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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.
A Manhattan Landlord Listed His Office Building in ETH as an NFT. Then Its Price Dropped $12M
The owner, Chris Okada, says the building will be relisted in the coming days to adjust for ether’s 40% price drop.
Nansen Seeks to Reshape Crypto Messaging With Blockchain-Compatible App
Nansen’s app will initially be available for subscribers and certain NFT holders.
’Stripe for NFTs’ NFTPort Raises $26M Series A
The round was co-led by Atomico and Taavet+Sten, the investment arm from the co-founders of Wise and Teleport.
OpenSea Migrates to Seaport Protocol in Bid to Lower Transaction Costs
The NFT marketplace says the move to the open source protocol could reduce gas fees by as much as 35%.
Web 3 Service Provider ScienceMagic.Studios Raises $10.3M From Coinbase Ventures, DCG, Others
ScienceMagic.Studios aims to help early-stage Web 3 companies create a brand and engage in communities.
Ukraine to Use NFTs to Save Its Cultural ‘DNA’ Amid Russian Invasion
"Right now, museums and cultural sites are being destroyed by rockets," said the President of the Blockchain Association of Ukraine
How the Feds Are Prosecuting NFT Insider Trading Scheme as Wire Fraud – and Why That Matters
The Justice Department could use the case as a model to police market manipulation for other assets. Regulators are watching.
PayPal's Move to Allow Crypto Transfers to External Wallets the First Step Away From Fiat World, CEO Says
The payment services giant will allow users to turn crypto into fiat for use at any one of 35 million merchant accounts.
