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.


Layer 2

Investing in Web3: Culture and Entertainment

A simple strategy for where to put your money is to search among your passions, hobbies and obsessions.

(GDarts/iStock/Getty Images Plus)

Policy

Dapper Labs Restricts Services to Russia Amid EU Sanctions

The collective that’s home to NFT collections NBA TopShot and Crypto Kitties will no longer support wallets, accounts, or custody services that are traced to Russia.

NBA Top Shot. (Dapper Labs)

Web3

Bored Ape Creator Yuga Labs Unveils Community Council to Help Shape Future Initiatives

The council is made up of seven notable Bored Ape collectors tasked with providing feedback to Yuga Labs and uplifting community-driven projects.

Bored Ape Yacht Club BAYC Community Council (Yuga Labs)

Markets

Web3 Gaming Has a Long Way to Go Before It Becomes Mainstream, Survey Says

A study from Coda Labs shows that only 3% of gamers own an NFT and generally don’t have positive feelings about crypto.

(PonyWang/Getty Images)

Markets

Three Arrows Capital's Liquidator Takes Possession of Starry Night NFT Wallet

Teneo, a consulting firm that is handling Three Arrows' liquidation, cited the help of pseudonymous NFT collector Vincent Van Dough.

"A slight lack of symmetry can cause so much pain," by Dimitri Cherniak – one of the NFTs in Starry Night's collection. (SuperRare)

Web3

Three Arrows-Backed 'Starry Night' NFT Collection Moved to Gnosis Safe

The bankrupt crypto hedge fund once aimed for a $100M NFT collection, which now may be worth less than $1M.

Starry Night is the name of Three Arrows Capital's NFT collection. (Unsplash)

Layer 2

'I'm a Crypto Guy': Why Steve Aoki Believes in Web3

The electronic music DJ talks NFTs, Elon Musk and building a waterpark in the metaverse.

(Ethan Miller/Getty Images)