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.


Policy

Politicians, Not the Usual Bureaucrats, Take the Reins on Web3 in Japan

A handful of lawmakers are forming new policies, bypassing the usual lengthier route.

Japan Prime Minister Fumio Kishida has designated Web3 as a pillar of economic reform. (Zhang Xiaoyu/Getty Images)

Markets

ApeCoin's APE Could See Selling Pressure Ahead of Major Token Unlock

More than 25 million APE tokens will be released to launch contributors, representing nearly 8% of the circulating supply.

ApeCoin’s APE tokens slid early Friday ahead of a token unlock over the weekend. (Bored Ape Yacht Club, modified by CoinDesk)

Tech

Ethereum’s Merge Could Bring a 'Billion Users' to Web3, Polygon Co-Founder Says

Sandeep Nailwal told CoinDesk TV’s “First Mover" that the software update could lead to further upgrades that would increase "scalability" for layer 2 networks.

Sandeep Naliwal, co-founder Polygon (Polygon)

Finance

Fortnite Developer Epic Games’ Marketplace Lists First NFT Game

Mythical Games’ Blankos Block Party became the first blockchain-based game to become available on the Epic Games Store.

Mythical Games' Blankos Beach Party launches on Epic Games Store (Mythical Games)

Markets

High Bid on NFT of Ethereum’s Final PoW Block Is Just One-Third What Creators Paid to Mint It

Vanity Blocks paid roughly 30 ether to crypto miner F2Pool to mint an NFT of Ethereum's final proof-of-work block.

Bids on "The Last POW Block" are half of what its creators paid to create it. (OpenSea)

Videos

How Will NFTs Be Impacted by the Merge?

Adam McBride, author of “NFT APE: My Journey into NFTs, Crypto, and the Future,” discusses how NFTs will be impacted by Ethereum’s transition from proof-of-work to proof-of-stake. Plus, his outlook on NFT market growth.

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Learn

What Are Doodles? Everything You Need to Know About the Colorful NFT Project

From the NFT project's long-term utility to its creative partnership with Pharrell.

NFT collection Doodles on NFT marketplace OpenSea (modified by CoinDesk)

Videos

MoMA Considers Buying NFTs With Proceeds of $70M Auction: Report

New York’s Museum of Modern Art (MoMA) is considering buying non-fungible tokens (NFTs) with some of the proceeds of a $70 million auction of William S. Paley's art collection, according to the Wall Street Journal. "The Hash" hosts discuss the implications for digital collectibles and the traditional art market.

Recent Videos

Layer 2

A Peculiar Flavor of NFTs Is Thriving in China – One Regulators Can Abide

Unlike most non-fungible tokens, China’s “digital collectibles” are built on closed networks and designed to appease regulators who frown on trading and speculation.

"First Supper," exhibited through a projector at the 'Virtual Niche" exhibit in Beijing in April 2021. The artwork is composed of 22 pieces, each individually encoded as a NFT. (Eliza Gkritsi/TechNode)