusses how the firm aims to solve that problem via NFTs.

CoinDesk placeholder image

Web3

NFT Marketplace Magic Eden Moves to Optional Royalty Model

Solana’s top NFT marketplace is the latest platform to switch to a no-fee model, following in the controversial trend set by X2Y2 and others.

Magic Eden's booth at the Solana Hacker House in Miami, April 2022. (Danny Nelson/CoinDesk)