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.


Finance

Azuki NFT Founder Admits to Abandoning Past Projects

The project’s floor price has dropped dramatically following the news.

Azuki release native token (Azuki)

Finance

Instagram Eyes Creator Economy With NFT Rollout

With millions of creators and billions of users, Instagram could turn NFTs into a cash cow, the company hopes.

MENLO PARK, CALIFORNIA - OCTOBER 28: A pedestrian walks in front of a new logo and the name 'Meta' on the sign in front of Facebook headquarters on October 28, 2021 in Menlo Park, California. A new name and logo were unveiled at Facebook headquarters after a much anticipated name change for the social media platform. (Photo by Justin Sullivan/Getty Images)

Finance

Arianee Raises $21M to Bring Luxury NFTs to the Metaverse

The “utility NFT” pioneer is working with The Sandbox following a hefty Series A.

Panerai is an Arianee customer. (Craig Barritt/Getty Images for Panerai)

Finance

Web 3-Savvy Media Outlet Dirt Raises $1.2M in Seed Round

The newsletter seeks to bolster its DAO and NFT sales with the funding.

Dirt's seed funding came from a handful of DAOs. (benketaro/Flickr)

Finance

Meta’s Instagram to Support NFTs From Ethereum, Polygon, Solana, Flow

The social media powerhouse won’t charge users for showcasing their crypto art.

Arte callejero en Williamsburg, Brooklyn, por Masnah.eth. (Danny Nelson/CoinDesk)

Layer 2

Ice Cube's Basketball League Is Taking on New 'Owners' With NFTs

VaynerMedia CEO Gary Vaynerchuk and rapper, actor & BIG3 co-founder Ice Cube joined CoinDesk's "First Mover" to discuss decentralized sports team ownership via NFTs.

The South Central Los Angeles-born entrepreneur is now exploring Web 3. (Photo by David Becker/Getty Images)

Learn

How Can You Share an NFT? Fractional NFTs Explained

Even though non-fungible tokens by definition are singular and unique, there are ways to split up the cost of investing in NFTs.

(CryptoPunks modified by CoinDesk)

Finance

‘Tamagotchi on Crack’: Irreverent Labs Raises $40M for NFT Cockfighting Game

Investors are backing a gaming studio whose “MechaFightClub” title is predicated on 6,969 robot chicken NFTs, according to government filings.

(Al Bello/Getty Images, modified by CoinDesk)