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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.
Uniswap Labs Acquires NFT Startup Genie
The company behind Ethereum's popular DeFi trading hub plans to support the buying and selling of NFTs.
Solana NFT Marketplace Magic Eden Raises $130M at $1.6B Valuation
The large raise comes during an otherwise downcast crypto climate.
Ukraine Sells Donated CryptoPunk NFT for $100K to Support War Effort
The NFT was given to the country in March near the start of its crypto fundraising campaign.
ParaSwap Launches Peer-to-Peer NFT Trading App
The platform allows buyers and sellers to make transactions using their token of choice, with all non-Ethereum gas fees being refunded.
Ex-Sushi CTO Raises $8M for NFT Lending Platform Astaria
The platform, led by CEO Justin Bram and DeFi vet Joseph Delong, aims to provide instant liquidity for your JPEGs and should be available to the public by September.
Christie’s Web3 Expert Leaves Auction House to Run CryptoPunks for Yuga Labs
Noah Davis, a key factor in the storied auction house’s crypto embrace, was involved in Beeple’s $69 million NFT sale in March 2021.
NFT Platform Immutable Launches $500M Venture Fund for Web3 Games
Immutable Ventures will work with groups including Animoca and GameStop.
From Mixtapes to NFTs: French Montana on Music and Crypto
“Only the strong survive at this point," three-time Grammy-nominated rapper French Montana said about the future of NFTs on CoinDesk TV’s “First Mover” program.
