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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.
It's an NFT Boom. Do You Know Where Your Digital Art Lives?
NFT persistence: The collectible boom's undiscussed quandary.
Single Buyer Splurges $1M in Ether on CryptoPunk Digital Collectibles
The batch of 34 NFTs was purchased by a whale who paid 557.5 ETH, or roughly $1 million.
Nyan Cat NFT Sells for 300 ETH, Opening Door to the 'Meme Economy'
"I've basically opened the door to a whole new meme economy in the crypto world," Nyan Cat's creator said.
Market Wrap: Bitcoin Steadying Around $52K, Ether Surges on Rising Institutional Interest
Bitcoin and ether continue to rise, but that could create problems for overheated derivatives markets.
Luxury and Crypto? Top Auction House Christie’s to Accept Ether For Digital Art Sale
British auction house Christie’s has confirmed it will accept ether as payment for an upcoming digital art auction featuring the work of Mike “Beeple” Winkelmann. The Hash panel discusses the significance of a historic institution embracing new innovations like cryptocurrencies.
NBA Top Shot's 13-Second Highlight Clip of Zion Williamson NFT Sells for $100K
A tokenized 13-second video play of Zion Williamson blocking another player in his debut for the New Orleans Pelicans has been sold as a non-fungible token (NFT) for $100,000. The Hash panel weighs in on NFTs and whether there are signs of a bubble.
Blockchain Bites: Why Buy an NFT?
Investors may be realizing the same deflationary market mechanisms that apply to bitcoin’s scarcity creates similar opportunities in NFTs.
DJ 3LAU to Auction Full Album Tokenized on Ethereum Blockchain
3LAU is partnering with blockchain platform Origin to launch an auction for the Ultraviolet Vinyl NFT Collection.
Kakao to Record Private Securities on Its Own Blockchain as NFTs
The move will aid South Korea's OTC securities market.
