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

Starbucks Teases Web 3 Platform in NFT Announcement

The coffee chain says its digital collectibles will likely be chain-agnostic and come with benefits tied to its physical locations.

Starbucks NFTs? (June Andrei George/Unsplash)

Finance

Lindsey McInerney: The Metaverse and the 'DIC Punch'

On building Stoner Cats and Gimmicks NFT franchises.

(Lindsey McInerney, modified by Kevin Ross/CoinDesk)

Opinion

An Ape Ain’t Free: In Defense of Ethereum’s Fees

Pick your poison: low fees on a chain that could collapse when transaction demand outstrips blockspace (Solana), or unpredictable, sometimes very high fees on a stable chain (Ethereum).

(Bored Ape Yacht Club, modified by CoinDesk)

Finance

Matt Medved: The Four Factors That Make NFTs Successful

The cofounder of NFT Now on distinguishing between hits and rugpulls. Medved is a speaker at CoinDesk's Consensus festival in June.

(Matt Medved, modified by Kevin Ross)

Policy

SEC to Add Staff as It Ramps Up Anti-Crypto Scam Efforts

The U.S. securities regulator plans to hire another 20 people to police coin offerings, non-fungible tokens and decentralized finance.

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Finance

VanEck Releases First NFTs, Promising Early Access to Research

The asset management firm is releasing 1,000 non-fungible tokens with varying levels of access to special benefits and community.

VanEck's NFT collection is based around a series of memes featuring a character modeled after Alexander Hamilton named “Hammy.” (Maya/Flickr)

Opinion

Otherside and the Future of NFT Consolidation

In the wake of its chaotic metaverse land sale, Yuga Labs says it has outgrown Ethereum. Quelle surprise.

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Tech

Solana Goes Dark for 7 Hours as Bots Swarm ‘Candy Machine’ NFT Minting Tool

It wasn’t immediately clear how the bot traffic overcame network safeguards.

Scenes from Solana's Miami Hacker House in April 2022 (Danny Nelson/CoinDesk)

Layer 2

Please Don’t Buy a ‘KYC’d’ Wallet for the Bored Apes Team’s Otherside Mint

Yuga Labs’ long-awaited “Otherside” NFT sale has spawned a secondary market for specially registered Ethereum addresses. Caveat emptor.

MONKEY BUSINESS: Buying access to a random person’s crypto wallet is extremely risky. (meshaphoto/Getty Images)