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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.
Bored Apes Creator Warns of Threat Group Targeting NFT Communities
Attackers have targeted wallets hosting several high-profile NFT collections in the past few months.
OpenSea Lays Off Roughly 20% of Its Staff
CEO Devin Finzer cited an “unprecedented combination of crypto winter and broad macroeconomic instability.”
Kevin Rose’s Proof Acquires Divergence Engineering Team
The entrepreneur's NFT project, which is responsible for the Moonbirds collection, is gearing up for a “social universe” launch later this summer.
UnCaged Studios Raises $24M to Support Web3 Game Developers
The company will use the funds to build out its Solana-based esports franchise MonkeyLeague ahead of its public launch.
MATIC Surges as Disney Chooses Polygon for Accelerator Program
The Ethereum scaling tool is one of six companies selected by the media and entertainment giant to be a part of its program to develop AR, NFT and AI Experiences.
Rare CryptoPunk Sells for $2.6M as Collection Continues Resurgence
The Tuesday sale was tied for the fifth largest in the collection’s history.
UK Court Allows Serving Legal Documents Via NFTs
The ruling will allow legal proceedings against otherwise anonymous persons through their wallet addresses.
