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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.
FASB Crypto Accounting Review Won’t Include NFTs, Certain Stablecoins: Report
The accounting standards body outlined its criteria for crypto assets that would be covered by a forthcoming rule regarding companies and their digital assets.
‘Beer With Bill Murray’ NFT Sells for $185K in ETH at Charity Auction
The NFT sold on Coinbase's NFT marketplace prompted a bidding war Wednesday in an effort to raise money for charity.
a16z Proposes Solution to Licensing Problem for NFTs
Andreessen Horowitz's crypto arm wants to establish an industry standard for NFTs by offering free licensing options in an approach similar to Creative Commons. "The Hash" panel discusses what this means for NFT distribution and intellectual property rights.
Ticketmaster Partners With Blockchain Firm Dapper Labs to Issue NFTs for Live Events
The ticket giant recently added a digital wallet feature and marketplace to its website.
A16z Wants to Standardize NFTs by Giving You a License for Your Token
Andreessen Horowitz's crypto arm is releasing a free licensing system, aiming to help the NFT sector fulfill its "economic potential."
An NFT Marketplace Is Letting Buyers Avoid Royalty Payments. Creators Aren’t Pleased
The popular NFT marketplace X2Y2 announced it will no longer make buyers pay royalties on certain NFT purchases, sparking debate on the importance of such payments to the industry.
What to Expect From the UK’s Royal Mint NFT Collection
Tokens endorsed by the U.K. government must come with perks to succeed, industry members say.
NFT Collective Proof Raises $50M in Funding Round Led by a16z
The funds will help the company launch its latest Moonbirds NFT collection and a social platform for NFT collectors.
Alchemy-Backed Blockchain Company Contribution Labs Raising $3M in Equity Sale
The startup developed Mint Kudos, which lets communities offer tokenized badges as rewards for participation.
The Sex Club, Tokenized
Daniel Saynt’s Manhattan sex club has plans for NFT membership and its own NSFW token. This piece is part of CoinDesk's Sin Week.
