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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.
NFT Exchange Magic Eden Expands to Ethereum
The leading Solana-based non-fungible token platform is taking another swing at OpenSea and embracing Ethereum’s top-heavy NFT ecosystem.
CryptoPunks’ Floor Price Surges 10% Following Tiffany & Co. Collaboration News
The collection has seen $2.3 million in sales since Sunday’s partnership announcement, a 2,200% increase.
Socios Owner Invests $100M in FC Barcelona's Web3 Efforts
Chiliz has acquired a 24.5% stake in Barca Studios, the Spanish soccer giant's digital-content creation arm.
OneOf NFT Platform Adds American Express as Backer in $8.4M Round
Amex will give exclusive OneOf tokens to cardholders attending a pop-up event in Turkey.
Jewelry Brand Tiffany and Co. Unveils $50K CryptoPunk Necklaces
The collection of diamond-encrusted pendants is exclusively available for CryptoPunk owners to purchase, and is limited to 250 editions.
Why We Need NFT Ticketing for Sports Events
Verifiable tickets powered by blockchain tech can stamp out fraud and add value for fans. Major sporting events are now considering their adoption, says one startup in the space. This piece is part of CoinDesk's Sports Week.
Miami Teaming Up With TIME, Mastercard and Salesforce to Launch 5,000 NFTs
Miami Mayor Francis Suarez is planning to launch 5,000 Ethereum NFTs in collaboration with TIME, Mastercard and Salesforce. The collection will be designed by 56 local artists, “representing the city’s 56 square mile area,” according to the city’s press release. “The Hash” panel discusses how the plan could expand Web3 adoption.
