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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.
Coinbase’s NFT Segment Could Add More Than $1B to Annual Revenue, Needham Says
Analyst John Todaro continues his buy rating on the stock and $360 price target, or more than double the current $176.
APE Token Tied to Bored Ape Yacht Club NFTs Sinks 80% in Opening Hours
The ApeCoin token airdropped to Bored Ape NFT owners is off to a rough start, falling from $39.40 to as low as $6.48.
Rarible Bests OpenSea on Multi-Chain Support With Addition of Polygon NFTs
Polygon becomes Rarible’s fourth supported blockchain. OpenSea only sports three – but does 1,000 times the weekly sales volume.
Token Linked to Bored Ape Yacht Club Launches
The NFT staple is getting its own token and DAO just days after BAYC parent company Yuga Labs acquired the IP for CryptoPunks.
SCMP Spinning Off NFT Business Into New Firm ‘Artifact Labs’
The newspaper has found a brisk business in selling NFTs of its historical front pages, clearing $127,000 in its last auction.
Mark Zuckerberg Says NFTs Are Coming Soon to Instagram
The Meta CEO’s comments at South by Southwest confirmed earlier reports that Instagram was preparing to make such a move.
McLaren to Mint NFTs of Luxury Supercars in InfiniteWorld Partnership
McLaren Automotive plans to build a marketplace for the sale of NFTs that will include access to exclusive experiences for its buyers.
Crypto Unicorns Closes $26M Token Sale Ahead of NFT Game Launch
The popular Polygon-based NFT collection will introduce its first play-to-earn game later this month.
