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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.

Finance

Coinbase’s NFT Strategy Questioned by Mizuho Analyst

Dan Dolev is skeptical about the exchange getting into the NFT business at this time, citing a decline in NFT internet searches.

By Michael BellusciApr 5, 2022

NEW YORK, NY - APRIL 14: Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City. Coinbase Global Inc. is the largest U.S. cryptocurrency exchange, debuting today through a rare direct listing. (Photo by Robert Nickelsberg/Getty Images)

Finance

Universal Music Group Files 4 Trademarks for Its Bored Ape Band Leader

UMG’s NFT band experiment continues with plans for tokens and a physical merch marketplace.

By Eli TanApr 5, 2022

Universal Music Group bought this Bored Ape in March. (UMG)

Opinion

The Bigger Problem With Axie Infinity

The $620 million Ronin exploit isn't the half of it; play-to-earn ain't free.

By Will GottsegenApr 4, 2022

Medieval illustration of men harvesting wheat with reaping-hooks, on a calendar page for August. Queen Mary's Psalter (Ms. Royal 2. B. VII/Wikimedia Commons, modified by CoinDesk)

Finance

Crypto’s Night at the Grammys

From Binance and OneOf to a side of PFP NFTs, a crypto presence was felt during the music industry’s marquee event.

By Eli TanApr 4, 2022

Attendees of the Grammy Awards mingle on the red carpet. (Eli Tan/CoinDesk)

Policy

UK Aims to Become Global Crypto Hub, Exchequer Says

Among the initial steps will be legislation to recognize stablecoins as legitimate vehicles for payments.

By Camomile ShumbaApr 4, 2022

U.K. flag blowing in the wind.

Finance

UK Government Plans to Create an NFT

The non-fungible token will represent the government's commitment to crypto technology and investment.

By Camomile ShumbaApr 4, 2022

Union Jack Flag of Great Britain against a Blue Sky

Finance

Southeast Asian VC Firm SeaX Ventures Closes $60M Tech Fund

The fund will invest $500,000-$5 million in technology companies, which includes blockchain and Web 3.

By Camomile ShumbaApr 4, 2022

Venture Capital (Getty Images)

Markets

Pudgy Penguins NFT Collection Looks to Next Chapter With $2.5M Sale

The collection of 8,888 digital penguins has been sold to LA-based entrepreneur Luca Netz in a 750 ETH deal.

By Tracy WangApr 2, 2022

Pudgy Penguins are a collection of 8,888 NFTs with proof of ownership stored on the Ethereum blockchain (OpenSea).

Finance

NFTs Take Hollywood: My Week at NFT LA

The star-studded week brought out the good and bad of NFT mania. But who was it for?

By Eli TanApr 1, 2022

Attendees gather outside NFT LA. (Eli Tan/CoinDesk)

Finance

Monetized Memes: Dank Bank Raises $4.2M

The NFT platform plans to use the funds to acquire “legendary memes.”

By Cam ThompsonApr 1, 2022

Dank Bank wants to give memes the NFT treatment. (Ochre Jelly/Flickr)
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