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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.
Tony Hawk Skates Into the Metaverse With ‘Largest Virtual Skatepark Ever Made’
The skateboarder's foray into the metaverse will take place in The Sandbox, an Ethereum-based virtual land game.
Mila Kunis-Linked Web3 Studio Toonstar Partners With Hot Topic to Market Entertainment NFTs
Toonstar is partnering with Hot Topic to target the intersection of entertainment and NFTs, through retail.
Watch Out for Illicit Actors Gaming Crypto Games
P2E and GameFi offer a glimpse into the types of financial crime complexities that will arise as tech companies work to usher in the metaverse.
Solana-Based STEPN Reports $122.5M in Q2 Profits
The team will use 5% of the profits to initiate a buyback and burn program of its native GMT tokens.
Animoca Brands Raises Additional $75M, Nudging Valuation to $5.9B
The infusion is the second tranche of January's funding round, which nabbed almost $360 million and valued the investment company at $5.5 billion.
Shanghai Plans to Cultivate $52B Metaverse Industry by 2025
Shanghai wants to create more than 100 companies in a plan that focuses on virtual reality and increased connectivity.
GameStop’s NFT Marketplace Goes Live
The video-game retailer released a digital asset wallet in May ahead of the service.
A Saudi Arabia-Themed NFT Collection Is the Latest Free-to-Mint Hit
The Saudis topped the volume charts in its debut weekend with $7.7 million in sales.
NFTs Are Now Collateral for Secured Loans. Are You Legally Protected?
Repossessing used cars is one thing, but a lender may find it hard to know the right jurisdiction to lay claim to a Bored Ape owned by “MoonBoiBallz99.”
